The Promontory Development is a very vital and healthy subdivision in the Park City area!! "just Looking's" comments were not accurate and a good quality Realtor can help a buyer make better decisions, than by going off what an anonymous person like "Just Looking" says.
Promonotory has coming roaring back from it's Chapter 11 situation of 3-4 years ago. In the last 6 months, we have seen 22 closed homes, 9 pending home sales, 20 closed lots and 1 pending lot! That is amazing and reflects how much pent up demand there is for property in this great gate-guarded community with spectacular views of all 3 ski areas!
Another comment was made regarding property taxes being higher here than other similiar Park City properties. This is incorrect. What "Just Looking" was trying to say, most likely, is that if you are not a full time resident in Park City, you pay the standard tax rate. If you are a full time resident, you get a tax break which is roughly 50% of the non-resident rate. This in part, helps full time residents, afford Real Estate that might be higher than living in other metropolitan areas of the United States.
Soil issues: although I haven't heard of any major soil issues, a quality Realtor will also help eliminate any structural issues by insisting on a quality Home Inspection and I always demand a 1 year Home Warranty paid by the sellers. This policy kicks in for my new buyers if any of the covered items fail within 12 months of purchase.
Promontory continues to add amenities like the Shed, for it's members. The quality of life inside Promontory is amazing, varied, and full of recreational opportunities. A wonderful family environment where you can drop kids off to play at the Shed or pool areas for hours, and get on with your day. A short 10 minute drive into Park City and on hill amenties at the ski areas, make for a spectacular buy (especially with interest rates making current low prices even more of a value).
If you would like to know more, I can be reached at http://www.parkcityrealtygroup.com or email at email@example.com