Iconic Utah Mountain Resorts Connect to Open as America’s Major Ski Hub
Following the acquisition of Park City Mountain Resort by Vail Resorts for $182.5m last year and significant development to connect it and the adjacent Canyons Resort, this Saturday will see the opening of what will be the largest ski area in the United States.
Since acquiring the site, Vail Resorts has spent a further $50 on renovations for the 7,300-acre mecca for skiers around the world. ” This is a historical year for us, ” said Bill Rock, Vail’s chief operating officer. ” People have been talking about connecting resorts in Utah for a long time, but we were able to make it happen. … Park City has all the ingredients to be one of the best ski resort destinations in the world “.
With the merger of the two iconic resorts, skiers and snowboarders can explore 17 peaks on more than 300 trails, ride 41 lifts and dine in 16 restaurants. ” It’s big, ” Rock said. ” It’s gotten a lot of attention from around the world – rightfully so because Utah’s got the greatest snow on Earth and now the biggest resort in the United States “.
The ” cornerstone centerpiece ” of the resort’s improvements, he said, is the new Quicksilver gondola, an eight-passenger, high-speed lift connecting Park City and Canyons resorts, which will be up and running by mid-December.
Halfway through the gondola’s nine-minute route, riders can unload at a new station at the top of Pine Cone Ridge, where they can ski to either Canyons or Park City areas on two brand new trails: The Highway for beginners and intermediate-level Blaise’s Way.
On the Park City side of the resort, the brand new Miners Camp restaurant replaces the Snow Hut with 500 indoor seats at the base of Silverlode Lift, next to the Park City terminal for the Quicksilver gondola.
The King Con lift’s capacity has also been increased from four to six people and the Motherlode lift has been upgraded from a fixed-grip, three-person lift to a four-person, high-speed detachable chairlift. In Canyons Village, the Summit House and Red Pine restaurants were renovated, Chicane trail was widened, and snowmaking was increased on Iron Mountain.
It was a massive project to complete in one summer, Rock said, but everything will be ready by Christmas. ” We’ve talked about this being transformational, ” he said. ” As the biggest resort in the U.S., people have big expectations, so we want to deliver “.
Utah is America ‘s principal ski resort area and property is very popular throughout the year both to investors and new residents in the area. At the beginning of this year, RealtyTrac named Hunstville, Utah as the best ski town for property investors, citing an average rental yield of 7.7% and an average price increase of 3% year-on-year.
The quaint town of Huntsville, Utah, located in the state’s Odgen Valley region, may only have about 600 people, but it has three ski resorts. Tourists and would-be residents flock to the Wasatch Mountains to hit the slopes at the Snowbasin, Powder Mountain and Nordic Valley resorts, and to take advantage of the 9,250-foot summit elevation. It has the lowest median home price on this list at about $170,000, and it was named the best ski town for real estate investors by RealtyTrac, all things considered.
Now there’s a huge new kid on the block in Utah’s ski-country at Park City Mountain Resort, property investment in the State is on the rise. Median prices for apartments are around $160,000 according to data from RealtyTrac and so there are many bargains to be had for savvy investors.
Article by +Roxanne James on behalf of Propertyshowrooms.com
Sydney Becomes Australia’s Most Expensive City for Real Estate
25 years ago, the Australian version of Monopoly was released with the original board based on 1990 property prices. The board featured prominent inner city streets and locations in Australia’s seven capitals and, based on trends at the time, put Canberra as the most expensive city in the coveted dark blue property slots and Darwin the cheapest in the unwanted brown spaces.
However, a study of medial street prices shows property values have changed so much since then that the board would be almost unrecognizable if based on current property prices.
If the board was arranged based on today’s prices for property in Australia , Hobart would now be the cheapest and Sydney would be the most expensive, with Darwin boosted to the dark green slot, just behind Sydney.
The gap between game prices and real prices has grown incredibly – the latest Core Logic RP Data figures show a standard home on even the cheapest street today – Hobart’s Davey St – would actually cost you just over $305,000 in real money.
Mortgage broker Stephen Jones said comparing today’s price with Monopoly, while an amusing illustration of Australian home value, shows the different speeds at which capital city property markets have moved.
” The resources boom has probably been the biggest changer of prices, which explains why property prices in Perth and Darwin, which used to be a lot cheaper, are now among the most expensive in the country, ” he said.
” Sydney’s position as Australia’s most expensive city isn’t surprising either considering the recent [price] boom and how it has lifted the median value of a home more than 70 per cent since 2008 “. Originally, it was the appeal of cheaper property, with plenty of room for growth that attracted buyers to Sydney’s real estate market — driving prices up, and fast.
Sydney’s suburbs Guildford, Northmead, North Rocks, Carlingford, Parramatta, Dundas Valley, Werrington, Glenmore Park, Toongabbie, South Wentworthville, Bella Vista and Baulkham Hills have all had their top house price smashed this year.
Most of these records are sitting comfortably above $1 million, with some already in the $2 million-plus bracket and in a few of Sydney’s million dollar suburbs, the record has been broken several times in the past six months.
” We have got historically low interest rates so what has happened is that there was little price growth in Western Sydney and the southwest in the last seven years, and it makes housing in those areas very affordable, ” said Malcolm Gunning, Real Estate Institute of NSW president.
” What has now pushed (prices) up it is the improved infrastructure, particularly in the northwest, with the extensions of Windsor Rd, the M7 and now the North West Rail Link, ” he said.
Sydney’s property market shows no sign of slowing with home auctions cropping up throughout the city and its suburbs, attracting massive buyer interest. It is also worth noting that there is a marked increase in domestic home purchases in Australia, as Chinese interests’ shifts to the country’s commercial real estate sector.
Article by +Roxanne James on behalf of Propertyshowrooms.com
Michelangelo’s Historic 16th-Century Villa in Italy for Sale at 7.5m EUR
According to a press release by PR Rocket , the villa where the great Florentine artist Michelangelo Buonarroti lived, one of the most celebrated properties in Italy is still on the market. News of the listing was first published by The Daily Mail in August this year. The asking price for the culturally and historically significant home is a very reasonable €7.5 million.
The luxurious former residence of one of the greatest artists in the history features 1,200m² of space and has eight bedrooms and seven full bathrooms with scenic views of the Tuscany hillside. The grand estate stands on six acres of land and has three separate multi-story buildings plus an ancient tower believed to be erected in the 11th century. Grounds surrounding the villa are dedicated to Chianti vineyards, lemon groves, and olive orchards, as well as the original olive oil mill.
The house has retained much of its old grandeur, as the current owner has significantly worked to restore the villa from its rustic architecture down to the minutest detail in the brick work and wooden ceilings. He also has the original documents and deeds to the house.
Michelangelo bought the home in 1549, three decades after completing his work on the Sistine Chapel ceiling between 1508 and 1512. The estate belonged to the Buonarroti Family for over 300 years until 1857. The home is furnished with several of the original accents such as the wooden-beamed ceiling.
Michelangelo was born in 1475. At a young age, he already exhibited great promise as an artist, prompting his banker father to apprentice him with celebrated painter Domenico Ghirlandaio. From him, Michelangelo mastered the art of fresco painting. Soon, he became a student of sculpture under the tutelage of Lorenzo the Magnificent. At the age of 16, Michelangelo completed sculpting the ” Battle of the Centaurs ” and ” Madonna Seated on a Step “.
Michelangelo’s most famous works, however, are the paintings in the Sistine Chapel and his sculptures ” David ” and ” Pieta “.
There is significant investment in Italy’s historic buildings and entire villages are being renovated in attempts to restore the country’s former architectural grandeur beyond the famous landmarks tourists flock to see.
Some medieval properties in rural villages are being offered for restoration from as little as €1 to incentivise investment and there is considerable interest in the many fascinating opportunities in Italy’s real estate market.
Article by +Roxanne James on behalf of Propertyshowrooms.com
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