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    Deer Valley Land Opportunity Title is generated by Realmo AI

    3755 Rising Star Lane lot 4, Park City, UT 84060

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    Claim this Listing
    For Sale
    $4,250,000

    LAND - Park City, UT

    Lot size:
    5.14 Acres
    Added:
    Jan 12, 2026
    Days on Market:
    117
    Last Refresh:
    May 9 at 6:06 am

    Property Features for 3755 Rising Star Lane lot 4

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    Mste-4
    Lot size
    5.14 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Lot 4 Morning Star Estates Subdivision;According To The Official Plat On File In The Summit County Recorders Office Cont 5.14 Ac 837-15 (Ref:953-01) 974-448 1733-1867 2287-1377 2594-523 Paul G Haaga III Trustee Of The Paul G Haaga III Separate Prope
    Tax Annual Amount
    11062

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Matthew J Magnotta

    Listing agent Matthew J Magnotta

    Listing office Christie's Int. RE VUE 1790 Bonanza Drive Suite 201, Park City, UT

    Listing date Jan 12, 2026

    MLS# 12600093 Listing URL

    Copyright © 2026 Park City Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Largest vacant land parcel available in Deer Valley: 5.14 acres in a private, low‑density enclave.
    • Adjacent to protected open space, ensuring enduring privacy and long‑term view preservation.
    • South- and west‑facing exposure provides abundant year‑round sunshine and commanding views of Deer Valley Resort, Park City Mountain Resort, and Jordanelle Reservoir.
    • Flexibility to design a legacy estate with expansive indoor‑outdoor living.
    • Immediate access to world‑class singletrack trails for hiking, mountain biking, and snowshoeing.
    • Conceptual home plans available from Centre Sky Architecture Team, shortening the design and build timeline.

    Overview

    This is a rare opportunity to own a large parcel of land in Deer Valley. The property, located at 3755 Rising Star Lane, is the largest vacant land parcel currently available in Deer Valley, offering 5.14 acres within a private, low-density enclave. Rising Star Lane is known for some of Deer Valley's most significant estate properties. Adjacent to protected open space, the setting delivers enduring privacy and long-term view preservation. The gently sloping homesite features south- and west-facing exposure, capturing abundant year-round sunshine along with views of Deer Valley Resort ski runs, Park City Mountain Resort, and filtered Jordanelle Reservoir vistas. The parcel's size and orientation provide flexibility for designing a legacy estate with expansive indoor-outdoor living. Immediate access to world-class singletrack trails supports a four-season lifestyle, including hiking, mountain biking, and snowshoeing directly from the property, while remaining just minutes from Historic Main Street Park City. Conceptual home plans are available from Centre Sky Architecture Team, offering an advantage for a buyer looking to shorten the design and build timeline. The property is located in Park City, Utah, with the postal code 84060, in Summit County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Hotel & Motel Travel Agency

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Park City
    County
    Summit
    State
    Utah
    Longitude
    -111.467847
    Latitude
    40.658389

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    FAQs

    What type of property is this?
    Residential land & home lot - Large vacant land parcel in Deer Valley with exceptional views.
    Where is this residential land & home lot located?
    The property is located at 3755 Rising Star Lane lot 4 Park City, UT.
    What is the asking price?
    The asking price for this property is $4,250,000.
    What are key features of this property?
    This property features: Largest vacant land parcel available in Deer Valley: 5.14 acres in a private, low‑density enclave.; Adjacent to protected open space, ensuring enduring privacy and long‑term view preservation.; South- and west‑facing exposure provides abundant year‑round sunshine and commanding views of Deer Valley Resort, Park City Mountain Resort, and Jordanelle Reservoir.
    (435) 602-0904
    We can help!
    Listing Contact
    Matthew J Magnotta
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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