Yeah, energy costs are killer up there. We averaged around $500 per month for water/electricity in our ski lease in Base Camp last winter. We never used electric heat (wood stove) and pretty much turned everything off when we weren't there (which was pretty much only weekends).
This season, we're going to be in a different place, and the owner and me have been working on making everything super energy efficient: fluorescent bulbs througout, energy efficient fridge/stove/microwave, water efficient toilet bowls, low flow shower heads, etc. Despite that, given the rising gas prices and the fact that Kirkwood runs on Diesel, I still expect around $600-700/mo this season.
At any rate, let's hope they finally get the grid-connection figure out.
Not sure what the town homes are going to sell for. From what I know, that market up there is pretty bad right now, to the point where some of the previously hyped construction projects have been on ice all summer -- the expansion of the home owners gym near Red Cliffs, the construction of the Expedition Lodge, as well as some other projects. They haven't even spent the money to cover it up -- you'll most likely see the same ugly construction sites all next winter.
Based on that, I don't think there's too much demand for luxury homes up there at the moment, so you may be able to get a bargain at the auction. I've seen the places driving by, it's a pretty decent location (particularly since the focus for some future projects is towards the Timber Creek area...).