Mammoth Lakes Real Estate Week-in-Review | 24 March 2024
Spring is Here
Last Tuesday was the first day of Spring but Winter isn’t done yet. The Mammoth snow report shows that we’ve received over 8” of fresh snow in the last couple of days. It is snowing as I type this!
I sprained my ankle, so I haven’t been on the hill but the reports have been that the skiing and riding are amazing. Another storm is rolling in on Thursday and is expected to hang around through next Sunday.
Big News for Mammoth Rentals
As I let you know on Wednesday, our town council voted to lift, on April 22nd, the moratorium on issuance of new short-term rental (STRs) permits.
This is great news for rentals in Mammoth Lakes. Starting on April 22nd, owners can apply for a permit to rent out their properties on a short-term basis, defined as 30 nights or fewer.
This opportunity extends to all properties appropriately zoned for STRs and permitted by their CC&Rs, encompassing 95% of condos and 5% of houses in the area. This change opens up new avenues for property owners to generate additional income through strategic short-term leasing.
They raised the license fee from $25 to $250 but asked for no other changes. There will be a 2% Transient Occupancy Tax (TOT) increase on the November ballot. Again, I’ll be glad when that is over.
Mammoth Lakes Events
March 22, 23, 28, 29 & 30: Sierra Classic Theatre presents “The Minutes”, 7p, March 24, 4p, Suite Z, Vons Shopping Center
March 22 – 23: Playhouse 395 presents “Bye, Bye, Birdie”, 3/22, 7p, 3/23, 2p and 7p, BUHS Auditorium
March 22 – 24: JLA Banked Slalom, Dry Creek Run, 8a – 4p
March 30: Woolly’s Dance Party at The Village 3:45-4:30p Last one of the season.
March 31: Easter Festivities, various events on the Mountain and Village Plaza, 11a – 4:30p
April 1: First day to use 24/25 IKON Pass, Mammoth and June
April 7: Early Ups for Ikon passholders. 7:30a
April 14: Annual Pond Skim at Canyon Lodge 8a-5p
April 14: Pine Soda and Foraging Workshop, Smoketree Apothecary, 4:30 – 6:30p
April 27: Mono County Fishing Season Opener.
I have ordered some postcards with 2024 fishing event dates and retail listings. If you would like me to send you one in the mail please respond to this email with your mailing address.
The IKON Pass Buy Now, Ride Now means that if you purchase the pass for next season, you can start using it at Mammoth and June Mountains starting on April 1st….that is just seven days away! What a deal.
Mammoth Real Estate Update
The Limelight released the first five of fifteen residences. A 2 bedroom, two 3 bedrooms, one 4 bedroom and one 5 bedroom penthouse.
These luxury 4-star homes will be finished and available for people to move in before the 25/26 ski season. They are located adjacent to The Village and The Village Gondola. Let me know if you would like floor plans and/or pricing.
I have had a few inquiries about the recent National Association of Realtors proposed settlement. As these are early days we really don’t know what the ramifications will be. Each day reveals more.
One thing that is clear is that it will change our business, hopefully for the better. I have heard that those that know are predicting at least one million agents will leave the business. I am not going anywhere!
I was in Colorado last week for four days of training and flew out of Bishop. It is such a fun little airport after so many years of flying in and out of LAX.
Our real estate market continues to be strong. Of the new listings, below are my favorites.
New Mammoth Lakes Condos for Sale
1353 Timber Creek
3+2.5 townhome with a private two car garage. Built in 2021. Beautifully furnished. Adjacent to Snowcreek Meadow and the bike path. Views of Mammoth Mountain. HOAs $797 monthly.
Price: $1,450,000
Eagle Run #116
2+2 on the Lupin ski slope. True ski in/ski out. Granite countertops. Gas log fireplace. You can’t get any closer to the slopes! HOAs $1,026 monthly.
Price: $1,295,000
Cornice #19
2+loft with 2 baths at Snowcreek l. Included in the price is a private one car garage right across from the unit.
These garages rarely come up for sale. Pellet stove. HOAs $728 monthly.
Price: $1,075,000
St Anton #17
1+1 with covered parking. Totally remodeled and upgraded. Across the parking lot from Canyon Lodge and across Canyon Blvd from the Austria Hof. HOAs $514 monthly.
Price: $550,000
New Mammoth Homes for Sale
114 Cliff Circle
3+2 with 2 car garage. Fully fenced yard with finished shed and 3 person hot tub.
Price: $995,000
Let me know if you have any questions or would like to see any properties!
