Promontory is a luxury second-home community in Park City.

Standing on a ridge overlooking the snow-capped peaks of the Wasatch and Uinta mountains, you'll be inspired by the unspoiled views - and grateful for the Promontory Conservancy.

Promontory's open spaces will ensure that the beauty that moves you today will remain for generations to come.

To live near three legendary ski mountains in a private community is a luxury. To wake up to the most glorious summer weather with championship Utah golf courses, including a Pete Dye Golf Course, as well as an upcoming Jack Nicklaus Signature Golf Course, is pure inspiration.

When you consider that potentially there are more luxury private golf clubs and golf courses to come, you begin to understand the promise of Promontory.

Named as Golf Inc. Magazine's "2003 Golf Development of the Year," the Pete Dye Golf Course has received numerous accolades as a private golf community.

Estates West Magazine says "Altogether, it's a stunning and memorable course."

And Travel & Leisure Golf Magazine writes "there are six sets of tees (including one for juniors), ample saddled fairways, greens that could be measured not in square feet but in acreage and nary a railroad tie or pot bunker in sight."

Jack Nicklaus does it again.

His highly anticipated golf course is currently under construction and set to open all 18 holes in the summer of 2007.

Set against a mountain backdrop in Promontory's scenic Painted Valley, the course has been carefully planned to delight the senses and reward players of all abilities. Frequently ranked among Golf Digest's Top 100, his signature course at Promontory is very likely to follow suit.

Imagine having a second home right here in Park City. Promontory is the ultimate family legacy community offering activities for every age and interest.

Only minutes from the resorts, Promontory offers private member lodges on Deer Valley and Main Street and our own shuttle service to take you directly to the lifts.

Promontory's world-class amenities are ready to enjoy today—an Outfitter's cabin, the kid's-only Kinnikinnick Cabin, an equestrian center, and two golf courses.

New clubhouses for our Jack Nicklaus signature course and the upcoming Forrest Richardson short course are on their way. Call us and come up for a tour today!

Utah’s Posh Promontory Development Could Be Close to Bankruptcy

Promontory, the gated golf community near Park City, Utah, may soon file for bankruptcy if it can’t broker a deal to sell to its primary lender Credit Suisse or find additional financing.

The development, owned by Pivotal Group out of Phoenix, is suffering from stagnate home sales (they run upwards of $5 million) and announced in a January press release (scroll down) that it had reached an agreement in principle on the sale of the Promontory operating and development companies to Credit Suisse.

But a deal was never finalized, and Credit Suisse has sued Promontory claiming the club has not fulfilled obligations to the lender, according to a Tuesday story in the Park Record.

According to the story, a judge in Summit County denied a request from Credit Suisse to appoint a receiver to run Promontory until a legal skirmish between the lender and developer is resolved.

In the next few weeks, if “Promontory is not able to secure some additional funding it will likely seek relief through a bankruptcy filing,” the judge acknowledged in his decision.

The club’s troubles are another indication that luxury developments in the West are vulnerable to the problems afflicting real estate and financial markets across the country.

Promontory Managing Director Rich Sonntag told the Park Record that he estimates $700 million worth of sales have yet to occur.

Promontory, three miles east of Park City, dubs itself “a family-friendly, luxury second-home community in the heart of Utah’s Rocky Mountains, where legendary skiing meets world-class golf.”

The development plan includes about 2,000 homes on 7,000 acres and boasts a Jack Nicklaus Signature Design golf course.

Though the Utah resort real estate market has remained strong, it is valuable for Promontory to be aligned with such financial strength while awaiting a rebound in the national real estate market

Park City, a well known ski town and tourist destination, has a select few gated communities that are on the Park City Real Estate's favorites list.

Promontory is definitely one of our favorites. 

Promontory has a long list of welcoming amenities that make living here such a rewarding experience. 

From a local general store, world-class spa and clubhouse, to multiple championship designer golf courses.

Among the list of amenities home builders and owners will appreciate are strict covenants that ensure that only the finest homes will be built within the community.