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We can dream, can’t we?
From Aspen to Park City, ski country real estate is full of over-the-top, extravagant homes.
Sure, the reasonably priced, cozy A-frame cabin on 20 acres still exists, but you’ll likely find more homes worth $2 million than $200,000 if you want to own anywhere near a resort.
Even though most of us will never buy a luxurious ski home, that doesn’t mean we can’t look. Today’s modern ski homes range from oversized log cabins to brand-new, contemporary builds.
Some sit on massive compounds with hundreds of acres—although the land will cost you—while others are located on prime, ski-in/ski-out lots. But no matter the style of home, all deliver on amazing views and some gorgeous real estate eye candy.
Behold, 10 extravagant ski homes available for purchase, right now.
In Sun Valley, Idaho:
If a ski compound is more your thing, check out this 120-acre property with three residences on site. Plenty of oversized garages, a heated pool and spa—including a pool house, naturally—and extra perks like a tennis court come with the 7 bedrooms, 8 baths, and 10,067 square feet. How much will this beauty cost you? The price is available for serious buyers only.
The New York Times is as excited about the opening of the Limelight as we are! See what they have to say in their recent piece: By Elaine Glusac
NOVEMBER 30, 2016
Overnight options in ski country will expand across the range beginning with the new Limelight Hotel Ketchum in Idaho, gateway to Sun Valley Resort. Owned by Aspen Skiing Company and opening Dec. 16, the 99-room lodge in Ketchum’s very walkable downtown will include outdoor hot tubs and a swimming pool, firepits and a lounge with regularly scheduled live music as well as free shuttles to the ski area and free use of fat-tire bikes and snowshoes (rooms from $240).
November 15, 2016
Alaska Airlines to use Advanced Technology to improve Sun Valley airport access New procedures will increase reliability and reduce weather-related diversions by 95 percent SEATTLE — Alaska Airlines’ sister carrier, Horizon Air, has received approval from the Federal Aviation Administration (FAA) to begin using its proprietary Required Navigation Performance (RNP) instrument approach procedure at Friedman Memorial Airport near Sun Valley. The procedure is expected to reduce weather-related diversions by 95 percent allowing Horizon to have the best access to Sun Valley of any airline. It is projected to reduce diversions for Horizon from an average of 40 to 50 per year down to one to two estimated diversions per year.
RNP technology allows aircraft to follow precise three-dimensional curved flight paths through difficult terrain using a combination of onboard navigation technology and the Global Positioning System (GPS) satellite network. It allows aircraft to fly safer flight paths, provides more reliable landings, and eliminates reliance on ground-based navigation aids. This enables pilots to navigate aircraft more precisely and efficiently, while also being able to fly to lower altitudes in to airports where limited visibility upon approach is common due to weather and characteristics of the terrain.
This effort, which has been in development for more than 10 years, will allow Horizon to deliver more reliable service for its valued customers. Additionally, the company expects to save up to $600,000 a year by completing flights that would have would have otherwise been diverted or cancelled due to weather. Alaska and Horizon Air are the only major U.S. carriers with a fully RNP-equipped fleet and fully-trained flight crews. “Just in time for the ski season and holiday travel, the expected improvement in reliability this brings to our airport during inclement weather will greatly benefit our customers traveling to the area as well as local residents,” said Chris Pomeroy, airport manager at Friedman Memorial Airport. “This is a fantastic complement to the other recent facility improvements, including our newly renovated passenger terminal and new concessions.”
The Trump effect. How will it impact the US economy and housing?
By Matthew Gardner, Chief Economist, Windermere Real Estate
The American people have spoken and they have elected Donald J. Trump as the 45th president of the United States. Change was clearly demanded, and change is what we will have.
The election was a shock for many, especially on the West Coast where we have not been overly affected by the long-term loss in US manufacturing or stagnant wage growth of the past decade. But the votes are in and a new era is ahead of us. So, what does this mean for the housing market?
First and foremost I would say that we should all take a deep breath. In a similar fashion to the UK’s “Brexit”, there will be a “whiplash” effect, as was seen in overnight trading across the globe. However, at least in the US, equity markets have calmed as they start to take a closer look at what a Trump presidency will mean.
On a macro level, I would start by stating that political rhetoric and hyperbole do not necessarily translate into policy. That is the most important message that I want to get across. I consider it highly unlikely that many of the statements regarding trade protectionism will actually go into effect. It will be very important for President Trump to tone down his platform on renegotiating trade agreements and imposing tariffs on China. I also deem it highly unlikely that a 1,000-mile wall will actually get built.
It is crucial that some of the more inflammatory statements that President-Elect Trump has made be toned down or markets will react negatively. However, what is of greater concern to me is that neither candidate really approached questions regarding housing with any granularity. There was little-to-no-discussion regarding housing finance reform, so I will be watching this topic very closely over the coming months.
As far as the housing market is concerned, it is really too early to make any definitive comment. That said, Trump ran on a platform of deregulation and this could actually bode well for real estate. It might allow banks the freedom to lend more, which in turn, could further energize the market as more buyers may qualify for home loans.
Concerns over rising interest rates may also be overstated. As history tells us, during times of uncertainty we tend to put more money into bonds. If this holds true, then we may see a longer-than-expected period of below-average rates. Today’s uptick in bond yields is likely just temporary.
Proposed infrastructure spending could boost employment and wages, which again, would be a positive for housing markets. Furthermore, easing land use regulations has the potential to begin addressing the problem of housing affordability across many of our nation’s housing markets – specifically on the West Coast.
Economies do not like uncertainty. In the near-term we may see a temporary lull in the US economy, as well as the housing market, as we analyze what a Trump presidency really means. But at the present time, I do not see any substantive cause for panic in the housing sector.
We are a resilient nation, and as long as we continue to have checks-and balances, I have confidence that we will endure any period of uncertainty and come out stronger.
Discover some of our favorite activities in Sun Valley, Idaho, as they happen by day and night.
Photographs by Ian C. Bates Written by Gulnaz Khan
The charming resort city of Sun Valley in central Idaho offers something for every type of adventurer. Spend warm summer days hiking wildflower-filled trails and biking scenic mountain paths, and brisk nights bowling at the lodge or sipping whiskey at the pub. As the leaves turn golden and frost settles over the valley, ski, snowboard, and ice-skate by day, and cozy up by the fire with a cup of hot cocoa for a relaxing evening.
Hike or horseback ride up Dollar Mountain to watch Sun Valley’s magical landscape transform as the sun goes down. During the day rolling clouds cast the wild scene in light and shadow. As the evening sky darkens into denim, Ketchum’s speckled streetlights create a glittery display.
Painters spend the afternoon capturing the Sun Valley’s sweeping landscape, immortalizing its golden grasses, evergreen trees, and layered mountains on canvas. In the evening, spectators can view nature through an artist’s eyes with a visit to the Gail Severn Gallery in Ketchum, which features artists like Michael Gregory.
A great day in Sun Valley begins and ends on Main Street, which offers an eclectic array of boutiques and restaurants for all tastes. Start the day with a steaming cup of joe at Lizzy’s Fresh Coffee, and return in the evening for some hand-tossed pizza, cold beer, and football at Whiskey Jacques.
Fly fishers cast their lines into the rushing waters of the Big Wood River, which stretches 137 miles through central Idaho. Even if you don’t hook a trout, you can still sink a ball during a late night a game of pool at Casino bar in Ketchum.
The early morning sun shines over the rolling meadows, lodgepole forests, and Boulder Mountain Range along the 19-mile Harriman Trail. After a day of mountain biking, give your legs a rest with a windows-rolled-down drive back to town, and watch the mountains transform as night settles over Bald Mountain.
Paragliders satisfy their thirst for adventure on Bald Mountain’s ivory slopes underneath cotton-white clouds. Down the mountain, patrons of the cozy Sun Valley Lodge get their heartbeats going with a spirited game of bowling in one of the Northwest’s oldest alleys.
Bathers luxuriate the day away in one of the area’s plentiful natural hot springs, which reach piping temperatures of 124ºF. Continue your aquatic adventures at night with a dip in the heated pool at the Sun Valley Lodge.
Skaters glide across the outdoor ice rink at the Sun Valley Lodge, admiring the mountainous backdrop. After a day on the ice, grab a hot cocoa and gaze into the star-speckled sky.
Five Days. Forty Bands. One Million Smiles
Attendees from all fifty states, every Canadian province, and several foreign countries gather each October to celebrate live performances of America’s music. The Sun Valley Jazz & Music Festival was birthed out of a love and appreciation for jazz music by Tom & Barbara Hazzard and is being held October 19th through 23rd this year in Sun Valley.
Celebrating its 20th year in 2016, the Festival has expanded greatly from its humble beginnings, yet the goals and objectives of the Festival remain the same—preserving the stories and history of sheep ranchers and herders, celebrating the rich cultures of the past and present, and entertaining and educating children and adults about the production of local food and fiber that have sustained local economies for generations.
The Festival is five days of nonstop family events including multicultural performers, storytelling, culinary events and cooking classes, a Fiber Festival, Championship Sheepdog Trials, a Sheepherder’s Ball and the Big Sheep Parade with 1,500 sheep trailing down Main Street in Ketchum, Idaho.
We invite you to join us this year for the 20th Annual Trailing of the Sheep Festival – sheep, stories, music, food, hikes and history. October 5th through October 9th.
This year, the Baldy Hill Climb is taking place Saturday September 24th, 2016.
The Baldy Hill Climb, hosted by the Sun Valley Ski Education Foundation, is an annual 1.9 mile, gut-wrenching, uphill climb in Sun Valley, Idaho. Hundreds of athletes from a variety of backgrounds, compete against one another to be crowned King/Queen of the mountain by climbing 3,200 vertical feet in 1.9 miles to the top of Baldy Mountain in Sun Valley, Idaho. Beginning from the bottom of Bald Mtn., the primary ski mountain of the Sun Valley Resort, racers climb their way straight up the face to reach the summit of the steep ski hill.
The Baldy Hill Climb consists of 5 different categories that caters to every individual, spanning from little tikes, to sports enthusiasts, to Olympians. Whether you are a competitive, world-class athlete or just looking to push your body, the Baldy Hill Climb offers something spectacular for everyone.
Private and public infrastructure is keeping pace
In 1996, the population of Hailey was about 5,400. Today, it is about 8,000. In contrast, Ketchum’s population in that same period has dropped by 100 so that it’s now less than 2,700.
The private infrastructure of Hailey is keeping pace with the city’s growth, as evidenced by the major construction projects at the Natural Grocers building to open this fall/winter; the expansion of King’s variety store on North Main Street, also with a projected fall/winter opening; a new $900,000 headquarters for Evans Plumbing in Hailey’s light industrial area; and The Cottages of Sun Valley, an assisted living and memory care facility in north Hailey, to be completed in 2017. There are two more proposed buildings: the new Wiseguy Pizza building and D.L. Evans Bank, both on Main Street.
The estimated investment in these new construction projects is $16 million.
Natural Grocers has more than 100 stores in the western U.S. and this one will provide the Wood River Valley with another grocery option. Only USDA-certified organic produce will be sold, as the company sells no produce grown with chemical fertilizers, pesticides, herbicides, and genetically modified plants.
The Cottages elder care will include 32 resodential suites, in two buildings for different kinds of care and will provide 30 new jobs for the Wood River Valley.
As well, there are the City of Hailey’s public infrastructure proposals, known as “Hailey Lighter, Quicker, Cheaper.” The proposals call for creating more parklets in the center core; striped bike lanes on River Street west to the Croy Canyon bridge; temporary neighborhood roundabouts to slow traffic; pedestrian crossing islands; and more Hailey and “way-finding” signage.
According to Community Development Director Lisa Horowitz, the first of the parklets in front of the Liberty Theatre on Main Street has already been installed at a cost of just under $11,000. All of the other “Hailey Lighter, Quicker, Cheaper” proposals are, according to Horowitz, “…in process and not prioritized” at the moment and will be presented to the Hailey City Councils for approval in the fall.
To see the city’s proposals, visit www.haileycityhall.org/planning/documents/CCHandout.pdf
By Dick Dorworth tws