N EW S Wednesday, February 10, 2016
185 West Broadway Jackson Hole, WY (888) 733.9009
www. jhsir .com
R E A L ES TAT E
®,™ and SM are licensed trademarks to Sotheby’s International Realty Affiliates LLC. An Equal Oppor tunity Company. Equal Housing Oppor tunity. Jackson Hole Sotheby’s International Realty is Independently Owned and Operated.
COMMERCIAL REAL ESTATE SUPPLY FACES SETBACKS
Town poised to reduce levels in response to housing pressure
benefits like long term price stability, lack opportunities in and around Jackson in of competition from new development, and jeopardy of enduring a further reduction, a very tax friendly state in which to derive neighboring counties have the potential to income.” gain. Recent commercial projects have found by Darren Kleiman, Associate Broker Further obfuscating the picture of sites in Alpine, Pinedale and eastern Idaho The pulse of the commercial real estate commercial development in the near future more appealing than working within the market in Jackson Hole continued with a are the pending reductions of commercial confines of regulations within Teton County. strong pace over the past 12 months. As zoning within the town core. Due to the The uncertain state of commercial zoning reported by the Teton County Multiple groundswell of demand for housing solutions within Jackson continues to affect small Listing Service, commercial sales activity saw within Teton County, and the town of Jackson business owners as well. With development an increase in unit sales (non-lease) volume in particular, town planners are pressed to projects focusing heavily on lodging and large of nearly 40% in 2015 over activity in 2014, maintain commercial zoning to 1994 zoning parcels, town inventory is enduring a chronic with the majority of the increase attributed to levels—approximately half of which has shortage of available commercial properties a surge in lodging and light industrial. Truly yet to be developed. In lieu of previously in sub-1,500 square foot storefronts and notable sales of 2015 reported to the MLS anticipated commercial upzoning, proposed office space. were the properties consisting of the Anvil changes to the draft zoning regulations Updated draft zoning is considered to be a and El Rancho Motels/Nani’s Restaurant would now shift the square footage towards priority item for elected officials with future opportunities for public comment expected. package, listed for $8,675,000 which closed housing-specific density bonuses. in November, and the United States Forest With the limited commercial development Service Parcel, listed for $12,000,000 which sold in October. Commercial real estate can sometimes resemble a well-kept kept secret in the Jackson Hole real estate market. When it comes to overall sales activity, a significant amount of transactions close without ever going through the multiple listing service, and for those that are in the MLS, in many cases the sale figures or capitalization rates are undisclosed, underscoring the importance of working with an agent experienced in commercial transactions. When asked to help shed light on commercial values, Bill Van Gelder, Associate Broker with Jackson Hole Sotheby’s International Realty says, “Cap rates have normalized in the 5% to 6% range depending on asset class. Buyers continue to pay more, relative to national options, for commercial properties in Jackson. Buyers Pictured Above (Clockwise): 3,300 square foot commercial condominium with highway frontage 3 miles south of Jackson (#15-2911); have shown a willingness to seek out niche Mixed-use commercial in Pinedale offers restaurant and bar, retail liquor license, offices, four hotel rooms and three undeveloped commercialcommercial markets like Jackson that trade zoned lots (#15-2793); .32 acres of urban commercial zoning with 11,400 square foot of existing retail space and Broadway frontage in off the initial rate of return for more subtle Jackson blocks from the town square (#14-1649).
RESIDENTIAL SPOTLIGHT | NEW AND NOTABLE LISTINGS FROM ACROSS THE VALLEY Town of Jackson
3 Bedrooms | 2 Baths | 1,860 Sq. Ft. | .02 Acres $975,000. #16-65
South Jackson Hole
3 Bedrooms | 2 Baths | 2,400 Sq. Ft. | 3.5 Acres $1,100,000. #16-61
Teton Village
3 Bedrooms | 3.5 Baths | 3,414 Sq. Ft. | .051 Acres $3,250,000. #16-130
FOR MORE AVAILABLE PROPERTIES HERE IN JACKSON HOLE AND AROUND THE WORLD VISIT WWW.SOTHEBYSREALTY.COM
PAGE 2
•
REAL ESTATE NEWS, Wednesday, February 10, 2016
PROPERTIES INSPIRED BY
living.
CONSIDER THIS OPPORTUNITY . . .
70 acres on the Snake River
These two developable 35 acre parcels offer river frontage, spring creeks and big mountain views in every direction. The perfect retreat close to the town of Jackson, just across the Snake River from Grand Teton National Park. $16,000,000. MLS # 15-1417
S PAC K M A N S & A S S O C I AT E S YOUR GUIDES TO THE JACKSON HOLE LIFESTYLE To view more information on our listings, please visit
W W W. S PAC KMANS INJH. C O M
(307) 739-8156 | SPACKMANS@JHSIR.COM
BABBS, BRANDON, DAVE, STEPHANIE, LIZ
REAL ESTATE NEWS, Wednesday, February 10, 2016
•
PAGE 3
Opportunities on the West Bank Your Guides to the Jackson Hole Lifestyle.
New Listing REVAMPED ASPENS DIGS
SKI-IN/SKI-OUT GRANITE RIDGE HOMESITE
An excellent opportunity to get into the JH real estate market, this open concept condo in an enviable location close to the front of the Aspens has two bedrooms, one bathroom and a very strong vacation rental history. $435,000. #16-145.
This beautiful home site offers ski area views, borders protected lands and has a natural mountain stream flowing through. Enjoy easy access to the ski slopes at the legendary Jackson Hole Mountain Resort. $2,495,000. #15-75.
GREENS PLACE GEM
POLISHED ONE LEVEL HOME
Located on highly desirable Greens Place, this well-maintained, custom four bedroom home offers comfort and elegance with Teton Pines country club amenities just across the ninth fairway. $3,750,000. #15-2970.
Updated in 2014, this one level home with over 4,800 square feet has five bedrooms, five and a half baths, hardwood floors, vaulted ceilings, a gourmet kitchen and is located on the 18th fairway of the Teton Pines golf course. $4,200,000. MLS #15-2575.
SLOPESIDE IN TETON VILLAGE
WATERFRONT SANCTUARY WITH A VIEW
The last remaining opportunity to build slopeside in the Granite Ridge neighborhood at the Jackson Hole Mountain Resort, this incredible lot is the quintessential locale for the mountain ski home of your dreams. $4,750,000. #15-1381.
Built with ageless grace, this Teton Pines Country Club home on a 1.2 acre lot with a beautiful pond has Teton views from every north-facing window, four en suite bedrooms, soaring ceilings, an elevator, lush lawns and gardens and so much more. $4,950,000. #15-1773.
SPACKMANS & ASSOCIATES Babbs, Brandon, Dave, Stephanie & Liz
SpackmansInJH.com Spackmans@JHSIR.com 307.739.8156
PAGE 4
•
REAL ESTATE NEWS, Wednesday, February 10, 2016
THE HISTORIC
LAZY MOOSE RANCH
Experience the beauty of Jackson Hole from this special property set along the banks of Fish Creek and rising along the rolling hillsides for exquisite views of the valley. Known as the Lazy Moose Ranch, this 128.01 acre property is immaculately maintained and boasts the rare privilege of Fish Creek frontage, providing the scenic and acoustic pleasures of live water, year round. Comprised of four parcels including 2 upper ranch parcels (70.51 acres and 44.21 acres) and 2 Fish Creek frontage parcels (7.31 acres and 5.98 acres), this property offers the owner an opportunity to reconfigure and/or split the property into additional parcels with development rights. MLS # 14-2988 & 15-3. Price Upon Request.
Tom Evans, Associate Broker Melinda Day, Sales Associate Valerie Conger, Sales Associate
307.739.8149 TomEvansRealEstate.com
John Hanlon, Associate Broker Linda Hanlon, Sales Associate 307.413.1874 BuyJacksonHole.net
REAL ESTATE NEWS, Wednesday, February 10, 2016
•
PAGE 5
Sanctuary
Find yours in Jackson Hole.
The Suncatcher
Living here, the sun will greet you at all times of the day. Completely remodeled in 2015, the bright and airy home features flowing spaces and is ideal for entertaining. Enjoy a spacious and private main floor master suite with mountain views. Three upstairs bedrooms with bathrooms finished in marble give this home comfortable livability. Quick access to the Jackson Hole Mountain Resort for world class skiing, Teton Pines for golf, tennis and restaurants and hiking in the Grand Teton National Park complete the Jackson Hole lifestyle. $2.600,000. #15-1525.
John Dodge Haven
Final Frontline Amangani Building Site
Charming Wilson Retreat
Turn-Key in Teton Pines
You’ll love listening to sounds of the freely, flowing creek from every room of this completely renovated John Dodge residence. Set among 4 acres of pristine lawns and huge conifers, you’ll enjoy your direct views of the Grand Teton. $6,250,000. #15-1860.
Nestle into this charming, cabin-style retreat! Located less than two miles from downtown Wilson, an adorable home and guest cabin are surrounded by 4.5 acres of pristinely manicured lawns, colorful flower beds, and towering trees. $2,950,000. #15-1576.
This is the final undeveloped front line, Teton view lot available in the Homes at Amangani. Experience powerful views across preserved ranch land and up the entire Teton Range from this 1.44 acre home site. $3,400,000. #14-1862.
Take advantage of this fantastic opportunity to own 6 planned weeks per year in a beautifully finished and centrally located Teton Pines condominium. Just a minute’s walk to the clubhouse, pool, tennis courts, and golf course. $225,000. #15-811.
Immerse yourself in the sanctuary of Jackson Hole. Mercedes Huff and her team deliver unparalleled service with an easy going approach. Let Mercedes, Laurie and Molly find your perfect Jackson Hole location.
MERCEDES HUFF, Associate Broker mercedeshuff.com | phone 307.739.8135
PAGE 6
•
REAL ESTATE NEWS, Wednesday, February 10, 2016
DISCOVER THE JACKSON HOLE LIFESTYLE Two SpecTacular properTieS - one Group Teton Mountain Lodge Current Offerings #112 #307 #227 #419 #301
1 1 1 2 2
of
experTS
To
Guide You
Hotel Terra Current Offerings
Bed / 2 Bath - $645,000 Bed / 2 Bath - $695,000 Bed / 2 Bath - $717,000 Bed / 3 Bath - $895,000 Bed / 2 Bath - $1,200,000
#522 #469 #272 #318 #559 #518 #467
1 Bed / 1 Bath - $575,000 1 Bed / 2 Bath - $725,000 2 Bed / 3 Bath - $900,000 2 Bed / 3 Bath - $919,000 2 Bed / 3 Bath - $950,000 2 Bed / 3 Bath - $995,000 3 Bed / 4 Bath - $1,500,000
AdditionAl ReAlty GRoup offeRinGs
Jackson Hole Ski Condo
in
teton VillAGe
Ski-In/Ski-Out Home in Teton Village
2 Bedrooms | 2 Baths | $695,000 | #16-79
5 Bedrooms | 5 Full, 2 Half Baths | $7,900,000 | #16-148
Full Ownership Condo at the Four Seasons
Best Priced Lot in Granite Ridge
Rob DesLauriers • 307.413.3955
Rob DesLauriers • 307.413.3955
Jeff & Kelli Ward • 307.690.0873 | 307.690.5286
2 Bedrooms | 2.5 Baths | $2,825,000 | #15-2909
Fantastic Building Site in Shooting Star 1.17 Acres | $2,850,000 | #15-2977 Jake Kilgrow • 307.413.2822
Rob DesLauriers • 307.413.3955
0.67 Acres | $2,295,000 | #14-249
Tramtower Townhome
3 Bedrooms | 4 Baths | $1,895,000 | #14-2777 Jake Kilgrow • 307.413.2822
ReAlizinG JAckson Hole dReAms
307.739.8070 | RGJH@JHSIR.COM | REALTYGROUPJH.COM
foR
ouR clients since 2003
ROB DESLAURIERS
KELLI WARD
JEFF WARD
JAKE KILGROW
307.413.3955
307.690.5286
307.690.0873
307.413.2822
REAL ESTATE NEWS, Wednesday, February 10, 2016
•
PAGE 7
RARE SLOPESIDE IN TETON VILLAGE The Mountain Chalet This ultra rare, true ski-in ski-out home presents the ultimate opportunity to own a quintessential luxury ski chalet on the slopes of the iconic Jackson Hole Mountain Resort. Boasting over 6,000 square feet of immaculate space with 4 bedrooms and 6 baths its a ski family’s dream home. $9,500,000 | #15-3021
Front Line Ski-In/SkiOut Building Site Extremely rare opportunity to acquire one of 4 remaining undeveloped true ski-in/ski-out building sites at the legendary Jackson Hole Mountain Resort. Featuring incredible light and unmatched views of the ski resort and across the entire snake river valley to the Sleeping Indian, Jackson Peak and Snow King mountain. $4,495,000 | #15-405
JAKE KILGROW
ROB DESLAURIERS
307.413.2822 jake.kilgrow@jhsir.com
307.413.3955 rob.deslauriers@jhsir.com
PAGE 8
•
REAL ESTATE NEWS, Wednesday, February 10, 2016
Jackson Land & Cattle Cutting Horse and Cattle Ranch
The Jackson Land and Cattle offers a very unique opportunity to secure a home and commercial horse and cattle facilities in an area famously known for its striking vistas, abundant wildlife and easy Western lifestyle. • World class equestrian ranch in Jackson Hole • 563 acres • 8 residential parcels, each of 35+ acres with development entitlements • 53 heated stalls with individual closets • 80’ x 200’ indoor heated arena
• Events Center • Four residences for staff housing • Numerous outbuildings including hay shed and shop • Indoor round pen • Dressage pad
• Large swaths of conservation land • Located in tax friendly Wyoming • Located 10 minutes from the Jackson Hole Airport and private FBO • Close to world class powder skiing and golf
www.JacksonHoleLandandCattle.com | MLS #15-797 | $35,000,000
Tom Evans, Associate Broker 307-739-8149 TomEvansRE@jhsir.com TomEvansRealEstate.com
Tom Evans - Melinda Day - Valerie Conger
REAL ESTATE NEWS, Wednesday, February 10, 2016
THREE RANCH SITES IN 2015
•
PAGE 9
D L O S
BAR BC RANCH | 35+ ACRE PARCELS With just a few remaining ranch parcels available,
opportunity is limited to be a part of this exceptional community
Ranch 1: SOLD Ranch 2: SOLD Ranch 3: SOLD Ranch 4: SOLD Ranch 5: available Ranch 6: SOLD
Ranch 7: SOLD Ranch 8: SOLD Ranch 9: SOLD Ranch 10: SOLD Ranch 11: SOLD Ranch 12: available
Ranch 13: SOLD Ranch 14: SOLD Ranch 15: SOLD Ranch 16: SOLD Ranch 17: SOLD Ranch 18: available
Tom Evans, Associate Broker 307-739-8149 TomEvansRE@jhsir.com TomEvansRealEstate.com
Tom Evans - Melinda Day - Valerie Conger
Ranch 19: available Ranch 20: available Ranch 21: SOLD Ranch 22: SOLD Ranch Estate: available
PAGE 10
•
REAL ESTATE NEWS, Wednesday, February 10, 2016
TETON VALLEY, IDAHO ONE SOUTH MAIN STREET
Quintessential Mountain Retreat
DRIGGS, IDAHO 83422
888.354.8880
Stop in at our Driggs office and talk to one of our knowledgeable agents about the many real estate opportunities available in Idaho!
This 5.5 acre mountain home has it all. The Indian Paintbrush setting has hiking and biking trails at your doorstep. The property’s secluded location is adjacent to USFS and Crescent H open space. Spectacular views of the Snake River, Munger Mountain and the Gros Ventre Mountains can be enjoyed from the spacious deck. The beautiful 2,854 square foot log house and 861 square foot guest house offer amenities including a pool house with an endless
TETON VALLEY
swimming pool, hardwood floors, high-end appliances and a large outdoor hot tub to enjoy after a day of playing in Jackson Hole!
3 bed, 3 bath, 2,854 sq. ft. $2,295,000. #15-2087.
Jane Carhart, Associate Broker
(307) 413-8961 • jane.carhart@jhsir.com
JacksonHoleLuxuryProperties.com
ed
t
Jus
t Lis
Stunning Views in a Unique Setting
Arts and Crafts meets Contemporary Clean
MLS #16-61 | $1,100,000 Completely renovated for the active family. 3.5 acres, open floor plan, three bedrooms, two bath, office/gym, two mudrooms, two car garage, mature landscaping, horses allowed and no CC&Rs.
1% of our net proceeds from the sale or purchase of your property is donated to a local charity of your choice.
(307) 413-3947
(307) 690-2468
REAL ESTATE NEWS, Wednesday, February 10, 2016
PROPERTIES INSPIRED BY
•
PAGE 11
living.
Extraordinar y dwellings in the Amangani Resor t neighborhood.
PETITE AMAN Designed to echo the Amangani Hotel, Petite Aman is truly its own private resort. Five guest en suites, media room, library, spa and stone terracing, sweeping ranch land and mountain views and so much more.
$11,750,000. MLS # 15-2719
PEACEFUL AMAN VILLA This villa is tucked into the hillside overlooking the valley with Tetons rising as a stunning backdrop. Offering privacy, warmth and modern design, there is 11,000 square feet of living space and 5,000 square feet of terraces, patios and courtyards. $11,200,000. MLS # 14-2391
S PAC K M A N S & A S S O C I AT E S YOUR GUIDES TO THE JACKSON HOLE LIFESTYLE To view more information on our listings, please visit
WWW.SPAC K M A N SIN JH. C O M
(307) 739-8156 | SPACKMANS@JHSIR.COM
BABBS, BRANDON, DAVE, STEPHANIE, LIZ
PAGE 12
•
REAL ESTATE NEWS, Wednesday, February 10, 2016
307-733-9009 | JHSIR.COM
CONGRATULATIONS TO OUR TOP PRODUCERS IN 2015! TOP INDIVIDUAL SALES AGENTS | 2015 SALES VOLUME LEADERS
TOM EVANS
ED LIEBZEIT
PATTY PETER HARTNETT SELKOWITZ
CATHY O’SHEA
JAY KORNOFF
CHARLIE ROSS
CHRISTIAN CISCO
BRIAN SIEGFRIED
NATHAN EMERSON
CHARLIE ROSS
PATTY HARTNETT
TOP INDIVIDUAL SALES AGENTS | 2015 TRANSACTION LEADERS
JOANNE LABELLE
ED LIEBZEIT
TOM EVANS
CHRISTIAN PAUL CISCO HOWARTH
DEBBIE HUNTER
GARY PETER EDDINGTON SELKOWITZ
TOP SALES TEAMS | 2015 SALES VOLUME LEADERS
SPACKMANS & ASSOCIATES
Babbs Weissman, Brandon, Dave & Stephanie Spackman & Liz Retz
TETON PARTNERS
Collin Vaughn & Jill Sassi-Neison
MERCEDES HUFF & ASSOCIATES Laurie Huff, Mercedes Huff, & Molly Hawks
REALTY GROUP OF JH Jake Kilgrow, Rob DesLauriers, Kelli & Jeff Ward
ERICH & CHRIS WILBRECHT
JH PROPERTY GROUP Ethan Valenstein, Chris Grant & Brooke Walles
THE LEGACY GROUP
Ken Gangwer, Brett Frantz, Elizabeth Merrell & Kim Vletas
ALLEN & VAN GELDER Barbara Allen & Bill Van Gelder
JOHN & LINDA HANLON
TOP SALES TEAMS | 2015 TRANSACTION LEADERS
SPACKMANS & ASSOCIATES
Babbs Weissman, Brandon, Dave & Stephanie Spackman & Liz Retz
TETON PARTNERS
Collin Vaughn & Jill Sassi-Neison
MERCEDES HUFF & ASSOCIATES ALLEN & VAN GELDER
REALTY GROUP OF JH Jake Kilgrow, Rob DesLauriers, Kelli & Jeff Ward
THE LEGACY GROUP
Laurie Huff, Mercedes Huff, & Molly Hawks Barbara Allen & Bill Van Gelder Ken Gangwer, Brett Frantz, Elizabeth Merrell & Kim Vletas
JH PROPERTY GROUP Ethan Valenstein, Chris Grant & Brooke Walles
ERICH & CHRIS WILBRECHT
JOHN & LINDA HANLON