A Montana Real Estate Value Play In the Rocky Mountain Recreation Market
People that purchased real estate in Jackson, Wyoming during the 1970s and 1980s are dancing a jig today. In fact, some of the nation’s wealthiest individuals purchased real estate in the area because of its beauty and proximity to Yellowstone National Park; the twenty-fold rise in values over the past 20 years has seen a huge bonus. Aspen , Vail, Park City and many other Rocky Mountain destinations experienced a similar good fortune. The Montana real estate value represented by Red Lodge is a tremendous discovery of value. Jackson, Vail, and Telluride perhaps possesed this type of charming Victorian allure once upon a time, but Red Lodge, Montana still has this authenticity. Take note. Butch Cassidy attempted a bank robbery here and the infamous Calamity Jane stayed at the Pollard Hotel.
Red Lodge Mountain is now owned and operated by JMA Associates of San Francisco, which has been a great improvement. More lift upgrades and snow making capacity are just some of the major capital improvement that are already underway. After most US resorts suffered from prolonged periods of hyper-inflation, this Montana town has remained very modest in price. In 2008. a new hospital started construction, a newly open $9 million high school is complete, a new Red Lodge Ales brewery opens in May, and there are millions more in improvements. Numerous other improvements can be seen all over town as indications of an the town’s bright future.
The one million acre Absorka-Beartooth wilderness , which borders Red Lodge .contains all of Montana’s highest mountain peaks over 12,000 feet. It’s a place where you can do all the challenging recreation without limitations such as backpacking, rock climbing, skiing, mountain biking, kite skiing, snowmobiling, and high mountain lake fishing. The most affordable resort real estate in Rockies lies in Red Lodge, Montana when compared to other resorts having both a ski resort and golf course.
“That is an interesting question that we don’t feel will be asked for many more years, as we expect to see prices rise.” this was the answer of architect Don McLaughlin for the question, “Why Red Lodge real estate is so inexpensive?” The Spires design team was led by Don McLaughlin, AIA, who has over 40 years of experience. He was also instrumental in creating Red Lodge’s National Historic District in the early 1980s by chronicling all of the town’s historic structures with his wife Betsy.
The Spires build Retirement Communities as one of the finest in Montana Billings
The attraction with a small mountain town like Red Lodge is complex, like a fine wine, from its authentic downtown to the multitude of recreational opportunities. From its authentic downtown to the multiple recreational opportunities, the complex nature of the attractiveness this town is hard to describe. The town is an eclectic mix of artists, ski bums, former chiefs of staff of U.S. Senators, authors, and a host of interesting world travelers that all reside together in this quaint village. It is not unusual here for people that you don’t even know to wave at you, reinforcing the friendly nature of the town.
Let the Sun Shine Down On Me!
Post a comment