About 543 Park Avenue
The Washington School House is one of Park City's most iconic and irreplaceable properties. Built in 1889 as the city's first schoolhouse, this hand-carved limestone landmark now operates as a 12-room boutique property just one block from Main Street and 150 steps from ski access via Quit' N Time to the Town Lift.Historically protected and prominently positioned, the property offers rare flexibility. Continue operating as a boutique hotel, convert to a private single-family residence, establish a private retreat, or pursue a hybrid approach blending personal use with hospitality. The top-floor penthouse, accessed by private elevator, functions as a premier guest suite while also accommodating discreet extended owner stays.Grand living spaces anchored by a dramatic fireplace, curated ensuite accommodations, heated pool and spa terraces, and immediate access to dining, galleries, and year-round recreation define the experience.With the 2034 Winter Olympics set to place Park City on a renewed global stage, ownership represents control of a Main Street, ski-accessible asset in a market where comparable historic holdings are exceedingly rare.Main Street location. Ski access. Historic designation. Exceptional opportunity.
Features of 543 Park Avenue
| Price | $24,750,000 |
|---|---|
| Price/sq.ft | $2,104 |
| Square Footage | 11,763 |
| Acres | 0.34 |
| Year Built | 1889 |
| Type | Commercial Sale |
| Style | Historical, Updated/Remodeled, Multi-Story |
| Status | Active |
| MLS® # | 12403392 |
Community Information
| Address | 543 Park Avenue |
|---|---|
| Area | 01 - Old Town |
| City | Park City |
| County | Summit |
| State | UT |
| Zip Code | 84060 |
Amenities
| Utilities | Cable Available, 220 Volt Power, High Speed Internet Available, Natural Gas Connected, Electricity Connected |
|---|---|
| Features | Elevator, Handicap Access |
| Parking Spaces | 13 |
| Parking | Assigned, Guest, Covered |
Interior
| Heating | Heat Pump, Radiant, Forced Air, Boiler, Baseboard |
|---|---|
| Cooling | AC - Room |
Exterior
| Exterior | Stone |
|---|---|
| Roof | Metal |
| Construction | Complete |
| Foundation | Concrete Perimeter |
Additional Information
| Date Listed | August 13th, 2024 |
|---|---|
| Days on Market | 578 |
| Zoning | HR1-CUP |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Taxes | $38,809 |
Listing Details
| Office | Windermere RE Utah - Park City |
|---|
Price & Status History
| Date | Details | Change |
|---|---|---|
| Date: | Details: Price Reduced from $25,000,000 to $24,750,000 | Change: ↓ $250,000.00 (1.00%) |
| Date: | Details: Price Reduced from $28,000,000 to $25,000,000 | Change: ↓ $3,000,000.00 (10.71%) |
| Date: | Details: Price Reduced from $31,000,000 to $28,000,000 | Change: ↓ $3,000,000.00 (9.68%) |
| Date: | Details: Status Changed from to Active | – |
| Date: | Details: Status Changed from Active to | – |
More About 543 Park Avenue
This is a Commercial Sale property, located in the Park City MLS area of Old Town. 543 Park Avenue, Park City UT 84060 is approximately 0.34 acres. This is an Active listing that has been on the market for 578 days with a current price of $24,750,000. The average list price for other properties for sale in Old Town is $3,151,513. The average list price in Park City is currently $4,160,042.
To schedule a tour of MLS #12403392, please inquire with our local Park City Realtors. Visit our “COMMUNITIES" page to choose to view all listings in the Park City MLS area Old Town, or search for other nearby properties using our Map Search. Another great way to start your Park City home search is to check out our Top Picks and Best Buys.