PHOTO BY RYAN DAY THOMPSON | 388 Andesite Ridge Road
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
Winter 2018
Meet the
real estate team
Eric Ladd Owner
Ryan Kulesza Owner / Broker
Sales Associate / Marketing Director
Carrie Bryan Sales Associate /Contract Manager
EJ Daws Sales Associate
Bryce Connery Sales Associate
Kate Scott Sales Associate
Jamie Roberts Sales Associate
Katie Morrison
Montana.
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.
SELLER REPRESENTATION:
BUYER REPRESENTATION:
DEVELOPMENT CONSULTING:
Our strong marketing approach ensures our listings receive maximum exposure in a creative and professional manner. We strive to achieve the highest value for our sellers.
Our market knowledge helps buyers navigate the process to find their ideal property whether it’s an undervalued area in a hot market or a one of a kind legacy purchase.
Our vast experience launching, selling, and consulting with developments from luxury resorts to condo and subdivisions gives us a unique perspective to analyze and advise to achieve developer objectives.
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
L&K Real Estate Success in 2017
$1.2M
*
AVERAGE LAND SOLD LISTING
58% PRIVATE CLUB SALES
GREAT FOLKS TO WORK WITH,
L&K represents buyers and sellers at Yellowstone
EXCELLENT CUSTOMER SERVICE...
Club, Spanish Peaks Mountain Club, Moonlight
THEY GO ABOVE AND BEYOND.
Basin and throughout Southwest Montana.
IT WAS A PLEASURE WORKING WITH THE
$1.7M
*
AVERAGE RESIDENTIAL SOLD LISTING
L&K TEAM TO SELL OUR BIG SKY VACATION PROPERTY. THEY WERE ENTHUSIASTIC, CREATIVE AND DRIVEN TO ACCOMPLISH OUR GOALS. THE TEAM’S COMMUNICATION IS EXCELLENT – WE ALWAYS KNEW WHEN SHOWINGS WERE GOING TO HAPPEN AND HEARD FEEDBACK VERY PROMPTLY AFTER EACH SHOWING. THIS IS VERY COMFORTING WHEN WE ARE THOUSANDS OF MILES AWAY.
L&K’S COMBINATION OF LOCAL KNOWLEDGE AND WORLD CLASS MARKETING DELIVERS RESULTS.
2017 SALES VOLUME
76
$88.2
*
SALES TRANSACTIONS
M I L L I O N
*List Price
SOUTHWEST MONTANA MARKET REPORT
BIG SKY RESIDENTIAL
420
Residential sales are outpacing active inventory in the Big Sky area for the first time in a decade. Comparatively to 2007, we have less speculative builder inventory where now the majority of sales are resales or developer built properties within the private club market.
150
$200K
275 189
208
248 254
270
325 89
100
$100K
249 262
200
170
$400K
192
250
139
$500K
$291,845
280
300
152
$519,000
93
$600K
$300K
370
350
$687,500
118 118
$700K
400
255 256
$800K
50
$0
0 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
MEDIAN SALES PRICE
ACTIVE VS. SOLD SOLD PROPERTIES
ACTIVE LISTINGS
BIG SKY LAND
150
$0 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
MEDIAN SALES PRICE
0
252 175 107 60
63
88
89 47 26
50
24
$175,000
65
$250,000
100
32
$100K
$242,500
$280,000
48
$200K
$450,000
22
$300K
157
$600K $500K
223
183
200
$700K
$400K
214
211
$846,250
32
$800K
250
242
$900K
256
This is an exciting part of the market where in the past year there has been a 21% decrease in inventory and a higher number of sales than in the past decade.
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
ACTIVE VS. SOLD SOLD PROPERTIES
Statistical information obtained through MLS, information considered reliable but we cannot guarantee its accuracy, as it is provided by third party sources.
ACTIVE LISTINGS
BOZEMAN/BIG SKY MARKET OVERVIEW
TOTAL SALES $ VOLUME Price increases and lack of inventory pulled the sales volume lower in Bozeman, while Big Sky saw a continuation of moderate growth alongside the new commercial and private club infrastructure developments in the community.
$400M 2017 BIG SKY = $289,840,313 BOZEMAN = $337,950,084
$350M $300M $250M $200M $150M $100M $50M $0
2007
2008
2009
2010
2011
2012
BIG SKY
2013
2014
2015
2016
2017
BOZEMAN
LUXURY SALES OVER $1 MILLION The private club market within Big Sky was a major factor in the record number of sales over $1 million within the region in 2017.
89
90 80 70 60
63 54
53
50 39
40
38
30
30
25
23
20
13 12
10 0
52 45
2007
2008
2009
16
2010
28
24
44
48
24
18
13
7
2011
BIG SKY
2012
2013
2014
BOZEMAN
2015
2016
2017
CONSERVATION EASEMENTS
THE MONTANA LAND RELIANCE The Montana Land Reliance (MLR) partners with private landowners to permanently protect agricultural lands, fish and wildlife habitat, and open space. Since its establishment in 1978, MLR has worked with over 850 landowners to protect over 1,030,000 acres of land in Montana. It is the largest land trust in Montana and the largest accredited, statewide land trust in the country.
mtlandreliance.org
jessie@mtlandreliance.org | 406.594.1570
WHAT IS A CONSERVATION EASEMENT? Conservation easements are the only conservation tool that permanently protects private land from inappropriate development. Conservation easements are the legal glue that binds a property owner’s conservation ethic to their land in perpetuity. Donors of conservation easements retain title to their property, and the easement runs with the title, regardless of changes in future ownership.
STEPS TO RECEIVE CHARITABLE INCOME TAX DEDUCTION FOR THE DONATION OF A CONSERVATION EASEMENT:
STEP 1
Landowner and MLR agree on specific terms of the easement and complete “due diligence” work (title commitments, county review, etc.).
STEP 2
A resource documentation report is prepared to document the condition of the property at the time of the easement donation.
STEP 3
A mineral remoteness report is prepared, if necessary, as required by the Internal Revenue Code.
STEP 4
Landowner secures a subordination from any mortgage or contract holders.
STEP 5
Landowner procures a conservation easement appraisal
STEP 6
Landowner consults with professional advisers to review final documents and determine tax consequences.
SOME GENERAL GUIDELINES OF THE DONATION ARE AS FOLLOWS: The amount of the charitable donation is determined by the difference between the value of the property before and after easement restrictions, as determined by a qualified appraiser. The donation amount is treated as a charitable contribution. Landowners donating conservation easements may deduct the value of the easement against 50% of their adjusted gross income in the year of the donation, and up to 15 years in the future for any unused contribution amounts. Qualifying farmers and ranchers may deduct against 100% of their adjusted gross income Farm and ranch corporations may also be eligible for the 100 percent deduction available to agricultural landowners.
FEATURED PROPERTIES WITH CONSERVATION EASEMENT POTENTIAL: SxS Ranch (page 36 ), Lot 3 Joy Road (page 30 ), & Homestead at the Beacon (page 43)
DEVELOPMENT CONSULTING
Whether initiating a new concept for a development or looking to revitalize a project where sales have slowed, our team has expertise in both project start up and master planning, as well breathing new life into a past project that has plateaued.
MASTER PLANNING
MARKETING
SALES CONSULTING
Project concepting
Marketing plan
Sales training
Product development
Content creation
Sales reporting and tracking
Feasibility study
-Photos
Leadership training
Land use plan
-Video
Database development
Project logistic advisement and network
-Maps
Product launching
Development community concept
Conceptual drawings
Strategic Partnerships
Analysis of current project plans for update
Market positioning
CURRENT PROJECTS
MUKUL RESORT, NICARAGUA
COMING IN 2018:
mukulresort.com
Bozeman neighborhood development project
PRIVATE LUXURY CLUBS YELLOWSTONE CLUB | SPANISH PEAKS MOUNTAIN CLUB | MOONLIGHT BASIN
View from Lot 433 Serpens Trail at Yellowstone Club
RIVER RUNS THROUGH IT LOCATION Yellowstone Club* SIZE 13,349 SQ FT 7 bedrooms, 10 bathrooms 2.88 ACRES OFFERED AT See listing agent for details
The largest ski-in, ski-out home available at Yellowstone Club
388 ANDESITE RIDGE ROAD LOCATION Yellowstone Club* SIZE 5,020 SQ FT 4 bedrooms, 5 bathrooms 2.15 ACRES OFFERED AT $6.69M
Recently remodeled ski-in, ski-out home with southern exposure
LOT 338 BRISTLECONE DRIVE LOCATION Yellowstone Club* SIZE 14.6 ACRES OFFERED AT $4.95M
Panoramic mountain views from the largest available residential lot at Yellowstone Club
LOT 86 ANDESITE RIDGE ROAD LOCATION Yellowstone Club* SIZE 2.64 ACRES OFFERED AT $3.3M
Breathtaking views combined with both Nordic and alpine ski access
LOT 433 SERPENS TRAIL LOCATION Yellowstone Club* SIZE 1.89 ACRES OFFERED AT $2.95M
Ski Access with spectacular Pioneer, Cedar and Lone Mountain views
SKI TIP LOT 10 LOCATION Spanish Peaks Mountain Club* SIZE 1.02 ACRES OFFERED AT $975K
Incredible ski-in, ski-out lot located near the Spanish Peaks Clubhouse
LOT 38 BRISTLEBRUSH LOCATION Spanish Peaks Mountain Club* SIZE 1.27 ACRES OFFERED AT $800K
Breathtaking views on Spanish Peaks Mountain Club golf course
LOT 39 DIAMOND HITCH LOCATION Moonlight Basin* SIZE 1 ACRE OFFERED AT $595K
Ski-in, ski-out homesite surrounded by mountain views
LOT 118 OLD BARN ROAD
LOT 119 OLD BARN ROAD
LOCATION Spanish Peaks Mountain Club*
LOCATION Spanish Peaks Mountain Club*
SIZE 2.49 ACRES
SIZE 3.13 ACRES
OFFERED AT $475K
OFFERED AT $450K
Southern exposure lot bordering open space
Private, creekside lot with southern exposure and mountain views
BIG EZ LOT 42
BIG EZ LOT 43
LOCATION Big EZ Estates
LOCATION Big EZ Estates
SIZE 20 ACRES
SIZE 20 ACRES
OFFERED AT $399,000
OFFERED AT $375,000
SOLD TOGETHER $699K | Optional Spanish Peaks Mountain Club membership
BIG SKY MOUNTAIN | MEADOW | CANYON
KANDAHAR AT BEEHIVE BASIN 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
MOOSE RIDGE LODGE LOCATION Big Sky Mountain SIZE 3900 Sq. Feet 4 bedrooms, 4.5 bathrooms 1.14 Acres OFFERED AT $2.45M
Gated community residence with abundant wildlife and Lone Peak view
2789 TWO MOONS ROAD LOCATION Big Sky Meadow SIZE 3 bedrooms, 4.5 bathrooms 1.22 ACRES OFFERED AT $1.795M
Creekside new construction home near Town Center
25 LOWER DUDLEY CREEK LOCATION Gallatin Canyon SIZE 4,376 SQ FT 5 bedrooms, 3 bathrooms 9.74 ACRES OFFERED AT $1.65M
Spacious log home with Gallatin River views
100 CRAIL RANCH DRIVE LOCATION Big Sky Meadow SIZE 3,730 SQ FT 4 bedrooms, 4 bathrooms OFFERED AT $1.29M
Creekside luxury condo in the heart of Big Sky
99 PHEASANT TAIL LANE UNIT 2 LOCATION Big Sky Town Center SIZE 2,592 SQ FT 3 bedrooms, 3 bathrooms OFFERED AT $695K
Urban living in a beautiful mountain setting
70 UPPER WHITEFISH DRIVE LOCATION Big Sky Meadow SIZE Main home: 4 bedrooms, 3.5 bathrooms 2,656 SQ FT Guest apartment: 1 bedroom, 1 bathroom 756 SQ FT OFFERED AT $895K
New construction home with proximity to Town Center amenities
12 RUBY RANGE LOCATION Gallatin Canyon SIZE 3,133 SQ FT 4 bedrooms, 2.5 bathrooms .73 ACRES OFFERED AT $755K
Great views, private and well-maintained
SUMMIT HOTEL CONDO UNITS 911-912 LOCATION Big Sky Mountain SIZE 1,303 SQ FT 2 bedrooms, 3 bathrooms OFFERED AT $695K
Slopeside living and hotel conveniences
VILLAGE CENTER #281 LOCATION Big Sky Mountain SIZE 473 SQ FT Studio OFFERED AT $295K
Ski-in, ski-out in Big Sky Resort base area
FIRELIGHT CONDO C-15 LOCATION Big Sky Meadow SIZE 1,092 SQ FT 2 bedrooms, 2 bathrooms OFFERED AT $274.9K
Furnished condo with close proximity to Big Sky’s Town Center.
HILL CONDO 1329 LOCATION Big Sky Mountain SIZE 668 SQ FT 2 bedrooms, 1.5 bathrooms OFFERED AT $219K
Loft condo with proximity to Big Sky Resort base area
MOUNTAIN MEADOWS LOCATION Gallatin Canyon SIZE 120 ACRES OFFERED AT $3.495M
Large acreage with Lone Peak view
LOT 287A RISING BULL LOCATION Big Sky Mountain SIZE 1.04 ACRES OFFERED AT $650K
Ski access property with Lone Mountain view
BEAVER CREEK WEST LOT 4 LOCATION Big Sky Mountain SIZE 20 ACRES OFFERED AT $539K
Incredible mountain views
LOT 1 CIEL DRIVE LOCATION Big Sky Mountain SIZE 8.03 ACRES OFFERED AT $415K
Large, private location with Lone Peak views
LOT 3 JOY ROAD LOCATION Big Sky Mountain SIZE 6.83 ACRES OFFERED AT $395K
Creekside location near Beehive Basin trailhead with conservation easement opportunity
TRACT 4, SECTION 17 LOCATION Gallatin Canyon SIZE 1.4 ACRES OFFERED AT $254K
Just minutes from Big Sky Resort with incredible views of Porcupine Preserve
COMMERCIAL
BIG SKY ENTRANCE PROPERTY LOCATION Gallatin Canyon SIZE 4.61 ACRES OFFERED AT $3.24M
Premier location at the entrance of Big Sky. Commercial and residential development opportunities exist
MARKET PLACE UNIT 104 LOCATION Big Sky Town Center SIZE 1,204 TOTAL SQ FT OFFERED AT $560,920
Retail space in the heart of Big Sky Town Center. Also offered for lease.
205/207 RJS TOWER LOCATION Big Sky Town Center SIZE 961 TOTAL SQ FT OFFERED AT $339K
Premier office space with reception area
GREATER MONTANA BOZEMAN | YELLOWSTONE REGION | GREATER MONTANA
Homestead at the Beacon
BOZEMAN AREA
LIMESTONE CREEK LOCATION Bozeman, MT SIZE 10,297 SQ FT 4 bedrooms, 6 bathrooms 40 ACRES OFFERED AT $12.9M
Elegant, refined living backs to miles of forestland just minutes south of Bozeman
353 LITTLE WOLF ROAD LOCATION Bozeman, MT SIZE .77 ACRES 2,784 SQ FT 3 bedrooms, 3 bathrooms OFFERED AT $625K
Privacy and views at a great value in Spirit Hills neighborhood
261 PARKLAND TRAIL LOCATION Bozeman, MT SIZE .27 ACRES 3,943 SQ FT 5 bedrooms, 3.5 bathrooms OFFERED AT $665K
Beautiful home in Middle Creek Parkland neightborhood
SxS RANCH LOCATION Bozeman Area SIZE 483.78 ACRES | 4 Parcels STRUCTURES Barn | Cabin (under construction) OFFERED AT $7.5M
Wide open spaces, incredible mountain views, onsite hunting, fishing and recreational amenities combine with proximity to the vibrant community of Bozeman for an unparalleled Montana experience Conservation opportunity exists
ROCKING R7 RANCH LOT 4 LOCATION Bozeman Area SIZE 20.232 ACRES OFFERED AT $650K
Amazing views within a shared lifestyle community
1800 SKUNK CREEK ROAD LOCATION Bozeman, MT SIZE 38.71 ACRES OFFERED AT $393K
Beautiful parcel with creek near Bozeman
COMMERCIAL BEAVER POND PLAZA UNITS 8A & 8B LOCATION Bozeman, MT SIZE 3,400 SQ FT OFFERED AT $390K
Great location with three separate offices
AIRPORT GARAGES LOCATION Bozeman, MT SIZE 23’x11’10” WITH 9’x9’ DOORS OFFERED AT $24.9K - unheated $29.9K - heated
Walking distance to Bozeman Yellowstone International Airport Taking reservations for "G" building
WEST YELLOWSTONE / HEBGEN LAKE
YELLOWSTONE RANCH PRESERVE PROPERTY TYPE Conservation & Recreation Ranch Site 1 | 277.17 Acres | $8.365M Ranch Site 2 | 239.75 Acres | Under Contract Ranch Site 3 | 236.52 Acres | 2702 Sq. Feet | $6.95M
Waterfront conservation property on Hebgen Lake with private marina
OSPREY COVE LAKEHOUSE LOCATION Hebgen Lake, MT SIZE 4,628 SQ FT 3 bedrooms, 3 bathrooms, plus 2 bonus rooms 1.03 ACRES OFFERED AT $1.795M
Remodeled lakefront home
LOT 14 CHOKECHERRY LANE LOCATION West Yellowstone, MT SIZE 1.085 ACRES OFFERED AT $97.5K
Great value lot within minutes of Yellowstone National Park
GREATER MONTANA
MISSOURI RIVER RANCH LOCATION Craig, MT SIZE 160 ACRES 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 $5.9M
Fly-fishing guest lodge with nearly 1.5 miles of Missouri River frontage in one of the hottest fly fishing destinations in the state
HOMESTEAD AT THE BEACON LOCATION Butte, MT SIZE 640 ACRES STRUCTURES Two primitive cabins OFFERED AT $1.65M
Surrounded by mountain views with incredible elk hunting. Potential for subdivision development or conservation
L&K Real Estate P.O. Box 161236 Big Sky, Montana 59716
For more information or private showings contact:
406-995-2404 View Videos Online
LKRealEstate.com
or email info@lkrealestate.com
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. * Private Club membership by invitation or upon approval. Š2017 LK REAL ESTATE, llc. lkrealestate.com