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US real estate of interest to skiers - just for fun

post #1 of 21
Thread Starter 

US real estate of interest to skiers.

Sorry if any links go dead.

 

A couple for $500K, in Gardnerville, NV area, within an hour of Heavenly ski area

 

http://listings.listhub.net/pages/NNRMLS/90005758/?channel=yahoo

 

http://realestate.yahoo.com/Nevada/Gardnerville/550-jackson-ranch-rd:7d185068a4f78cb9d187ecb7d388cc71

 

$319K, Evergreen, CO, within an hour of Loveland http://listings.listhub.net/pages/METROLIST/878340/?channel=yahoo

 

$325K, unfinished house @ Brian Head ski area, UT http://stgeorgeut.prustgeorgerealty.info/details/start.aspx?propid=043W09-112515&VIP=ClassYahoo&syndication=true

 

$188K, Eden, UT, furnished townhouse within half hour of Powder Mtn and Snowbasin http://www.utahhomes.com/Property/PropertyDetails.aspx?PropertyID=90702&WT.MC_ID=072110000000000&WT.srch=1

 

$299K, Littleton, NH, within half hour of Cannon Mtn http://listings.listhub.net/pages/NNERENNH/2821111/?channel=yahoo

 

Anybody else play this websurf game?? Post 'em up.

post #2 of 21

All still overpriced by about 30%.

post #3 of 21
post #4 of 21
Thread Starter 
post #5 of 21

Show me North Lake Tahoe 

post #6 of 21
Thread Starter 
post #7 of 21
Quote:
Originally Posted by Mr. Vertical View Post

This one is only 20 mins from Copper & 10 fromn Ski Cooper, http://americantowns.trulia.com/property/3010544020-1840-Gold-Dr-Leadville-Co-80461-Leadville-CO-80461

If I hit the lotto I'll buy this one
 

post #8 of 21


I hope you have earplugs handy since it's pinned between the freeway and the railroad tracks.

Quote:
Originally Posted by Jamesj View Post

 

 

2bdrm/2bath "I'm beautiful inside" in TRUCKEE, CA for $269k:

http://tours.tourfactory.com/tours/tour.asp?t=605921&home=http://realestate.classifieds.yahoo.com&slink=-2

post #9 of 21
Thread Starter 
Quote:
Originally Posted by bullhorn View Post


I hope you have earplugs handy since it's pinned between the freeway and the railroad tracks.


 


SLEEP IS SO OVER-RATED
 

post #10 of 21
Thread Starter 

 

$99,000, Cottonwood Heights, UT, 2bdrm condo within 15 mins of Alta/Bird, Soli/Brighton

http://www.mlsfinder.com/kwls/kw/index.cfm?action=listing_detail&kw_id=4800942&domain=suziepickering.yourkwagent.com

 

$175K, Brighton, UT, 2bdrm Cabin very close to slopes

http://www.realtor.com/realestateandhomes-detail/Brighton_UT_84121_1119534333

 

$230K, Whitefish/Big Mountain, MT, 2bdrm condo about one mile from the slopes

http://www.realtor.com/realestateandhomes-detail/56-Tamarack-Lane_Whitefish_MT_59937_1113113874?source=hp

 

$235K, Manchester, VT, 2bdrm Cottage circa 1870 close to Bromley, Magic and Stratton Mtn ski areas

http://www.realtor.com/realestateandhomes-detail/77-Ways-Ln_Manchester_VT_05254_1119452990?source=hp

 

$250K, Flagstaff, AZ, 3bdrm Rancher about 20 mins from Arizona Snowbowl

http://www.arizonaquickfind.com/homepage.htm?in_listing=5665038&ref=yahoo

post #11 of 21

 

Wow, suddenly there are some really cheap listings near Whitefish Mountain Resort:

 

$275k

$385k

$450k
$445k

$419k

 

Those are all in my immediate vicinity.  Not right by the mountain, but within 15 minutes.  The one for $419 is within walking distance to the lake as well. 

 

Main website for more pics of those houses is www.nmar.com

post #12 of 21

Mammoth has been hit pretty hard.  I've been casually following the Westin Monache.  Prices STARTED at over $405k back in the day.  Today there is a studio offered at $175k (all offers considered!)...

 

http://www.trulia.com/property/3011425192-50-Hillside-Dr-344-Mammoth-Lakes-CA-93546

 

And here is a one bedroom that probably originally went for over $500k.  Now bank owned and offered at $214k...

 

http://www.mammothcondoblog.com/mls-for-sale/condos/102583.php

post #13 of 21

Jim, did you notice this detail?

 

 

Listing Price: $99,900
Annual Taxes: $80,011

Hopefully it's just a typo!

 

Mike

 

Quote:

Originally Posted by Jamesj View Post

 

$99,000, Cottonwood Heights, UT, 2bdrm condo within 15 mins of Alta/Bird, Soli/Brighton

http://www.mlsfinder.com/kwls/kw/index.cfm?action=listing_detail&kw_id=4800942&domain=suziepickering.yourkwagent.com

 

 

post #14 of 21

IMHO most mountain property is still overpriced compared to similar property on much of the Coast, the Ozarks, Texas lakes, TVA lakes or the Great Lakes region. I've compared golf course developments within an hours drive to a ski area to golf course developments in the Ozarks or near a TVA lake. My guess is the Mountain West development home will cost you a $100 per square foot more and is less likely to have city or utility district water, sewer and natural gas. Less likely to be landscaped. Less like to have curb and gutter and concrete drives and sidewalks.

I own ski resort property. It was over priced when I bought it and it's still overpriced today but it's ski-in ski-out. I a choice I made and I'm comfortable with it but hat's a whole different pricing situation.

The pricing I can't understand is the property  that's 10, 20, 40 miles from the ski area or near a major city in the mountains. It's property that was a ranch or farm a decade ago. It's timberland that was too steep to cut and now it's a golf development or subdivision. These are the properties that are really overpriced compared to similar property across the country.

Banks are still reluctant to sell property at the market value because it drives down the comps and drives down the value of their overall home loan portfolio. This resistance is beginning to break down in selected markets but for most of the West you see property in the MLS that's been on the market for hundreds of days and the asking price is still listed close to the original asking price.

post #15 of 21
Quote:
Originally Posted by steveturner View Post

...less likely to have city or utility district water, sewer and natural gas. Less likely to be landscaped. Less like to have curb and gutter and concrete drives and sidewalks.


You say that like those are good things.

post #16 of 21
Quote:
Quote:
Originally Posted by steveturner View Post

...less likely to have city or utility district water, sewer and natural gas. Less likely to be landscaped. Less like to have curb and gutter and concrete drives and sidewalks.

Originally Posted by iWill View Post




You say that like those are good things.

I'm with you.  I have well water, what would I want with CITY water, that chlorine-tasting stuff?  When I go on a trip now, I fill up bottles of water with stuff from my tap and bring it with me.  My house is off a dirt road (so the car gets dirty, it matches the other rigs in town), you have to drive across someone else's property to get to my house, and you can't see my house from the road.  I have all the privacy of a "gated community" I could ask for, but the only way to see my house is if you are a satellite, in a plane, or trespassing on someone else's land.  Why would I want sidewalks?  I have a septic tank.  It gets pumped every two years for $250.  I pay no city sewer rates or city water rates.  I have propane.  Theoretically if the one propane company charges too much I could switch to another provider.  There is no earthly reason why someone "off the city grid" could not be landscaped if they so chose.  One side of the house has some landscaping, the other is more "natural".  The main reason is for fire breaks, otherwise I'd have the forest right up to the house, frankly.  I don't care that the road isn't paved,  Frankly, our gravel road is nowhere near as slick in winter as the county paved road and we pay to maintain it ourselves so when we aren't happy we call the guy and he comes right away.  The county maintained road they do it when they get to it.  The city is the same way, they get to it when they get to it. 

 

I spent 25 years living in a condo community where they did all this "for" me.  The trade off was living on top of other people.  Now, even if the "next door" neighbor's dogs bark the whole damn day it isn't that loud, the robins are louder.  Easy choice. 
 

post #17 of 21

To each their own. Some like their coffee on the back porch at sunrise and others prefer it in a crowded Internet Cafe - that does not make one better than the other - just preferred by some. I was only trying to identify what I thought were some widely available amenities that would explain the type of property I was talking about.

If one prefers dirt roads, septic tanks, wells and propane to asphalt, gas, waster and sewer that's fine too. I own property with both and I prefer the utility service - again just personal preference.

Back to my original point on pricing, I don't think a large portion of the population will pay extra for "off the grid" so I don't think that's driving the mountain west market. If it is I just don't understand the market. That's why it's not what I used for comparing costs in the mountains to costs at other resort or vacation areas.

post #18 of 21

Well, one cost saving not discussed -- my taxes here for 5 acres (used to have a condo, so no acreage at all) and three times the square footage) are 60% of what my property taxes used to be.  Plus there are no homeowners' fees.  Maybe some of the extra cost for buying here is offset by the lower costs of other things. 

post #19 of 21
Thread Starter 

Sample of low end properties (not fractional, not deed restricted AFAIK) that are slopeside or near slopeside at major Colorado ski towns:

 

$229K, Vail, 1 bdrm condo, 400 sqft, on bus route about one mile from slopes

http://realestate.yahoo.com/Colorado/Vail/2099-chamonix-ln-2c:643a187ac948845cdf636140fc753767;_ylt=AgSZZrY1cHOHFu3smFMpp1dn47Qs

$249K, Telluride, 1 bdrm condo, 669 sqft, two miles from town on bike path

http://www.owners.com/CO/Telluride/35-Pilot-Knob-Ln-Unit-309/MPA1434/?src=ydf

$200K, Aspen, efficiency condo, 347 sqft, ski-in/ski-out at Buttermilk ski area (looks like a former motel)

http://listings.listhub.net/pages/AGSMLS/112907/?channel=yahoo

$130K, Crested Butte, 1 bdrm condo, 560 sqft, ski-in/ski-out at the ski area

http://www.homes.com/listing/97859126/

$176K, Steamboat, 2 bdrm condo, 841 sqft , about a half mile to ski slopes

http://steamboatspringsco.prudentialsteamboatrealty.net/details/start.aspx?propid=225C000126447&VIP=ClassYahoo&syndication=true#propertyMap

post #20 of 21

I don't think interest rates can get much lower!  I think you should jump on that CB unit!

post #21 of 21
Thread Starter 

Cautionary report from SAM on the state of ski resort real estate:

http://www.saminfo.com/issues/article.php?tid=3867

 

"For the moment, at least, we’ve seen the end of the frantic pre-sale events, the fast-track building projects, and the euphoria of using real estate as a cash cow to bankroll chairlifts, terrain expansions and day lodges. The party is over, but the hangover remains."

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