Last Wednesday it was announced in the Sotheby’s weekly sales meeting that the brokerage had been chosen to list, and eventually help auction, properties at White Buffalo Club, a high-end hotel condo project on Gill Avenue near Miller Park.
Today, three of the offerings hit the Teton County Multiple Listing Service – a pair of 3-bed, 4-bath, 1,760-square-foot units and a 2-bed, 3-bath, 1,390-square-foot unit. List prices are set at $1.795 million for the 3-bed units and $1.395 million for the 2-bed units, but opening bids for the Jan. 23, 2010, auction will begin at $740,000 and $565,000, respectively.
These units are somewhat unique in the town of Jackson, but compare in many ways to Teton Village properties such as Teton Mountain Lodge and Hotel Terra. A key enticement for these properties is that financing is pre-arranged for qualified buyers, a hurdle that has contributed mightily to the decline of the condo-hotel market.
A formal announcement will be forthcoming and I’ll share more details in this space at that time.