456 Flywater Trail in Double L Ranch

456 FLYWATER TRAIL DOUBLE L RANCH FREEDOM, WYOMING

Just south of Jackson Hole on more than 400 picturesque acres in the Star Valley, Wyoming, sits a unique shared sporting community of 23 homes. The Double L Ranch affords the most discerning real estate buyers an opportunity to enjoy a true western paradise carefully developed to become one of America’s most desirable sporting ranches.

456 Flywater Trail is a newly constructed home built in 2015. Located on over 5 acres overlooking the Salt River, this well-positioned home enjoys sweeping mountain views of the Salt River Range and Caribou Range. A custom home that is a masterpiece in itself with open living area and chefs kitchen. There are 4 bedrooms and 5 bathrooms through this 4,248 sqft home with large garage. We invite you to experience this spectacular property on more than 400 picturesque acres in the Double L Ranch.

PROPERTY PROFILE •

5.02 acres on the Salt River

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Located at the Double L Ranch, Star Valley, WY

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Fully Furnished

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Double L Ranch amenities include Golf, Private Saloon, Guest Cottages, Gym, Horses, Skeet/Trap Shooting, Fishing, and more

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Double L Ranch has a 2,200-foot Grass Landing Strip

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Custom 4 bedroom, 5 Bath home features approximately 4,248 square feet

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Built in 2015

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Reclaimed Timber & Stone Exterior

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Radiant heat system | 1 Wood Burning Fireplace in Great Room

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Security System | Water Softener

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Rocky Mountain Hardware

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Crestron whole house AV System

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Conveniently located Laundry Room, large Work Sink and Abundant Storage

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All Guest Bedrooms have Private Baths

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Mudroom off of Garage with Storage Built-ins

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Large Pantry

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1,000-gallon Propane Tank

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3-stall Garage with Heated Floor

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Professionally Landscaped with a Firepit by the River & Waterfall

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Surrounded by Ponds and Streams

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Stream running through the property to a waterfall which then cascades to theSalt River

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Adjacent to Caribou National Forest which offers immediate access for Hunting, Skiing, Snowmobiling, X-Country Skiing, and Snow Shoeing

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Salt River Frontage

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Annual HOA Fee: $12,000

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Tax Year 2015: $10,550

Offered at $2,595,000

WYOMING LIVING AT IT’S FINEST IN DOUBLE L RANCH Just south of the popular resort community of Jackson Hole, Wyoming, on more than 400 picturesque acres in Star Valley, Wyoming, sits a very special shared sporting community of 23 homes. The Double L Ranch affords the most discerning real estate buyers an opportunity to enjoy a true western paradise carefully developed to become one of America’s most desirable sporting ranches.

Residents share access to world-class recreation and all of the property’s amenities, including the riverside “Buck-off Saloon” complete with rustic old-time bar, billiards table, a state-of-the-art movie theater and guest accommodations. Additional amenities include three charming, well appointed guest homes (perfect for family and friends), a barn and horse pasture, shooting range, a gym and private golf course.

To outfit the Double L Flying Club, ‘the Husky Brigade”, recently completed, is an 8,000 square foot, 6 bay backcountry sport utility aircraft hangar. This handsome structure is located adjacent to the 2,100’ airstrip and will include a pilot’s lounge/golf clubhouse, a fully equipped community gym, showers and restrooms.

The Double L Ranch and the Star Valley area derives its magnetism not only from the area’s vast beautiful lands, 9000’ mountain peaks and native wildlife, but also from its limitless outdoor recreational opportunities. The Double L is nestled along almost two miles of the Salt River and is bordered by the Caribou National Forest, a three-million-acre wilderness playground offering unlimited recreational opportunities.

Grand Teton National Park, Yellowstone National Park, two world-class ski resorts and the Jackson Hole Airport are just a short ride away. The resort town of Jackson Hole is just far enough away (45 minutes) to avoid the crowds, but close enough for an easy drive in for dinner at one of the town’s fine restaurants.

Wyoming

TA X B E N E F I T S

One of the most tax-friendly states in America.

There are plenty of reasons to be thankful for owning a home in Jackson Hole, Wyoming: the mountains, the rivers, two national parks and three ski resorts, art galleries and restaurants, a charming Western-style downtown, and a close knit, philanthropic-minded and fun loving community.

As enviable as our lifestyle is here, reality does intrude occasionally, as it will in mid-April when we pay our taxes. But even in that area, we as Wyoming residents are better off than most. After all, Wyoming has been cited by Bloomberg Wealth Management magazine as the most tax friendly state in the country. We can stretch our hard-earned dollars further, whether buying real estate, leaving property to our heirs or buying a new mountain bike.

Below is a list of the top 10 tax benefits on why it’s beneficial to own property in Wyoming.

No tax on the sale of real estate.

No state income tax.

With no state tax on personal or corporate income, you have more disposable income.

Dynasty trusts.

In Wyoming, you can shield your real estate from federal estate taxes for up to 1,000 years through a dynasty trust, which can be established in Wyoming for the benefit of your family or other beneficiaries. You can transfer your real estate into a limited liability company or family partnership and then put that into the dynasty trust, which can continue for a thousand years. 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.

No tax on out-of-state retirement income.

People in Jackson Hole who use Wyoming as a second home may have retirement income that comes from other states where they are a resident.

Wyoming does not tax that retirement income earned outside of Wyoming, and if the participant is a resident of Wyoming when they take that income then the original state cannot tax that income either.

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.

No inheritance or estate tax.

Wyoming does not assess any state inheritance tax. Wyoming repealed its estate tax as of January 1, 2005.

Low property taxes.

Wyoming has very low property taxes compared to other states. The taxes that you do pay here are based on the assessed value of the property.

No excise taxes.

When you fill up your car with gas or buy a bag of groceries in Wyoming, you will not pay any state tax on your gas or food.

No tax on mineral ownership.

Many states charge owners a tax on their mineral ownership, but Wyoming does not.

No intangible taxes.

Wyoming doesn’t make you pay a tax on financial assets like stocks and bonds.

Richard Lewis 307-690-8855 richardlewis@jhrea.com

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