The Black Rock Luxury Condos – soon to be renamed to Black Rock Mountain Resort – are currently under construction east off highway 248. The first 52 of 197 condominium residences are anticipated to be completed in the summer/fall of 2019. The majority of the contemporary residences feature two bedrooms and two baths with approximately 57 of them offering lock-out options to maximize your rental income. Two three bedroom, three bath penthouses are available.
Prices range from $390,000 to $950,000. HOA’s are going to be low at approximately $450/month which is great for primary residents, second home owners as well as investors. Amenities are to include a restaurant (current contract with Maxwells East Coast Eatery), market, two indoor ice rinks and one seasonal outdoor ice rink. The ice rinks are for public use and to help increase nightly rental income with year-round tournaments. To keep the HOA low the developer decided to offer additional opt-in amenities for those interested in using them. An additional monthly fee of about $100 (subject to change) will allow residents to use two heated outdoor pools, hot tubs, steam room, sauna, rec room, theater room, fitness room, golf simulator and much more.
Black Rock Mountain Resort is a great value for anyone looking for a luxury new condo under $550,000. Currently the resort is 8 minutes from the Deer Valley gondola. Once the new Jordanelle Parkway is completed the gondola can be reached within three to four minutes.
Pets and nightly rentals are allowed. Destination Hotels will be the on-site property manager. Future shuttle service to the slopes is currently being discussed.
Those who reserve a residence in January receive a $10,000 credit towards upgrades of their condo.
Contact The Park City Investor Team at 435-640-6966 for more information about this investment option and the current incentives offered.