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S OU T H W E ST M O NTA NA PROPERTY COLLECTION& R E A L E STAT E U P DAT E WINTER 2013/2014

Four Peaks, Yellowstone Club, Big Sky, Montana

SALES SUMMARY for Big Sky, MT and the Southwestern Region As of October 1,2013

206 $100,414,408 sales totaling:

BIG SKY, MT

HOMES: 44 $38,882,302

CONDOS: 94 $37,461,836 LAND:

62 $22,020,700

OTHER:

6

$2,049,570

A D DI TI O NAL STATS: Gallatin County Land Use Permit applications, January 1 - October 1

2012

16 APPLICATIONS

2013

39 APPLICATIONS

=

143% increase

* All information derived from Gallatin Association of Realtors report representing information through Sept 1, 2013 (Yellowstone Club not included)

G R E ATER BI G SKY / B OZ E M A N A R E A UNI TS S OLD BETW EEN 2009 - SE P TE M B E R 1 , 20 13

Through September1

2 0 0 9-SE P TE M B E R 1 , 201 3 B IG S KY M O NTANA AC TIV E V S. SOL D UN I TS 800 700 600 500 400 300 200 100

Trend: Sales are rising and inventory is declining

46% decrease

50% increase

Through September1

LK stats

S ALES SUMMARY for L&K Real Estate As of October 1,2013

“Working with L&K was fantastic - they did an incredible job of showcasing our property.�

- Will A.

34 $18,437,820 transactions totaling:

"After having my property listed elsewhere for two years, L&K was able to produce a buyer in 30 days"

-Richard P.

Total listings:

$85,797,326 24 total units listed

Located in premier neighborhoods including:

Yellowstone Club Spanish Peaks Moonlight Basin

Meadow Village Big Sky Town Center Bridger Canyon

November 2013 Greetings from Big Sky, Montana!

This real estate update is a summary of market conditions in the southwest Montana region, with a focus on the Big Sky area. In addition, we are including a summary of some premier listings currently represented by L&K Realty.

In general, the real estate climate in southwest Montana is upbeat and we’re witnessing price recovery on all fronts. There are several highlights in this region, including the recent acquisition of Spanish Peaks and Moonlight Basin resorts by the CrossHarbor Capital and Boyne partnership. The Big Sky Town Center has also seen vibrant growth with 11 new businesses opening this past year in addition to the ceremonial groundbreaking of the $21 million Big Sky Medical Center.

The economic climate in our region is also flourishing with strong visitor numbers reported from Yellowstone National Park, growth in our regional airport as the busiest in Montana, and an encouraging push by the state to draw more business to the area.

This summer was one of the best on record for fisherman with a spring series of hatches rivaling any year in recent memory. The Big Sky community is adding more than eight miles of singletrack trails to the meadow area and the live music concert series in Town Center was all-time this summer!

The first dusting of snow fell on Sept. 18 and there’s a buzz in the air for the upcoming ski season. Lifts at Big Sky Resort are slated to open Nov. 27.

L&K Realty is a brokerage focused on servicing listings and assisting buyers in the southwest Montana real estate market. We are one of the largest brokerages in Montana, but intimate and customized in our approach. At L&K, we value our client relationships and are aggressive in marketing our listings around the globe.

If you have any questions regarding our listings, consulting, or development, please let us know. We welcome the opportunity to work with you.

Best regards,

Eric Ladd eric@lkrealestate.com

Ryan Kulesza ryan@lkrealestate.com

WEST FORK CAMP AT THE YELLOWSTONE CLUB

Possibly one of the most iconic land holdings in Montana featuring privacy, world class architecture, fishing ponds, secluded aspen groves and incredible views.

The 17-acre property includes 6 buildings, 4 cabins, and 3 ponds. Additionally, Lot 9 has optional plans developed for a Gathering Hall, or re-design to your personal taste.

These properties have never been made available before. The location, privacy, topography, ponds, and unique ‘old west’ structures in the heart of Yellowstone Region provides a one-ofa-kind experience.

MAIN STRUCTURES: Trapper Cabin: 1 bedroom, 1 bath, 1,020 sq ft Main Cabin: 1 bedroom, 1.5 bath, 1,729 sq ft, with 1 car attached garage Guest Cabin: 2 bedroom, 2 bath, 1,400 sq ft Fire Tower: 1 bedroom, 2 bath, 1,200 sq ft, 3 level (400 sq ft on each level) Proposed Gathering Hall: Renderings and partial plans

ADDITIONAL STRUCTURES: Vehicle barn, equipment barn and carport

Offered at

$ 18,000,000

R I V E R RU N S T H R O U G H I T AT THE YELLOWSTONE CLUB

Located in the Yellowstone Club, this 2.88 acre homesite captures uninhibited views of all major surrounding peaks and landscapes while a personal water features evokes the natural geysers found in Yellowstone National Park.

‘River Runs Through It’ is a custom home that will encourage family adventures and outdoor vacations that create memories for a lifetime. Lot 325 provides an ideal platform to enjoy the natural glory of Montana.

Located in the Yellowstone Club, this 2.88 acre homesite captures uninhibited views of all major surrounding peaks and landscapes while a personal water feature evokes the natural geysers found in Yellowstone National Park.

‘River Runs Through It’ is a custom home that will encourage family adventures and outdoor vacations that create memories for a lifetime. Lot 325 provides an ideal platform to enjoy the natural glory of Montana.

2.88 ACRES Water features, panoramic mountain views, private club access & membership by invitation

Offered at

$ 13,000,000

FOUR PEAKS

AT THE YELLOWSTONE CLUB

Ski Access to Over 8,000 Acres 2.05 ACRES Custom wood work, Panoramic mountain views

Four Peaks is located on the northern edge of the Yellowstone Club, positioned between Lone Peak & Andesite Mountain offering some of the best views and ski access possible.

The home is designed & built by the award-winning architect, builder combination Locati Architects and SBC Construction.

It is a fully furnished property that has a thoughtful mix of timber, stone and glass throughout.

Located at the top of ski runs that access Big Sky Resort and Yellowstone Club, it intersects fun for the whole family.

Recreation abounds with a theater, exercise room, wine room, arcade and kids adventure bunkroom that offer year round entertainment for all ages. private club access & membership by invitation

Offered at

$ 10,990,000

Grand kitchen with open floor plan

Stunning views from every window

Children’s area with fort, slide, and bridge

1 9 C O P P E R C O U RT AT THE YELLOWSTONE CLUB

Views of Lone Mountain This 12.54-acre parcel sits atop one of the finest lookout points at Yellowstone Club, and includes two cabins, a barn and a pond. The four-bedroom main cabin was constructed with old growth timber and dovetail craftsmanship, through the esteemed Durfeld Log construction process. The secondary guest cabin is a refurbished Montana post office cabin dating back to the 1800s, complete with a sod roof seeded with Montana wildflowers. Set at the end of a cul-de-sac and surrounded by open space on two borders, the acreage is some of the finest in the Big Sky region. Unparalleled 300-degree views looking into the Spanish Peaks, the Gallatin Range, Yellowstone National Park, and Pioneer and Lone Mountains. private club access & membership by invitation

Refurbished Montana Post Office

12.54 ACRES Custom wood work,private cul-de-sac location

Offered at

$ 10,900,000

C RO S S C U T R A N C H BRIDGER CANYON, BOZEMAN, MT

This one of a kind property is a blank canvas with ideal recreational access to its bordering properties of Bridger Bowl Ski Area and Bohart Ranch Nordic Center. The land is a serene environment nestled in the southern side of the Bridger Mountain Range. Wildlife and diverse plantlife are abundant, with elk, deer, moose and mature aspen, willow and pine trees flourishing across the acreage.

Two creeks- Bridger and Maynard, flow through the property, along with several tributaries, while exceptional views and access to the Bridger and Bangtail mountains are plentiful. Possibilities are endless from development potential to large conservation easement.

2 5 9 + / - T O TA L A C R E S A C RO S S M U LT I P L E PA R C E L S

Offered at

Call for details

208 ANDESITE RIDGE AT THE YELLOWSTONE CLUB

Located on the warm southeast-facing Andesite neighborhood of the Yellowstone Club, 208 Andesite Ridge enjoys fantastic views towards Yellowstone National Park.

Sunrises and sunsets from the large windows bathe this home in natural light. Perfect for entertaining, this spectacular home provides a thoughtful and functional design as the kitchen, dining and living rooms all open to each other. The dining area leads to the outdoor deck, which is the ideal setting for relaxing on warm summer evenings. A new Master Suite has been added above the garage along with a ski room behind the garage with additional storage. private club access & membership by invitation

2.61 ACRES Open floor plan with 6,372 total sq. ft.

Offered at

$ 5,300,000

1 7 T R AV E R T I N E AT THE YELLOWSTONE CLUB Overlooking the main section of Yellowstone Club, Tom Weiskopfdesigned golf course, Eglise and Pioneer Mountains, 17 Travertine is a cheerful,modern home suited for small or large families. With ample space to sleep up to 14, the home has many special features including round sunken living room with Finnish Tulikivi fireplace and upper level lookout room – a perfect mediation or yoga space. The lower level has a double bunk and kid’s room with private sleeping area, while the master suite has an expansive eastern view and cozy reading nooks to watch the sunrise. Reclaimed lumber, dry stack rock garage exterior paired with a creative palette, numerous windows, and industrial fixtures create a warm feel to this residence. private club access & membership by invitation

6 B E D / / 4 B AT H 4,505 SQ FT 3.15 ACRES

Offered at $3,800,000

M O U N TA I N M E A D OW S BIG SKY GALLATIN CANYON

From here, your eye sweeps from Cedar Mountain, past Pioneer Mountain, to Lone Mountain, the West Fork Meadows below, and back up again to the Spanish Peaks. This 120-acre parcel is surrounded on all sides by other large parcels, providing maximum privacy and is also one of the few large acreage tracts available in Big Sky. Beyond the commanding views, the most exciting aspect of this property is the wildlife: the elk often calve here,bald eagles hunt, and moose migrate. This site is located halfway between Yellowstone National Park and Bozeman, Montana, and less than 20 miles to the Biggest Skiing in America.

120+/- ACRES Offered at $3,495,000

U P P E R C E D A RV I E W D R I V E AT THE YELLOWSTONE CLUB

Panoramic views of Pioneer, Cedar and Lone Mountains surround this spacious lot. Roughed in driveway and level building envelope sit naturally with the land into the hillside, while the south facing location provides ample year round sunlight. This combination offers solitude amidst the expansive scenery and abundant wildlife.

The lot is part of the Pine Ridge neighborhood in Yellowstone Club, featuring direct ski access from property and located only minutes away from Yellowstone Club Resort amenities at the Warren Miller Lodge. private club access & membership by invitation

3.24 ACRES Ski access property

Offered at

$ 2,800,000

2 5 7 0 O U S E L F A L L S RO A D CLUB AT SPANISH PEAKS

Located within walking distance from Ousel Falls, this home is a pairing of function combined with elegant, comfortable spaces. Secluded behind a winding drive through tall pines, it is quite unassuming until entering into the grand foyer.

Through the entry, main floor living is achieved with master bedroom, great room, kitchen, den, dining room, powder room, and laundry all on one level. The open design is naturally lit and has a tasteful blend of wood beam and light granite finishes. An additional outdoor living space is achieved through a large covered deck off the kitchen with a wood burning fireplace and outlets for two grills.

The guest suite is located on the third floor, providing a separate, but adjacent space with two bedrooms, two bathrooms, and a shared living area. The lower level is perfect for entertaining, with a large rec area, wine cellar, walk out patio, exercise room and additional bedroom. Situated on the hillside and surrounded by old growth pine, aspen trees, and the occasional visiting moose, this location is tranquil yet only two miles from Big Sky Town Center. private club amenities & membership, call for details

2.18 ACRES 4 Bedrooms, 5 Bathrooms, 2 Powder Rooms

Offered at

$ 2,995,000

430 CLUBHOUSE FORK CLUB AT SPANISH PEAKS

Located within Spanish Peaks, this cabin is defined by its location as ‘the pick of the litter’. Surrounded by open space and Big Sky’s lush forested meadows, this settlement cabin rests in an already built-out area.

The exterior of this cabin appears rustic and powerfully built with heavy timber, cedar shake roofing, and a stone chimney. Once you’re inside, on the contrary, it’s all about sophistication and elegance. From the hardwood floors and solid granite counters, to the tasteful lighting and decor, you’ll appreciate its warmth and familiarity. Each of the three bedrooms on the main floor offers a full bathroom with double sinks and a deck where you can enjoy early morning coffee and wildlife viewing.

The upstairs bedroom includes a loft area, making it an ideal place for kids. The kitchen, living, and dining areas flow into one another. Vaulted ceilings and a large stone gas fireplace make the space feel grand, but cozy.

An additional living area could serve well as a den, library, or TV room. The covered deck on rear of the house provides accommodations for a summer barbecue or an apres-ski get together. private club amenities & membership, call for details

2,585 SQ FT 4 Bedroom, 5 Bathroom Settlement Cabin with end of street location

Offered at

$ 1,380,000

Offered at

$ 999,900

3 0 2 5 H A L F M O O N C O U RT BIG SKY MEADOW VILLAGE This riverfront gem in the heart of the meadow village is a sanctuary in the middle of the action. Blocks from Big Sky Town Center and the Big Sky Golf Course, this home sits along the Middle Fork of the West Fork of the Gallatin River. Designer finishes create a luxurious feel to the home while floor to ceiling windows provide an abundance of natural light and bring the calm of the surrounding river and pines inside. Addition of above garage living space completes the home offering guests a private suite.

2.34 ACRES 3 Bed and 3.5 Bath main house 1 Bedroom, 1 Bath guest house

21 BLACK EAGLE LODGE #1 BIG SKY MOUNTAIN VILLAGE

2,497 SQ FT Located in the Big Sky Mountain village, just steps away from the Bareback Poma Lift and within walking distance to Big Sky Resort amenities. This condo offers luxury living without compromising convenience featuring slate, granite, antiqued copper, knotty alder, and hand sawn fir materials.

3 bedroom, 3.5 bathroom with 2+ car garage

Offered at

$ 969,000

2 8 C O W B O Y H E AV E N R D .

MOONLIGHT BASIN

Premier location in Moonlight’s Cowboy Heaven with true ski-in/skiout access to both Big Sky Resort and Moonlight Basin. This 3 bedroom, 3.5 bath Luxury Suite is offered fully furnished turn key. It features stone fire places inside and out with easy single floor living, elevator to the heated garage level, full slab granite countertops, wood floors, commercial stainless steel appliances, private deck with hot tub, excellent rental history with outstanding views.

2,563 SQ FT 3 bedroom, 3.5 bathroom with attached 1 car garage Offered furnished at

$ 879,000

Offered at

$ 539,000

1085 LOOKING GLASS BIG SKY MEADOW VILLAGE A convenient location and inviting outdoor dining space to enjoy summer dining in Big Sky rounds out this perfect-sized home in Meadow Village. 1085 Looking Glass is a two level, well-cared for home with refined finishes including granite slab kitchen counter tops in handsome honey tones, travertine in the bathrooms, stone fireplace in the living area. The upstairs master bedroom is spacious and private, while the 2 car garage includes a mud entry with laundry room.

2,100 SQ.FT 3 Bed and 2.5 Bath with 2 Car Garage

C O T T O N WO O D C RO S S I N G BIG SKY TOWN CENTER Cottonwood Crossings are cozy properties,two story, three bedroom condos with a great floor plan. Located in Town Center, it is within walking distance to dining, shopping, and free shuttle service around Big Sky. Summer or winter, this is the place to call home.

Granite counter tops, tile & hardwood floors throughout the home with a single car garage. Units may vary.

Offered at

Walking distance to the best dining, shopping, and entertainment of Big Sky

$ 375,000

MARKET PLACE BIG SKY TOWN CENTER

UNITS & PRICING

102 $537,662

1595 sq.ft / leased

103 $394,410

1170 sq.ft / leased

104 $405,924

1204 sq. ft / leased

201 $489,465

1452 sq. ft / leased

202 $325,596

966 sq. ft / leased

203 $365,760

1085 sq. ft / available

205 $369,509

1096 sq. ft / leased

ELKRIDGE 63 THE CLUB AT SPANISH PEAKS

Stunning Spanish Peaks views and level building envelope note this lot. Secluded by an expansive open space area adjacent to the north, this homesite within the Spanish Peaks neighborhood is a true value, feeling much larger than its actual size. private club amenities & membership, call for details

1.05 ACRES OFFERED AT $649,000 LOT 63

S E T T L E R S L O O P RO A D THE CLUB AT SPANISH PEAKS

The 4.84-acre parcel features a fairly level building site and is beautifully wooded with large old growth trees. Enjoy views of Gallatin Range through the trees and quiet cul-de-sac location.

Lot 93 has close proximity to Ousel Falls Trailhead and Big Sky Town Center and is one of the larger lots in Spanish Peaks with full sun exposure and open space backing. private club amenities & membership, call for details

4.84 ACRES OFFERED AT $350,000 LOT 87

C ROW N B U T T E RO A D THE CLUB AT SPANISH PEAKS A treed, private 3.65 acre Ranch lot affording peace & quite yet the ease of being central in the Big Sky community. Just minutes to the Big Sky Town Center and still part of the Club at Spanish Peaks. Year round activities are close by this spacious lot with full sun exposure and backing to pen space. private club amenities & membership, call for details

3.65 ACRES OFFERED AT $239,000 LOT 93

4 9 8 2 7 G A L L AT I N RO A D BIG SKY GALLATIN CANYON

A wonderful parcel in the south end of Montana's historic Gallatin Canyon, just a few miles from Big Sky. An outdoor enthusiasts haven with horses allowed and just down the road to Gallatin River.

5 ACRES Offered at $225,000

L&K RE AL ESTATE Market Your Listing Globally Professionally written materials Professional photography Professional videography Individual property page on LK website MLS Listing Professionally designed print materials Regional advertising campaign reaching over

1 million

annually

National advertising campaign management option Vast number of publications Strategic sponsored events Email promotion to extensive company database

Ladd, Kulesza & Company Real Estate Brokerage, Consulting & Development L K R E A L E S TAT E . C O M

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For more information or private showings contact:

406-995-2404 Ryan Kulesza – 406-539-4666 Eric Ladd – 406-995-2404

All information given is considered reliable, but because it has been supplied by third parties, we cannot represent that it is accurate or complete, and should not be relied upon as such. These offerings are subject to errors, omissions, and changes including price or withdrawal without notice. All rights reserved. Equal Housing Opportunity. ©2013 LK REAL ESTATE, llc. lkrealestate.com