$5,300,000
$2M PRICE INCREASE

10281 N Terrae Ct Unit E-28 Park City, UT 84060

Deer Valley Neighborhood

Estimated payment $31,875/month

Total Views 1,304
1.33 Acres
$3,984,962 Price per Acre
57,935 Sq Ft Lot

Highlights

  • Ski Accessible
  • Steam Room
  • Mountain View
  • Midway Elementary School Rated A-
  • 1.33 Acre Lot
  • Private Membership Available

About This Lot

Estate Lot 28 at Velvære is one of the community's final true ski-in, ski-out opportunities. This premier homesite offers direct access to a private ski trail, providing effortless connection to Deer Valley® terrain. Set in a tranquil, tree-lined setting at the very top of the community, Lot 28 captures sweeping views of the Jordanelle Reservoir and surrounding alpine landscape. A rare combination of privacy, access, and natural beauty, this property is an ideal canvas for a legacy mountain residence in a purpose-built community designed around wellness, connection, and year-round outdoor adventure. Owners enjoy exclusive membership to Club Velvære, featuring everything you'd expect from a five-star resort: game rooms, dining options, personalized spa services, state-of-the-art fitness facilities, pools and hot tubs, ski and bike valet, gear rentals, and a private ski beach.

Listing Agent

Christina Baheri

Summit Sotheby's International Realty License #12066974-SA00 Listed on: 09/26/2025

Summit Sotheby's International Realty

Co-Listing Agent

Julie Wood

Summit Sotheby's International Realty License #11954442-SA00

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $43,270

HOA Fees

  • $280 Monthly HOA Fees

Utilities

  • Natural Gas Connected
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Additional Features

  • Mountain Views
  • 1.33 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 00-0021-7839

Community Details

Overview

  • Association fees include management fees, reserve/contingency fund, snow removal
  • Private Membership Available
  • Association Phone (559) 367-3134
  • Velvaere Subdivision

Amenities

  • Steam Room
  • Sauna
  • Shuttle
  • Clubhouse
  • Elevator

Recreation

  • Community Pool
  • Community Spa
  • Ski Accessible
  • Ski Club Membership

Property Details

Property Type

Land

Est. Annual Taxes

$43,270

Lot Details

0

HOA Fees

$280 per month

Listing Details

  • Prop. Type: Land
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Lot Size Acres: 1.33
  • Co List Office Mls Id: 4115
  • Co List Office Phone: 801-467-2100
  • Subdivision Name: Velvaere
  • Contract Info:Short Sale: No
  • Contract Info:BankLender Owned: No
  • Property Info:Access: Year Round
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Exterior Features

  • Lot Features: Other
  • View: Mountain(s)

Utilities

  • Utilities: Cable Available, Electricity Connected, High Speed Internet Available, Natural Gas Connected, Phone Available, See Remarks
  • Sewer: Public Sewer
  • Water Source: Public

Association/Amenities

  • MembershipAmenitiesMembershipAvailable: Yes
  • MembershipAmenitiesSocialLifestyleMembership: Available
  • AssociationOccupant:HOA Contact: Jason Rickards
  • Membership Amenities:Ski Club Membership: Available

Condo/Co-op/Association

  • Community Features: Ski to Door, Ski Into Project, Ski Out of Door, Ski Out of Project, Ski Shuttle, Ski Club and Shuttle
  • Amenities: Clubhouse, Elevator(s), Fire Sprinklers, Spa/Hot Tub, Management, Other, Pool, Pets Allowed w/Restrictions, Sauna, Shuttle Service, Steam Room
  • Association Fee: 280.0
  • Association Fee Frequency: Monthly
  • Phone: 559-367-3134
  • Association: Yes

Fee Information

  • Association Fee Includes: Management Fees, Reserve/Contingency Fund, Snow Removal

Lot Info

  • Lot Size Sq Ft: 57934.8
  • Parcel #: 00-0021-7839

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 1.0

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $43,270 $3,015,000 $3,015,000 $0
2024 $424 $2,615,000 $2,615,000 $0
2023 $432 $2,815,500 $2,815,500 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/26/2025 09/26/25 Price Changed $5,300,000 0.0% --
09/26/2025 09/26/25 For Sale $5,300,000 0.0% --
09/26/2025 09/26/25 Price Changed $5,300,000 0.0% --
09/26/2025 09/26/25 For Sale $5,300,000 +27.7% --
02/14/2025 02/14/25 Off Market -- -- --
02/14/2025 02/14/25 Off Market -- -- --
06/12/2024 06/12/24 Price Changed $4,150,000 0.0% --
06/12/2024 06/12/24 Price Changed $4,150,000 +9.2% --
03/07/2024 03/07/24 For Sale $3,800,000 0.0% --
03/07/2024 03/07/24 For Sale $3,800,000 -- --
Source: Park City Board of REALTORS®

Source: Park City Board of REALTORS®

MLS Number: 12400776

Park City Board of REALTORS®