Jackson Hole Real Estate Associates is pleased to present Experience Jackson Hole: The Catalog of Fine Properties and Lifestyle for Summer 2019. Inside you will find a collection of exceptional properties, as well as a look at the people, organizations and lifestyles unique to Jackson Hole and the Teton Region.
Jackson Hole Real Estate Associates, the region’s largest and most dynamic real estate company, is proud to present our comprehensive Market Report for the year end of 2018. Assembled from Jackson Hole Real Estate Associates’ proprietary database, the most extensive source of information about the region’s real estate market, and insight from our dedicated team of professionals, the report provides valuable insight into the market segments that make up the Jackson Hole area.
Jackson Hole Real Estate Associates is pleased to present the Catalog of Fine Properties and Lifestyle for the Winter and Spring, 2018 – 2019. Inside you will find a collection of the region’s premiere homes and properties, as well as a look at the people, organizations and culture that make this area so remarkable.
Wyoming’s wealth-friendly status as well as Jackson Hole’s lifestyle benefits have created incredible demand and diversity in housing options in Jackson. Recognized as a “World Heritage Site” by the U.N. and the Department of Interior; Jackson Hole represents some of the most renowned natural beauty and ecological significance on the planet. The economic benefits of our state are certainly rivaled only by the health and lifestyle benefits enjoyed by our residents.
OVER 97% OF TETON COUNTY’S 2.7 MILLION ACRES WHICH INCLUDE JACKSON HOLE IS PERMANENTLY PRESERVED in National Parks, National Forests, and other varieties of public land. This means that just 3% of the Jackson Hole valley is privately held and of that, over two-thirds is already developed or preserved through conservation easements. Jackson Hole’s commitment to retaining the character, lifestyle and natural resources of this area has resulted in the creation of a highly desirable community that continues to attract full and part time residents from around the world.
North OF THE TOWN OF JACKSON The Jackson Hole Golf & Tennis Club blends the rugged West with the country club lifestyle and boasts a Robert Trent-Jones II -designed golf course. As you continue north towards the airport, the area features subdivisions, such as Solitude and Upper and Lower Cascade which offers full views of the Teton Mountains. Many of these subdivisions are tucked off main roads and have Snake River access.
Price range is $500,000 – $20,000,000
Town OF JACKSON The Town of Jackson was named in 1894 after Davey Jackson, who spent a winter in the late 1800s on Jackson Lake. Today, residents enjoy a vibrant cultural scene, anchored by the $35 million Jackson Hole Center for the Arts. In addition to the cultural benefits and convenience, St. Johns Hospital is located to the east of the Town of Jackson and features top-of the line medical services and
Price range is $350,000 – $3,000,000
South OF THE TOWN OF JACKSON The area known as South Park is the open expanse of land that spreads south from Jackson Hole High School and High School Road. South Park offers property that can feel separated from town, but is actually quite convenient to the bike path and services of town. It features relatively affordable neighborhoods such as Rafter J and Melody Ranch; as well as more high-end, 3-Creek Ranch, the valley’s first completely private golf course, not to mention some of the last privately held ranch lands in Jackson Hole.
Price range is $500,000 – $12,000,000
Wyoming is one of the most tax-friendly states. There are plenty of reasons to be thankful for owning a home in Jackson Hole, Wyoming: the mountains, the rivers, two national parks and three ski resorts, art galleries and restaurants, a charming Western-style downtown, and a close knit, philanthropic-minded and fun loving community. As enviable as our lifestyle is here, reality does intrude occasionally, as it will in mid-April when we pay our taxes. But even in that area, we as Wyoming residents are better off than most. After all, Wyoming has been cited by Bloomberg Wealth Management magazine as the most tax friendly state in the country. We can stretch our hard-earned dollars farther, whether to buy real estate, leave property to our heirs or buy a new mountain bike.
Below is a list of top 10 tax benefits offered by Clay Geittmann, Senior Vice President and Manager of Trust Services at Bank of Jackson Hole, on why it’s good to own a home in Wyoming.
NO STATE INCOME TAX
With no state tax on personal or corporate income, “you have more disposable income,” Geittmann says.
In Wyoming, you can shield your real estate from federal estate taxes for up to 1,000 years through a dynasty trust. “You can establish a trust in Wyoming for the benefit of your family or other beneficiaries,” Geittmann says. “You can transfer your real estate into a limited liability company or family partnership and then put that into the dynasty trust, which can continue for a thousand years.” As a result, multiple generations can make use of and enjoy the property, without having to pay estate taxes or worse, having to sell the property in order to pay the taxes. A key point to remember: The trust must be administered in Wyoming.
NO INHERITANCE TAX
Wyoming does not assess any state inheritance tax.
NO STATE GIFT TAX
“Somebody who owns property in Wyoming can ‘gift’ that real estate to their heirs without having to worry about paying a state gift tax,” Geittmann says.
NO TAX ON OUT-OF-STATE RETIREMENT INCOME
“A lot of people in Jackson Hole use Wyoming as a second home,” Geittmann says. “They have retirement income that comes from other states where they may be a resident. Wyoming does not tax that retirement income that’s earned outside of Wyoming, and if the participant is a resident of Wyoming when they take that income then the original state cannot tax that income either, which is certainly beneficial.”
LOW PROPERTY TAXES
“Wyoming has very low property taxes compared to other states,” Geittmann says. “The taxes that you do pay here are based on the assessed value of the property.”
NO EXCISE TAXES
When you fill up your car with gas or buy a bag of groceries in Wyoming, you will not pay any state tax on your gas or food.
NO TAX ON MINERAL OWNERSHIP
“A lot of states charge owners a tax on their mineral ownership, but Wyoming does not,” Geittmann says. “If you own minerals, you will not pay a tax on it like you would your home.”
NO INTANGIBLE TAXES
Wyoming doesn’t make you pay a tax on financial assets like stocks and bonds.
NO TAX ON THE SALE OF REAL ESTATE
Jackson Hole Mountain Resort has been voted number one ski resort by SKI Magazine, and in celebration President Jerry Blann is saying “thanks” with a free ski day.
SKI Magazine’s survey, now in its 26th year, provides an annual snapshot of the Top 50 resorts in North America. Readers rank resorts in 20 different categories from snow and lifts, to dining and service. Jackson Hole earned the top spot this year, as well as Top 10 rankings in a wide range of areas, from Challenge and Character (both # 1’s) to Lodging (# 3) and Service (# 7). For a mountain never known for extensive grooming until the recent “All New All Blue” initiatives, Jackson Hole ranked #19 in grooming this year. “Jackson Hole has done as good of a job as any resort in recent memory of expanding its appeal to a wider audience, now offering a remarkable experience to skiers of all talents and tastes,” Greg Ditrinco, Editor of SKI Magazine says.
…as if we didn’t already know.
Enjoy these Five Secret’s to Skiing Jackson Hole
Christie’s Bespoke Marketing Program offers a custom-tailored package of solutions for marketing your fine property. In the recent affiliate newsletter, Christie’s features 77 exceptional properties from around the world. Here is a hand-selected 11 including one of Jackson’s very own!
The Crescent H Ranch
Price Available Upon Request
An Idyllic Setting – Located at the edge of the Bridger-Teton National Forest, Crescent H provides a unique sanctuary from the outside world, yet is within proximity to the upscale community of Jackson Hole as well as Yellowstone and Grand Teton National Parks. Hiking, mountain biking, cross-country skiing, hunting, fishing, boating, and golfing are just some of the activities nearby. Horse trails begin at Crescent H and interconnect with hundreds of miles of National Forest trails. With seven miles of private fly-fishing on Fish Creek, numerous spring creeks, and the Snake River, it is almost impossible not to enjoy yourself at this incredible property. [details…]
Truly reflecting the scale, proportion, and spirit of English Tudor and Elizabethan country estates, Chiltern is privately sited on more than six acres in the sought-after community of Hillsborough, California. Close to both the multicultural metropolis of San Francisco and the business and technology center of Silicon Valley, this borough is an ideal place to raise a family in a peaceful and secure environment. [VIDEO]
Palatial Elegance on Place des Victoires
Price Available Upon Request
Originally built as a hôtel particulier, a palatial mansion once owned by French nobility, this estate has been perfectly restored and transformed into a superlative array of luxurious private domains. Encompassing 1,000 total square meters, or more than 10,700 square feet, the building features a wealth of grandly proportioned entertaining rooms, sumptuous living areas, and a total of 10 bedrooms and bathrooms. [details…]
ATTENTION SKI LOVERS!
The Pennington Estate
Tahoe City, CA
The Pennington Estate is situated in the neighborhood of Sunnyside on more than three manicured, level acres dotted with majestic native Jeffrey pines and light firs–just a few minutes away from the quaint village of Tahoe City and its fine shops and restaurants. The property embraces 175 feet of Lake Tahoe shoreline, and is home to a newly Trexed deep-water pier, three boat slips, a 12,000-pound boat lift, and a lovely pebble-and-sand beach. The estate is also a short distance away from Tahoe-Truckee airport and the world-class ski areas of Alpine Meadows, Homewood, and Squaw Valley. [details…]
The Woolworth Mansion Off Fifth Avenue
New York, NY
By the late 1890s the retail chain of Frank Woolworth was expanding so rapidly that he was able to engage Charles Pierpont Henry Gilbert, the famed architect of mansions in the French Gothic style who had just completed a prime example at Fifth Avenue and East 79th Street known today as the Ukrainian Institute, to design one for him at 80th and Fifth Avenue. [VIDEO]
Cuadra San Cristobal
Mexico City, Mexico
Boasting the modernist architectural touch of famous Pritzker Prize winner, Luis Barragán, Cuadra San Cristobal is a triumph of geometry, and displays the power of earthen tones, and the genius of simplicity. [details…]
Top of the Ridge
Rancho Mirage, CA
Top of the Ridge is spectacularly situated in Rancho Mirage, adjacent to Palm Springs—an area renowned for its mid-century modern architecture and credited with being the home of “Desert Modernism.” Majestically poised atop a mountain in Mirada Estates, a gated community with 24-hour security, this stunning home enjoys grand views of both the surrounding mountains and the sprawling desert floor. Mirada Estates residences are all custom-built by owners and developers, each maintaining a high level of uniqueness and integrity. Top of the Ridge sits on nearly three acres of land and includes all of the amenities that define an elegant lifestyle. [details…]
Ilhabela, Sao Paulo, Brazil
Located in gorgeous Ilhabela, Portuguese for “beautiful island,” this exquisite and tranquil residence was designed by renowned architect Marcio Kogan. Hidden in the clearing of a tropical forest, the garden of this stunning locale has space devoted to contemplation. Inspired by a desire to relax and meditate in nature, the owners worked with a famous Brazilian architecture studio to create this masterpiece to allow a closeness with the environment. [details…]
Regally poised on its own gently sloped hillside, Evans Ridge spans an incredible 42,000 square feet and sits on 70 acres of peaceful natural surroundings. Framed by towering curved bay windows and glorious rotundas, the 11-bedroom manor abounds with high-end finishes as well as a palate of neutral shades and endless textures. [details…]
The Bulgari Hotel, London
Price Available Upon Request
This is an opportunity to purchase an exquisite 7th floor lateral penthouse apartment of 9,260 square feet (860 square meters). The property benefits from the exclusive services, leisure facilities and security of a brand-new luxury hotel. [details…]
Chateau El Masr
Price Available Upon Request
When this property was bought at the end of the 19th Century by Scotsman Charles Floods, who had just returned from Egypt where he made his fortune, he kept this tower and had the architects Bourrit and Simmler build a half Gothic, half Oriental style chateau in 1883-1884, which he named El Masr, meaning the Egyptian. [VIDEO]
As a Christie’s International Real Estate affiliate in Jackson, WY, consider me as your professional representative for all local homes, land and ranches for sale or any of Christie’s featured luxury homes across the globe. Contact me for all your real estate needs.
Christie’s Appoints Landscope Realty Limited as the First Real Estate Affiliate in Southeast Asia
In February, I was proud to announce that those selling luxury Jackson Hole homes with Jackson Hole Real Estate Associates will be able to benefit from an expanded reach to the US, Europe, Africa, Canada, the Caribbean due to 10 new Christie’s International Real Estate affiliates. On April 12th, Christie’s announced another new affiliate with Landscope Realty Limited making the Hong Kong brokerage the first real estate affiliate in Southeast Asia! This gives JHREA sellers even more of a global presence online.
Landscope is the 13th brokerage to become an affiliate with Christie’s International Real Estate in the last six months. In addition to being the leader in luxury real estate sales in Hong Kong, Landscope also closed the highest residential sale of HK 728.88 million.
“We are honored to have been chosen to join the Christie’s International Real Estate network,” says K.S. Koh, Managing Director of Landscope. “Our existing prime position in the Hong Kong market is further strengthened by the ability to offer a pre-qualified real estate specialist service on acquisition and disposal of luxury properties worldwide from within our network. We can now also refer them to our Christie’s colleagues for art advice, as our ultra-high-net-worth clientele has diverse investment interests. Additionally, we are eager to assist international clients looking to acquire real estate in and around Hong Kong. The association with Christie’s is an endorsement of our core values which include integrity, professionalism and discretion.”
Naturally I’m excited to offer more exposure for our clients, but to now also facilitate and assist those who appreciate fine art and real estate in Hong Kong is a great honor.
As part of an ongoing effort to give their affiliates (Jackson Hole Real Estate Associates) international exposure for the benefit of their clients (JHREA listings), Christie’s International Real Estate has announced it’s sponsorship in the 2012 Tavistock Cup.
Televised on the Golf Channel in the U.S., Canada and Japan, the PGA Tour will be held March 19th and 20th in Orlando, FL. Other affiliated stations also air the coverage via live broadcast to the U.K., Latin America, Asia and South Africa reaching nearly 100 million households in more than 200 countries.
As an affiliate of Christie’s International Real Estate, Jackson Hole Real Estate Associates is excited to have the opportunity to benefit from such a prestigious worldwide advertising platform.
The commercial will be posted on the Christie’s website the day it premieres, March 19. Look for the Tavistock Cup under the homepage photo carousel for updates leading up to the tournament.
Celebrating its eighth year, the Tavistock Cup will return to Lake Nona-a Tom Fazio-designed course, which continually ranks among the top residential courses in the world and host to a number of international tournaments-to determine the World Golf and Country Club Champion. The competition between the Isleworth and Lake Nona country clubs and golf communities, both Exclusive Affiliates, was expanded just last year to include two international clubs: Albany, a new luxury resort in the Bahamas, and the exclusive Queenswood Club, a classic Surry heathland course outside of London. What makes this inter-club rivalry all the more exciting is that these four clubs represent the highest concentration of top-ranked golfers, collectively winning more than 825 worldwide victories, including 59 major championships.