L&K Summer Magazine 2016

S O U T H W E S T M O N TA N A P RO P E RT Y C O L L E C T I O N

PHOTO BY KARL NEUMANN | River Runs Through It - page 6

Summer 2016

Eric Ladd Owner

Carrie Mechura Sales Associate /Contract Manager

Ryan Kulesza Owner / Broker

EJ Daws Sales Associate

Katie Morrison Sales Associate / Marketing Director

Bryce Connery Sales Associate

At L&K Real Estate we represent clients purchasing and selling the finest luxury lifestyle properties in We love this beautiful place and are passionate about helping others find their own connection to it.

Jim Toth Sales Associate

Montana.

L&K Real Estate By the Numbers 2015 History

$950,000

28 MILLION +

average transaction

annual viewership

57%

80%

of residence sales over $3 million in Big Sky

of land sales over $1 million in Big Sky

Our unique team based approach, combining experts in various fields of real estate including resort, residential, ranch, and commercial property sales, gives our clients an edge in understanding and maneuvering in the dynamic high end real estate market in Montana.

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. Statistical information obtained through MLS, information considered reliable but we cannot guarantee its accuracy. All rights reserved. Equal Housing Opportunity. If you currently have a listing agreement or buyer broker agreement with another agent, this is not a solicitation to change. Š2016 LK REAL ESTATE lkrealestate.com * Private Club membership by invitation or upon approval **Per MLS as of date of publishing

RESIDENTIAL

BIG SKY*:

A very dynamic market Lack of residential inventory <$500K is driving a strong market, whereas the luxury residential market had a correction after a sharp increase from 2012-2014.

Land sales volume is up, with prices recovering at a moderate pace. *All statistics derived from MLS. Note: YC Realty does not report sales to MLS, therefore information is not included.

LAND

BOZEMAN:

A hot market with strong growth As Bozeman continues to expand to accommodate a booming population sales volume and numbers have grown rapidly. Residential prices have recovered near the previous height of the market in 2007, while land prices have increased at a slower rate.

SOUTHWEST MONTANA (SW MT):

A solid upward trend The Southwest Montana region, including both Bozeman and Big Sky continues to have steady growth in both land and residential sales. Total dollar volume more than doubled in residential sales, and more than tripled in land sales from 2011-2015.

PRIVATE LUXURY CLUBS Big Sky, MT

The Reserve at Moonlight Basin

THE YELLOWSTONE CLUB

MOONLIGHT BASIN

Total Acres: ~13,600

Total Acres: ~8000

Private Membership: Max. 864 Members, membership by invitation.

Private Membership: Max. 495 members, membership upon approval.

Recreation: 2200 acres of Private skiing, connecting to 5800 acres of skiing at Big Sky Resort , 18-hole Tom Weiskopf Golf Course, mountain biking trails, hiking trails, ATV trails, Concierge services, horseback riding + more

Recreation: 18-hole Jack Nicklaus signature golf course, skiing, snowboarding, hiking trails, biking trails, kayaking, tree house village, snowshoeing, Nordic skiing, fishing, hunting + more

All information provided by third parties as of date of publishing.

SPANISH PEAKS MOUNTAIN CLUB

2015 PRIVATE CLUB STATS

Total Acres: ~6000

Residence:

Land:

Private Membership: Max. 395 Members, membership upon approval.

Total Sales: 42

Total Sales: 22

Avg Price: $1.89M

Avg Price: $769K

Total Volume: $79.2M

Total Volume: $16.9M

Recreation: 18-hole Tom Weiskopf golf course, Private clubhouse with access to 5800 acres of skiing at Big Sky Resort, Nordic skiing, mountain biking trails, hiking trails, Fish Camp, fitness center + more

(All statistics derived from MLS. Note: YC Realty does not report sales to MLS, therefore information is not included.)

photos by Karl Neumann

RIVER RUNS THROUGH IT LOCATION Yellowstone Club* SIZE 13,349 SQ FT 7 bedrooms, 10 bathrooms 2.88 ACRES OFFERED AT $13M

The largest ski-in, ski-out home available at Yellowstone Club**

photos by Karl Neumann

TREEHOUSE CONDO AT WARREN MILLER LODGE LOCATION Yellowstone Club* SIZE 2,191 SQ FT 4 bedrooms, 4 bathrooms OFFERED AT $9.8M

Unbeatable location as the only condo available in the Warren Miller Lodge**

photos by Karl Neumann

388 ANDESITE RIDGE ROAD LOCATION Yellowstone Club* SIZE 4,852 SQ FT 4 bedrooms, 5 bathrooms 2.15 ACRES OFFERED AT $6.45M

Ski-in, ski-out with southern exposure

LOT 338 BRISTLECONE DRIVE

LOT 144A PUMICE ROAD

LOCATION Yellowstone Club*

LOCATION Yellowstone Club*

SIZE 14.6 ACRES

SIZE 2 ACRES

OFFERED AT $4.95M

OFFERED AT $2.65M

Solitude is paramount with the largest available residential lot at Yellowstone Club**

Great value ski-in, ski-out lot at Yellowstone Club

LOT 86 ANDESITE RIDGE ROAD

LOT 175 TRAVERTINE ROAD

LOCATION Yellowstone Club*

LOCATION Yellowstone Club*

SIZE 2.64 ACRES

SIZE 2.63 ACRES

OFFERED AT $3.3M

OFFERED AT $2.15M

Breathtaking views combined with both Nordic and alpine ski access

Lowest priced lot at Yellowstone Club with spectacular views**

LUXURY SUITE 1B LOCATION Moonlight Basin SIZE 2,563 SQ FT 3 bedrooms, 3.5 bathrooms OFFERED AT $1.395M

Prime ski-in, ski-out location to both Madison Village and Moonlight Lodge

HOMESTEAD CABIN #2 LOCATION Spanish Peaks Mountain Club* SIZE 3,635 SQ FT 6 bedrooms, 8 bathrooms OFFERED AT $2.875M

Ski-in, ski-out on the 18th hole of the Spanish Peaks Mountain Club golf course

HOMESTEAD CABIN #6 LOCATION Spanish Peaks Mountain Club* SIZE 2,585 SQ FT 4 bedrooms, 5 bathrooms OFFERED AT $2.15M

Ski-in, ski-out on the 17th hole of the Spanish Peaks Mountain Club golf course

SKI TIP LOT 10 LOCATION Spanish Peaks Mountain Club* SIZE 1.02 ACRES OFFERED AT $995K

Incredible ski-in, ski-out lot located near the Spanish Peaks Clubhouse

SKI TIP LOT 8 LOCATION Spanish Peaks Mountain Club* SIZE 1.11 ACRES OFFERED AT $825K

A great value ski-in, ski-out property

LOT 107 W. ELK VALLEY ROAD LOCATION Spanish Peaks Mountain Club* SIZE 2.48 ACRES OFFERED AT $599.9K

Geotechnical report completed and well drilled on this end of cul-de-sac lot with great views

LOT 148 WILDRIDGE DRIVE LOCATION Spanish Peaks Mountain Club* SIZE 3.05 ACRES OFFERED AT $545K

Biggest views in the Spanish Peaks Ranches neighborhood

LOT 119 OLD BARN ROAD LOCATION Spanish Peaks Mountain Club* SIZE 3.13 ACRES OFFERED AT $450K

Private, creekside lot with southern exposure and mountain views

LOT 109 W. ELK VALLEY ROAD LOCATION Spanish Peaks Mountain Club* SIZE 2.33 ACRES OFFERED AT $445K

Spectacular views of the Spanish Peaks and Gallatin Mountain Range

BIG SKY, MONTANA

Sunset view of the Spanish Peaks mountain range

BIG SKY MEADOW

BIG SKY MOUNTAIN

Recreation: 18-hole Arnold Palmer Golf Course, Big Sky Community Park, hiking & biking trails, tennis courts, skate park, climbing boulders, horse back riding, Nordic ski trails, snowshoe trails, kids fishing pond, hockey rink + more

Recreation: Skiing, snowboarding, Nordic ski trails, dogsledding Beehive Basin Trailhead, snowshoe trails, hiking trails, biking trails, zipline course, boat rentals + more

Community Features: Shopping, dining, events, seasonal farmers market & music series, post office, hospital, business services, lodging, fitness & wellness facilities + more

Community Features: Big Sky Resort base area, Moonlight Lodge, Madison base area, Uleryâ&#x20AC;&#x2122;s Lake, Lake Levinsky, shopping, dining, events, medical facility, conference center, lodging + more

GALLATIN CANYON

2015 BIG SKY STATS

Recreation: Fishing, rafting, kayaking, horseback riding, snowmobiling, Nordic skiing, hiking, biking, ATV trails, camping, ~30 miles from Yellowstone National Park entrance + more

Residence:

Land:

Total Sales: 166

Total sales: 67

Avg. Price: $475K

Avg. Price: $284K

Community Features: Gallatin River, Big Sky Visitor Center, campgrounds, trailheads, boat launches, fishing access, shopping, dining, business services, lodging, guide services + more

Total Volume: $78.8M

Total Volume: $19M

(does not include private clubs)

KANDAHAR AT BEEHIVE BASIN 60 BEEHIVE BASIN ROAD LOCATION Big Sky Mountain SIZE Main home: 5,409 SQ FT 3 bedrooms, 3 bathrooms Guest home: 2,165 SQ FT 3 bedrooms, 2.5 bathrooms 19.9 ACRES OFFERED AT $3.45M

Premier creekside location with Beehive Basin trail access

MOUNTAIN SELAH 18 LOW DOG ROAD LOCATION Big Sky Mountain SIZE 4,574 SQ FT 5 bedrooms, 3 bathrooms 1.07 ACRES OFFERED AT $1.35M

Ski-in, ski-out home located near Big Sky Resort base area - makes a great vacation rental

214 WEST PINE CONE TERRACE LOCATION Big Sky Meadow / Aspen Groves SIZE 4,268 SQ FT 4 bedrooms, 3.5 bathrooms, guest suite .75 ACRES OFFERED AT $1.395M

Mountain modern style in a private location

BUCK RIDGE LODGE LOCATION Gallatin Canyon / Buck Ridge SIZE 4,144 SQ FT 3 bedrooms, 3 bathrooms 18.67 ACRES OFFERED AT $839K

Unbelievable private motorized trailhead to forest service land

330 BEAVER MOUNTAIN TRAIL LOCATION Gallatin Canyon SIZE 2,293 SQ FT 4 bedrooms, 4 bathrooms 2.95 ACRES Large Shop + Garage OFFERED AT $795K

Great recreational access to fishing, trails, and snowmobiling

13 BEARTOOTH COURT LOCATION Gallatin Canyon / Ramshorn View Estates SIZE 2,782 SQ FT 4 bedrooms, 3.5 bathrooms .5 ACRES OFFERED AT $500K

Recently renovated home on a substantial corner lot

LOT 43A HALF MOON COURT LOCATION Big Sky Meadow SIZE 2.95 ACRES OFFERED AT To be built creekside residence See agent for details

Lot currently listed at $399.9K

SPANISH PEAKS CLUB CONDO #44 LOCATION Big Sky Meadow SIZE 2,140 SQ FT 2 bedrooms, 3 bathrooms + bonus room OFFERED AT $549.9K

Lone Peak views with trail access. Community includes clubhouse with pool.

SPANISH PEAKS CLUB CONDO #52 LOCATION Big Sky Meadow SIZE 2,314 SQ FT 2 bedrooms, 3 bathrooms + bonus room OFFERED AT $539K

Fantastic location in Big Sky Meadow adjacent to golf course. Community includes clubhouse with pool.

VILLAGE CENTER #280 LOCATION Big Sky Mountain Village SIZE 621 SQ FT 1 bedroom, 2 bathroom OFFERED AT $395K

Ski-in, ski-out condo in the base area of Big Sky Resort

FIRELIGHT CONDO C11 LOCATION Big Sky Meadow SIZE 1,234 SQ FT 2 bedrooms, 2 bathooms OFFERED AT $249.9K

Corner unit with upgraded finishes

FIRELIGHT CONDO 4C LOCATION Big Sky Meadow SIZE 1,092 SQ FT 2 bedrooms, 2 bathrooms OFFERED AT $229K

Great investment property potential

CEDAR CREEK CONDO #45 LOCATION Big Sky Mountain SIZE 868 SQ FT 2 bedrooms, 2 bathrooms OFFERED AT $229K

Big Sky Resort base area location

LOT 287A RISING BULL

LOT 3 JOY ROAD

LOCATION Big Sky Mountain

LOCATION Big Sky Mountain

SIZE 1.04 ACRES

SIZE 6.83 ACRES

OFFERED AT $529K

OFFERED AT $415K

Ski-in, ski-out lot with Lone Peak views

Private homesite located near Beehive Basin trailhead

LOT 105 WHITE BUTTE ROAD

WINDY PASS LOT 3 & 3A

LOCATION Big Sky Mountain

LOCATION Gallatin Canyon

SIZE 2.94 ACRES

SIZE 5.63 ACRES

OFFERED AT $415K

OFFERED AT $399.9K

Elevated ski access lot with incredible views.

Completed geotech included

Horse property with proximity to trails across from the Gallatin River

MARKET PLACE LOCATION Big Sky Town Center UNITS 102

$622,480

1,595 Unit SQ FT/leased

103

$457,250

1,170 Unit SQ FT/leased

104

$470,580

1,204 Unit SQ FT/leased

SILVER HORSESHOE PROPERTY LOCATION Gallatin Canyon / Big Sky SIZE 2.11 ACRES Residential + Commerical buildings OFFERED AT $1.395M

Rare combination of residential and commercial space with opportunity to further develop on Highway 191, great investment potential

32 MARKET PLACE UNIT 5 LOCATION Meadow Village Center SIZE 202 SQ FT OFFERED AT $95K

LEED Gold certified building

LAZY J LOTS 1 & 10 LOCATION Gallatin Canyon / Big Sky SIZE TOTAL ACRES: 2.97 Lot 1: 1.56 ACRES Lot 10: 1.41 ACRES OFFERED AT $640K

Double commercial lot with frontage on Highway 191

PHOTO BY RYAN DAY THOMPSON

GALLATIN VALLEY

Hebgen Lake near Yellowstone National Park

BOZEMAN

WEST YELLOWSTONE

Recreation: Fishing, skiing, snowboarding, hiking trails, biking trails, rafting, kayaking, horseback riding, golf courses, snowshoe trails, Nordic ski trails, camping, snowmobiling +more

Recreation: Snowmobile trails, fishing access, hiking trails, biking trails, ATV trails, Nordic ski trails, wildlife viewing, campgrounds, snow coach tours + more

Community Features: Main Street business district, Bridger Bowl Ski Area, Montana State University, Hyalite recreation area, Bozeman Deaconess Hospital, Bozeman Yellowstone International Airport, numerous sports facilities, shopping, dining, lodging, events + more

A booming town that brings together urban amenities with an outdoor recreation based lifestyle.

Community Features: Yellowstone National Park entrance, IMAX theatre, Yellowstone visitor center, Grizzly and Wolf Discovery Center, shopping, dining, lodging, events + more

The most popular entrance to Yellowstone National Park with incredible access to recreation.

HEBGEN LAKE

2015 GALLATIN VALLEY STATS

Recreation: Fishing, water skiing, wake surfing, boating, kayaking, hiking, biking, snowmobiling, boat rentals + more

Residence:

Land:

Total Sales: 614

Total sales: 384

Community Features: Hebgen Lake, Marinas, Campgrounds, Quake Lake, boat launches, forest service access, lodging, dining, events, near Yellowstone National Park

Avg. Price: $476K

Avg Price: $215K

Total Volume: $292M

Total Volume: $82M

The perfect place to have a relaxed mountain lake lifestyle.

photos by Karl Neumann

512 OLD FARM ROAD LOCATION Bozeman / Old River Farm SIZE 5,497 SQ FT 4 bedrooms, 6 bathrooms, guest suite 20+ ACRES OFFERED AT $2.975M

Located along ~1/2 mile of the East Gallatin River, yet minutes to downtown Bozeman

photos by Karl Neumann

THREE SIXTY 301 ELK SPRINGS ROAD LOCATION Gallatin Valley / Elk Springs SIZE 4,190 SQ FT 3 bedrooms, 4 bathrooms 40+ ACRES OFFERED AT $2.49M

Minimalist style home with impressive mountain views, just minutes from Bozeman

1073 PIN AVENUE LOCATION Bozeman / Oak Springs SIZE 1,415 SQ FT 3 bedrooms, 2 bathrooms .115 ACRES OFFERED AT $305K

Only home currently for sale in Oak Springs**

278 MAMMOTH FORK LOCATION Bozeman / Gallatin Heights SIZE 2,575 SQ FT 4 bedrooms, 3 bathrooms .23 ACRES OFFERED AT $365K

Largest residence for sale in Gallatin Heights**

AIRPORT GARAGES LOCATION Bozeman Yellowstone International Airport SIZE 23’ x 11’ x 10’ with 9’ x 9’ doors OFFERED AT $24.9K -$29.9K per unit

Walking distance to the terminal

LOT 14 CHOKECHERRY LANE LOCATION West Yellowstone SIZE 1.085 ACRES OFFERED AT $97.5K

Surrounded by mountain views and recreation near Yellowstone National Park

OSPREY COVE LAKEHOUSE 14666 HEBGEN LAKE DRIVE LOCATION West Yellowstone / Hebgen Lake SIZE 4,628 SQ FT 3 bedrooms, 3 bathrooms + 2 bonus rooms 1.03 ACRES OFFERED AT $1.695M

Recreate on Hebgen Lake at this recently renovated home surrounded by forest service land

R A N C H & R E C R E AT I O N P RO P E RT Y C O L L E C T I O N

PHOTO BY RYAN DAY THOMPSON | Homestead at the Beacon - page 43

Summer 2016

PHOTO BY RYAN DAY THOMPSON

RANCH, AGRICULTURE, RECREATION, & CONSERVATION

Missouri River Ranch. pg. 46

Owning and enjoying a ranch builds a connection to the land and nature as well as uninterrupted family time. Limited ranches still exist that have incredible fishing, hunting and mountain views, creating strong demand for properties with such features.

Information provided by third party resources on ranch sales in Western Montana. Although deemed reliable, we cannot represent that it is accurate or complete, so should not be relied upon as such.

With increased uncertainty in other asset classes, the movement to ranch and land investments continues to grow. Investors are drawn to land for its cash-flow from agricultural revenue, lack of extreme market volatility, potential appreciation, conservation opportunities, and simple enjoyment of the recreational benefits.

photos by Ryan Day Thompson

YELLOWSTONE RANCH PRESERVE LOCATION West Yellowstone / Hebgen Lake LAND 753+ ACRES PROPERTY TYPE: Recreational STRUCTURES: Whiskey Jug Cabin: 2,702 SQ FT / 3 bedrooms, 2 bathrooms Private Marina OFFERED AT $19.5M

Waterfront conservation property near Yellowstone National Park.

Largest private piece for sale on Hebgen Lake.**

photos by Ryan Day Thompson

RAHN GRAIN FARMS 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. If you currently have a listing agreement or buyer broker agreement with another agent, this is not a solicitation to change. Š2016 LK REAL ESTATE, llc. lkrealestate.com

LOCATION Three Forks, MT

LAND 3,362 ACRES East Parcels: 1,404 ACRES West Parcels: 1,957 ACRES PROPERTY TYPE: Agricultural STRUCTURES: Home: 2,500 SQ FT / 4 bedrooms, 3 bathrooms Heated shop Storage shed 105K Bushel Grain storage OFFERED AT $6.995M

An income producing farming operation with incredible mountain views. Subdivision and conservation opportunities exist.

photos by Outlaw Partners

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. If you currently have a listing agreement or buyer broker agreement with another agent, this is not a solicitation to change. Š2016 LK REAL ESTATE, llc. lkrealestate.com

MCREYNOLDS GATEWAY RANCH LOCATION Gallatin Gateway, MT LAND 654 ACRES South Parcels: 134 ACRES, 3 Tracts Middle Parcels: 520 ACRES, 3 Tracts PROPERTY TYPE: Agricultural OFFERED AT $6.995M

Working ranch with incredible upside located just south of Bozeman

LAHOOD PARK RESIDENCE

LAHOOD PARK COMMERCIAL PROPERTY

LOCATION Cardwell, MT

LOCATION Cardwell, MT

LAND 29.61 ACRES

LAND 35.46 ACRES

PROPERTY TYPE: Residential

PROPERTY TYPE: Commercial

STRUCTURES: Home: 2,466 SQ FT / 3 bedrooms, 3 bathrooms

STRUCTURES: Bar/Restaurant: ~3,500 SQ FT

OFFERED AT $775K

OFFERED AT $425K

Custom built home on ~1/2 mile river frontage

Many possibilities exist for commercial property including current use as steakhouse

Sold individually or together. See agent for details

photo by Drew Stoecklein

MISSOURI RIVER RANCH LOCATION Craig, MT LAND 160 ACRES PROPERTY TYPE: Recreational STRUCTURES: Main Lodge: 8,152 SQ FT / 4 guest rooms + apartment Lower Lodge: 3,139 SQ FT / 6 guest rooms Private Residence: 2,924 SQ FT / 4 bedrooms, 2 bathrooms OFFERED AT $6.5M

Fly-fishing guest lodge with nearly 1.5 miles of Missouri River frontage in one of the hottest fly fishing destinations in the state.

Big Sky Resort

Town Center

Gallatin Canyon

Mountain Meadows

MOUNTAIN MEADOWS LOCATION Gallatin Canyon SIZE 120 ACRES OFFERED AT $3.495M

Rare opportunity to own a large 120+ acre parcel within Big Sky with stunning Lone Peak views

HOMESTEAD AT THE BEACON LOCATION Butte, MT LAND 640 ACRES PROPERTY TYPE: Recreational STRUCTURES: Two primitive cabins OFFERED AT $1.65M

Surrounded by mountain views with incredible elk hunting.

Potential for subdivision development or conservation

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