Vacant Luxury Lots

$5+ MILLION

The demand for vacant luxury lots in 2021 did not decrease even though the number of sales did (down 11%) when compared to year end 2020. Sales totaled 25 transactions with a dollar volume of $219 million (up 6%). Five sales occurred on the Westbank; eleven sales occurred in the Gros Ventre Buttes; three North of Jackson; and six South of Jackson.

Vacant Luxury lots under contract are on par with 2020 with three lots under contract at an average listing price of $7.73 million. NOTE: Two are 35+ acres.

As previously discussed, several factors accelerated sales of luxury lots. Current luxury home inventory is down 4% with only three homes built in the last 10 years. NOTE: Only two of the 25 luxury homes currently listed sit on 35+ acres.

HOT SPOT

For the second year in a row, the Gros Ventre Buttes enjoyed the most luxury lot sales in 2021 with 11 luxury parcels (up 38%) for a total dollar value of $113 million.

CURRENT LANDSCAPE

Available inventory of luxury lots is down 12% at the end of 2021 with a total of six single-family luxury home sites currently listed. With an average list price of $9.9 million (up 18%) and a median list price of $6.9 million, available inventory breaks down into the following: five lots listed between $5 and $10 million and one at more than $10 million.

Of the six listings, none offer 35+ acres.

MOST EXPENSIVE

LOT SALE

Pine Meadow - Fish Creek

LIST PRICE: $10.8 MILLION

A truly rare opportunity to own a blank canvas on the banks of the East Fork of Fish Creek in Wilson. This property boasts spectacular Teton Views, with unrivaled privacy afforded by mature spruce and willows, convenience, and ease of access. The site borders conservation easement land to the North and has private creek frontage, a spring-fed pond, and an additional spring creek on the property. With power and fiber optic internet running along the southern edge of the property, this is an excellent opportunity for someone to build a legacy home in one of the most sought-after locations in Jackson Hole.

MOST EXPENSIVE LOT LISTING

AT THIS TIME

Saddle Butte Heights Lot 102

LIST PRICE: $8.5M

Presenting an impeccable 23.66 acres atop Saddle Butte located just above the heart of Jackson Hole. This expansive blank canvas is ready for you to design your dream home with unobstructed views of the entire Teton Range and protected ranch lands below. The fully paved meandering road to the top guides you above the clouds for your own bird’s eye view of the valley below. Your morning coffee indulgence will be accompanied by soaring osprey and eagles, while spectacular sunsets unmatched by nearly anywhere else in the valley can be enjoyed as twilight sets in. Saddle Butte gives you the sense that you are truly living among the Rocky Mountain peaks, where you can experience hiking out of your back door while enjoying the convenience of a short jaunt to Town below.

172 Center Street | Jackson Hole, Wyoming AltamiraArt.com | 307-739-4700