Live where Olympians Live!

Just Listed For Sale – Wonderful Home in The Knolls, Mammoth Lakes!

Just one block from The Village at Mammoth sits this nicely-sized 3 bedroom, 2.5 bathroom 2-car garage house on a corner lot in the desirable neighborhood of “The Knolls.”  Drenched in sun, the home has plenty of deck space to capture it.

141 Mammoth Knolls Dr. has a very easy floorplan with two bedrooms downstairs with a guest bathroom and laundry room.  Upstairs you will find a wide open living area with lots of windows and a recently upgraded kitchen (done by highly-regarded local craftsman) with GE stainless appliances.  Just beyond the powder room is the master suite with walk-in closet and more views.

Great neighborhood with lots of nice homes and easy access to the following:
• The Village (shops, restaurants, entertainment): Only 400 yards away.
• The Village gondola: 650 yards
• Uptown/Downtown mountain bike trails: 275 yards.
• End of the new ski-back trail: 470 yards
• Main Lodge of the Mammoth Mountain Ski Area (The Knolls is the last subdivision on Minaret before the road up to the ski area): 4 miles.
• Running trails on U.S. forest service land: right out the backyard.

Get more info and video about this great house at www.MammothKnollsHome.com.  Asking price is $649,000.

My friend, Olympic marathon silver medalist, Meb Kelezhighi, lives in this house and has trained in Mammoth for all of his major marathon wins.  Just down the street, I recently sold the house of Olympic runners Ryan and Sara Hall.  Olympic swimmer, Roy Saari, used to live on Ryan’s street.  Just across from them, I put Kelly Clark (Olympic Snowboarder) into a nice house.  Across town lives my friends Deena (Olympic marathoner) and Andrew Kastor.  Live where the Olympians live!   -Dennis

Mammoth Lakes Village Woes

Friday, May 01, 2009

Spring isn’t quite sure if it's ready yet to stay here in Mammoth. After another little dousing of snow last week, we were treated with a beautiful spring day last weekend and now it looks like it’s snowing up on the mountain again. For those who ventured up to Mammoth last weekend to pick up their season passes for this year, they were treated with some fresh powder. Meanwhile just down the road the fishermen are out in swarms!

It truly is a wonderful time of year here in Mammoth Lakes. We’re seeing the golf courses start to come to life after being covered in snow all winter. Mountain bike trails, especially just outside of town, are completely accessible, fishing season has begun and the skiing/boarding is still great. As far as Mammoth Lakes real estate goes, activity has been pretty consistent over the past 5-6 months and although the town is relatively quiet, we’re seeing a fair number of deals go through. Our foreclosure inventory is low right now due to the recent government moratorium on foreclosures, but we are expect to see more come on the market this summer. Be sure to visit http://www.mammothlakesforeclosures.com/ every so often to see all the current bank-owned properties listed for sale.


Unfortunately, the commercial real estate market here is still suffering. Just recently the already ghostly Village lost three more tenants (LuLu’s Restaurant, 5 Burroughs Pizza and Rocky Mountain Chocolate Factory). Galerie Barjour had closed on March 28th. All have left due to the extremely high rents. The majority of the commercial space in the Village at Mammoth is currently owned by a real estate investment trust (REIT) called CNL. It’s rumored that CNL will sell and there is at least one buyer out there, but the price that CNL wants is insane, especially in the current economic climate. The good news is that “eventually” everything will work it self out, the commercial real estate in the Village will sell and the new owner will be able to offer reasonable and sustainable rents, thus giving us a thriving “village”. The question is, how long is that going to take?

Time to get out and enjoy some of that pristine mountain air here in the High Sierra!

Tara Peterson & Dennis Cox
RE/MAX of Mammoth

P.S. Don’t forget to check out our website at http://www.mammothrealtysearch.com/

Mammoth Yosemite Airport update - Horizon Air on the horizon

Great news for our Mammoth/Yosemite Airport!

The FAA recently issued a Record of Decision conditionally approving Horizon Air to establish air service to Mammoth Yosemite Airport (MMH) beginning this December 2008. This definitive step towards having commercial air service into Mammoth Lakes, California once again is good news for our community and for those working for so many years on this idea. For more information, please see the following press release dated May 19th from Stuart Brown, Community Relations Manager for the Town of Mammoth Lakes:

"FAA ISSUES RECORD OF DECISION FOR MAMMOTH YOSEMITE AIRPORT"

Mammoth Lakes, CA – Scheduled commercial air service is one step closer with the Federal Aviation Administration (FAA) issuing its Record of Decision (ROD) approving the proposed Horizon Air Operations Specifications Amendment to allow scheduled air service to Mammoth Yosemite Airport (MMH).

The ROD allows Horizon Air to proceed with implementing commercial air service with two daytime flights between MMH and Los Angeles International Airport beginning in the winter ski season of 2008/2009 (approximately December to April) provided the Town of Mammoth Lakes obtains a 14 CFR Part 139 Class 1 Airport Operating Certificate for MMH. Horizon Air’s initial proposed service utilizes a 76 seat Bombardier DHC 8-400 (Q-400) turbopropeller aircraft.

“This Record of Decision represents a significant milestone for Mammoth in reinstituting commercial air service to Mammoth Yosemite Airport. The process has been lengthy, arduous and not without significant challenges, but the end result will greatly contribute to the economic sustainability of our community,” stated Karen Johnston, Assistant Town Manager. The aviation forecast anticipates that the subsidized winter ski season service could increase to eight flights per day by the winter ski season of 2011/2012 as additional regional markets such as Las Vegas, Northern California, San Diego or alternate Southern California markets are added.

Winter service is not expected to exceed eight flights per day due to the airport facility physical constraints (e.g., terminal capacity, available apron area). The forecast estimates that unsubsidized summer (July through August) air service could begin in 2012/2013 with two flights daily from LAX.

The Horizon Air Final Environmental Impact Statement (FEIS) was prepared and issued by the FAA in compliance with the National Environmental Policy Act of 1969 (NEPA) and the implementing regulations of the Council on Environmental Quality (CEQ). Although the Horizon Air FEIS demonstrates that there would be no significant impacts associated with the proposed action, the FAA prepared an EIS because FAA considered it most prudent in light of the previous injunction issued by the U.S. District Court for the Northern District of California for the Town’s proposed expansion of the airport, and the resources potentially affected by establishment of scheduled air carrier service. "

And to everyone who has said, "I'll believe it when I see it," the work has already begun on the runway, as seen in this photo taken on May 19th.

There were at least a dozen bulldozers scraping the runway getting ready to re-surface it. Local pilot Jon Eller explains that they should be getting rid of a small crown in the runway that prevents pilots at one end of the runway see all the way to the other end. For more information on the airport, including its current closure, click HERE.



To contact us regarding real estate opportunities in and around Mammoth Lakes, visit our website.