Horse Property at Alpine Airpark

HORSE PROPERTY AT ALPINE AIRPARK ALPINE, WYOMING

UNIQUE - HORSE PROPERTY AT ALPINE AIRPARK Gated 2.78 acre Lake Front property bordering the BLM land at Palisades Reservoir. Your own compound not only for you and your aircraft but for your horses as well, with fenced pasture and corrals. The hangar has an attached 1,100 square foot apartment with views of the mountains to the East and the Palisades reservoir to the West. Quality building with many design features that add to the rustic, high-end theme. The fully carpeted hangar has a heated apron, oversized cabinets for all your aviation gear and 60x15ft door. Across your taxiway is a rustic 2,500 sq ft “Barn House’’ for you or your guests. The home can also be converted to a second hangar/guest home if new owner wants to build a larger home that is already designed. Every day you have choices - ride, fly, hike, bike, kayak and enjoy this premier Airpark and its friendly community.

OFFERED AT 2,695,000

Barn House

Barn House

Barn House

Barn House

Barn House

EXPERIENCE THE ALPINE AIRPARK From a recent article by AOPA on the beauty and western life at Alpine Airpark The frequent fly-outs are just one of the everyday events that help weave the social fabric of Alpine Airpark. And it is a tight weave.

There are many themes at the picturesque airpark, tucked into the Star Valley, where the Greys and Salt rivers feed into the Snake River to form the Palisades Reservoir on the Idaho border. “People who move here love the West and the outdoors and the mountains,” says Cook. “They’ve all achieved something in life. They’ve got nothing to prove. They’re good neighbors.”

In extolling the community, Hermel, Airpark resident, comes across like a chamber of commerce cheerleader.

“Hunting, fishing, hiking, world-class skiing, the Palisades—17 miles long—even a rugby field. This is the greatest recreational area in the world. We’re the gateway to the West,” he proclaims.

If appreciation for the outdoors is a theme among residents, so is an appreciation for the tax structure in Wyoming. There’s no income or estate tax in the state, especially attractive to Hermel because the Minnesota estate tax can climb as high as 16 percent.

The airport has about 53 homes and 71 hangars. It will accommodate at most 125 homes under the current plans, helping calm any concerns about the place being overrun.

Hermel is confident the unique venue can maintain its beauty and charm even while maturing. He describes the developers at Alpine as “very responsible.” One of the things he enjoys most about the community is the feeling of responsibility shared by all to enjoy the outdoors while respecting it.

“There are no attitudes in Alpine,” he explains. Click to keep reading or use this link: https://www.aopa.org/ news-and-media/all-news/2016/june/pilot/living-a-western-life

Guest House

Barn House

LOCATION Palisades Reservoir provides water activities for all – boating, jet skiing, fishing, water skiing, and much more.

The Greys River area offers over 471,000 acres of virgin national forest and summer recreation ranging from kayaking and white water rafting to camping, fishing, and countless miles of trails for hiking or horseback riding. For the naturalist, a large wetland and waterfowl viewing area is only a few miles drive out of town.

World-class fly fishing can be found at surrounding rivers including South Fork of the Snake River and Salt River.

Annual snowfall averages 500 inches making winter sports such as snowshoeing, ice fishing, downhill and cross-country skiing readily available.

Although a small town regarding year round residents, Alpine has several lodging facilities, good places to eat, gas stations, and grocery stores and is in close proximity to Jackson Hole, Wyoming,

Guest House

Guest House

Guest House

Guest House

PROPERTY PROFILE Details: • • • • • • •

1,100 sqft apartment 2,500 sqft ‘’Barn Home’’ 2.78 acres 2 horse stalls central air conditioning annual HOA fee: $2,800 tax: $9,418

Hangar: • • •

•

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63 ½ wide x 60 length x 15 height (door 60ft width) Radiant heaters and gas pipe in top southeast corner to connect to propane if desired.

Well house for two wells Lot 1 and Lot 2 – each has separate piping but can be turned to use other well should there be a well problem in either one. Fiber optic box and electric panel for each building outside. Well house heated by electric heater.

Hangar has heated apron (white pipes in southwest corner) fueled by propane boiler and black pipes circulate the Glycol through the pipes. Two pumps to the two zones – circulates glycol to Hangar apron, the other to the RV door apron. (Elite Heating).

Carpet squares, cabinets, work bench

Hangar Apartment: • • • • • • • •

One master bedroom upstairs with full bath. ½ bath on main floor.

Forced air heat and AC. Crawl space in hangar apartment in storage closet.

Electrolux appliances, gas stove, Alder cabinets, GE refrigerator, heat tape in all the guttering Propane used for stove, bedroom fireplace and hangar apron. Piped for hangar if desierd. Propane tank is above ground and is a 500 gallon tank.

Wireless throughout all the buildings. Router in apartment with battery backup. Wireless Bridge takes internet over to Barn House.

Lawn sprinkler system around the apartment and in front of the Barn House.

Two Septic tanks and 2 Leach fields – one on grass in front of the hangar apartment and the other directly behind the Barn House.

Barn House: • • • • •

One bedroom with full bathroom. ½ bath off living room.

One master bedroom and bathroom with powder room.

Radiant heaters plus wood burning stove and very well insulated.

Upstairs storage or office ability with utility room.

Room in the back setup to be horse stalls but can easily be used for art room, gym or wine room.

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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