High-Value Investment
Opportunity
" LITTLE BEAR " PROJECT
Listing Courtesy of Mike Anderson, NPR
Little Bear Development - Investment Opportunity
THE NUTS & BOLTS
Is Whitefish Montana an Exceptional Real Estate Market to Invest in?
Yes. Short Answer. It's very exceptional.
Why? Aside from offering World-Class outdoor lifestyles; ​89% of our real estate market is closed in cash.
This community is among the fastest growing in the state and is positioned to rival other resort towns nationwide.
The Airport is in the middle of a $150M expansion and adding more connections nationwide to support the influx of people here.
Historically, since the Dot Com crash ~2000, people flock here to find refuge during less positive economic times; and, even more so when the economy is flourishing. There is also a steakhouse currently under construction that will be the most affluent and exclusive steakhouse in the State.
The Nuts and Bolts
The Product:
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Shovel-ready Land + Design Schemes 100% approved -- only thing needed is a buyer/investor to decide who to build and when.
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Short-term Rental Approved!
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Near the Golf Course, Lake, Downtown, and Ski-shuttle.
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Pages 3-5 in the downloadable PDF explain the ROI, for their project at their costs.
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Please see below an estimate of projected build costs + ROI
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Property is zoned short term rental -- choose what to sell and what to short term rent. Whatever you sell will be in high demand because of the short-term rental aspect.
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Seller is 89 years old, and his children are pressuring him to sell his assets and retire from active work.
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Dick Anderson (one of the best, and most sought-after builders in NW America) could build and have the project done in less than 24 months -- they are on target to complete a 10-plex build in October which they broke ground on 68 days ago.
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Build costs are ~ $260-330/sqft Sales prices.
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Aessessed Resale value for the units are at least $680+/sqft
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Lot 4 (for example) - Duplex at 2,300 sq ft each side = $690,000 to build out each side = $1.38M for 1 duplex to build
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Sell for $1.56M each side = Sell 1 duplex for $3.13
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There are 9 lots for Single Family/Duplex supporting an average of 4,600 sqft per lot = 41,400 sq ft total
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There is one lot (Lot 9) supporting ~ 2,300 sqft buildout
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There are 3 lots (Lots 6-8) supporting ~ 8,208 sqft buildout in townhomes
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Use these numbers ($300/sqft Build & $680/sqft sale) on ~ 89,100 sqft for an investment and return estimate.
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Choose what to build and what to sell.
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7 acres of land -- Seller wants $9.5M -- Agent thinks we could close for much less
What else can you tell Me about the Whitefish market?
Properties here, for the value of what the client gets with the outdoor lifestyle are still priced with exceptional affordability. These are still GREAT market-entry prices.
To find a comparable property in similar ski/resort towns such as Vail or Jackson Hole for example, would instantly 3-5X the price.
Whitefish and the Flathead Valley offers:
- 269+ fresh, clear blue lakes
- Glacier National Park with 3M+ visitors annually
- Whitefish Lake. And Flathead Lake nearby, the largest freshwater lake west of the Mississippi at 200 sq mi + over 300 feet deep.
- Whitefish Ski Resort, a world-class Ski Resort, owned by Bill Foley. The flood of visitors grows each year.
- A 2nd Ski Resort, Blacktail.
It is world-class outdoor, wholesome living.
The average home price is at $1.27M. Population is 8.1k
We are 1 hour south of the Canadian border and Canadians spend over $166M every year here, as well.
Intrigued? Let's take another step.
HERE'S THE POINT:
We can email you high-level information after you sign a few risk-free documents for everyone's protection (such as an NDA, depending on whether you are a qualified potential client, or a Realtor with a qualified client).
Please also click the "Download PDF" button to read through the Presentation for additional details in the interim.
You can call/text the provided number when you "Request High-Level Details," and ask further questions about the bullet points listed above.