A Ski Resort Home For Under $200k?


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Did you buy real estate in Aspen in the 1950’s? How about Park City, Utah in the 1970’s? You’d be pretty darn happy if you did. Many of these destinations have seen twenty to one hundred fold levels of real estate appreciation.

With a massive downturn and recession upon us this question remains: Where is the next best place. One that is not so overpriced, where the downside risk is minimal and the upside is related to the right catalysts for growth? There is no question that the economic law of substitution will drive many Americans real estate decisions going forward – burn me once shame on me, burn me twice shame on you.

Enter the charming Victorian mining era town of Red Lodge and Red Lodge real estate. Butch Cassidy once tried to rob the bank here and Calamity Jane spent her nights at the Pollard Hotel. The town has a ski resort in Red Lodge Mountain with over 2,000 feet of vertical drop and the Beartooth Pass, which crests at just over 11,000 feet and boasts some of the best spring time back country skiing anywhere in the nation. Red Lodge Mountain was recently purchased by San Francisco based JMA Associates and the company has already made significant capital improvements to lifts, trails, and snowmaking capacity. Red Lodge real estate is probably one of the best Montana real estate investments remaining.

The town itself is in a major real estate renaissance when most other resorts nationally are struggling to get over a post-real estate boom hangover. Consider this: A new $25 million hospital begins construction in 2008, a new $9 million high school is nearly finished, a new Red Lodge Ales brewery and Sams Tap Room is nearly finished, and numerous other commercial and residential developments are well under way.

How would you like to back on to one of the largest wildernesses in the lower 48 States and have the nation’s oldest National Park (Yellowstone) out your back door?

It is amazing that prices here did not escalate years ago but an entrenched locals attitude that resisted change and improvement really held the town back, until now that is. Now the town is poised as a low cost alternative amongst a field of high priced competition and a national recession is playing right into its strengths. Red Lodge real estate stands out as some of the most attractive in the entire region.

The Spires at Red Lodge is the areas newest, and largest, development and borders the new Hospital and the golf course. The Spires doubled the City of Red Lodges park space, created over 3 miles of trails, and has clear views of several 12,000 foot peaks. You can visit their website by Googling Spires at Red Lodge.

An awesome new Red Lodge real estate development that borders the golf course named the Spires was finished a little over a year ago. This development features miles of trails, acres of parks, a spring creek with trout in it, and views of 12,000 foot peaks, all for less than the price of a postage stamp sized piece of dirt in most other Rocky communities.

Of course being less than one hour from Montana’s largest city is a real bonus because all of the amenities you’d expect from a modern city reside there, so you really never feel that isolated.

There is a lot of job growth occuring in this portion of the State and Billings was forecast to rank number three nationally in real estate for 2009. This area kept growing long after the national economy was slipping into recession.

General Electric recently decided to locate 400 new jobs in Billings and there is also a large oil field services parts manufacturer moving to town. Like Red Lodge, Billings actually saw real estate sales volume grow from 2006 to 2007 which was a real rarity on the national level. Some economists attribute this to the economic law of substitution because prices never went up that much in Billings or Red Lodge during the 2001 to 2006 national real estate boom, so following that boom prices were still relatively attractive in these two communities.

Try the Bridge Creek Cafe, the Carbon County Steakhouse, or the Pollard Hotel for a real goumet meal.

We get tons of sun on the eastern slope of the Rockies, so bring your sunscreen. It’s not unusual to see just under three hundred days per year on average.

There are so many places to fish for trout around here that it would take another entire article just to name them all. Suffice it to say that it is as good as it gets.

Whitewater rafting and fly fishing on the Stillwater River 30 minutes west are always popular summer activities and the areas trails provide tremendous hiking opportunities for all age and ability levels.

Hundreds of miles of trails and some of the best kayaking and whitewater rafting in the nation await you just minutes from downtown Red Lodge.

Off road bikers, snowmobiles and other motorized enthusiasts will find an incredible diversity of trails and thousands of miles of opportunity here.

The Spires is a beautiful new development with miles of trails and acres of Parks on all city services. It even has grreat views of the 12,000 foot peaks.

Time to take a visit to the last best place in the Rockies? Mount up and trot on down.

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