There aren’t many opportunities to own a well-maintained, abandoned ski resort, but there are some diamonds in the rough out there. Plymouth Notch in Vermont has been on the market since the fall of 2018, and just recently had a $1 million dollar price reduction to entice buyers in a sizzling real estate market. Now priced at $6.5 million dollars, Plymouth Notch will give you a ski resort in the heart of the Green Mountains.
Plymouth Notch consists of two mountains, presently with 150 skiable acres and 28 trails all located on Bear Mountain. Salt Ash Mountain adds an additional 300 acres of skiing capacity to the project. The sale includes 750 total acres, an 8,000 sq ft Lodge with a fully equipped kitchen & bar area, double chairlift, snowmaking pond capable of 100% coverage, additional outbuildings, maintenance garage, and equipment necessary to maintain the ski area and grounds. In addition, an Act 250 permit has been granted for residential development for condominiums and/or timeshares.
There are multiple reasons why Plymouth Notch hasn’t worked out long-term as a ski resort. For one, its next-door neighbors are literally Killington and Okemo, mountains that far exceed the size of Plymouth Notch. Secondly, the most recent ownership group tried to run it as a private ski resort, kinda like Hermitage Club or the Yellowstone Club. Multiple plans in the past have been towards expanding the ski slopes and condominium units, but the money was never in place to actually make it happen. The mountain has closed multiple times: In 1982, 2010, and most recently in 2018. Whoever purchases the mountain should be prepared to invest more than $6.5 million to make sure it doesn’t enter foreclosure again.
Take a virtual tour of the property HERE.
Image Credits: Diamond Realty, Skimap.org
