Mammoth Real Estate News Blog » New Real Estate Projects

Mammoth Hillside is in the process of getting the grading permit, which should be issued this summer. Their new partner on the project is Roger Staubach’s real estate development team, Cypress Equities, who will be controlling the project, owning the land and directing the development starting in June.

The project is still a Ritz, the difference will be that it will be Ritz Residences, not a condo-hotel product. As a result there are likely to be fewer “hotel room” suites and more villas. Those who made reservations will still receive first priority selection and preferred pricing, although the pricing is likely to go up a little bit due to construction cost increases.

Ritz-Carlton is very sensitive to making the formal announcement until everything is completed as having a Ritz Carlton in Mammoth is a big deal for the town and a big deal for Ritz’s Southern California clients.

More formal announcements will come later this summer once the grading permit is achieved.

Update from Christina Soloski, Mammoth Hillside - 6/6/2007

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March 15, 2007

Tallus Private Residence Club - Fractional Ownership

Filed under: Mammoth Real Estate, New Real Estate Projects — Stacie @ 8:04 pm

3/15/2007 Update at Coldwell Banker Mammoth sales office

Tallus Sales and Construction Update

Construction: Phase I (completed Summer 07) - 4 homes completed; 5 in final stages of construction. Phase 2 - 10 homes - construction in 2008.
Sales: Prospect and owners who have stayed at the project are very enthusiastic, lead generation is growing steadily, Destination Club Properties is no longer involved.

Tallus Owner Testimonials

First and foremost, WOW. I have been going to Mammoth since the 1969 season. My stay last weekend is the best I have ever experienced and we are so happy about Tallus we cannot put into words. - Scott and Ann Ramser, Newport Beach, CA

Gail and I vacation all over the world an dsince coming to Tallus we have fallen in love with Mammoth! We never expected our second home to include an indoor swimming pool, a fitness center, concierge, and private transportation in a Mercedes coach. They even do our shopping at Von’s! - Sam Seerlig, Malibu, CA

It is comforting to know that we, our children and our grandchildren now have a terrific place to call “home” at Mammoth Lakes: TALLUS. What is there not to love about Tallus? - John and Barbara Gay, Kenwood, CA

My family owns several large vacation homes and I can say without a doubt that Tallus is the best of all. - Sean Hecht, Santa Barbara, CA

Fractional Ownership Benefits

Owners get a great home for less
Usage plans meet the needs of Most second home owners (avg. second home usage is <30 days/year)
Includes high-end services and amenities
Removes the excessive burden of maintaining and repairing a second home
Exchange vacations with other high end properties
Hassle-free

Fractional Facts and Trends

Fractional ownership is the fastest growing segment of resort real estate; today there are over 200 projects in the US.
In 2003 sales were $530M, in 2005 they exceeded $2B.
The town of Vail requires new multi-family developments to include a fractional component.
Resort communities realize that there is a significant economic benefit from fractional ownership; more visits by affluent families that spend more money vacationing.
Fractional owners have expressed over a 95% customer satisfaction rate.

Tallus Ownership Options

Whole ownership with unlimited usage of a home for $4,770,000 with free HOA fees for 3 years (a $250,000 value)
1/6 Ownership with 5 guaranteed weeks of usage plus unlimited space available usage of a home for $795,000.
NEW LIMITED OPTION: 1/12 ownership with approximately 1 month of usage for a price in the $300,000’s. More information to follow. Only one home will be sold in 1/12 (only 12 shares available when released - mailto:stacie@ownmammoth.com for reservation information).

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