$37 million Deer Valley home sale sets Park City record

PARK CITY, Utah — A newly built home in Deer Valley’s Bald Eagle Club has sold for $37 million, setting a record for a residential sale within Park City limits, according to The Wall Street Journal.

The nine-bedroom home at 7932 Red Tail Court spans about 17,000 square feet and was most recently listed for $39 million.

The Wall Street Journal reported that Steve Jury of Keller Williams Park City represented both the buyer and seller in the transaction. The buyer was not identified.

Bob Bemis, MLS director for the Park City Board of Realtors, independently confirmed the sale Monday after reviewing 10 years of transaction history in the local Multiple Listing Service.

“Yes, that’s the highest reported price that we have in the whole system,” Bemis told TownLift.

The Park City Board of Realtors’ MLS primarily covers Summit and Wasatch counties, Bemis said.

According to the MLS listing, the home includes 11 fireplaces, a wellness and fitness center with a sauna, steam room and cold plunge, two massage rooms, a 55-foot heated outdoor lap pool with a built-in spa, a 20-seat theater and a commercial-grade glass elevator.

The Wall Street Journal reported that seller Raymond Uritescu, CEO of Providence Realty Investments, purchased the vacant property for $6 million in 2021 and spent about four years building the home.

While other Park City-area properties carry significantly higher asking prices, Bemis said those prices do not necessarily reflect completed transactions.

He pointed to 253 White Pine Canyon Road, which is currently listed for $55 million through Paul Benson of Engel & Völkers Park City. The property remains actively listed.

Bemis’ review found no higher completed sale reported through the MLS during the 10 years he searched.

The Wall Street Journal reported that the previous record within Park City limits was $25 million earlier this year.

A $25 million single-family sale in Empire Pass is also documented in the Park City Board of Realtors’ second-quarter market report. The transaction was the only Empire Pass home sale recorded during the quarter.

The record comes amid continued strength at the upper end of Park City’s housing market.

According to the Park City Board of Realtors, 29 single-family homes sold within Park City during the second quarter of 2026, up from 24 during the same period last year. Sales volume increased 35% to $148.8 million, while the median single-family sale price was $3.8 million.

Across the broader market tracked by the Board of Realtors, sales of single-family homes, condominiums and land totaled approximately $1.36 billion during the second quarter, up 7% from a year earlier.

The record sale also contrasts with a very different housing reality for many Summit County residents.

TownLift reported Sept. 11 that Summit County’s median single-family home sale price was about $2.2 million in the first quarter of 2026, down 5% from roughly $2.31 million a year earlier, according to data from the Kem C. Gardner Policy Institute.

Despite the decline, Summit County remained Utah’s most expensive housing market. The Gardner Institute estimated that a household would need about $427,300 in annual income to afford the county’s median-priced home with a 10% down payment.

About 97% of Summit County renters could not afford to purchase a median-priced home, according to the report.