Vacant Luxury Lots

from Jackson Hole Luxury Report Volume 9, Edition 2

Meet the Team

$5+ MILLION

The demand for vacant Luxury lots to date in 2021 is up 86% when compared to mid-year 2020. Sales totaled 13 transactions with a dollar volume of $110 million (up 108%). Four sales occurred on the Westbank; six sales occurred in the Gros Ventre Buttes; one North of Jackson; and two South of Jackson.

Vacant Luxury lots under contract are down 20% compared to mid-year 2020, with four lots under contract at an average listing price of $9.2 million. NOTE: All four are 35+ acres.

As previously discussed, several factors accelerated sales of Luxury lots. Current Luxury home inventory is down 52% with only five homes built in the last 10 years. NOTE: Only five of the 32 Luxury homes currently listed sit on 35+ acres.

HOT SPOT

Gros Ventre Buttes enjoyed the most Luxury lot sales by mid-year 2021 with six Luxury parcels for a total dollar value of $48 million.

CURRENT LANDSCAPE

Available inventory of Luxury lots is down 63% at mid-year 2021 with a total of seven single-family Luxury home sites currently listed. With an average list price of $11.16 million (up 44%), and a median list price of $9.75 million (up 42%), available inventory breaks down into the following: four lots listed between $5 and $10 million, two listed for $10.25 million, and one for $25.5 million.

Of the seven listings, four offer 35+ acres.

MOST EXPENSIVE LOT SALE TO DATE

Bar BC Ranch Parcel 5

LIST PRICE: $8.75 MILLION

Bar BC Ranch parcel 5 is a 35-acre parcel within a 850+ ranch in Spring Gulch. The Ranch borders both the Snake and Gros Ventre rivers and is one of the few gated communities in the Valley. Parcel 5 has an elevated building site with a unique, mature grove of aspens within the building envelope, Teton and Sleeping Indian views, and wetland overlooks. The sale price was not disclosed to MLS, and the developer parcel has been on and off the market for nine years.

Hoback Vistas Lot 1

FEATURED LUXURY HOME LISTING

LIST PRICE $5,295,000

Located just 20 minutes South of Jackson, this gorgeous sought after 6-acre property borders National Forest. Expansive mountain views and complete privacy make this home one of a kind. Completely remodeled in 2016, the interior boasts stunning views and a wide open floor plan. Reclaimed wood, expansive closets, hardwood throughout and brand new appliances create an unparalleled modern mountain lodge feel. Bonus storage/playroom and exercise room, full bar in lower living room, perfect for entertaining. The backyard offers a full stone fire pit, large treehouse and swinging bench overlooking the entire valley and Hoback river. This gorgeous estate is truly one of a kind!