Inside a $8.5M Luxury Home in Old Town Park City – Unreal Views! 🏔️

Brand-new construction in Old Town is rare. Brand-new with five bedrooms, eight baths, and views like this is nearly extinct. Step inside 103 Alice Court — an $8.5M statement home minutes from Main Street, and one of the best arguments I've filmed for why Old Town's top tier plays by its own rules.

The unicorn math of Old Town new construction

Old Town was platted in the 1880s on 25×75-foot lots, it's governed by Historic District design review, and there's essentially no vacant land left. Every new home here is an against-the-odds project — years of approvals, surgical construction on steep tight sites, and costs that only pencil at the top of the market. That's exactly why finished product like this commands what it does: the supply of "new, big, and in Old Town" is functionally capped forever. You're not just buying a house; you're buying one of the last permission slips.

Inside the house

Five bedrooms and eight bathrooms means the layout was designed for full-house hosting — every bedroom suited, no morning bottlenecks, room for three generations or a full ski crew. The finish level runs modern-mountain throughout, but the headline is in the title: the views. Perched above town, the sightlines sweep the historic grid below and the resort runs beyond — the kind of panorama that Old Town's valley-floor cottages simply can't access at any renovation budget. Add the practical trifecta — walk to Main Street dinner, minutes to the Town Lift and PCMR base, direct access to everything that makes Old Town the most walkable ski neighborhood in America — and the price starts explaining itself.

Where it sits in the market

Context from my coverage: Old Town's median runs about $3.4M with its high-volume market concentrated in historic homes and condos — but the neighborhood's ceiling keeps rising as buyers who'd otherwise land in Deer Valley discover that new construction in town is the scarcer asset. At $8.5M, this competes with Empire Pass condos and Lower Deer Valley houses; what those can't offer is Main Street out your front door. For a certain buyer, that's the whole decision. Tour's above — the views hit even harder in person.

Thinking about buying, selling, or investing in Park City? Reach out anytime — call or text (801) 837-4445.