What will $225K buy you in Jackson Hole? Well…. How about a 500 square foot, zero bedroom condo. But hey, its walking distance to the Tram so you will easily save that much on parking fees alone.
Details
Price: $225,000
Style: Condo/Townhouse
Bedrooms: 0
Baths Full: 1
Three Quarter Baths: 0
Baths Half: 0
Sq Ft: 500.00
Year Built: 1973
Subdivision: Sleeping Indian Condo
Tax Fee: 1354.45
more info at ski.curbed.com
why is it so expensive out there? could build a cabin for that much
location, location, location. You could easily build something for half that amount or less, but where will you put it? Certainly not within walking distance to any trams.
i have a sled..
you could get 200 pairs of Kestles for that dump!
who the hell skis on those things? i thought they were free nowadays
well lets see….rent it out at $225 bucks a night….48% occupancy per year….sooo….about 175 night per year paying $225 average rate….that is $39,420 bucks or revenue….cost of contract houskeeping and condo fees….lets say 12k/year….so you are still left with 27K….lets say 30 year mortgage with 20% down….@ 5% rate that would be say about $1000 mortgage payment..soo….multiply that 12 and you get $12,000 subtract that from your left over income, and you have $15k….trick is getting the 50k down payment…
$225 a night seems high… more like half that
So that gives you enough profit to book something bigger while “your” place is getting rented. Just so you don’t forget why you bought slopeside at JH in the first place! Lol
You must have smoked a couple j’s before you did this math
Jackson is a Hole. And why would anyone want to compete with the crowds, people for that kind of money.
Crowds and People? You must be thinking of somewhere else. This is a good deal for anything within walking distance to the tram.
you’re right jackson backcountry is so small you better not come and crowd it all up
Similar @ Squaw would start around $400K I think
Actually here in Squaw a 1 bed/1 bath with 656 sq ft and walking distance to the lifts (410 Squaw Peak Rd) sold recently for $155,000.
Or you could buy a lot in a little known valley right around the corner (not teton valley) with a giant lake and all the backcountry skiing you could possibly imagine for 50k build a nice cabin for 100k and go to jackson when you feel like it. Which in my case is NEVER!
2 seasons in JH was enough for me. But living there I did find that nearby was just as incredible and much more affordable. saves you enough to own 10 new rmk 800′s and the people outside of JH are much more approachable and less snooty. Real People and the mountains are almost more accessable.
Sounds great if you don’t need to work… Living in the undisclosed valley that you mention (not trying to blow up your spot here!) would be awesome if I didn’t have to drive 45 minutes to work every day. I’ll take a shitty house over a shitty commute any day. And also, most people under 50 are pretty chill in Jackson. It’s those old rich f*cks you need to watch out for!
Oh, and what’s up with the 10 new RMK 800′s? Can I come ride one!
Work?
where is this magical land? pinedale?
maybe?
is the cow blanket included? worth it
WTF? That place is worth nothing…. If you can’t enjoy the tv or fireplace from bed in a 500sqft studio apartment slopeside, come on… what’s the point? That is unless the cow blanket is included, then TOTALLY worth it…
I think its up to me how many bedrooms there are. Don’t you? Fuck you real estate lady, this bedroom has an oven in it. This bedroom has alot of people sitting around, watching TV.
- Mitch Hedberg
…and this bedroom’s in that guys house.
Try Aspen cheapskates
no thanks
nice try there pal – http://25.media.tumblr.com/tumblr_lfysxxW5Ro1qey91so1_400.jpg
I lived in this place for a season and loved every minute of it. I use to snowboard to my front door. The neighbor is an ass though.