Image Courtesy of Engel & Völkers International Real Estate
Seattle-based Avatar Financial Group LLC (Avatar) has provided an $8.75 million bridge loan to custom home builder Iluminus Group to complete the construction of a 17,500-square-foot ski mansion in Park City, UT. The property, currently being resold for a listing price of $50 million, is the most expensive home for sale in Utah.
Called “Monitor’s Rest At the Colony”, the ski-in/ski-out estate is located in the Colony at White Pine Canyon gated community at the base of Monitor Bowl. The home’s outer structure and roof were completed when Avatar provided the 18-month loan allowing Iluminus to complete the interior finishes.
The compound’s features include copper cladding and a wellness-intelligence system that provides circadian rhythm lighting which promotes productivity and balance. The home includes a water and air filtration system, sauna, steam room, massage room, stainless steel hot tub, indoor-outdoor lap pool, sport court and a single-lane bowling alley.