Extell, the developer behind New York supertalls, has listed a 7,000-square-foot penthouse at Four Seasons Residences in Deer Valley for $37 million, positioning it as Utah's most expensive condo.
ReadingIf this penthouse sells, mountain real estate just became primary residence territory for New York and California's top tier. If it doesn't, Extell is signaling where the market actually is.
WatchThe comparable comps Extell uses in their next Aspen or Jackson Hole listing. This Utah ask either reprices the mountain west or it becomes a lesson in hubris.