Golf Resort Report - 2024

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G O L F

L A K E

C I T Y

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C O M M U N I T Y

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S A LT L A K E C I T Y A R E A GOLF COURSES AND COMMUNITIES Welcome to the newest edition of the Golf Community Report, a lifestyle and real estate data guide that compares neighborhoods surrounding golf courses in the Salt Lake 1

Valley. Salt Lake’s real estate market has consistently made headlines over the past several years due to growing demand, paired with low standing inventory. Despite the fact that we are beginning to see a shift, our market remains strong and Utah continues to be one of the most desirable places to reside in the country. As lifelong residents of Utah, we understand the micro and macro markets of its local communities. We

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are well-versed in the Salt Lake Valley golf and country clubs and know that they are an anchor in our communities. By supporting our local golf courses and making them strong, the property values surrounding them continue to be some of the most desirable in the state. The pages that follow break down

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a variety of information regarding the clubs along the Wasatch front along with a variety of metrics for the micro real estate market surrounding each respective course. The results of this report are clear, the word is out on the unmatched lifestyle that golf communities offer, and buyers locally and from around the country are seeking opportunities to be a part of it.

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In the sport of golf, as well as within today’s fast-paced real estate industry, every move you make has risk and reward.

The more experience you have on your side, the less risk and more reward. No matter the location, lifestyle or real estate need, we are passionate about leading by example and raising

LEGEND

expectations. Whenever you have real estate needs, we hope

Salt Lake Country Club....................... 1

to be the trusted advisors that help you make solid decisions.

Cottonwood Country Club.................. 2

To receive our suite of market report guides, including the Luxury Outlook , Utah Annual Report, Collections Magazine

Willow Creek Country Club.. ................ 3 Hidden Valley Country Club................4

or our Quarterly Reports, please reach out to us.

T H O M A S C E O

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W R I G H T

P R I N C I PA L

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S A L E S

A S S O C I AT E

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SALT L AK E COUNTRY CLUB

The Country Club is one of the oldest clubs in the western United States. Founded in 1899, it has a rich history of excellence. The Club is located on the southeast side of Salt Lake City in the foothills of the Wasatch Mountain Range.

Amenities

801.466.8751

• Golf Instruction

saltlakecountryclub.com

• Jr. Golf Program

• 18-Hole Golf Course • Full-Service Pro Shop

• Two Restaurants

Memberships (Waitlist Only)

Fees

Equity Membership

$175,000+

Equity Membership Dues

$1,213/mo

Min Food & Beverage

$800/rotating quarter

• Four Private Dining Rooms • Snack Bar • Two Patios • Outdoor Swimming Pool • Swim Lessons • Swim and Dive Team • Open Memorial Day to Labor Day

Social Membership 2 available

Social Membership Dues Min Food and Beverage

$10,000

• Wellness Area • Massage Therapy

$250/mo $800/rotating quarter

• Therapeutic Body Work • Personal Training • Titleist Performance Golf Fitness Instruction • Personalized Yoga Classes • Luxurious Soulful Product Line • Men’s Locker Facilities • Women’s Locker Facilities

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COTTONWOOD COUNTRY CLUB

For families interested in staying active and socializing, The Cottonwood Country Club is a utopia that delivers first-class service so their members can enjoy a relaxing atmosphere without the stress of everyday life. The Cottonwood Club is intensely focused on the needs of their members and providing a beautiful space that sparks joy and creates an unforgettable legacy.

Amenities • 18-Hole Golf Course - Par 3 • Golf Instruction • Jr. Golf Program • One Restaurant

801.277.2691

• One Bar Area

cottonwoodcc.org

• One Private Dining Room • Three Patios

Memberships

Fees

Equity Membership

$22,500

Equity Membership Dues

$550/mo

Min Food and Beverage

$200/qt

• Outdoor Swimming Pool • Swim Lessons • Swim and Dive Team • Open Memorial Day to Labor Day • Eleven Tennis Courts • Full-Time Teaching Professionals • Youth Programs

No Social Membership Offered

• Tennis - Bubble for Year-Round Play • Gym Facilities • Men’s Locker Facilities • Women’s Locker Facilities • Golf Simulator • Summer Camps • Ski/Snowboard Program

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W ILLOW CREEK COUNTRY CLUB

Willow Creek’s 7,096-yard course, nestled at the base of the towering Wasatch Mountains, offers spectacular country club golf. Its original design is steeped in tradition that can be traced to American golf architect Donald Ross. This traditional design has produced challenging golf and the course is painstakingly maintained with all the advantages of modern agronomy.

Amenities • 18-Hole Golf Course • Full-Service Pro Shop • Golf Instruction • Jr. Golf Program

801.942.1954

• One Restaurant

willowcreekcc.com

• One Bar area • Three Private Dining Rooms

Memberships Resident Equity Membership five available

Fees $71,000—$85,000

• Two Patios • Snack Bar - Pool • Outdoor Swimming Pool

Equity Membership Dues

$821/mo

Min Food & Beverage

$200/qt

• Swim Lessons • Swim and Dive Team • Open Memorial Day to Labor Day • Men’s Locker Facilities

Social Membership waiting list

$5,000

Social Membership Dues

$250/mo

Min Food and Beverage

$200/qt

Jr. Membership

• Women’s Locker Facilities

Open to Children of Resident Equity Members

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HIDDEN VALLEY COUNTRY CLUB

This is a golfer’s paradise… a perfect place for friends and family to learn, refine and enjoy the game of golf in a relaxed country club setting. Hidden Valley members enjoy a 27-hole golf course, professional golf shop and practice facilities. Hidden Valley offers a variety of programs for golfers including men’s, women’s and couples’ leagues, as well as a junior golf program. The Pro Shop is staffed by PGA Professionals who offer lessons, clinics, club fitting and other services to meet every golfer’s needs. The Pro Shop is stocked with a nice assortment of clothing, shoes and equipment.

Amenities

801.571.0583

• One Bar area

hiddenvalley.cc

• Four Private Dining Rooms

Memberships Equity Membership one available

Fees $95,000

Equity Membership Dues

$945/mo

Min Food and Beverage

$300/qt

• 27-Hole Golf Course • Full-Service Pro Shop • Golf Instruction • Jr. Golf Program • One Restaurant

• One Patio • Snack Bar - Pool • Outdoor Swimming Pool • Swim Lessons • Swim and Dive Team • Open Memorial Day to Labor Day • Men’s Locker Facilities • Women’s Locker Facilities

Social Membership capped at 90 members

$7,500

Social Membership Dues

$311/mo

Min Food and Beverage

$300/qt

Jr. Membership

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Open to Children of Equity Members

RE AL ESTATE STATISTICS

Properties Surrounding Salt Lake Country Club Year

2022

2023

$1,384,240

$1,600,000

$335

$382

5

58

Highest Sold Price

$3,490,000

$7,200,000

Lowest Sold Price

$685,000

$615,000

10

15

$13,842,400

$23,500,000

2022

2023

$946,777

$1,300,000

$348

$347

9

40

Highest Sold Price

$1,400,000

$3,000,000

Lowest Sold Price

$495,000

$510,000

9

12

$8,521,000

$15,000,000

Average Sold Price Price per Square Foot Average Days on Market

Number of Properties

Total Dollar Volume Sold

Properties Surrounding Cottonwood Country Club Year Average Sold Price Price per Square Foot Average Days on Market

Number of Properties

Total Dollar Volume Sold

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RE AL ESTATE STATISTICS

Properties Surrounding Willow Creek Country Club Year

2022

2023

$1,065,038

$1,200,000

Price per Square Foot

$273

$297

Average Days on Market

25

60

Highest Sold Price

$2,200,000

$2,800,000

Lowest Sold Price

$619,000

$563,000

25

26

$26,625,995

$30,000,000

2022

2023

$1,199,117

$1,100,000

Price per Square Foot

$261

$233

Average Days on Market

39

59

Highest Sold Price

$4,075,000

$2,700,000

Lowest Sold Price

$550,000

$550,000

34

31

$40,770,000

$32,000,000

Average Sold Price

Number of Properties

Total Dollar Volume Sold

Properties Surrounding Hidden Valley Country Club Year Average Sold Price

Number of Properties

Total Dollar Volume Sold

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WASATCH FRONT STATISTICS

Average & Median Sold Prices ( 2020 – 2023) $800,000

$700,000

$600,000

$500,000

$400,000

$300,000

$200,000 2020 Average Sales Price

2021

2022 Median Sales Price

2023

2024 Source: UtahRealEstate.com

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PA R K CI T Y A R E A GOLF COMMUNITIES Beyond the Salt Lake Valley lies a treasure trove of luxurious golf communities, particularly in the breathtaking Park City area. Here, amidst the picturesque landscapes, lie exclusive neighborhoods that epitomize refined living and leisure. These enclaves not only boast world-class golf courses akin to those found in the Salt Lake Valley but also afford the added allure of being in close proximity to renowned ski resorts.

It’s a harmonious blend of sophistication and natural beauty, inviting residents to indulge in a lifestyle where every moment is infused with opulence and adventure.

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Situated within the prestigious Park Meadows neighborhood, Park Meadows Country Club stands out as the sole private golf and social club in Park City, Utah, offering an unparalleled experience.

PARK ME ADOWS COUNTRY CLUB

The club boasts a Jack Nicklaus Signature golf course, recently renovated clubhouse, a resort-style pool, a state-of-the-art fitness center, and an award-winning dining facility, all just minutes away from the historic Main Street. Park Meadows members revel in an elevated lifestyle year round, with the opportunity to enjoy plentiful Park City recreation, and the plethora of Club amenities.

435.649.2460 parkmeadowscc.com

Memberships Park Meadows Country Club offers a variety of memberships to accommodate seasoned golfers and socialites alike. Their membership costs are determined by a Market-Based pricing (MBP) program, which allows the Club to transfer memberships to prospective members at prices that fluctuate regularly to account for the current demand. This system allows for a variety of members to join, from families with children and retired couples to Park City residents and second-home owners.

Since pricing varies often, the Park Meadows Country Club asks that prospective members call their membership office to receive the most accurate pricing information for each membership type.

Full Golf Membership (includes spouses and unmarried children up to age 24) Privileges include golf, locker privileges, and use of all other Club amenities, and includes spouses of members and their unmarried children under the age of 24 who live at home or attend college full-time, as well as a reduced family guest fee.

Intermediate Golf Membership (ages 35-49) Offers full golf membership family privileges at a lower price for singles and couples. Savings of 25 percent off full Golf Member dues and food & beverage minimum. (For couples, the age of the older partner determines membership eligibility)

Year

Junior Golf Membership (ages 24-34) Provides full golf membership family privileges for singles and couples. Savings of 50 percent off full Golf Member dues and food & beverage minimum. (For couples, the age of the older partner determines membership eligibility) Social Membership Social Members enjoy all club amenities and social gatherings along with off-site member outings. Members may golf up to six rounds per year at the Club’s accompanied-guest rate; and can use the driving range with a scheduled tee time.

2022

2023

$3,000,000

$2,800,000

Price per Square Foot

$975

$862

Average Days on Market

68

62

Highest Sold Price

$6,000,000

$5,800,000

Lowest Sold Price

$1,900,000

$1,800,000

9

10

$21,000,000

$23,000,000

Average Sold Price

Number of Properties

Total Dollar Volume Sold

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GLENW ILD GOLF CLUB & SPA

Club members may enjoy unlimited access to a Tom Fazio-designed masterpiece that flows seamlessly through the landscape and is recognized as the number-one ranked course in Utah. Fazio is known as the country’s preeminent golf course architect for good reason. Not having fallen victim to the modern trend of excessive shaping and mounding, Fazio designs his holes into the existing features of the land while functionally enhancing the natural beauty of existing formations.

Golf is one of the main draws for those acquiring property at Glenwild and it is only made better by the club’s attention to detail and exceptionally trained attendants. Every service amenity one would expect at the finest clubs and resorts in the country has been considered. The course’s distinctive holes offer a wide variety of shot options and risk and reward opportunities abound. Fazio’s designs have been described as challenging yet fair and his layout variety only adds to the striking visual appeal of the unique mountain setting. Conditioning of the course is paramount and not a blade of grass or untamed bunker has been ignored by a veteran maintenance team. The Glenwild course simply astounds at every hole.

435.615.9966 glenwildgolfclub.com

Glenwild Golf Club & Spa draws people together through a collective appreciation of exceptional golf, amenities, and service amid an intimate, comfortable environment.

Our Board and Members have a collective devotion to the long-term success and culture of Glenwild and understand the importance of attracting new members while maintaining a selective process to ensure Glenwild’s shared values of respect, fairness, honesty, and camaraderie.

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Memberships Membership in the Glenwild Golf Club and Spa is separate from home or lot ownership and successful applications are dependent upon approval of the Club Board and the club members.

Golf Membership Equity golf members are entitled to all the benefits associated with Social Membership plus unlimited tee times on the Tom Fazio-designed 18-hole championship course. Included are access to the double-ended driving range, unlimited range balls, and exquisitely designed practice areas, including two putting greens, practice bunkers, and a short game area. Use of Glenwild’s renowned caddie program for an additional fee and participation in all golf tournaments and related functions are included.

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Equity golf membership: $200,000 initiation fee, annual dues of $18,800

Social Membership Non-equity Social members may enjoy access to all the club amenities with the exception of golf privileges. These amenities include but are not limited to, fine dining and bar dining, the pool and outdoor café, locker rooms, grill room, and spa and fitness facilities. Also included is access to the tennis facility and groomed cross-country trails. Social members are also welcome to attend social functions and holiday parties.

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Non-equity social membership: $50,000 initiation fee, annual dues of $11,425

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M ARCELL A JORDANELLE RIDGE

Marcella at the Jordanelle, a luxury development situated near Park City, Utah, gained attention for its unique connection to golf legend Tiger Woods. The community will feature an 18-hole Tiger Woods-designed golf course and an additional 18-hole Championship course, both of which are set to be finished in 2026. The project includes a luxury

golf clubhouse and practice facilities, as well as worldclass amenities for club members. The tie to Tiger Woods adds a touch of prestige and intrigue to this exclusive development, making it a sought-after destination for those seeking luxury living in the picturesque surroundings of the Jordanelle Reservoir.

435.222.0509 marcellaclub.com

Memberships The Marcella Club offers a limited number of memberships, ensuring that the luxurious amenities and courses remain exclusive to members. Membership costs at the Marcella Club fluctuate, and availability varies throughout the year.

Prospective members should get in touch with the Club in order to find the membership option that best fits their needs.

Full Golf Membership

Full Membership tied to Marcella at Deer Valley real estate

Only 500 available, offers access to all Marcella Club locations, amenities, and events year round.

purchase

Full Membership and Reservation List Spot for future lots at Jordanelle Ridge Only 300 allotted. Future lots at Jordanelle Ridge offer immediate golf access and membership includes Marcella Club locations, amenities, and events year round.

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Only 150 allotted. Real estate at Marcella at Deer Valley offers immediate ski and ski amenity access and membership includes Marcella Club locations, amenities, and events year round.

PROMONTORY When looking for a club that offers unique experiences and recreation for the entire family, Promontory Park City is an exceptional option. This unique 7,200-acre community, perched between 6,500 to 7,400 feet above sea level, offers unparalleled experiences overlooking Park City. Since its inception in 2001, Promontory has been renowned for its $400 million investment in exceptional amenities, making it a standout destination for unforgettable family adventures year-round.

435.333.4600 promontoryclub.com/golf

Memberships Promontory offers 4 different membership options to fit the wants and needs of any resident. These unique membership options have variable pricing, depending on which memberships are being purchased and whether or not a real estate transaction is involved. The membership office at Promontory Park City can help guide prospective members in selecting a membership, and will provide the most up to date pricing and availability.

Full Golf Membership

Conservancy Membership

Full Golf memberships offer unlimited play on Promontory’s two championship courses, access to the Dye and Nicklaus golf clubhouses and clubhouse restaurants, and all facility amenities.

All Promontory property owners belong to the Conservancy and enjoy a number of exclusive community amenities and services.

Social Membership

Social or Full members are able to become Equestrian Members and experience the world-class Promontory Equestrian Center. This membership offers the ultimate professional onsite care and training, deluxe stables with heated stalls, an indoor arena, wash and grooming areas, individual saddle/tack lockers, as well as a club lounge.

The social membership provides access to incredible club facilities and recreational activities, including the Village Clubhouse, Kids’ Club 4-12, Outfitter’s Cabin, The Shed and Deer Valley Lodge.

Year

Equestrian Membership

2022

2023

$3,700,000

$5,500,000

$1,000

$688

77

50

Highest Sold Price

$5,300,000

$11,200,000

Lowest Sold Price

$2,500,000

$2,700,000

15

11

$55,000,000

$60,000,000

Average Sold Price Price per Square Foo Average Days on Market

Number of Properties

Total Dollar Volume Sold

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THOMAS WRIGHT

ERIN ELDREDGE

CEO and Principal Broker

Sales Associate

801.652.5700

801.205.4239

thomas.wright@sothebysrealty.com summitsothebysrealty.com

erin.eldredge@sothebysrealty.com summitsothebysrealty.com

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