1061 Lowell Ave, Park City, UT 84060

$4,500,000
8
BD
7,783
SqFt
List Price
$4,500,000
Status
ACTIVE
MLS#
1686015
Days on Market
193
Year Built
1983
Bedrooms
8
Square Feet
7,783
Terms
Cash, Conventional
County
Summit
Region
Park City; Deer Valley
Subdivision
Northstar Subdivisio

Property Description

Offering nearly 8,000 total sq/ft, incredible views, nearly half an acre of land, and ample parking. This property has multiple end uses. It currently functions as a nightly rental duplex and has great rental history. It offers the flexibility to live in one side, rent one side, or rent both sides to comfortably host 28 guests! Other potential uses include a high end contemporary remodel (Drawings available), the ability to potentially develop into a one of a kind estate, or subdivide into multiple homes and/or apartments. The site is not historic and therefore no preservation standards apply (HR-1 zoning does apply to the new construction). With new construction homes (next door) selling for over $5M and close proximity to the new Kings Crown development, this truly is a unique opportunity to create and customize your dream destination. Bring your developers, re-modelers, or one of a kind end user! Remodel drawings are a concept and potential use. The property is being sold as-is.

Additional Information

Taxes
$25,417
Exterior Features
Balcony, Double Pane Windows, Patio: Covered, Skylights, Sliding Glass Doors
Interior Features
Bath: Master, Closet: Walk-In, Kitchen: Updated, Oven: Double
Floor
Carpet, Hardwood, Tile
Heating
Forced Air, Gas: Central, Wood
Roof
Asphalt
School District
Park City
Elementary School
McPolin
Middle School
Ecker Hill
High School
Park City
Style
Side By Side
Living Area
7,783

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Windermere Real Estate-Utah (Park City Branch).