Snake River Sporting Club single-family home with backyard fairway and fly fishing. JACKSON HOLE GOLF & TENNIS
SNAKE RIVER SPORTING CLUB
3 CREEK RANCH
Golf & Tennis is the senior citizen among Jackson Hole golf communities with home construction beginning in the 1960s. There is no dominant architectural style, beyond a requirement to build on a single level in order to preserve the huge Teton views abundant in this north-of-Jackson neighborhood, resulting in a wide variety of homes from western to contemporary and from new construction to homes more than four decades old. The community is in a resort overlay so short-term rentals are allowed. The two property types most rentable include the Golf Creek units, which feature 2 and 3-bed townhouses built in the 70s and priced at approximately $500,000; and the 10-yearold freestanding “Cabins” located closer to the clubhouse and priced in the $1.25 million neighborhood. Otherwise, only single-family home ownership options exist. ACTIVE LISTINGS: Just one property was listed as of April 2015, a 4-bed, nearly 4,000-square-foot single-family home on 1.14 acres built in 2005 listed for $2.25 million. Three building sites are offered, with approximately 1-acre sites priced between $475,000 and $750,000. TOP SALES IN LAST YEAR: Four residential properties sold in Golf & Tennis for a total sales volume of $5.3 million. The top sale, an approximately 3,600-square-foot, 4-bed home on 1.5 acres, sold for around $630 per foot after just 29 days on market. Two building sites sold, both closing at just less than $500,000.
This golf, fish, hike, equestrian and allthings-outdoors neighborhood is a new frontier for real estate after reopening in 2014 after its second bankruptcy and four years of inactivity. Three main real estate options exist here: a homogenous cabin design near the clubhouse, a handful of completed or under construction single-family options that line the golf course, and a deep inventory of single-family building sites. ACTIVE LISTINGS: Six residential properties were listed as of April, with prices between $1.85 million and $5.495 million, but three of them are still under construction. The highest-priced home is an anomaly, a sprawling 8,000+ square feet sitting atop the bluff overlooking the golf course on 35 acres that was built by the original developer in 1997. Four building sites are listed with approximately .75-acre sites listed for an average price of $850,000. TOP SALES IN LAST YEAR: Four residential properties and two building sites changed hands, for a total sales volume of approximately $11.5 million. All four residential sales were for Martin Creek cabins, homogenous units with 4 beds, about 4,000 square feet, 2-car garage on about a half acre, listed for approximately $2.5 million.
Located just five minutes south of Jackson with quick access to fishing, skiing and the national parks, 3 Creek Ranch is Jackson Hole’s most centrally located golf community. Building options include John Carney-designed cabins set on about a half acre or architecturally diverse single-family homes on larger lots. ACTIVE LISTINGS: Just two single-family homes were offered as of April, a 5-bed “cabin” listed for $3.395 million and the afore-mentioned masterpiece listed for $14.9 million. Distinguishing 3 Creek, however, is the largest inventory of golf course building sites with 10 priced between $895,000 for a half-acre lot to $3.55 million for a 2.75-acre lot. TOP SALES IN LAST YEAR: Tracking with available inventory, building site sales easily outpaced home sales 7 to 3. The top sale was a 35-acre lot priced at $6.5 million, besting a 5-bed, nearly 5,000-square-foot home listed for $4.295 million.
A cabin in 3 Creek Ranch 53
ISSUE 8 | 2015 • JHGOLFERMAGAZINE.COM