PHOTO BY RYAN DAY THOMPSON | SxS Ranch
S O U T H W E S T M O N TA N A P RO P E RT Y C O L L E C T I O N
Summer 2017
Carrie Mechura Sales Associate /Contract Manager
Eric Ladd Owner
Ryan Kulesza Owner / Broker
EJ Daws Sales Associate
Bryce Connery Sales Associate
Katie Morrison Sales Associate / Marketing Director
At L&K Real Estate we represent clients purchasing and selling the finest luxury lifestyle properties in We love this beautiful place and are passionate about helping others find their own connection to it.
Kate Scott Sales Associate
Montana.
Why work with L&K Real Estate?°
$
$35M+
$1.4M
Total Volume Sold YTD
Average Transaction
Highest average transaction of any brokerage in SW Montana
Sold 1/2 of homes in Bozeman over $2 million
Sold 65% of Spanish Peaks Land Volume
°All stats from January - June 2017
SELLER REPRESENTATION:
BUYER REPRESENTATION:
Our strong marketing approach ensures our listings receive maximum exposure in a creative and professional manner. We strive to achieve the highest value for our sellers.
Our market knowledge helps buyers navigate the process to find their ideal property whether it’s an undervalued area in a hot market or a one of a kind legacy purchase.
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
MARKET REPORT**
BIG SKY
BOZEMAN
HISTORICAL ACTIVE VS. SOLD UNITS
HISTORICAL ACTIVE VS. SOLD UNITS
350
700
300
600
250
Land: 203
200
Residential: 191
150
500
300
100
200
50
100
0
Land: 335
400
Residential: 174
0 2011
2012
Sold Residential
2013
2014
Active Residential
2015
2016
Sold Land
2017
Active Land
*Active units snapshot taken June of each year
MARKET TRENDS 2011-2017
RESIDENCE
45%
Price Increase 2011-2017
2011
2012
2013
Sold Residential
Active Residential
2015
2016
Sold Land
2017
Active Land
*Active units snapshot taken June of each year
MARKET TRENDS 2011-2017
LAND
RESIDENCE
Price Decrease 2011-2017
Price Increase 2011-2017
14%
2014
54%
LAND
46%
Price Increase 2011-2017
BIG SKY - Residential inventory is nearing historic lows, with
BOZEMAN - As one of the fastest growing communities in
a 24% decrease in active listings since last year. This is causing pricing to begin to increase again after the slight correction we saw in the past 2 years. The land market has started to see more traction since the beginning of 2017 as inventory has just begun to decrease for the first time since 2013.
the U.S., the inventory in Bozeman continues to remain low, despite the large number of new developments being built. Both the land and residential markets have seen substantial average price increases as the market continues to try to keep up with demand. With active inventory similar to that of Big Sky, but over 10x the population, the growth is expected to continue.
DEVELOPMENT CONSULTING: L&K Real Estate has a global reach, specializing in luxury resort development properties. We understand the intricate relationship between world-class activities and luxury amenities that create a truly authentic experience, bringing together good investments with an exceptional lifestyle.
FEATURE PROJECT MUKUL RESORT AND RESIDENTIAL COMMUNITY Located on Nicaragua’s stunning Emerald Coast, Mukul provides a private oceanfront luxury lifestyle.
MukulResort.com
OUR VIEW
Mukul Resort is the best opportunity in Central America
PRIVATE LUXURY CLUBS Big Sky
View from Lot 38 Bristlebrush
YELLOWSTONE CLUB | SPANISH PEAKS MOUNTAIN CLUB | MOONLIGHT BASIN
RIVER RUNS THROUGH IT LOCATION Yellowstone Club* SIZE 13,349 SQ FT 7 bedrooms, 10 bathrooms 2.88 ACRES OFFERED AT $14M
The largest ski-in, ski-out home available at Yellowstone Club
388 ANDESITE RIDGE ROAD LOCATION Yellowstone Club* SIZE 4,852 SQ FT 4 bedrooms, 5 bathrooms 2.15 ACRES OFFERED AT $6.45M
Recently remodeled ski-in, ski-out home with southern exposure
LOT 338 BRISTLECONE DRIVE
LOT 472 WHITE SPRUCE
LOCATION Yellowstone Club*
LOCATION Yellowstone Club*
SIZE 14.6 ACRES
SIZE 2.9 ACRES
OFFERED AT $4.95M
OFFERED AT $3.3M
Panoramic mountain views from the largest available residential lot at Yellowstone Club
Creekside ski-in, ski-out lot with mountain views
LOT 86 ANDESITE RIDGE ROAD
LOT 144A PUMICE ROAD
LOCATION Yellowstone Club*
LOCATION Yellowstone Club*
SIZE 2.64 ACRES
SIZE 2 ACRES
OFFERED AT $3.3M
OFFERED AT $2.65M
Breathtaking views combined with both Nordic and alpine ski access
Best value ski-in, ski-out lot at Yellowstone Club
LUXURY SUITE 1B LOCATION Moonlight Basin* SIZE 2,563 SQ FT 3 bedrooms, 3.5 bathrooms OFFERED AT $1.445M
Prime ski-in, ski-out location to both Madison Village and Moonlight Lodge
HOMESTEAD CABIN #6 LOCATION Spanish Peaks Mountain Club* SIZE 2,585 SQ FT 4 bedrooms, 5 bathrooms OFFERED AT $2.15M
Ski-in, ski-out on the 17th hole of the Spanish Peaks Mountain Club golf course
HOMESTEAD CABIN #6 LOCATION Spanish Peaks Mountain Club* SIZE 2,585 SQ FT 4 bedrooms, 5 bathrooms OFFERED AT $2.2M
Ski-in, ski-out on the 17th hole of the Spanish Peaks Mountain Club golf course
SKI TIP LOT 10 LOCATION Spanish Peaks Mountain Club* SIZE 1.02 ACRES OFFERED AT $875K
Incredible ski-in, ski-out lot located near the Spanish Peaks Clubhouse
SKI TIP LOT 8 LOCATION Spanish Peaks Mountain Club* SIZE 1.11 ACRES OFFERED AT $825K
A great value ski-in, ski-out property
LOT 38 BRISTLEBRUSH LOCATION Spanish Peaks Mountain Club* SIZE 1.27 ACRES OFFERED AT See agent for details
Breathtaking views on Spanish Peaks Mountain Club golf course
LOT 119 OLD BARN ROAD LOCATION Spanish Peaks Mountain Club* SIZE 3.13 ACRES OFFERED AT $450K
Private, creekside lot with southern exposure and mountain views
LOT 118 OLD BARN ROAD LOCATION Spanish Peaks Mountain Club* SIZE 2.49 ACRES OFFERED AT See agent for details
Southern exposure lot bordering open space
BIG SKY
100 Crail Ranch Road
MEADOW | TOWN CENTER | MOUNTAIN | GALLATIN CANYON
KANDAHAR AT BEEHIVE BASIN LOCATION Big Sky Mountain SIZE Main home: 5,409 SQ FT 3 bedrooms, 3 bathrooms Guest home: 2,165 SQ FT 3 bedrooms, 2.5 bathrooms 19.9 ACRES OFFERED AT $3.45M
Premier creekside location with Beehive Basin trail access
25 LOWER DUDLEY CREEK LOCATION Gallatin Canyon SIZE 4,076 SQ FT 5 bedrooms, 3 bathrooms 9.74 ACRES OFFERED AT $1.65M
Spacious log home with Gallatin River views
245 RAIN IN FACE ROAD LOCATION Big Sky Meadow SIZE 3,446 SQ FT 4 bedrooms, 3 bathrooms 0.69 ACRES OFFERED AT $1.595M
Located in an established neighborhood with ample natural light
2789 TWO MOONS ROAD LOCATION Big Sky Meadow SIZE 1.22 ACRES OFFERED AT $1.495M
Creekside location - under construction
100 CRAIL RANCH DRIVE LOCATION Big Sky Meadow SIZE 3,730 SQ FT 4 bedrooms, 4 bathrooms OFFERED AT $1.29M
Creekside luxury condo in the heart of Big Sky
BLACK EAGLE LODGE #30 LOCATION Big Sky Mountain SIZE 2,549 SQ FT 3 bedrooms, 4 bathrooms OFFERED AT $1.35M
Ski-in, ski-out in Big Sky Resort base area
MOUNTAIN SELAH 18 LOW DOG ROAD LOCATION Big Sky Mountain SIZE 4,574 SQ FT 5 bedrooms, 3 bathrooms 1.07 ACRES OFFERED AT $1.35M
Ski-in, ski-out home located near Big Sky Resort base area - makes a great vacation rental
330 BEAVER MOUNTAIN TRAIL LOCATION Gallatin Canyon SIZE 2,293 SQ FT 4 bedrooms, 3.5 bathrooms 2.95 ACRES OFFERED AT $780K
Great proximity to recreation near Gallatin River
49850 GALLATIN ROAD
VILLAGE CENTER #281
LOCATION Gallatin Canyon
LOCATION Big Sky Mountain
SIZE 2,499 SQ FT 3 bedrooms, 3 bathrooms 2.73 ACRES
SIZE 473 SQ FT Studio
OFFERED AT $595K
Private mountain home within steps of the Gallatin River
OFFERED AT $295K
Ski-in, ski-out in Big Sky Resort base area
BEAVER CREEK WEST LOT 4
LOT 287A RISING BULL
LOCATION Big Sky Mountain
LOCATION Big Sky Mountain
SIZE 20 ACRES
SIZE 1.04 ACRES
OFFERED AT $539K
OFFERED AT $529K
Incredible mountain views
Ski access property with Lone Mountain view
LOT 3 & 3A WINDY PASS
LOT 15 BOBTAIL HORSE
LOCATION Gallatin Canyon
LOCATION Big Sky Meadow
SIZE 5.63 ACRES
SIZE .88 ACRES
OFFERED AT $449.9K
OFFERED AT $445K
Enclosed property for horses
Located in a quiet, established neighborhood
LOT 1 CIEL DRIVE
LOT 3 JOY ROAD
LOCATION Big Sky Mountain
LOCATION Big Sky Mountain
SIZE 8.03 ACRES
SIZE 6.83 ACRES
OFFERED AT $415K
OFFERED AT $395K
Large private location with Lone Peak views
Creekside location near Beehive Basin trailhead
GALLATIN ROAD PARCEL 1
TRACT 4, SECTION 17
LOCATION Gallatin Canyon
LOCATION Gallatin Canyon
SIZE 2.63 ACRES
SIZE 1.4 ACRES
OFFERED AT $255K
OFFERED AT $254K
Unique opportunity to own in Big Sky without covenants near the Gallatin River
Just minutes from Big Sky Resort with incredible views of Porcupine Preserve
COMMERCIAL
BIG SKY ENTRANCE PROPERTY
PARCEL 3B GALLATIN RD.
LOCATION Gallatin Canyon
LOCATION Gallatin Canyon
SIZE 4.61 ACRES
SIZE 5.46 ACRES
OFFERED AT $3.24M
OFFERED AT $640K
Premier location at the entrance of Big Sky. Commercial and residential development opportunities exist
Riverfront property zoned commercial industrial
MARKET PLACE UNIT 104
205/207 RJS TOWER
LOCATION Big Sky Town Center
LOCATION Big Sky Town Center
SIZE 1,204 TOTAL SQ FT
SIZE 961 TOTAL SQ FT
OFFERED AT $560,920
OFFERED AT $339K
Retail space in the heart of Big Sky Town Center
Premier office space with reception area
GREATER MONTANA
Yellowstone Ranch Preserve
BOZEMAN | HEBGEN LAKE | WEST YELLOWSTONE
LIMESTONE CREEK LOCATION Bozeman, MT SIZE 10,297 SQ FT 4 bedrooms, 6 bathrooms 40 ACRES OFFERED AT $12.9M
Elegant, refined living backs to miles of forestland just minutes south of Bozeman
OSPREY COVE LAKEHOUSE 14666 HEBGEN LAKE DRIVE LOCATION West Yellowstone / Hebgen Lake SIZE 4,628 SQ FT 3 bedrooms, 3 bathrooms + 2 bonus rooms 1.03 ACRES OFFERED AT $1.795M
Recreate on Hebgen Lake at this recently renovated home surrounded by forest service land
JEFFERSON RIVER FISHING RETREAT LOCATION Cardwell, MT SIZE 29.61 ACRES 4 bedroom, 3 bathrooms OFFERED AT $675K
Custom home on 30 acres with 1/2 mile of Jefferson River frontage
1800 SKUNK CREEK ROAD
LOT 14 CHOKECHERRY
LOCATION Bozeman, MT
LOCATION West Yellowstone, MT
SIZE 38.71 ACRES
SIZE 1.085 ACRES
OFFERED AT $393K
OFFERED AT $97.5K
Beautiful parcel with creek near Bozeman
Surrounded by mountain views and recreation near Yellowstone National Park
COMMERCIAL
BEAVER POND PLAZA UNITS 8A & 8B LOCATION Bozeman, MT SIZE 3,400 SQ FT OFFERED AT $390K
Great location with three separate offices
AIRPORT GARAGES LOCATION Bozeman, MT SIZE 23’x11’10” WITH 9’x9’ DOORS OFFERED AT $24.9K
Walking distance to Bozeman Yellowstone International Airport
RANCH & RECREATION
S x S Ranch
SPORTING | CONSERVATION | COMMERCIAL
YELLOWSTONE RANCH PRESERVE PROPERTY TYPE Conservation & Recreation Ranch Site 1 | 277.17 Acres | $8.365M Ranch Site 2 | 239.75 Acres | Under Contract Ranch Site 3 | 236.52 Acres | Cabin: 3 bed | 2 bath | 2702 Sq. Feet | $6.95M
Waterfront conservation property on Hebgen Lake with private marina
S S RANCH LOCATION X Bozeman Area LAND 483.78 ACRES | 4 Parcels PROPERTY TYPE Recreational STRUCTURES Barn | Cabin (under construction) OFFERED AT $7.5M
Wide open spaces, incredible mountain views, onsite hunting, fishing and recreational amenities combine with proximity to the vibrant community of Bozeman for an unparalleled Montana experience
MISSOURI RIVER RANCH LOCATION Craig, MT LAND 160 ACRES PROPERTY TYPE Recreational STRUCTURES Main Lodge: 8,152 SQ FT / 4 guest rooms + apartment Lower Lodge: 3,139 SQ FT / 6 guest rooms Private Residence: 2,924 SQ FT / 4 bedrooms, 2 bathrooms OFFERED AT $5.9M
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 LOCATION Gallatin Canyon LAND 120 ACRES PROPERTY TYPE Recreational OFFERED AT $3.495M
Rare opportunity to own a large 120+ acre parcel within Big Sky with stunning mountain views
HOMESTEAD AT THE BEACON LOCATION Butte, MT LAND 640 ACRES PROPERTY TYPE Recreational STRUCTURES Two primitive cabins OFFERED AT $1.65M
Surrounded by mountain views with incredible elk hunting. Potential for subdivision development or conservation
ROCKING R7 RANCH LOT 4 LOCATION Bozeman Area LAND 20.232 ACRES PROPERTY TYPE Recreational OFFERED AT $650K
Amazing views within a shared lifestyle community
LAHOOD PARK COMMERCIAL PROPERTY LOCATION Cardwell, MT LAND 35.46 ACRES PROPERTY TYPE Commercial STRUCTURES Bar/Restaurant: ~3,500 SQ FT OFFERED AT $369K
Many possibilities exist for commercial property including current use as steakhouse
L&K Real Estate P.O. Box 161236 Big Sky, Montana 59716
For more information or private showings contact:
406-995-2404 View Videos Online
LKRealEstate.com
or email info@lkrealestate.com
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. * Private Club membership by invitation or upon approval. Š2017 LK REAL ESTATE, llc. lkrealestate.com