l&k magazine - summer 2014

Mountain Chateau, Yellowstone Club, Big Sky, Montana

S O U T H W E S T M O N T A N A P R O P E R T Y C O L L E C T I O N

summer 2014

photo by Karl Neumann

"After working with Eric Ladd with previous real estate deals, I chose to list my property with L&K, knowing he and his team have the experience, expertise and client network to market and sell my home.” - Matt

June 2014Greetings from Big Sky!

After enjoying one of the best snow years on record this past winter, we are excitedto put our skis away and our flip-flops on.

Southwest Montana has a fresh perspective and relaxed atmosphere in summer. Locals and visitors alike enjoy meandering down to the Gallatin River for its Blue Ribbon trout fishing and whitewater rafting, hiking through the wildflower meadows in Beehive Basin, or taking a day trip through Yellowstone National Park to see the geysers and abundant wildlife. While these natural attractions remain a draw, the growing urban life of Bozeman and Big Sky is fueling the economy and creating investment opportunities for those who are looking to make this lifestyle their own.

Big Sky is showing a recovered, healthy market with sustainable growth encouraged by new ownership and mergers completed in the major area resorts. It is now building on a foundation of a strengthened community and is a great value in the Rocky Mountain west. After the first half of 2014, prices have increased by ~6%, with a relatively low inventory, creating a sweet spot in a risk-reward ratio. The lower average price per sq. ft on luxury homes than competing resorts such as Vail and Jackson, combined with great access to recreation has also helped spur sales, with double the number of residence sales compared to the top of the market in 2007.

At L&K, we are very thankful for the relationships developed over the past two years. In this short amount of time, the reaction of the market has been incredible, with our exposure reaching over 17 million people in the past year. We have had great success working as a team representing developers, buyers and sellers throughout the region including Yellowstone Club, Spanish Peaks, Moonlight Basin and Bridger Canyon, completing almost $19 million in sales since the beginning of 2014. We are excited about continuing to help find the perfect home for our buyers, marketing and selling homes for our listings, and consulting on some forward thinking development projects throughout the US.

We would appreciate the opportunity to discuss the market with you whether you are interested in buying, selling, or curious about how it affects your current investments.

Sincerely,

Eric Ladd, Ryan Kulesza & the L&K team

Real Estate Brokerage, Consulting & Development

Ladd, Kulesza & Company

L&K Real Estate, Development and Consulting is a boutique brokerage based in Big Sky, MT with over 50 years combined experience and over $1 billion in sales. Specializing in luxury lifestyle properties, we work with clients to assist with their real estate needs. We understand real estate from land development to marketing and sales of finished products.

Our experience varies from consulting on international residential and commercial development projects, to representing luxury listings in Southwest Montana including properties in Yellowstone Club, Spanish Peaks, Moonlight Basin and Bridger Canyon.

Our personal approach and strong marketing influence is a refreshing change to the current standard in the Real Estate industry, working as a licensed team to represent our clients, rather than individual competing agents.

who we are

Eric LaddOwner

Ryan KuleszaOwner/Broker

Katie MorrisonMarketing Director

Karen DavidsOffice Manager

Carrie MechuraClient Development Specialist

Bryce ConneryRanch & Sporting Specialist

what we doProperty Sales• Market listings globally

• Consistently communicate with sellers on showings, leads, and promotions

• Professionalism in sales process from listing through closing

• History of over $1 billion in sales

Buyer Representation• Market knowledge to assist in property buying process

• Effectively negotiate on buyer’s behalf

• Network to assist in real estate purchases globally

• Facilitate all transaction types including auction representation, short sales, and foreclosures

Development Consulting• Market analysis including audit of regional and comparative markets

• Master planning for horizontal and vertical development

• Financial forecasting

• Sales and marketing plans

"After recently selling our home through L&K, we are impressed with the efforts they made in both promoting our property to find a buyer, as well as their diligence in ensuring everything was taken care of through the contract and closing process." - M.C & K.C

Bryce ConneryRanch & Sporting Specialist

at a glance

Featured article in the May/June 2014 Robb Report: Home & Style magazine

Our personal approach and strong marketing influence is a refreshing change to the current standard in the Real Estate industry, working as a licensed team to

represent our clients, rather than individual competing agents.

Featured Publications

• Explore Big Sky• explorebigsky.com• Mountain Outlaw• Robb Report• robbreport.com• Cottages and Gardens

• Wall Street Journal• wsj.com• Bozeman Chronicle• Zillow• Trulia• greatfallstribune.com

• curbed.com• Jetset Magazine• jetsetmag.com• cottages-gardens.com• bozemandailychronicle.com• CNBC.com

L&K Real Estate reached over 17 million people in the past year,

more than any other brokerage in the region.

Big Sky Market Statistics 2007-2014 (January- May)

Sold residences Median sale price Total sold price# #

$2,106

$2,576

$1,819

$2,359

$1,738

Aspen Vail Park City/Deer Valley

Jackson Hole

Big Sky

Luxury Properties in Rocky Mountain Ski Resort Towns*Average Price Per SQ. FT*ski-in, ski-out properties valued at $5 million +

93786954

800k

600k

400k

200k

20142007

46 44 27 59

Statistics are currently showing a healthy market in Big Sky. 2014 notes the high point in residence sales, while median home prices remain below the eight year average.

Big Sky luxury properties are a rare value compared to similar markets.

Grouse Ridge

Anaconda Rd

MedicineBundle

MOONLIGHT BASIN

YELLOWSTONE CLUB

SPANISH PEAKS

TOWN CENTERBIG SKYMEADOW

TO BOZEMAN & BRIDGER CANYON

GALLATIN CANYON

TO YELLOWSTONE NATIONAL PARK

L&K property listings

OFFERED AT: $20,000,000

M O U N TA I N C H AT E A U

12,976 SQ. FEET – MAIN HOME387 SQ. FT. – SKI CABIN2220 SQ. FT- DECKS AND PATIOS

2.95 ACRES/ 15,583 SQ. FT= TOTAL

6 bedrooms, 8 bathrooms

Mountain Chateau is the ultimate Rocky Mountain ski home, situated directly on alpine and Nordic trails, providing unparalleled ski access in a secluded environment surrounded by pines. Located an hour north of Yellowstone Park and an hour south of Bozeman, MT at the private golf and ski community of Yellowstone Club, the residence achieves the rare balance of elegant luxury living in the heart of the rocky mountain west. The layout is spacious, achieving main floor living through the kitchen, dining, wine and great room, plus master bedroom wing; complete with his and her offices

and library. The home has plenty of room for guests, with additional bedrooms on the lower level as well as a guest wing on the upper level. The lower level has additional amenities including well-equipped exercise room, cinema and bar. Detailed craftsmanship and elegant finishes are showcased throughout the home, from intricate molding, to a custom designed spiral staircase and Italian marble floors. A charming adjacent ski cabin, with direct ski-in/ski-out access, has a wax room, boot dryers, ski storage and fireplace, completing this exclusive ski residence.

Membership by invitation

T H E Y E L L OW S TO N E C L U B

OFFERED AT: $13,700,000

2 0 M I L L E R L A N E

1.23 ACRES/ 9,244 SQ. FT.8 bedrooms, 9 bathrooms

One of only nine single family residences in the base area of Yellowstone Club, this home is a rare opportunity to have incredible ski-in, ski-out access, spanning views, and be just a few turns away from all of the lodge amenities. Designed by the renowned architect-building combination of Larry Pearson Design and Lohss Construction, rustic materials are blended with modern day comforts for truly luxurious mountain living.

The main floor offers connected living spaces opening from the kitchen and dining to the great

room. Elevated ceilings with reclaimed barnwood and timber beams are accented by a two-sided wood fireplace with custom Montana Moss stone masonry. An adjacent master suite, breakfast nook and covered deck round out the primary living space. Additional bedrooms are located on the upper and lower levels, with spacious ski room, recreational room and bar opening out to the patio, hot tub and ski access. This residence is a phenomenal opportunity to own in the Yellowstone Club base area, without sacrificing privacy and space.



OFFERED AT: $13,000,000

R I V E R RU N S T H RO U G H I T


Like the book and movie of the same name, the River Runs Through It residence evokes deep emotions and reverence for the natural world. This impressive residence boasts nearly 15,000 square feet of indoor and outdoor living space. The scale of the home mirrors the grand scale of the mountains; careful window placement allows maximum views of Lone Peak, Eglise, Cedar, and Pioneer Mountains from nearly every room. Outside the home, a “jumping stream” water feature encircles the house, ending in a large pond, complete with a fountain that evokes the natural geysers found in

nearby Yellowstone National Park.Custom features such as this are evident throughout the residence, including a Warren Miller cartoon wall in the lower level family room and a two-sided stone fireplace in the great room. The home has a spacious layout with elegant main floor living, accented by spaces to play on the lower level including a cinema, ski room and well-equipped exercise rom. An additional three bedroom guest wing offers privacy to share this incredible place with friends and family.



OFFERED AT: $10,990,000

F O U R P E A K S L O D G E

2.05 ACRES / 10,451 SQ. FT.7 bedrooms, 10 bathrooms

Four Peaks is located on the northern edge of the private golf and ski community of Yellowstone Club. Positioned between Lone Peak and Andesite Mountain, it offers some of the best views and ski access you will find anywhere in the Rocky Mountain west. The home is designed and built by the award winning architect- builder combination of 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 theater, zen room, wine room, arcade and kids adventure bunkroom that offer year round entertainment for all ages.



OFFERED AT: $3,490,000

1 0 H A L F H I T C H


Located in the desirable Diamond Hitch neighborhood in the base area of Moonlight Lodge, this ski-in, ski-out home has great views and an appealing floor plan. Ski directly from the home to the base of Iron Horse Lift in just a couple turns, or take a hike on trails connecting to Big Sky Resort to the South or Ulerys Lake to the North.

An open floor plan with kitchen, dining, living room and wrap around deck all combine for a great space to host large groups. The adjacent master wing is also on the main floor, complete with laundry, footed tub, fireplace, office, and separate deck.

The second floor provides comfortable private spaces for guests.Two spacious

suites with individual bathrooms and sitting areas give guests luxurious accommodations. A third bedroom with two beds, den, and separate bath adds an additional gathering space, while maintaining a cozy mountain environment.

Spectacular panoramic views of the Spanish Peaks are shown with large windows in the main living area in addition to multiple nooks throughout the residence.

A great home to share, with some of the best ski access available and large spaces to entertain, but also ideal to keep to yourself, with a layout that is comfortable for personal use.

M O O N L I G H T B A S I N

2 5 7 0 O U S E L FA L L S RO A D

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, three car heated garage and laundry all on one level. The open design is naturally lit and has a tasteful blend of reclaimed wood 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, laundry 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.

Membership upon approval


SPANISH PEAKS MOUNTAIN CLUB

C A B I N 2

This cabin at Spanish Peaks Mountain Club has an ideal location near the Clubhouse on the 18th hole, with ski in, ski out access. The layout of the home easily accommodates guests, with 6 bedrooms, 8 bathrooms spread across 3 levels. Comfortable main floor living is complete with a lock off master suite and secondary master bedroom, in addition to an open great room, dining and kitchen area.

Outdoor spaces are ample, with six separate decks and patios to enjoy summer evenings including an outdoor fireplace, hot tub and grill. Indoor spaces feel warm and inviting with three gas fireplaces, stonework, large timbers, hardwood floors, and tile finishes.Additional living area is located on the lower level with 2 additional bedrooms, 3 bathrooms, and a rec. room and bar.

The remaining 2 guest rooms are on the upper level in addition to a loft that overlooks the great room.

Functional for individual family use as well as potential for a vacation rental with lock off spaces and owner closets, this cabin is suitable for a variety of uses.

Spanish Peaks Mountain Club has been operated by Montage Resorts since 2013. Current amenities include ski access to Big Sky Resort with Sacajawea warming hut, Nordic skiing, private 18 hole golf course, hiking & biking trails, and Clubhouse facility including Pro Shop, Bar, Dining room, lockers, steam room, workout facility, kids area, and massage rooms. In addition, members have access to other private clubs throughout the world via reciprocal use program.


3,636 SQ. FT.6 bedrooms, 8 bathrooms


L O N E P E A K TOW N H O M E 5 3

Located in the heart of Big Sky Town Center, this upscale condo has a great balance of mountain home feel combined with modern amenities. With the master suite situated on the main floor, one level living can be achieved, with additional guest rooms on the second floor. The kitchen, dining, and living areas are open,

creating an environment that is easy to entertain in. Soaring ceilings, stone fireplace, hardwood floors, and tile finishes provide an elegant, but functional character to the residence. Settled in a private feeling neighborhood within a circle, the home is also within a short walk to dining, shopping, shuttle to Mountain Village,

Farmer’s Market and concerts. Includes attached one car garage. Ideal for permanent residents or vacation home, with great short-term rental potential.

OFFERED AT: $539,000


B I G S K Y TOW N C E N T E R

1 0 8 5 L O O K I N G G L A S S

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 and efficient forced air heating. The upstairs master bedroom is spacious and private, while the 2 car garage includes a mud entry with laundry room into the home. This property is also wired for an invisible fence.

. 3 1 A C R E S / 2 , 1 0 0 S Q . F T.3 bedrooms, 3 bathrooms


BIG SKY MEADOW

S PA N I S H P E A K S 4 0

Quiet location at Spanish Peaks Club Condos with south facing windows overlooking open space of Big Sky Golf Course. The condos are located on the BSCC trail system in the meadow village, with direct access to hiking, biking, and xc skiing as well as a Big Sky shuttle stop near by. They are adjacent to the Big Sky Golf Course with their own clubhouse complete with pool and recreational facility. This spacious three bedroom unit with bonus room is uniquely finished with an additional powder room on the main floor living area, ready for your personal touches.


2,969 SQ. FT.3 bedrooms, 3.5 bathrooms

BIG SKY MEADOW

PA R K C O N D O 2 9 4

Ideally situated behind the 9th tee box on Big Sky Golf Course, with unrivaled views of Lone Peak, Park Condo 294 is an

attractive combination of practicality and comfort. It boasts one level living with an open floor plan including a recently updated

kitchen featuring granite tile island and counter tops.

Recreation and relaxation are abundant with a pool, hot tub, XC skiing, and golfing just outside the patio. Shopping, dining,

Community Park, trails, shuttle to the Mountain Village and business services are also within a short walking distance



BIG SKY MEADOW

C E D A R C R E E K 4 5

868 SQ. FT.2 bedrooms, 2 bathrooms

Upstairs Phase 2 Cedar Creek unit. These 2 bed/2

bath units have been great long or short term rentals

or your own private get-a-way in Big Sky, just minutes

away from the slopes. Walking distance to the Big Sky

Skyline Shuttle service or to fine dining, shopping or

two small grocery stores. All furnishings convey. Enjoy

summer or winter activities in southwest Montana.


G L A C I E R C O N D O 1 5 9

1,136 SQ. FT.2 bedrooms, 3 bathrooms, and loft space

Glacier Condos are conveniently located on the Big

Sky Golf Course in the meadow village. This unit has

a unique layout with a loft and washer/dryer and is

just steps from the association pool and recreation

center. The condo has an open floor plan on the

main level with kitchen, dining, bathroom, and

living room combined, complete with a fireplace and

south facing deck. The lower level has two bedrooms

with separate bathrooms and patio space from each.

Walk to the events, dining and shopping at Big Sky

Town Center, or recreate out your door with XC

skiing and golfing next to the development.


BIG SKY MOUNTAIN VILLAGE

B I G S K Y M E A D OW

F I R E L I G H T C O N D O C - 7


Located within walking distance to both Ousel Falls and

Big Sky Town Center, the condo is a great investment

property with a strong rental history. Comfortable floor

plan with master and secondary bedrooms separated

by an open kitchen, dining, and living room space,

completed with a propane fireplace. The south facing

walkout patio to the courtyard is also a nice additional

space for summertime living.

F I R E L I G H T C H A L E T 4 7 2


This 2 story condo in the heart of Big Sky is great for

a home or a vacation getaway. This unit is an end unit,

receiving ample natural light. Firelight Chalets are the

perfect location in Big Sky, close to the Town Center,

shopping, restaurants & plenty of winter or summer

activities. A public transportation stop is located right in

Firelight Meadows, so leave the car & let Skyline do the

driving for you to the Mountain Village, Big Sky Resort,

restaurants in the Canyon or even Bozeman.



Walking distance to the best dining, shopping, and events of Big Sky located in Big Sky Town Center



L O T 3 6 A

C O P P E R C O U RT

5 ACRESCul-de-sac location

Lot 36A is ideally located at the end

of the Copper Court cul de sac, atop

a ridgeline within the private ski and

golf community of Yellowstone Club.

The large five acre neighborhood lot

is flanked by a stand of trees offering

privacy to the north, adjacent pond to

the south and open views of the Gallatin

Range from the building envelope to the

east. The lot features naturally existing

meadows with glacier lilies, paintbrush

and natural grasses, welcoming

abundant wildlife including deer, moose

and elk.



L O T 3 2 6

U P P E R C E D A RV I E W D R I V E

3.24 ACRESSki-in, ski-out location

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.




Stunning Spanish Peaks views and level building envelope note this 1.05 acre 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 located nearby.

E L K R I D G E 6 3



1.05 ACRESSki access locationMembership upon approval

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.

LOT 87

CROWN BUTTE ROAD

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.

LOT 93

SETTLERS LOOP ROAD

L O C AT I O N H E R E




4.84 ACRES

3.65 ACRES



M O U N TA I N M E A D OW S

Welcome to the top of Big Sky. 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. Visitors to this ground, time

and time again, fall in love with it. This

120-acre parcel is surrounded on all

sides by other large parcels, providing

maximum privacy, and is one of the

few large parcels remaining in Big Sky.

Beyond the commanding views, the most

exciting aspect of this property is the

wildlife: the elk often calve here, grizzly

bears roam, bald eagles hunt, and moose

migrate. This site is located halfway

between Yellowstone National Park and

Bozeman, Montana, and less than 20

miles to Big Sky Resort.


120 ACRES

G A L L AT I N C A N Y O N

G A L L AT I N C A N Y O N


This five acre tract is a great opportunity

for a recreational residential property.

Located adjacent to the Buck Creek Ridge

trailhead for snowmobiling, hiking,

horseback riding, and biking. It is also

across Gallatin Road from Gallatin River

and is near Ophir School and Lone Peak

High School. Numerous possibilities for

the land exist: horses are allowed, there

are no covenants, and zoning allows for

subdivision to 2.5 acres. Flat building

site and incredible views of the Gallatin

Range in addition to its convenient

location round out this notable property. OFFERED AT: $250,000

T R A C T 2

C O S 2 0 7 1

A charming lot with streamside location on the West Fork River in the Big Sky meadow village. Tucked into old growth trees, this secluded property has privacy, yet is walking distance to shopping, dining, and events in Big Sky Town Center. Additionally, the Big Sky Golf Course, Big Sky Community Park and trail system are also all nearby.


LOT 43A

HALF MOON COURT

5 ACRES

1.22 ACRES

M A R K E T P L A C EBIG SKY TOWN CENTER

UNITS & PRICING

102 $537,662

103 $394,410

104 $405,924

201 $489,465

203 $365,760

1595 sq.ft / leased

1170 sq.ft / leased

1204 sq. ft / leased

1,452 sq. ft / leased

1085 sq. ft / leased

Located on the west side of the Bozeman Yellowstone

International Airport, these garages are walking

distance to the terminal. They are spacious, easily

fitting a large truck or suburban at 23’ x 11’ x 10’

with 9’ x9’ doors. Equipped with onsite coded door

openers, they are convenient for frequent travelers

and second home owners. At the airport there is

long term parking or short term parking, but this

allows you to have parking on your own terms.

A I R P O RT G A R A G E S

OFFERED AT: $20,000/each

"It was a pleasure working with the LK 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. “

“I’m in love with Montana. For other s tates I have admirat ion, respect, recognit ion, even some affect ion. But with Montana i t i s love. And i t ’ s d i f f icul t to analyze love when you’re in i t .”

-John Steinbeck

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. ©2014 LK REAL ESTATE, llc. lkrealestate.com

Real Estate Brokerage, Consulting & DevelopmentLadd, Kulesza & Company For more information or

private showings contact:

View Videos Online

406-995-2404

View from Lot 36A Copper Court

or email [email protected]

LKRealEstate.com

l&k magazine - summer 2014

Documents

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real estate needs

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healthy market

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