Park City
Park City / Wasatch Back (Park City + Heber + Midway + Kamas)
Premium ski + Sundance arbitrage. Tightly zoned in Park City Municipal, permissive in Summit Co unincorporated (Canyons Village) and Wasatch Co (Heber/Midway). Winter ADR ~$410 aggregate, Sundance week 5-10x baseline. Park City land cost is brutal — Heber/Midway is the realistic arbitrage entry. 2025 TRT down 9% YoY and Sundance moves to Boulder in 2027 — material headwinds.
Park City Municipal restricts STR to specific resort/commercial zones with mandatory license + inspection; Old Town and most residential zones limit or prohibit. Summit Co unincorporated (Canyons Village) is permissive. Heber requires license and limits to resort + mixed-use; Midway permissive in Resort Zone. UT has no operator-protective preemption.
Park City deep-dive: full report ships with your first pack.
Permitted zones, banned zones, HOA-permissive buildings, friendly PMs, ADR/LTR benchmarks, seasonality, and red flags — all delivered alongside your 50 ranked leads.