While most of us aspire to a debt-free life with maybe a good steak to eat every once in a while, there are others, the multi millionaires of the world, who aspire to belonging to an exclusive members only playground where private ski lifts and putting greens await.
For the ultra elite, the Yellowstone Lodge in Big Sky is their choice to indulge in their lavish lifestyle. This gated resort community occupies over 13,000 acres in the Southwest corner of Montana and counts Microsoft’s Bill Gates among its members.
Among its numerous amenities, the Yellowstone Lodge offers members a private ski resort, golf course, and equestrian centre for its members. Custom residences in the resort are available, selling for $4.8 million to $16 million. The average cost of new home construction is over the $500 per square foot range.
I have come across some information that suggests that the market in Yellowstone is beginning to turn and could provide some significant opportunity for our members. Following the economic crisis and through a nasty divorce proceeding between the original owners, the Yellowstone Club emerged from bankruptcy protection last year with new ownership and direction.
A reliable source who has worked on the design stage of the project commented that over $100 million in real estate transactions have taken place in Yellowstone in the past 4 months. This means that a number of high-end residences are currently either at the architectural stage or will be coming out of the ground this summer.
According to the source, manufacturers of quality custom and architectural millwork products including, doors, windows, cabinetry, and finished products have an opportunity. Also, the design and style of the Yellowstone Club and residences lends itself to the type of heavy timber construction that a number of our members specialize in.
Check out their website www.yellowstoneclub.com. You will find a listing of a number of builders and architects that are active in the Yellowstone project. I will travelling in that region over the next few weeks and will give a report on my findings in an upcoming Wood Connections issue, or feel free to contact me at email@example.com.