Heritage Capital Presents
White Wolf Fund I
White Wolf Estates
Heritage Capital is developing, building and selling 100 semicustom homes in Park City’s newest residential community. White Wolf Estates offers a desirable location, luxury and lifestyle
With our long-standing business and personal relationships with a handful of the top real estate developers in Utah, we have secured an LOI on 100 lots for $10MM under the appraised land value.
This is a 3 year project, with a projected 27.50% investor return.
Project Snapshot
Investor Details
About White Wolf Estates
100
Homesites
1 acre
Avg. / Home
40 min
Salk Lake Int'l Airport
Top 7 /10
Ski & Golf
White Wolf Estates is Park City’s newest residential community, offering desirable location, luxury and lifestyle.
Thoughtfully situated by Park City Resort, the largest ski resort in North America, and Deer Valley Resort, known as the most luxurious ski resort in the country, this community provides access to tremendous year-round outdoor activities. The Greater Park City Area offers 7 of the top 10 golf courses in the state, and the newly announced Tiger Woods golf course, will be located adjacent to White Wolf Estates.
The development is strategically located just a 20 minute drive from downtown Park City, Utah, and a convenient 40-minute commute from Salt Lake City International Airport.
This project comprises of purchasing 100 finished lots, developing and building single family homes. The entire development unfolds across six phases, comprising of 751 homesites. Phase 1 was completed in Spring of 2024, and all 150 completed homes were presold prior to completion.
These large homesites, impeccable amenities and an unmatched lifestyle are what set the White Wolf Estates community apart from the rest.
2,550
acres
Nestled in the Shadow of the Wasatch and Uinta Mountains lies White Wolf Estates, a 2,550-acre paradise.
5.2
square miles
White Wolf Estates rests on a plateau with expansive views of all 5.2 square miles of the Jordanelle Reservoir.
30+
miles of trails
Over 30 miles of groomed trails for mountain biking, hiking, ATV-ing, or cross country skiing.
40
minutes
Just 40 minutes from Salt Lake City International Airport.
229
days of sunshine
On average, there are 229 sunny days per year in the Park City area, with the overall US average being 205.
335
inches per year
Park City and the surrounding areas see a average of 300 to 400 inches of snowfall annually.
Comparable Developments
Communities adjacent to White Wolf Estates with similar features are selling homes for an average of $990 per square foot.
We are able to offer home buyers the same lifestyle and comparable amenities for an average price of $800 per square foot.
White Wolf Estates
Total Entitled Homesites
752
Avg. Sale Price / Sq. Ft.
$800
Salt Lake City Int'l Airport
40 min
Park City Resort
25 min
Victory Ranch
Total Entitled Homesites
350
Avg. Sale Price / Sq. Ft.
$1,085
Salt Lake City Int'l Airport
50 min
Park City Resort
30 min
Tuhaye Golf Course
Total Entitled Homesites
700
Avg. Sale Price / Sq. Ft.
$998
Salt Lake City Int'l Airport
45 min
Park City Resort
20 min
Promontory
Total Entitled Homesites
1,924
Avg. Sale Price / Sq. Ft.
$887
Salt Lake City Int'l Airport
80 min
Park City Resort
120 min
Planned Amenities
Utah - Fastest Growing State in U.S.
Utah is expected to outpace national growth rates for the next three decades. Estimates show that Utah’s population will grow to 4 million by 2032, and 5,450,000 by 2060. This is close to a 66% increase over a forty-year period which will add significantly to the overall economy of Utah.
Population Growth
in the next 8 years
15%
Even though Utah is one of the fastest growing states in the country, it's housing shortage has created an abnormally high demand for single family homes. Utah has been in an increasing housing shortage for the past 14 years.
+28,000
to keep up with demand
New Homes / Year
The supply of residential real estate in Utah has been decreasing since 2012. Since 2014, the average days on market for a single family home has decreased from 45 days to 12 days - nearly a 74% decline in a 10 year period.
Avg. Days on Market
single family homes
12
Wasatch County | Greater Park City
60% of single family homes in the greater Park City area are 2nd or 3rd residences, or rental properties. White Wolf Estates development is tailored to those looking to purchase vacation homes, rental properties, or their dream homes. Investors benefit from an isolation of interest rate factors due to the nature of the buyers - most buyers in the Park City area are all cash buyers.
Single Family Homes
2nd+ homes or rentals
60%
Wasatch County is the home to Park City Resort, the largest ski resort in North America, and Deer Valley Resort, known as the most luxurious ski resort in the country. The Greater Park City Area offers 7 of the top 10 golf courses in the state, and the newly announced Tiger Woods golf course, will be located adjacent to White Wolf Estates.
Top 7 /10
in the Nation
Ski & Golf Resorts
Park City, which is already the nation's second-most wealthy micropolitan area, is seeing a significant increase in median household income. Over the past 2 years, household income has increased by almost 9%, and is on track to follow this trend.
Household Income Increase
over past 2 years
9%
View White Wolf Estates' Progress
Videos courtesy of Benloch Ranch, June 11 2024, https://www.youtube.com/watch?v=uPX2za9IrVU