Red Ledges tops $33M during its inaugural sale

Red Ledges, a private recreational community in the Heber Valley, said it sold more than $33 million in property during its inaugural home-site selection event when 61 custom home sites were purchased.

The average sales price was more than $500,000, with sites ranging from one-third of an acre to two acres.

The two-day event was hosted by the project's managing owners, M. Anthony Burns, retired chairman, president and CEO of Ryder System Inc., and Nolan Archibald, current chairman, president and CEO of Black & Decker. Also attending were key partners on the development's amenities, including Jack Nicklaus, who is designing the Jack Nicklaus Signature Championship Course; tennis legend Cliff Drysdale, who is establishing the club's tennis academy; golf instructor Jim McLean, who will be running the golf academy; and architect Bill Zmistowski.

The development will feature more than 1,200 homes on nearly 2,000 acres.