LK Summer Magazine 2016

S O U T H W E S T M O N T A N A P R O P E R T Y C O L L E C T I O N

Summer 2016

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EJ DawsSales Associate

Jim TothSales Associate

Bryce ConnerySales Associate

Katie Morrison Sales Associate / Marketing Director

Carrie Mechura Sales Associate /Contract Manager

Eric Ladd Owner

Ryan Kulesza Owner / Broker

L&K Real Estate By the Numbers

At L&K Real Estate we represent clients purchasing and selling the finest luxury lifestyle properties in Montana.We love this beautiful place and are passionate about helping others find their own connection to it.

2015 History

$950,000average transaction

28 MILLION +annual viewership

All information given is considered reliable, but because it has been supplied by third parties, we cannot represent that it is accurate or complete, and should not be relied upon as such. These offerings are subject to errors, omissions, and changes including price or withdrawal without notice. Statistical information obtained through MLS, information considered reliable but we cannot guarantee its accuracy. All rights reserved. Equal Housing Opportunity. If you currently have a listing agreement or buyer broker agreement with another agent, this is not a solicitation to change. ©2016 LK REAL ESTATE lkrealestate.com* Private Club membership by invitation or upon approval **Per MLS as of date of publishing

57%of residence sales over $3 million

in Big Sky

80%of land sales over $1 million

in Big Sky

Our unique team based approach, combining experts in various fields of real estate including resort, residential, ranch, and commercial property sales, gives our clients an edge in under-standing and maneuvering in the dynamic high end real estate market in Montana.

BIG SKY*: A very dynamic marketLack of residential inventory <$500K is driving a strong market, whereas the luxury residential market had a correction after a sharp increase from 2012-2014. Land sales volume is up, with prices recovering at a moderate pace. *All statistics derived from MLS. Note: YC Realty does not report sales to MLS, therefore information is not included.

SOUTHWEST MONTANA (SW MT): A solid upward trendThe Southwest Montana region, including both Bozeman and Big Sky continues to have steady growth in both land and residential sales. Total dollar volume more than doubled in residential sales, and more than tripled in land sales from 2011-2015.

BOZEMAN: A hot market with strong growthAs Bozeman continues to expand to accommodate a booming population sales volume and numbers have grown rapidly. Residential prices have recovered near the previous height of the market in 2007, while land prices have increased at a slower rate.

RESIDENTIAL LAND

PRIVATE LUXURY CLUBS

THE YELLOWSTONE CLUB

Total Acres: ~13,600

Private Membership: Max. 864 Members, membership by invitation.

Recreation: 2200 acres of Private skiing, connecting to 5800 acres of skiing at Big Sky Resort , 18-hole Tom Weiskopf Golf Course, mountain biking trails, hiking trails, ATV trails, Concierge services, horseback riding + more

MOONLIGHT BASIN

Total Acres: ~8000

Private Membership: Max. 495 members, membership upon approval.

Recreation: 18-hole Jack Nicklaus signature golf course, skiing, snowboarding, hiking trails, biking trails, kayaking, tree house village, snowshoeing, Nordic skiing, fishing, hunting + more

The Reserve at Moonlight Basin

Big Sky, MT

All information provided by third parties as of date of publishing.

SPANISH PEAKS MOUNTAIN CLUB

Total Acres: ~6000

Private Membership: Max. 395 Members, membership upon approval.

Recreation: 18-hole Tom Weiskopf golf course, Private clubhouse with access to 5800 acres of skiing at Big Sky Resort, Nordic skiing, mountain biking trails, hiking trails, Fish Camp, fitness center + more

Residence:

Total Sales: 42

Avg Price: $1.89M

Total Volume: $79.2M

Land:

Total Sales: 22

Avg Price: $769K


2015 PRIVATE CLUB STATS(All statistics derived from MLS. Note: YC Realty does not report sales to MLS, therefore information is not included.)

photos by Karl Neumann

RIVER RUNS THROUGH IT

LOCATIONYellowstone Club*

SIZE13,349 SQ FT7 bedrooms, 10 bathrooms2.88 ACRES

OFFERED AT$13M

The largest ski-in, ski-out home available at Yellowstone Club**


TREEHOUSE CONDO AT WARREN MILLER LODGE


SIZE2,191 SQ FT4 bedrooms, 4 bathrooms

OFFERED AT$9.8M

Unbeatable location as the only condo available in the Warren Miller Lodge**


388 ANDESITE RIDGE ROAD



OFFERED AT$6.45M

Ski-in, ski-out with southern exposure

LOT 338 BRISTLECONE DRIVE


SIZE14.6 ACRES

OFFERED AT$4.95M

Solitude is paramount with the largest available residential lot at Yellowstone Club**

LOT 144A PUMICE ROAD


SIZE2 ACRES

OFFERED AT$2.65M

Great value ski-in, ski-out lot at Yellowstone Club

LOT 86 ANDESITE RIDGE ROAD


SIZE2.64 ACRES

OFFERED AT$3.3M

Breathtaking views combined with both Nordic and alpine ski access

LOT 175 TRAVERTINE ROAD


SIZE2.63 ACRES

OFFERED AT$2.15M

Lowest priced lot at Yellowstone Club with spectacular views**

LUXURY SUITE 1B

LOCATIONMoonlight Basin

SIZE2,563 SQ FT3 bedrooms, 3.5 bathrooms

OFFERED AT$1.395M

Prime ski-in, ski-out location to both Madison Village and Moonlight Lodge

HOMESTEAD CABIN #6

LOCATIONSpanish Peaks Mountain Club*


OFFERED AT$2.15M

Ski-in, ski-out on the 17th hole of the Spanish Peaks Mountain Club golf course

HOMESTEAD CABIN #2



OFFERED AT$2.875M

Ski-in, ski-out on the 18th hole of the Spanish Peaks Mountain Club golf course

SKI TIP LOT 8


SIZE1.11 ACRES

OFFERED AT$825K

A great value ski-in, ski-out property

LOT 107 W. ELK VALLEY ROAD


SIZE2.48 ACRES

OFFERED AT$599.9K

Geotechnical report completed and well drilled on this end of cul-de-sac lot with great views

SKI TIP LOT 10


SIZE1.02 ACRES

OFFERED AT$995K

Incredible ski-in, ski-out lot located near the Spanish Peaks Clubhouse

LOT 119 OLD BARN ROAD


SIZE3.13 ACRES

OFFERED AT$450K

Private, creekside lot with southern exposure and mountain views

LOT 148 WILDRIDGE DRIVE


SIZE3.05 ACRES

OFFERED AT$545K

Biggest views in the Spanish Peaks Ranches neighborhood

LOT 109 W. ELK VALLEY ROAD


SIZE2.33 ACRES

OFFERED AT$445K

Spectacular views of the Spanish Peaks and Gallatin Mountain Range

BIG SKY MEADOW BIG SKY MOUNTAINRecreation: Skiing, snowboarding, Nordic ski trails, dogsledding Beehive Basin Trailhead, snowshoe trails, hiking trails, biking trails, zipline course, boat rentals + more

Community Features: Big Sky Resort base area, Moonlight Lodge, Madison base area, Ulery’s Lake, Lake Levinsky, shopping, dining, events, medical facility, conference center, lodging + more

Recreation: 18-hole Arnold Palmer Golf Course, Big Sky Community Park, hiking & biking trails, tennis courts, skate park, climbing boulders, horse back riding, Nordic ski trails, snowshoe trails, kids fishing pond, hockey rink + more

Community Features: Shopping, dining, events, seasonal farmers market & music series, post office, hospital, business services, lodging, fitness & wellness facilities + more

BIG SKY, MONTANA

Sunset view of the Spanish Peaks mountain range

Recreation: Fishing, rafting, kayaking, horseback riding, snowmobiling, Nordic skiing, hiking, biking, ATV trails, camping, ~30 miles from Yellowstone National Park entrance + more

Community Features: Gallatin River, Big Sky Visitor Center, campgrounds, trailheads, boat launches, fishing access, shopping, dining, business services, lodging, guide services + more

GALLATIN CANYONResidence:

Total Sales: 166

Avg. Price: $475K


Land:

Total sales: 67

Avg. Price: $284K

Total Volume: $19M

2015 BIG SKY STATS(does not include private clubs)

KANDAHAR AT BEEHIVE BASIN60 BEEHIVE BASIN ROAD

LOCATIONBig Sky Mountain

SIZEMain home: 5,409 SQ FT3 bedrooms, 3 bathrooms Guest home: 2,165 SQ FT3 bedrooms, 2.5 bathrooms

19.9 ACRES

OFFERED AT$3.45M

Premier creekside location with Beehive Basin trail access

MOUNTAIN SELAH18 LOW DOG ROAD



OFFERED AT$1.35M

Ski-in, ski-out home located near Big Sky Resort base area - makes a great vacation rental

214 WEST PINE CONE TERRACE

LOCATIONBig Sky Meadow / Aspen Groves

SIZE4,268 SQ FT4 bedrooms, 3.5 bathrooms, guest suite.75 ACRES

OFFERED AT$1.395M

Mountain modern style in a private location

BUCK RIDGE LODGE

LOCATIONGallatin Canyon / Buck Ridge


OFFERED AT$839K

Unbelievable private motorized trailhead to forest service land

330 BEAVER MOUNTAIN TRAIL

LOCATIONGallatin Canyon

SIZE2,293 SQ FT4 bedrooms, 4 bathrooms2.95 ACRESLarge Shop + Garage

OFFERED AT$795K

Great recreational access to fishing, trails, and snowmobiling

LOT 43A HALF MOON COURT

LOCATIONBig Sky Meadow

SIZE2.95 ACRES

OFFERED ATTo be built creekside residence See agent for details

Lot currently listed at $399.9K

13 BEARTOOTH COURT

LOCATIONGallatin Canyon / Ramshorn View Estates

SIZE2,782 SQ FT4 bedrooms, 3.5 bathrooms.5 ACRES

OFFERED AT$500K

Recently renovated home on a substantial corner lot

SPANISH PEAKS CLUB CONDO #44


SIZE2,140 SQ FT2 bedrooms, 3 bathrooms + bonus room

OFFERED AT$549.9K

Lone Peak views with trail access. Community includes clubhouse with pool.

SPANISH PEAKS CLUB CONDO #52


SIZE2,314 SQ FT2 bedrooms, 3 bathrooms + bonus room

OFFERED AT$539K

Fantastic location in Big Sky Meadow adjacent to golf course. Community includes clubhouse with pool.

VILLAGE CENTER #280

LOCATIONBig Sky Mountain Village

SIZE621 SQ FT1 bedroom, 2 bathroom

OFFERED AT$395K

Ski-in, ski-out condo in the base area of Big Sky Resort

FIRELIGHT CONDO C11


SIZE1,234 SQ FT2 bedrooms, 2 bathooms

OFFERED AT$249.9K

Corner unit with upgraded finishes

FIRELIGHT CONDO 4C



OFFERED AT$229K

Great investment property potential

CEDAR CREEK CONDO #45


SIZE868 SQ FT2 bedrooms, 2 bathrooms

OFFERED AT$229K

Big Sky Resort base area location

LOT 287A RISING BULL


SIZE1.04 ACRES

OFFERED AT$529K

Ski-in, ski-out lot with Lone Peak views

LOT 3 JOY ROAD


SIZE6.83 ACRES

OFFERED AT$415K

Private homesite located near Beehive Basin trailhead

LOT 105 WHITE BUTTE ROAD


SIZE2.94 ACRES

OFFERED AT$415K

Elevated ski access lot with incredible views. Completed geotech included

WINDY PASS LOT 3 & 3A


SIZE5.63 ACRES

OFFERED AT$399.9K

Horse property with proximity to trails across from the Gallatin River

MARKET PLACE

LOCATIONBig Sky Town Center

UNITS

102 $622,480 1,595 Unit SQ FT/leased

103 $457,250 1,170 Unit SQ FT/leased

104 $470,580 1,204 Unit SQ FT/leased

SILVER HORSESHOE PROPERTY

LOCATIONGallatin Canyon / Big Sky

SIZE2.11 ACRESResidential + Commerical buildings

OFFERED AT$1.395M

Rare combination of residential and commercial space with opportunity to further develop on Highway 191, great investment potential

32 MARKET PLACE UNIT 5

LOCATIONMeadow Village Center

SIZE202 SQ FT

OFFERED AT$95K

LEED Gold certified building

LAZY J LOTS 1 & 10

LOCATIONGallatin Canyon / Big Sky

SIZETOTAL ACRES: 2.97Lot 1: 1.56 ACRESLot 10: 1.41 ACRES

OFFERED AT$640K

Double commercial lot with frontage on Highway 191

BOZEMAN

GALLATIN VALLEY

Recreation: Fishing, skiing, snowboarding, hiking trails, biking trails, rafting, kayaking, horseback riding, golf courses, snowshoe trails, Nordic ski trails, camping, snowmobiling +more

Community Features: Main Street business district, Bridger Bowl Ski Area, Montana State University, Hyalite recreation area, Bozeman Deaconess Hospital, Bozeman Yellowstone International Airport, numerous sports facilities, shopping, dining, lodging, events + more

A booming town that brings together urban amenities with an outdoor recreation based lifestyle.

WEST YELLOWSTONERecreation: Snowmobile trails, fishing access, hiking trails, biking trails, ATV trails, Nordic ski trails, wildlife viewing, campgrounds, snow coach tours + more

Community Features:Yellowstone National Park entrance, IMAX theatre, Yellowstone visitor center, Grizzly and Wolf Discovery Center, shopping, dining, lodging, events + more

The most popular entrance to Yellowstone National Park with incredible access to recreation.

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Hebgen Lake near Yellowstone National Park

HEBGEN LAKERecreation: Fishing, water skiing, wake surfing, boating, kayaking, hiking, biking, snowmobiling, boat rentals + more

Community Features: Hebgen Lake, Marinas, Campgrounds, Quake Lake, boat launches, forest service access, lodging, dining, events, near Yellowstone National Park

The perfect place to have a relaxed mountain lake lifestyle.

Residence:

Total Sales: 614

Avg. Price: $476K

Total Volume: $292M

Land:

Total sales: 384

Avg Price: $215K

Total Volume: $82M

2015 GALLATIN VALLEY STATS


512 OLD FARM ROAD

LOCATIONBozeman / Old River Farm

SIZE5,497 SQ FT4 bedrooms, 6 bathrooms, guest suite20+ ACRES

OFFERED AT$2.975M

Located along ~1/2 mile of the East Gallatin River, yet minutes to downtown Bozeman


THREE SIXTY301 ELK SPRINGS ROAD

LOCATIONGallatin Valley / Elk Springs

SIZE4,190 SQ FT3 bedrooms, 4 bathrooms40+ ACRES

OFFERED AT$2.49M

Minimalist style home with impressive mountain views, just minutes from Bozeman

1073 PIN AVENUE

LOCATIONBozeman / Oak Springs

SIZE1,415 SQ FT3 bedrooms, 2 bathrooms.115 ACRES

OFFERED AT$305K

Only home currently for sale in Oak Springs**

278 MAMMOTH FORK

LOCATIONBozeman / Gallatin Heights

SIZE2,575 SQ FT4 bedrooms, 3 bathrooms.23 ACRES

OFFERED AT$365K

Largest residence for sale in Gallatin Heights**

AIRPORT GARAGES

LOCATIONBozeman Yellowstone International Airport

SIZE23’ x 11’ x 10’ with 9’ x 9’ doors

OFFERED AT$24.9K -$29.9K per unit

Walking distance to the terminal

LOT 14 CHOKECHERRY LANE

LOCATIONWest Yellowstone

SIZE1.085 ACRES

OFFERED AT$97.5K

Surrounded by mountain views and recreation near Yellowstone National Park

OSPREY COVE LAKEHOUSE14666 HEBGEN LAKE DRIVE

LOCATIONWest Yellowstone / Hebgen Lake

SIZE4,628 SQ FT3 bedrooms, 3 bathrooms + 2 bonus rooms1.03 ACRES

OFFERED AT$1.695M

Recreate on Hebgen Lake at this recently renovated home surrounded by forest service land

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R A N C H & R E C R E A T I O N P R O P E R T Y C O L L E C T I O N

Summer 2016

RANCH, AGRICULTURE, RECREATION, & CONSERVATION

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Information provided by third party resources on ranch sales in Western Montana. Although deemed reliable, we cannot represent that it is accurate or complete, so should not be relied upon as such.

Owning and enjoying a ranch builds a connection to the land and nature as well as uninterrupted family time. Limited ranches still exist that have incredible fishing, hunting and mountain views, creating strong demand for properties with such features.

Missouri River Ranch. pg. 46

With increased uncertainty in other asset classes, the movement to ranch and land investments continues to grow. Investors are drawn to land for its cash-flow from agricultural revenue, lack of extreme market volatility, potential appreciation, conservation opportunities, and simple enjoyment of the recreational benefits.

photos by Ryan Day Thompson

YELLOWSTONE RANCH PRESERVE

LOCATIONWest Yellowstone / Hebgen Lake

LAND753+ ACRES

PROPERTY TYPE:Recreational

STRUCTURES:Whiskey Jug Cabin: 2,702 SQ FT / 3 bedrooms, 2 bathroomsPrivate Marina

OFFERED AT$19.5M

Waterfront conservation property near Yellowstone National Park. Largest private piece for sale on Hebgen Lake.**

photos by Ryan Day Thompson

All information given is considered reliable, but because it has been supplied by third parties, we cannot represent that it is accurate or complete, and should not be relied upon as such. These offerings are subject to errors, omissions, and changes including price or withdrawal without notice. All rights reserved. Equal Housing Opportunity. If you currently have a listing agreement or buyer broker agreement with another agent, this is not a solicitation to change. ©2016 LK REAL ESTATE, llc. lkrealestate.com

RAHN GRAIN FARMS

3,362 ACRES

HOME:

2,500 SQ FT

4 bedrooms, 3 bathrooms

BUILDINGS:

Heated shop

Storage shed

105K Bushel Grain storage

RAHN GRAIN FARMS

LOCATIONThree Forks, MT

LAND3,362 ACRESEast Parcels: 1,404 ACRESWest Parcels: 1,957 ACRES

PROPERTY TYPE:Agricultural

STRUCTURES:Home: 2,500 SQ FT / 4 bedrooms, 3 bathroomsHeated shopStorage shed105K Bushel Grain storage

OFFERED AT$6.995M

An income producing farming operation with incredible mountain views. Subdivision and conservation opportunities exist.

photos by Outlaw Partners

MCREYNOLDSGATEWAY RANCH

654 ACRES

6 PARCELS

Located in Gallatin Gateway

All information given is considered reliable, but because it has been supplied by third parties, we cannot represent that it is accurate or complete, and should not be relied upon as such. These offerings are subject to errors, omissions, and changes including price or withdrawal without notice. All rights reserved. Equal Housing Opportunity. If you currently have a listing agreement or buyer broker agreement with another agent, this is not a solicitation to change. ©2016 LK REAL ESTATE, llc. lkrealestate.com

MCREYNOLDS GATEWAY RANCH

LOCATIONGallatin Gateway, MT

LAND654 ACRESSouth Parcels: 134 ACRES, 3 TractsMiddle Parcels: 520 ACRES, 3 Tracts

PROPERTY TYPE:Agricultural

OFFERED AT$6.995M

Working ranch with incredible upside located just south of Bozeman

LAHOOD PARK RESIDENCE

LOCATIONCardwell, MT

LAND29.61 ACRES

PROPERTY TYPE:Residential

STRUCTURES:Home: 2,466 SQ FT / 3 bedrooms, 3 bathrooms

OFFERED AT$775K

Custom built home on ~1/2 mile river frontage

LAHOOD PARK COMMERCIAL PROPERTY

LOCATIONCardwell, MT

LAND35.46 ACRES

PROPERTY TYPE:Commercial

STRUCTURES:Bar/Restaurant: ~3,500 SQ FT

OFFERED AT$425K

Many possibilities exist for commercial property including current use as steakhouse

Sold individually or together. See agent for details

photo by Drew Stoecklein

MISSOURI RIVER RANCH

LOCATIONCraig, MT

LAND160 ACRES


STRUCTURES:Main Lodge: 8,152 SQ FT / 4 guest rooms + apartmentLower Lodge: 3,139 SQ FT / 6 guest roomsPrivate Residence: 2,924 SQ FT / 4 bedrooms, 2 bathrooms

OFFERED AT$6.5M

Fly-fishing guest lodge with nearly 1.5 miles of Missouri River frontage in one of the hottest fly fishing destinations in the state.

MOUNTAIN MEADOWS


SIZE120 ACRES

OFFERED AT$3.495M

Rare opportunity to own a large 120+ acre parcel within Big Sky with stunning Lone Peak views

Big Sky Resort

Gallatin Canyon

Town Center

Mountain Meadows

HOMESTEAD AT THE BEACON

LOCATIONButte, MT

LAND640 ACRES


STRUCTURES:Two primitive cabins

OFFERED AT$1.65M

Surrounded by mountain views with incredible elk hunting. Potential for subdivision development or conservation

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LK Summer Magazine 2016