The Westin Monache
The Westin ‘Monache’ was built in 2005 just uphill from The Village at Mammoth and is 7 stories high. The Monache (named after a local tribe) offers all you would expect from the West brand, including the ‘Heavenly Bed,’ gym facilities, kids programs, concierge service, valet parking, shuttle service, conference facilities, pool, spa, dining (the Whitebark restaurant) and ski lockers.
The Westin auctioned off 18 condos on September 13th, 2010 in Costa Mesa at 7:00pm. There were approximateyl 175 people in attendance, including a few onlookers and real estate agents. The auction company achieved their goal of getting enough people in the room to compete against each other and bid the prices higher than what I consider to be market value. Total sales tonight were $4,432,000. The only good deal may have been the 2-bedroom for $436,000.
* Gross rental income for 2009 as reported by Intrawest Hospitality Management. Occupancy for auction units may be lower than other units as management may not have had these units available 100% of the time. Income can vary depending on amount of owner usage, condition of property, amount of snowfall, and other factors. Buyers should not buy property based on the prospect of rental income.
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Contact Dennis or Tara today for more information.
Lakeview Villas is located at 201 Lakeview Blvd. and is considered walking distance to The Village at Mammoth (about 5 minute walk). It is a small collection of 26 townhomes along the busy street that connects The Village with Canyon Lodge. They are all 3 bedrooms / 2 bathroom townhomes with 1400 sqft. Some are perched on the hill with great views towards Crowley Lake. And they boast some of the largest decks in all of Mammoth for your BBQ’ing pleasure.
We like Lakeview Villas for its location, floorplans and managers. Ken and Lauralee are conscientious on-site managers who help owners handle rentals and keep the place looking great. The one downside is the the lack of a pool, but they have a nice outdoor spa and a game room. It is also located on the shuttle route to Canyon Lodge.
Price History: Prices steadily climbed from $300,000 in 2003 up to $640,000 at the peak of the boom, then back down to $350,000 in 2009.
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