Silver Springs
About the area
Silver Springs occupies a flat, tree-lined stretch of the Snyderville Basin just off Highway 224, developed primarily during the 1980s and 1990s as one of the area's first large master-planned communities. The neighborhood is governed by a master HOA that maintains common areas, manages the two community lakes, and enforces the governing documents—including the covenant ban on short-term rentals that has become one of the community's defining characteristics. The terrain is comparatively gentle by Park City standards, with mature cottonwoods, aspens, and willows lining the streets and backing up to the neighborhood's signature water features. The build-out is essentially complete, meaning appreciation is driven by resale demand rather than new construction—a dynamic that has contributed to steady price growth. The 2025 median sale price of approximately $2.4 million reflects a roughly 10% year-over-year increase, with roughly 20 transactions recorded.
Silver Springs
Living in Silver Springs
Amenities & Lifestyle
Silver Springs residents have access to a layer of amenities that is genuinely uncommon in mountain communities. The master HOA maintains two freshwater lakes—Silver Willow Pond and the roughly 5-acre Southshore lake—available for non-motorized watercraft including kayaking and rowing. The neighborhood's eastern edge borders the Swaner Nature Preserve, 1,200 acres of protected wetland and open space managed by the Swaner EcoCenter. Tennis and pickleball courts are available at both Willow Creek Park and Matt Knoop Park. The Ptarmigan sub-HOA maintains a private pool for its approximately 20 townhome units. An extensive trail network connects directly to Basin Recreation facilities and Kimball Junction, and Kimball Junction retail—including Whole Foods Market, the Redstone commercial center, and the Outlets at Park City—sits approximately 2 miles from the neighborhood center.
Community Lakes & Parks
The two HOA-owned lakes at Silver Springs are a genuine rarity in the mountain West. Silver Willow Pond is maintained by the Northshore sub-HOA and accessible to Northshore property owners; the larger Southshore lake—approximately 5 acres—serves Southshore lot owners and offers the kind of calm-water kayaking and rowboat experience that is simply not available in most Park City neighborhoods at any price point. Both lakes are non-motorized, which keeps the environment quiet and the water quality high. Beyond the lakes, Willow Creek Park and Matt Knoop Park provide tennis courts, pickleball courts, basketball courts, volleyball courts, soccer fields, playgrounds, and a community garden. The neighborhood's shared boundary with the 1,200-acre Swaner Nature Preserve adds another dimension: paved and soft-surface trails lead directly into the preserve, where the Swaner EcoCenter serves as both a visitor center and an environmental education facility.
Getting Around
Silver Springs sits at a practical crossroads in the Snyderville Basin. Canyons Village is approximately 1 mile to the south—reachable in about 5 minutes by car or via the High Valley Transit SR-224 route, which operates fare-free service along the corridor. Park City's Historic Main Street is approximately 7 miles away, typically a 10-to-15-minute drive depending on conditions. Salt Lake City International Airport is reachable in roughly 35 to 40 minutes via SR-224 to Interstate 80. Kimball Junction's full retail and dining corridor is under 2 miles north, accessible on foot or by bike via the trail network during warmer months.
Are Short-Term Rentals Allowed in Silver Springs?
Short-term rentals are explicitly prohibited in Silver Springs by covenant language hardwired into the HOA's governing documents. This is not a city ordinance or a county licensing restriction that could change with a permit—it is a private covenant that runs with the land and applies regardless of Summit County's broader nightly-rental licensing framework. The ban applies community-wide and is one of the most frequently cited reasons buyers choose Silver Springs over comparable Snyderville Basin neighborhoods. The practical effect is a community composed almost entirely of full-time residents and traditional second-home owners rather than rotating rental guests. Buyers should always confirm current covenant language with the specific sub-HOA and a licensed Utah real estate attorney prior to closing.
Schools
Silver Springs is served by the Park City School District. Assigned elementary school is Parley's Park Elementary (grades K-5), which operates a Spanish Dual Language Immersion program and is within walking distance for residents in the Ptarmigan sub-area. Middle school students attend Ecker Hill Middle School (grades 6-8). High school students are assigned to Park City High School. School assignments should be verified directly with the Park City School District.
Silver Springs Sub-Areas & Subdivisions
- Northshore— owns and manages Silver Willow Pond and includes single-family lots along the pond's perimeter.
- Southshore— lakeside single-family lots fronting the larger 5-acre lake.
- Ptarmigan— the neighborhood's primary attached-product sub-HOA; approximately 20 townhome units, 3 to 4 bedrooms, roughly 2,500 to 2,800 square feet, built in 1990, bordering Willow Creek Park.
- Willowbend East & Willowbend West— additional sub-areas each with its own character and price range within the master community.
- Meadow Wild, Quail Meadows, and Silver Meadows— additional sub-HOAs rounding out the Silver Springs master community.
Silver Springs
Silver Springs Real Estate FAQ
The 2025 full-year median sale price in Silver Springs was approximately $2.4 million across roughly 20 recorded transactions—a year-over-year increase of about 10%. Current median list price is near $2.22 million at roughly $929 per square foot. Entry-level townhomes in Ptarmigan and comparable sub-HOAs begin under $1 million, while larger single-family homes on premium lots regularly exceed $3 million.
Silver Springs is approximately 7 miles from the north end of Park City's Historic Main Street, a drive of roughly 10 to 15 minutes via SR-224 under typical conditions. Canyons Village—the ski resort base area—is approximately 1 mile away, making Silver Springs one of the closer residential neighborhoods to that resort corridor without being directly adjacent to it.
The inventory spans single-family detached homes and attached townhome and condo product. Single-family homes range from approximately 1,600 to 7,200 square feet on lots of roughly 0.25 to 0.5 acres, with most construction dating to the 1980s and 1990s and some later remodels and additions. Townhomes—concentrated in Ptarmigan and a handful of other sub-HOAs—typically offer 2 to 4 bedrooms and 1,500 to 2,800 square feet.
Both Silver Springs and Jeremy Ranch are established Snyderville Basin communities developed largely in the same era, and both appeal to buyers seeking a quieter, more residential character than Park City proper. Silver Springs is defined by its two HOA lakes and direct borders with the Swaner Nature Preserve—amenities with no equivalent in Jeremy Ranch. Jeremy Ranch is known for its private golf course and generally larger lot sizes. Silver Springs carries a hard covenant ban on short-term rentals; Jeremy Ranch has its own HOA restrictions that should be reviewed independently.
Silver Springs skews more heavily toward full-time and traditional second-home ownership than most Park City neighborhoods, a direct result of its covenant-level short-term rental prohibition. The ban is structural—embedded in the HOA's governing documents rather than applied as an external regulation—which has kept the community's ownership base stable over time. Buyers who value an owner-occupied neighborhood character have consistently cited the rental ban as a primary reason for choosing Silver Springs.
