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Jackson Hole & The Perfect Mountain Residence
January 24, 2009 by Travel & Overseas Property Magazine | Fractional, Residence Club, Timeshare, Real Estate · Leave a Comment
What are the ingredients for the ideal Private Residence Club? Many would suggest that it starts with location…a resort setting where there is a strong demand for luxury vacation homes or luxury hotel offerings. A location with mountains, rivers, golf courses, spectacular views, and multiple seasons is
preferable. Resort areas with land scarcity and a difficult entitlement process are also particularly attractive.
Welcome to Jackson Hole, Wyoming USA – a remarkable place that includes all those ingredients and then some. Jackson Hole is a valley located in west-central Wyoming, and gets the name “hole” from early trappers or mountain men, who primarily entered the valley from the north and east and had to descend into the valley along relatively steep slopes, giving the sensation of entering a hole. These low-lying valleys surrounded by mountains contain rivers and streams that are good habitat for various fur-bearing animals.
The valley is formed by the Teton Range on the western side and the Gros Ventre range on the eastern side. Grand Teton National Park occupies the north-western part of the valley encompassing the much of the Teton Range as well as Jackson Lake. The average altitude of the valley is over 6,500 feet (2,000 m).
The price of quality real estate in Jackson Hole has skyrocketed over the past decade due to the limited amount of developable land. The ever-growing demand to own a piece of paradise here created the need for alternative leisure real estate choices. In 2001, the Teton Club, located in Teton Village, was the first Private Residence Club sold as fractional ownership in the area. Located between an aerial tram and a gondola, it was the best location ever to be made available at the Jackson Hole Mountain Resort.
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