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60 PROSPECT AVE, Park City, UT 84060
$1,250,000
60 PROSPECT AVE, Park City, UT 84060
Type
SFR
List Price
$1.25M
Price/Sqft
$1139
Est Gross Yield
1.9%
$24,264/yr est.
Property Details
Description
PRICE REDUCTION. Newly priced and ready for its next chapter, this is a rare opportunity to create a custom mountain home in the heart of Old Town Park City with much of the upfront planning already completed. Located at the top of Prospect Avenue, the circa-1895 residence is recognized as a Significant Historic Site and has received Historic Preservation Board approval for the proposed preservation work and rear addition, subject to the outlined conditions and final permitting. The thoughtfully designed plans preserve the character of the original mining-era home while introducing a modern addition intended to improve livability, functionality and connection to the surrounding views. A builder has already been selected and is prepared to begin work once the remaining permits are issued, providing the next owner with a clear path toward construction. The elevated setting captures sweeping views across Old Town, Park City Mountain ski runs and the surrounding mountains. Dedicated off-street parking adds significant value in the Historic District, where parking is exceptionally difficult to find. Enjoy convenient access to Historic Main Street, world-class skiing, dining, entertainment and Park City's extensive trail system. Ideal for an end user, investor or developer seeking an approved Old Town Park City renovation and redevelopment opportunity with strong long-term potential. This is a chance to create a one-of-a-kind luxury home without beginning the historic review process from scratch.
Listed by Julie Snyder · Summit Sotheby's International Realty
Location
60 PROSPECT AVE, Park City, UT 84060
Proforma
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Cap Rate
1.29%
Cash-on-Cash
-9.03%
Cash Flow
-$3,527/mo
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Pro forma estimates are based on assumptions, not guaranteed, and should not be relied upon.
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© 2026 UtahRealEstate.com. All rights reserved. Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 9/30/2026, 11:06:52 PM. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing data provided by UtahRealEstate.com.