DFRE along with partner Mike Montalbano seemingly sparked a very strong 4th quarter Northstar sales run on ski-in ski-out properties. With the sale as the listing agents of modern mountain slopeside luxury living Stellar #3 for $3,360,000 in September a wave of high-end on the slopes have sold. M-5 in M-25 sold for $6.3 million along with four other ski-in ski-out homesites in M-25. $6.3 is the highest priced home ever sold in Northstar. There are now three homes under construction in M-25 to go along with the four completed homes. The prediction is there will be a run on Home Run townhomes once the snow hits. Home Run #8 is just too good of a deal.
When it comes down to it owning ski-in ski-out property is just too unique and rare in California. Even the years when the winters start slow it is great to be right on the mountain.
With what I still argue is the best view in Northstar this transaction worked out great for everyone. As with any really fair deal both sides had to give but eventually a common ground was reached. #3 also came exquisitely furnished.
Be on the lookout for us to bring M-12 back to the market and that will be the next hot ticket in M-25.
Happy New Year,
Doug
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