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Investment Properties for Sale in Park City, Utah
Park City is one of the few mountain markets in the U.S. where investment math actually pencils out across multiple strategies — nightly rentals tied to two world-class ski resorts, mid-term housing for Sundance and summer festival crowds, and long-term leases to the year-round workforce that keeps Deer Valley and Park City Mountain running. The catch is that every neighborhood plays by different rules. Resort-zoned properties in Canyons Village, Empire Pass, and the base of Deer Valley allow nightly rentals and command the highest ADRs during ski season. Step into Old Ranch Road, Silver Springs, Jeremy Ranch, or most of the Snyderville Basin and you're in 30-day-minimum territory, where the play shifts to long-term tenants or executive housing.
Pricing reflects the strategy. Studio and 1-bedroom condos at the base of the resorts start around $700K–$1.1M, mid-mountain 2- and 3-bedroom units run $1.5M–$3.5M, and ski-in/ski-out luxury inventory in Empire Pass and Silver Lake regularly crosses $5M. Basin single-family homes geared toward long-term rentals generally sit in the $1.5M–$3M range. Cap rates are tighter than what you'd see in Salt Lake or St. George, but appreciation, personal use, and the 35-minute drive to SLC International keep demand steady from out-of-state buyers. Active listings below include condos, townhomes, and single-family homes across both rental zones — sort by neighborhood to match the inventory to the rental strategy you have in mind.
May 2026 · Park City market
Live from the Utah MLS — what's actually happening in Park City right now.
Median sale
$1,950,000
56 closed in May 2026
Median DOM
23 days
listing → contract
Sale-to-list
96.6%
of final list price
Unsold inventory
852
active + pending
170 matching · page 1 of 8
Active listings
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Common questions
About investment properties in Park City.
Does Park City allow short-term rentals everywhere? ▾
No — short-term rental rules vary by zone and HOA. Most nightly rental activity happens in the resort-zoned areas around Park City Mountain and Deer Valley, plus parts of the Canyons Village and Empire Pass. Many neighborhoods inside Park City proper and most of the Snyderville Basin (Old Ranch Road, Silver Springs, Jeremy Ranch) restrict rentals to 30+ days. Always verify the specific subdivision's CC&Rs before writing an offer.
What kind of nightly rates and occupancy can investors expect? ▾
Ski-in/ski-out condos in Deer Valley and Canyons Village routinely pull $600–$1,500+ per night during peak ski weeks (Christmas, MLK, President's, spring break) and $250–$500 in shoulder seasons. Annual occupancy for well-managed units typically lands in the 55–70% range, with revenue heavily concentrated in December through March and July.
Which areas are best for nightly rental investment? ▾
Empire Pass, Silver Lake Village, and Deer Valley's lower mountain command the highest ADRs. Canyons Village and Sundial Lodge attract families and mid-tier budgets. Prospector and Park Avenue condos sit closer to Old Town's restaurants and Main Street, which keeps them booked in summer for Sundance, concerts at DeerValley, and biking season.
How do property taxes work on a non-primary residence? ▾
Utah taxes primary residences at roughly 55% of assessed value, but second homes and investment properties are taxed at 100% of assessed value. That effectively makes the property tax bill about 80% higher than what a full-time resident pays on the same home. Build that into your pro forma before committing.
What does HOA and management overhead typically run? ▾
Resort condo HOAs in Park City often run $1,000–$3,000+ per month and cover utilities, amenities, and reserves for major projects. Professional nightly rental management generally takes 30–45% of gross revenue. After taxes, HOA, management, and maintenance, many owners net 2–4% cash-on-cash and lean on appreciation plus personal use for the rest of the return.
Are long-term rentals a workable strategy here? ▾
Yes, especially in the Basin neighborhoods where nightly rentals aren't allowed. Demand from Park City's hospitality workforce, remote professionals, and families wanting Park City School District access keeps long-term vacancy low. Monthly rents on a 3-bedroom single-family typically run $4,500–$8,000 depending on location and finish level.