In my last post, I meant to say, “EXclusive of lift tix,” which are included in the mammoth mtn properties’ pkg deals. And $20 night resort fee, not 20%.
There is no refund on these pkgs, however, unless the resort closes for some reason on the day(s) you book.
Unlike Mammoth Lakes, South Lake Tahoe always has SFR listings of ’50’s and ’60’s era SFRs on tract of 1300 – 1600 sf, right in town and near free bus lines. The vast majority of “condos” there are timeshares on the Nevada side. And there are a handful of timeshare developments at the SLT lakeshore and adjacent to the Heavenly gondola.
I haven’t checked the listings in SLT in about a year. However, at that time, most were asking $175K to $300K.
For “retirement purposes,” El Dorado County is now on the Prop 90 list and has a bigger, more comprehensive hospital than Mammoth (soon-to-be retirees think about these things).
I agree with SDR that vacancies would be intermittently high in a resort area off of “peak” season (Dec-Mar, depending on snowfall) but it would still be worth it to have somewhere of your own to drive to on the spur of the moment almost any time of “off-peak season” to go hiking, fishing or even carry your boat to and leave in the garage!
And property mgmt fees in resort areas are likely 2-8% higher than for a long-term tenant due to labor-intensive day/week/month tenancies, snow removal and even pipe-wrapping (if you choose to keep it vacant during winter months and cannot get up there). Due to these high fees, I would not want to pay HOA dues as well.
I find it SUCH a hassle nearly every year to make apples-to-apples comparisons to successfully book lodging for whatever amt of people/skiers I had at the time and would MUCH prefer to have my own place, furnished with my own stuff and could bring my dog without leaving it crated all day. I wouldn’t have a problem booking my days way in advance until such time as I chose to occupy the property full-time.
I’m just wondering if SFR prices are firming up in South Lake Tahoe. They REALLY cratered a few years ago and were dirt cheap.
IIRC, Mammoth Lakes does not have any tracts. For this reason and the fact that it borders on Nat’l forest land, RE tends to be higher there than SLC. But the skiing is usually more consistent on Mammoth Mtn which typically has more lifts and trails open than SLT at any given time, that is … unless it is simply a banner year all around 🙂
