A home in the ski destination community of Park City recently broke the record for the most expensive house sale in Utah, when Russell Weiner, billionaire founder of Rockstar Energy, bought it for $39.6 million.
But there’s another home on the Utah market that could shatter that record by nearly $10 million — if it sells for its asking price of $48 million.
Utah’s most expensive home for sale
It’s a massive, 3,387-acre estate nestled up the left fork of Hobble Creek Canyon in Springville. Named Hobble Creek Ranch, the property’s main residence is a 17,493-square-foot, French-inspired chateau.
The home sits behind two gates and is surrounded by “nearly 20 beautifully manicured acres,” according to its website. The property features seven ponds with water rights and controls access to over 10,000 acres of Forest Service lands. It’s even a seasonal home to a large elk and deer herd.
Hobble Creek Ranch has been waiting for its next buyer for quite some time, as it’s been sitting on the market for over 620 days now, according to its listing. The property’s real estate agent, Kerry Oman with Summit Sotheby’s International Realty, said it takes time to find the right buyer, especially with such an unprecedented price tag in the state of Utah.
“Nothing in the state of Utah has ever sold for over $40 million,” Oman said, though the recent Park City sale came close. “What we’re trying to do is a price point that’s never been done before, and, you know, when you get into that realm it takes a very select person who can financially afford it.”
A buyer would likely need to be “worth a couple $100 million to financially justify something like that,” Oman said, so that narrows the pool of possible buyers. But they’re out there, he said, and the home has garnered interest from both in-state and out-of-state shoppers. He said some buyers are “interested, and we’re still continuing to discuss the property with them.”
“You know, everybody wants it,” Oman added. “But it’s just who can afford it, right?”
Hobble Creek Ranch was originally built in 2007 as a vacation home for its current owners, who now live in it as their primary residence, according to Oman. He told the Deseret News they wish to keep their names private.
The main residence has seven bedrooms, 10 bathrooms, formal living and dining rooms, a gourmet kitchen, an office, theater room, multiple entertainment spaces, an exercise room and an elevator. It also has an attached three-car garage. At first entry, visitors are greeted by a grand entry with marble floors, curved stairways and a crystal chandelier. Throughout the home, the French-inspired decor is full of light colors and luxurious furnishings.
The property has a 3,150-square-foot pool house with an indoor pool and hot tub. There’s also a 2,500-square-foot guest house above a detached four-car garage. The grounds feature a tennis court, ponds, fountains and bronze statues. And there’s a huge, 11-bay garage, a hay storage structure and a horse shelter with fenced pastures.
While the home is “incredible,” it’s the surrounding land that makes the property truly “spectacular,” Oman…