Jake Kilgrow, Associate Broker
JACKSON HOLE SOTHEBY’S INTERNATIONAL REALTY
Ski-In/Ski-Out Tram Tower Townhome Teton Village $1.895M 3 bedrooms/ 3.5 baths 2,144 sq ft
flexmls Web
6/21/16, 1:35 PM
14-2777 Residential Active $1,895,000
3531 W MCCOLLISTER DRIVE 3, Teton Village, WY 83025 Provided as a courtesy of
Jake Kilgrow, Assoc Brkr
Jackson Hole Sotheby's International Realty 185 W. Broadway Jackson, WY 83001 Office phone - (307) 733-9009 Cell phone - (307) 413-2822 Voice phone - (307) 739-8072 jake.kilgrow@jhsir.com
House Style: Total Bedrooms: Baths - Half:
3 1
Year Built: Baths - Full: Total Baths (# rms):
1991 3 4
Main Flr SqFt:
2,144
BG SqFt Finished:
0
Total Sq. Ft.: Garage SqFt: Horses Allowed:
2,144
Garage Type: Acres: # Horses Allowed:
Underground 0
Last Major Remod: Baths - 3/4: 2nd Flr & Above SqFt: BG SqFt Unfinished: # Stalls: Lot Size:
Common Name:
Tram Tower Condominiums
Area:
1 - Teton Village
Subdivision:
Jackson Hole Ski Corp
Zoning: Ann. HOA Fee $:
Resort 10,899.96
Flood Zone: Taxes:
6,907.48
Lot #: Flood Class: Tax Year:
No
2014
Possession:
Negotiable
Ownership:
Townhouse
In-House Listing #:
0 0
2
Exclusions:
Legal Description: Lot 3 of Tram Tower Townhouses, Phase I, Teton County, Wyoming, according to that plat recorded in the Office of the Teton County Clerk on December 4, 1990 as Plat No. 709 Public Remarks: Ski-In/Ski-Out town-home centrally located in the Legendary Jackson Hole Mountain Resort. This 3 bedroom, 3.5 bathroom residence is very spacious and features a cozy living room with a large rock mantle fireplace, large picture windows and cathedral ceilings. The kitchen is very generous with a large bar perfect for entertaining and it also provides another dining area. The master suite encompasses the entire 3rd floor and features a walk-in closet, double vanity, walk-in shower, soaking tub and balcony perfect for enjoying the views after a long day of skiing or day in the mountains. The ground level has 2 guest bedrooms with their own bathrooms, and laundry which provides a private area for hosting guests. Water: Private (Community) Sewer: Private (Community) Basement: None Construction: Stick Built On Site Exterior: Stone; Wood Furnished: Furnished Ground Flr Mstr Bdrm: Ground Flr Mst Bdrm: No
Agent Owned:
Amenities: Cable; Cathedral Ceiling; Hardwood Floors; Hot Tub; Pool; Ski in/out Property Features: Adjacent Pub Land; Cable to Property; Electric to Property; Forest Access; On Paved Road; Ski in/out; ST Rentals Allowed; Trees Interior Trim: Oak Hardwood Floors: Oak Fuel Type: Electric; Wood Appliances: Dishwasher; Disposal; Dryer; Freezer; Microwave; Range; Refrigerator; Washer
Water Softener: None Driveway: Asphalt View: Slope Side View Special Rooms: Storage Financing: 1031; Cash Lifestyle: Fishing; Golf; Mountain; Outdoor Recreation; Resort; Skiing
N
Seller Concessions: Ownership:
Townhouse
Listing Price:
1,895,000
LO: Jackson Hole Sotheby's International Realty Information is deemed to be reliable, but is not guaranteed. Š 2016 MLS and FBS. Prepared by Jake Kilgrow, Assoc Brkr on Tuesday, June 21, 2016 1:32 PM. http://members.flexmls.com/cgi-bin/mainmenu.cgi?7
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3531$W$MCCOLLISTER$DRIVE$ LOT$3$TRAM$TOWER$TOWNHOUSES!
!
Nestled between the Teton Mountains and beautiful open ranch lands, the world-renowned Jackson Hole Mountain Resort is a year-round retreat. Just 12 miles northwest of the town of Jackson, the winter recreation is unsurpassed with some of the best downhill and Nordic skiing terrain in the world. Summer activities include renowned Grand Teton Music Festival with over 40 summer concerts – all situated at the gateway to Grand Teton and Yellowstone National Parks. Homeowners have numerous choices for real estate in this area including condos, homes or fractional ownership properties.
TETON VILLAGE connect with us jhsir.com
Jackson Hole Sotheby’s International Realty 185 West Broadway Jackson, WY 83001 | 888.733.9009
jackson, wyoming
Grand Teton National Park 7980 7980
7950 7950
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Granite Ridge
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3675 3675
Holly Drive
3850 3850 3830 3830
3000 3000
3780 3780
Wind Wind River River 3675 3675
Moose Moose Creek Creek Townhomes Townhomes 3723 3723
Teewinot Teewinot 3655 3655 3670 3670
Timber Timber Ridge Ridge
Ellen Creek Road
6850 6850 6850
6810 6810 6810
ad k Ro Cree Ell en
6840 6840 6840 6840 6840 6840
6720 6720 6720 6720 6720 6720
6 66 66 6
3635 3635 3635 3635 3635 3635 8 88 88 8
6870 6870
6800 6800 6800
777
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53 53 53 53 53 53 6945 6945 6945 6945 6945 6945 52 52 52 52 52 52 C C C D D D
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3195 3195 3195 83 83 83 83 83 83 3185 3185 3185 3185 3185 81 81 81 81 81
86 86 86 86 86 86
85 85 85 85 85 85
30 30 30
7035 7035 7035 7035 7035 7035 29 29 29 29 29 29 27 27 27
7029 7029 7029 25 25 25
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28 28 28 28 28 28
6995 6995 6995
7005 7005 7005 7005 7005 7005
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TETON VILLAGE jhsir.com
3180 3180 3180 3180 3180 3180 80 80 80 80 80
3215 3215 3215 3205 3205 3205 3205 3205 3205
39 39 39 39 39 39
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connect with us
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3170 3170 3170 3170 3170 3170
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6980 6980 6980 6980 6980 6980
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47 47 47 47 47 47
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3320 3320 3320 3320 3320 3320
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3600 3600
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3615 3615 3615 3615 3615 3615
3625 3625 3625 3625 3625 3625
6880 6880 6880
Rendezvous Rendezvous
Bowman
Michael Drive
3720 3720
Ellen Creek
3630 3630
3650 3650
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3750 3750
3570 3570
7140 7140
The The Homesteads Homesteads
3300 3300
3440 3440
La La Choumine Choumine Choumine La Choumine La Choumine White White Ridge Ridge La Snow Snow Ridge Ridge
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3875 3875
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7270 7270
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Wyoming 390 Moose - Wilson Road
3870 3870 3820 3820
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3650 3650
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3630 3630
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The The Timbers Timbers at at Granite Granite Ridge Ridge
Snake Snake River River Lodge Lodge & & Spa Spa
Bridger Bridger Center Center
Teton Teton Club Club 3340 3340
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Jackson Hole Sotheby’s International Realty 185 West Broadway Jackson, WY 83001 | 888.733.9009
jackson, wyoming
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Tram Tower 4 bedroom 5 bath Nights 65 9 66
Summer Holiday Winter
Average Rate $605 $1,576 $852
Total Income
$ $ $
39,309 14,183 56,219
$
109,712
Projected Property Management Fees* Contract Type
$ $ $ $ $ $ $ $ $
25% (Plus) 27,428 10,971 1,536 360 832 1,646 5,643 225 1,560
Total Estimated Management Fees
$
50,200
$
58,893
Estimated Net Income
$
59,511
$
50,818
Management Commission Travel Agent Commissions Credit Card Fees Monthly Management Fee Deep Cleaning Routine Maintenance** Guest Cleaning Annual Advertising Fee Hot Tub Fee
40% (Inclusive) $ 43,885 $ 10,971 N/A N/A $ 832 $ 1,646 N/A N/A $ 1,560
The above figures are based on actual occupancy of silver or gold rated condominiums, with little or no owner use, managed by Jackson Hole Resort Lodging during the past 12 months. Actual income will vary according to unit condition, owner use and other conditions beyond our control. There is a one-time Jackson Hole Central Reservations Association listing fee of $115.00 per bedroom and $62.50 per loft. This fee is refundable upon termination of the management agreement. Homeowner association fees are voted on by the individual condominium associations and are not controlled by the management company. These fees are billed directly by the individual associations. *Property management fees are based on current fee schedules. Fee schedules may be changed, by the management company, twice per year.
**Appliance replacement and unexpected damage not included. updated
Proposed Budget
Dues
tab 3
Proposed Budget - 2012
Dues
tab 3
TRAM TOWER HOMEOWNER ASSOCIATION ANNUAL MEETING MINUTES Tuesday, December 29th, 2015 4:00 PM Olympic Sports Plaza Present: Frank Perna, Beryl Weiner, Mike Healy, Leo Dvorson, Ann Bruder, Bill Plank, Phillip Clauson (JHRL) and Natalie Raines. Present on Voice Conference: Philip Brous, George Moser, Nick Snee I. Call to order Frank Perna called the meeting to order at 4:02pm. II. Determination of Quorum It was determined that by those present, on voice conference and by proxy a quorum was established. III. Adoption of Agenda The agenda was adopted as presented. Beryl motioned, Healy seconded. All in favor. Motion Carried. IIII. Management Committee A. Board of Directors and Officers Plank nominated Dvorson, Healy nominated Weiner, Snee nominated Bruder, Bruder nominated Snee. A vote was held. Ann Bruder will replace Linda Krentler and Leo Dvorson will replace Beryl Weiner. The current composition of the Board of Directors: Frank Perna, President (term expires 2017) Mike Healy (term expires 2017) Ann Bruder (term expires 2018) George Moser (term expires 2016) Leo Dvorson (term expires 2018)
B. Management Agreement Phillip Clauson reported that JHRL was requesting a 5% increase in management fees. George Moser motioned to renew the management agreement for another term with a 5% increase. Mike Healy seconded. All in favor. Motion carried. V. Approval of the December 29th, 2014 Meeting Minutes Nick Snee motioned to approve the 2014 Annual Meeting Minutes as presented. Mike Healy seconded. All in favor. Motion carried.
VI. Old Business
VI. Old Business A. Tennis Court Install The Tennis Court installation was completed this summer at a total cost of $61,154. A basketball hoop was also included in the installation and stripes for a pickle court were painted. B. Maintenance Items Concrete stairs leading up units 8 and 9 had settled and management filled in the cracks that were considered a tripping hazard. The railings for the Bridge (south of units 1-4) had succumbed to weather and needed to be replaced. Two photocells for the outdoor lights on units 6 and 9 were replaced. C. Club House Remodel Work for the clubhouse that needs to get done include repairing fallen Rockwall around hot tub patio area, install timers for bathroom lights and repair garage lights. D. Other None. VII.
New Business A.
Painting- Completed and Future Needs This year painting was completed on the east side of the clubhouse, banisters on first and second level around area and bridge. Painting for next summer will include 3rd floor banisters, pool deck house and mechanical stack for the clubhouse.
B.
Roofing Evaluation The issue of roof maintenance and evaluations was disused by the homeowners as the roof was last replaced in 1999. The wood cedar shakes are starting to show small signs of warping. Curling on the ends of the cedar shake is a natural occurrence over time with the freeze and thaw of winter. It was decided to complete visual inspections of the roof and repair as necessary. Please report any roof problem to management.
C.
Hot Tub Leak and Club House Update The hot tub was discovered to have a leak this October. After various attempts to find the leak with local contractors, management hired a specialist from Salt Lake City. After completing a pressure test, the investigation showed that the leak originated from a light fixture. The leak was repaired on January 8th. During the leak repair the pump was upgraded to improve the quality and flow of the spa. A spa cover will be ordered as well. E. TTTA Declaration Phase 2 Vote Leo Dvorson presented a document that was in the response to a letter received from attorney Paul Damours in May. The goal was clarify the existence, timeline and chain of events for entity GVLLC. It was also an attempt to establish a clear relationship with regards to the TTTA. A lengthy conversation into the facts of the document and debates on the validity of each claim resulted in the homeowners deciding to vote against the adoption of this declaration. F. Other Bill Plank brought the issue of aging windows. A discussion ensued and the homeowners asked management look into the general costs estimates and if any energy rebates would be available to the homeowners. Further research
any energy rebates would be available to the homeowners. Further research from management found that to qualify for a window energy efficient rebate from Lower Valley Energy the windows must be either single pane or the frame to be constructed with metal. The Tram Tower Units do not meet any of these requirements and will not be eligible for a rebate. VII. Financial Report A. 2015 Budget v. Actual Expenditures Frank Perna reported that the total income receipts for the year to date 11/30/2015 was $165,546 and total disbursements equaled $164,103 for a small overage of $1,443. Most specific items were in line with budgeted numbers with the exception of repairs and maintenance, landscaping, pool maintenance and water and sewer. These overages can mostly be attributed to additional painting, bridge repair, new pool cover and increased contractor labor costs. These costs were almost completely off set by the savings we received from fuel for the pool boilers. Our total budget was $22,000 while total expenditure was only $9,233. This is attributed to low cost of oil. There was also a discussion about dues payments. Those who go beyond 90 days past due will have a lien placed on their property. The ending balance for the operating accounts was $7,113. B. Maintenance Reserve Presentation Maintenance Reserve contributions totaled $8,827 and total disbursements were $61,154 for the installation of the new tennis court leaving total cash in the maintenance reserve account of $44,470. Combined with the Operating account the TTTA has $51,583 on hand. C. Presentation and Adoption of 2016 Budget Frank Perna recommended that the dues remain flat for the next year. Minor increases made to the insurance, repairs and maintenance and trash removal line items were offset by the savings budgeted for fuel. Beryl Weiner motioned to approve the 2016 Budget without an increase. Leo Dvorson seconded. All in favor. Motion carried. VIII. Set Date of 2016 Meeting The annual meeting is scheduled for Dec. 27th, 2016, at 4:00 pm at the upper conference room in the Olympic Sports Plaza. IX. Adjournment ​ Ann Bruder motioned to adjourn at 6:10pm. Mike Healy seconded. All in favor. Motion carried. X. The GVLLC Meeting followed the Tram Tower HOA Meeting
**Minutes respectfully submitted by Phillip Clauson/JHRL. 3
TRAM TOWER HOMEOWNER ASSOCIATION ANNUAL MEETING MINUTES December 29, 2014 4:00 PM Olympic Sports Plaza Present: Frank Perna, Beryl Weiner, Linda Krentler, Mike Healy, George Moser, Leo Dvorson, Ann Bruder, Bill Plank and Brian Beck (JHRL). I. Call to order Frank Perna called the meeting to order at 4:05pm. II. Determination of Quorum It was determined that a more than 50% quorum was established by those present and by proxy. III. Adoption of Agenda The agenda was adopted by those present. All in favor. Motion Carried. IIII. Management Committee A. Board of Directors and Officers Beryl Weiner motioned to nominate Mike Healy and Frank Perna to serve a 3 year term as Bill Plank and Frank Perna’s terms were expiring. George Moser seconded. All in favor. Motion carried. The current composition of the Board of Directors: Frank Perna, President (term expires 2017) Mike Healy (term expires 2017) Linda Krentler, Secretary (term expires 2015) George Moser (term expires 2016) Beryl Weiner (term expires 2015)
B. Management Agreement Brian reported that JHRL was not requesting any increase in fees and the management contract would stay flat. Beryl Weiner voted to renew the management agreement per his approval for another term with no increase. George Moser seconded. All in favor. Motion carried. V. Approval of the December 27, 2013 Meeting Minutes Beryl Weiner motioned to approve the 2013 Annual Meeting Minutes as presented. George Moser seconded. All in favor. Motion carried.
VI. Old Business A. Parking Lot Sealing
A. Parking Lot Sealing Frank Perna recommended last summer that the parking lot be resealed by a different company. The new company is out of Idaho Falls but said the condition of the parking/drive is currently fine and doesn’t need a seal right now. B. Club House Update Smith Roofing has completed the EPDM membrane for the water proofing seal on the roof. The next step was to put the tennis court on top of the membrane. C. Exterior Lighting Some of the photocell censors were not working properly and it was recommended that new censors be bought to replace the old ones and if that didn’t fix the problem the censors should be relocated to a different aspect. JHRL has redirected some of the censors and this seems to have solved the problem. D. Other None. VII.
New Business A. Tennis Court Install After extensive discussion everyone in attendance agreed to table the tennis court installation to look into other alternatives for this space. It was suggested by Bill Plank to have a solar panels (32 collector array) installed by the pool supply shed, have a exterior fire pit instead of a tennis court or have a landscape architect look into other ideas and propose other options to the board and membership. Bill recommended JHRL call Robert Gordon 7334081/gordo@wyoming.com and a landscape architect Steve Roth at 208-3510231. B.
Maintenance Items It was suggested to put timers on the exhaust fans in the club house bathrooms, change out the exterior lights to LED’s when being replaced and change out a battery at the south entrance of the club house door lock.
C.
Club House Remodel JHRL will be doing some concrete repair along the east walkway this spring, raisers by the front step of units 5-12 and pool deck repair as well. After a deck concept has been decided the work out room facility will be remodeled as well.
D.
Other Bill Plank brought up the question of what the HOA’s relationship is with GVLLC (the adjacent land to the TT HOA). A lengthy discussion followed and Beryl Weiner said that a GVLLC report is coming out by a hired local attorney to determine who the present owners are and the intention the LLC has for the near future. Until that report comes out there was not any other specifics given.
VII. Financial Report A. 2014 Budget v. Actual Expenditures Brian went through 2014 year end actuals to budget. The only major overages were from the new insurance coverage, landscaping and tree spraying which came from increased cleanup and tree care and pool supplies because a new
came from increased cleanup and tree care and pool supplies because a new cover was ordered for $2000.
B. Presentation and Adoption of 2015 Budget Brian recommended that the dues remain flat for the next year. The only adjustments were to water and sewer as rates continue to rise and this was increased. This increase brought down the maintenance reserve from $$9,814 to $8,814 to to keep dues flat for 2015. Beryl Weiner motioned to approve the 2015 Budget without an increase. Everyone seconded. All in favor. Motion carried. VIII. Set Date of 2015 Meeting The annual meeting is scheduled for Dec. 29h, 2014, at 4:00 pm at the upper conference room in the Olympic Sports Plaza. IX. Adjournment ​ Beryl motioned to adjourn at 5:03pm. Mike Healy seconded. All in favor. Motion carried. **Minutes respectfully submitted by Brian Beck/JHRL. 3
TRAM TOWER HOMEOWNER ASSOCIATION ANNUAL MEETING MINUTES December 27, 2013 3:30 PM Olympic Sports Plaza Present: Frank Perna, Beryl Weiner, Linda Krentler, Mike Healy, George Moser, Leo Dvorson and Brian Beck (JHRL). Proxies: Plank to Krentler. I. Call to order Frank Perna called the meeting to order at 4:05pm. II. Determination of Quorum It was determined that a more than 50% quorum was established by those present and by proxy. III. Adoption of Agenda The agenda was adopted by those present. All in favor. Motion Carried. IIII. Management Committee A. Board of Directors and Officers The current composition of the Board of Directors: Frank Perna, President (term expires 2014) Bill Plank (term expires 2014) Linda Krentler, Secretary (term expires 2015) George Moser (term expires 2016) Beryl Weiner (term expires 2015)
Since Glen Bailey sold his unit there was room on the board for another officer. George Moser was nominated by Beryl Weiner to serve a term on the board. Leo Dvorson was also nominated by Linda Krenter to serve as well. Everyone voted and George Moser was elected to the board to serve a term through 2016. B. Management Agreement Brian reported that JHRL was not requesting any increase in fees and the management contract would stay flat. Beryl Weiner voted to renew the management agreement per his approval for another term with no increase. Everyone seconded. All in favor. Motion carried. V. Approval of the December 27, 2012 Meeting Minutes Beryl Weiner motioned to approve the 2012 Annual Meeting Minutes as presented. Mike Healy seconded. All in favor. Motion carried.
VI.
Old Business A. Assessment Update
A. Assessment Update Due to the verbiage in the contract and slow turnaround time by Intermountain Roofing to amend/correct the contract, this project was put on hold until the spring of 2015. Once the roof has been repaired the HOA will wait until one winter season has passed before the new tennis court will be installed on top of the EPDM membrane which would be the spring of 2015. Until then, the roof will be maintained and snow will be removed during thawing periods. B. Decking Repair JHRL had maintenance come out and repair any deck boards that were damaged and nails that were sticking up. C. Deck Staining Deck staining was completed this fall. This was done by Walter Stoessell totaling $4,000. D. Maintenance Report Linda Krentler brought up that one of the tread mills had not been removed in the clubhouse and said she would mark the one that needed to be pulled out. Everyone agreed that this should happen immediately. Beryl Weiner asked that MGMT send him the tax assessment once it has been received at resort lodging. E. Other None VI. New Business A. Parking Lot Sealing Frank Perna recommended last summer that the parking lot be resealed by a different company. The new company being used will be out of Idaho Falls and it is scheduled for this spring once temperatures rise. B. Club House Update Intermountain Roofing will be scheduled for this spring to tear off the old tennis court and repair any masonry seams and deterioration before putting on the EPDM membrane for the winter. Once mgmt can confirm the roof leaks have been repaired the new tennis court will be put on. C. Exterior Lighting Some of the photocell censors are not working properly and it was recommend that new censors be bought to replace the old ones and if that didn’t fix the problem the censors should be relocated to a different aspect. D. Other Linda Krentler asked numerous questions about the dues increase for GVLLC and Beryl Weiner explained due to the overall expenses from the 1065 form the dues were adjusted adequately for the next fiscal year. Linda asked that the 1065 be sent to her. Brian Beck said he would get those over to her. VII. Financial Report A. 2013 Budget v. Actual Expenditures Brian went through 2013 year end actuals to budget. The only major overages were from the new insurance coverage, landscaping and tree spraying which came from increased cleanup and tree care and pool supplies because a new
came from increased cleanup and tree care and pool supplies because a new cover was ordered for $2000.
B. Presentation and Adoption of 2014 Budget Brian recommended that the dues remain flat for the next year. The only adjustments were to increase the insurance line item due to values going up the coverage had to be increased. Water and sewer rates continue to rise and this was increased. These two increases brought down the maintenance reserve from $22,814 to $12,814 to keep dues flat. Mike Healy motioned to approve the 2014 Budget without an increase. Leo seconded. All in favor. Motion carried. VIII. Set Date of 2014 Meeting The annual meeting is scheduled for Dec. 29h, 2014, at 4:00 pm at the upper conference room in the Olympic Sports Plaza. IX. Adjournment ​ Beryl motioned to adjourn at 5:03pm. Everyone seconded. All in favor. Motion carried. **Minutes respectfully submitted by Brian Beck/JHRL. 1
JACKSON HOLE AIRPORT The ease of flight travel in and out of Jackson Hole is another reason this Rocky Mountain destination makes perfect sense for the purchase of Jackson Hole real estate, with non-stop flights from 12 major cities. The airline experience for visiting skiers or those who live in Jackson Hole to reach favorite destinations will be dramatically enhanced. The flight times will be shorter and more flights will be available. The local Jackson Hole airport makes arrival and departure experiences fast as well. With Jackson Hole Mountain Resort just a 30 minute drive from the terminal, getting on the slopes is easy and relaxing with no traffic to fight. “The increase in service is a testament to the history, demand and faith our business community established with the airlines, beginning with our first Minimum Revenue Guarantee agreement in 1986, resulting in American Airlines non-stop service from Chicago”, stated Mike Gierau, Chair JH AIR. “Our business community, with the support from the State of Wyoming, has been exemplary in their leadership of contracting and managing air service.
In addition, and critical to the contracting of service is the investment in our destination experience by the major resorts such as Jackson Hole Mountain Resort. And finally, the commitment by our community, our resorts and hoteliers, and of course the Wyoming Office of Tourism to promote air service, ensures Jackson Hole, WY continues to be recognized as a world class destination resort on a year round basis.” Gierau continued, “Our approach has been to identify the most active hubs to serve both domestic and international clients, and scheduling flights with our airline partners to ensure smooth, same day connections from North and South America, UK, Europe, Asia, and the South Pacific. The added benefit is extraordinary sustainable air service for a community of 20,000 people. We look forward to welcoming visitors from all over the world to Jackson Hole, Wyoming, a world-class resort destination, gateway to the Nation’s first National Park (Yellowstone), and the splendor of Grand Teton National Park” concluded Gierau.
JACKSON HOLE SOTHEBY’S INTERNATIONAL REALTY 185 W. Broadway, Jackson, Wyoming 83001 888.733.9009 | www.jhsir.com
TOP 10 REASONS TO BUY IN JACKSON HOLE, WYOMING Philanthropic Community
Outdoor Recreation
Wyoming Tax Benefits
Jackson Hole’s Cultural Scene
Thriving State Economy
Convenient Air Service
Wildlife and Natural Beauty
National Parks and National Forest
Jackson Hole Mountain Resort Named #1 Ski Resort in North America
3% of Teton County Privately Owned
JACKSON HOLE SOTHEBY’S INTERNATIONAL REALTY 185 W. Broadway, Jackson, Wyoming 83001 888.733.9009 | www.jhsir.com
JACKSON HOLE OVERVIEW In a recent survey of Americans’ well-being, conducted by Gallup, Wyoming scored third in a poll that rated variables such as mental, physical and economic health. Utah took first place and the islands of Hawaii took second. Combined with a low state unemployment rate, Wyoming is one of few states in the nation that can boast of such health and happiness.
Jackson Hole is also one of few communities that can still be considered safe and friendly. With a low crime rate and a hospitable attitude, residents are community and civicminded. A modern hospital, an airport with daily jet service to major airline hubs, a wide array of stores, wine shops and restaurants all offer the big-city comforts anyone could want, but without big-city attitude.
Jackson is one of the most scenic areas in the United States offering limitless opportunities to explore or to just sit back and enjoy the views. With Grand Teton and Yellowstone National Parks at its doorstep, 97% of the lands in and around Jackson Hole are permanently protected as conservation easements or as National Forest and BLM lands. It is comforting to know that today’s scenery will be preserved for future generations to come.
To top off the benefits of Jackson and Wyoming - there is no state income tax.
Nestled in the center of the valley, the Town of Jackson keeps the Old-West alive with its wooden sidewalks, historic Town Square and buildings. But Jackson welcomes newcomers as well – like the Center for the Arts and an array of new cosmopolitan restaurants and galleries. The arts scene continues to thrive, with gallery shows, movies, film festivals, live music and comedy, theater performances, and a steady stream of special exhibits at the National Museum of Wildlife Art.
TETON COUNTY STATS • • • •
Teton County Population, 2000 - 18,251 Teton County Population, 2012 - 21,393 Teton County – 2,705,676 acres Elevation – 6,209 ft.
• Elevation of Grand Teton – 13,770 ft. • Valley dimensions, 60 miles long by 20 miles wide • Teton County consistently ranked top 5 in mean adjusted gross income per tax return in the past 8 years.
JACKSON HOLE SOTHEBY’S INTERNATIONAL REALTY 185 W. Broadway, Jackson, Wyoming 83001 888.733.9009 | www.jhsir.com
WYOMING TAXES TAX BENEFITS OF OWNERSHIP IN JACKSON HOLE There are numerous reasons why those who live in Jackson Hole have chosen to have their primary residences here. Some of those reasons are emotional, such as the sheer beauty of the natural surroundings and the overall quality of life. Other reasons are more practical in scope and include Wyoming’s overall tax-climate benefits, when compared to all other states. For years, Bloomberg has rated Wyoming as the most taxfriendly state in the United States. Here are the 10 top tax benefits offered by Brian Jones, a senior vice president at Bank of Jackson Hole. 1. No state income tax: With no state tax on personal or corporate income, “you have more disposable income,” Jones says. 2. Dynasty trusts: In Wyoming, you can shield your real estate from federal estate taxes for up to 1,000 years through a dynasty trust. “You can establish a trust in Wyoming for the benefit of your family or other beneficiaries,” Jones says. “You can transfer your real estate into a limited liability company or family partnership and then put that into the “dynasty trust”. As a result, multiple generations can make use of and enjoy the property, without having to pay estate taxes or worse, having to sell the property in order to pay the taxes. A key point to remember: The trust must be administered in Wyoming.
5. No tax on out-of-state retirement income: “A lot of people in Jackson Hole use Wyoming as a second home,” Jones says. “They have retirement income that comes from other states where they may be a resident. Wyoming doesn’t tax that retirement income that’s earned outside of Wyoming, which is certainly beneficial.” 6. Low property taxes: “Wyoming has very low property taxes compared to other states,” Jones says. “The taxes that you do pay here are based on the assessed value of the property.” 7. No excise taxes: When you fill up your car or buy groceries in Wyoming, you won’t pay any state tax on either. 8. No tax on mineral ownership; “A lot of states charge owners a tax on their mineral ownership, but Wyoming does not,” Jones says. “If you own minerals, you won’t pay a tax on it like you would your home”. 9. No intangible taxes: Wyoming doesn’t make you pay a tax on financial assets like stocks and bonds. 10. No tax on the sale of real estate.
3. No inheritance tax or estate tax: “Wyoming repealed its estate tax as of January 1, 2005,” Jones says. 4. No state gift tax: “Somebody who owns property in Wyoming can ‘gift’ that real estate to their heirs without having to worry about paying a state gift tax,” Jones says.
JACKSON HOLE SOTHEBY’S INTERNATIONAL REALTY 185 W. Broadway, Jackson, Wyoming 83001 888.733.9009 | www.jhsir.com
RECREATIONAL OPPORTUNITIES SKIING
GOLFING
SNOW KING RESORT
TETON PINES 18-hole course designed by Arnold Palmer and Ed Seay. The course becomes a cross-country ski course in winter months.
Blocks from Jackson Hole’s town square, Snow King Mountain rises dramatically, with stunning views of the valley and Teton Mountain Range. In 1939 this mountain opened as Jackson’s first ski area and one of the first in the United States. Today, Snow King welcomes hopeful Olympians as a top training camp destination.
GRAND TARGHEE SKI & SUMMER RESORT Grand Targhee is located in the Caribou-Targhee National Forest in western Wyoming. The base is at 8,000 ft. in the magnificent Teton Mountain Range, 42 miles west of Jackson Hole, Wyoming, and 87 miles northeast of Idaho Falls, Idaho. Grand Targhee is famous for consistently superb snow conditions with over 500 inches annually.
FLY FISHING The Jackson Hole, Grand Teton and Yellowstone regions offer a great diversity of fly fishing opportunities, from intimate small spring-fed creeks to flowing, bold rivers. Favorite destinations include Yellowstone Lake, the Snake River, Henry’s Fork, Teton River, the Salt River and the Green River near the Wind River Mountains.
JACKSON HOLE GOLF & TENNIS The valley’s first golf course, an 18-hole course, recently completed a $15 million upgrade, designed by Robert Trent Jones II. SHOOTING STAR™ Located at the base of Jackson Hole Mountain Resort, Shooting Star’s Tom Fazio designed 18-hole golf course a destination golf resort in the shadow of the Tetons. HUNTSMAN SPRINGS As the most awarded new course in the United States, Huntsman Springs was recently named #1 Golf Development of the Year by Golf Inc. Magazine. This championship course was custom designed by Golf Architect of the Year, David McLay Kidd. 3 CREEK RANCH 18-hole course designed by Rees Jones ranked in Golf Digest as one of America’s best new private golf courses. 3-Creek is located just south of the Town of Jackson.
JACKSON HOLE SOTHEBY’S INTERNATIONAL REALTY 185 W. Broadway, Jackson, Wyoming 83001 888.733.9009 | www.jhsir.com
WILDLIFE & NATURAL BEAUTY CONSERVATION Did you know that only 3% of Teton County, Wyoming, is privately owned? This leaves 97 percent of Jackson Hole’s land protected as national parks and forests, so it’s easy to assume that elk, mule deer, antelope and other key wildlife species have plenty of room to roam between their winter and summer stomping grounds.
The Land Trust and The Nature Conservancy are on a mission to protect enough open space for the Yellowstone region’s wildlife to get where they need to go. Through conservation easements and other land-preservation tools, they are working acre by acre to protect important terrain ensuring our valley maintains it’s visually spectacular character and remains open for wildlife.
Jackson Hole is part of a much bigger, scientifically important region, the Greater Yellowstone Ecosystem, and the tiny 3 percent of land here that is privately owned is part of a network of critical migration corridors through the ecosystem.
Jackson Hole is very finite in terms of real estate. The scarcity of remaining available land and limited land development going into the future, ensures the character and openness of our valley will always remain.
JACKSON HOLE SOTHEBY’S INTERNATIONAL REALTY 185 W. Broadway, Jackson, Wyoming 83001 888.733.9009 | www.jhsir.com
JACKSON HOLE’S CULTURAL SCENE CENTER FOR THE ARTS
JACKSON HOLE ART AUCTION
A 41,000 sq. ft. Arts & Education Pavilion, a 500-seat theatre, Music Center, and theater rehearsal space. The Pavilion offers space for 20 nonprofit organizations creating an atmosphere of collaboration and inspiration.
An auction of past and present masterworks of the American West, this auction is defined by a high standard of works, and is the signature event of the Fall Arts Festival.
NATIONAL MUSEUM OF WILDLIFE ART
Celebrating their 50th year, Grand Teton Music Festival has inspired countless audiences with world-class concerts by the nation’s finest orchestra players. Led by music director, Donald Runnicles, the summer line up includes a stunning festival orchestra each weekend as well as sought after visiting musicians from around the globe and delightful chamber music.
The museum is unique among American art museums, distinguished by its mission and location. With collections of nearly 4,000 works of art, the museum strives to enrich and inspire public appreciation of fine art and humanity’s relationship with nature. Situated just outside the town of Jackson, the museum overlooks the Elk Refuge and is en route to Grand Teton and Yellowstone National Parks.
GRAND MUSIC FESTIVAL
JACKSON HOLE ART GALLERIES
There are about 30 to 40 galleries in Jackson featuring the best of Western art and more recently, newer galleries with a broader focus. The definition of art in the town and the surrounding valley of Jackson Hole has expanded with a popular international film festival, dedicated state-of-the art studios, and organizations such as the Art Association.
JACKSON HOLE ART ASSOCIATION
The Art Association offers painting, photography, mixed media and ceramic classes and workshops. Members have access to a state of the art darkroom, computers for digital photography, kilns and throwing wheels, and an endless supply of creativity.
GRAND TETON MUSIC FESTIVAL
JACKSON HOLE SOTHEBY’S INTERNATIONAL REALTY 185 W. Broadway, Jackson, Wyoming 83001 888.733.9009 | www.jhsir.com
JACKSON HOLE MOUNTAIN RESORT NAMED #1 JACKSON HOLE BREAKS THROUGH THE LOCK OF COLORADO AND UTAH RESORTS For the last 29 years, SKI magazine has drawn upon its national & international subscribers (145,000 last year) to elect the best ski resort in a variety of categories in North America. This unbiased group of readers has ranked Jackson Hole Mountain Resort No. 1 for the winter of 2013/2014 - an accolade that has been typically claimed by larger resorts such as Deer Valley, UT and Vail, Colorado.
JACKSON HOLE MOUNTAIN RESORT With 2,500 acres of legendary inbound terrain, a 4,139 ft. vertical rise, and an average of 459 inches snowfall each winter, Jackson Hole offers a truly unique winter experience. Two distinct mountains in the heart of the Tetons – Rendezvous and Apres Vous – make up Jackson Hole Mountain Resort, home to incredible skiing for the past 40 years. Jackson Hole Mountain Resort recently invested $5+ million to make the mountain experience even better for 2013 and beyond. That’s on the heels of $31 million for the new Aerial Tram. The owners of Jackson Hole Mountain Resort have invested over $125 million over the last 12 years. That’s two times what the normal ski resort spends.
JACKSON HOLE SOTHEBY’S INTERNATIONAL REALTY 185 W. Broadway, Jackson, Wyoming 83001 888.733.9009 | www.jhsir.com
NATIONAL PARKS AND FOREST LANDS YELLOWSTONE NATIONAL PARK Established in 1872,Yellowstone National Park is America’s first national park. Located ninety miles north of Jackson, it is home to a large variety of wildlife including grizzly bears, wolves, bison, and elk. Preserved within Yellowstone National Park are Old Faithful and a collection of the world’s most extraordinary geysers and hot springs, and the Grand Canyon of the Yellowstone.
GRAND TETON NATIONAL PARK On the north end of Jackson Hole, Grand Teton National Park preserves a spectacular landscape rich with majestic mountains, pristine lakes and extraordinary wildlife. In the winter, the park’s main roadway is plowed and open for winter travel from the town of Jackson to Flagg Ranch near Yellowstone National Park’s south boundary. The Craig Thomas Discovery and Visitor Center in Moose is open year-round, except for December 25th.
BRIDGER-TETON NATIONAL FOREST Easily accessed by Jackson Hole, Bridger-Teton offers more than 3.4 million acres of public land for outdoor recreation enjoyment. With its pristine watersheds, abundant wildlife and immense wildlands, these forest lands comprise a large part of the Greater Yellowstone Ecosystem – the largest intact ecosystem in the lower 48 States. Offering nearly 1.2 million acres of designated Wilderness, over 30,000 miles of road and trails and thousands of miles of unspoiled rivers and streams, the BridgerTeton offers something for everyone.
JACKSON HOLE SOTHEBY’S INTERNATIONAL REALTY 185 W. Broadway, Jackson, Wyoming 83001 888.733.9009 | www.jhsir.com
JACKSON HOLE SOTHEBY’S INTERNATIONAL REALTY 185 W. Broadway, Jackson, Wyoming 83001 888.733.9009 | www.jhsir.com
WILSON NATIONAL ELK REFUGE
AIRPORT
GRAND TETON NATIONAL PARK
TOWN OF JACKSON
TETON VILLAGE
TETON VALLEY, IDAHO
GRAND TETON 13,770 FT.
YELLOWSTONE NATIONAL PARK