The Idaho Statesman | Edition Date: 07-31-2005Įscalating real estate prices threaten to squeeze out the middle class and even old-money families, as the super-rich transform Valley County into another Sun Valley.įed by a wrong-headed tax break for developers, the frenzy is pricing Idahoans out of homes where they’ve built sweet memories of sun and snow.
Property taxes squeezing middle class in Valley County Looking at the population of the county and the number of residents had me wondering about taxes associated with the building of the new resort.īecause Bush’s visit wasn’t only recreational. At Tamarack, which is not on the MLS, average 2004 sale price was around $624,000.Īnnual taxes on median-priced home In the county, about $940 per $100,000 of assessed value, and in McCall, about $1,100 per $100,000 One, called Boulder Creek Meadows, is nine miles from the resort and offers lots from $70,000 to $110,000. New subdivisions have been proposed, but for now check out Eagle Nest, three miles east, where 2- to 27-acre lots run $78,000 to $150,000.ĭonnelly – With a few hundred residents, this tiny town-the closest to Tamarack-has plenty of vacant land, as well as new subdivisions in the wings. 3- to 1-acre-plus lots, some overlooking the lake, selling for $60,000 to $300,000.Ĭascade – In this former mill town, 23 miles from Tamarack and about five minutes from Lake Cascade, a four-bedroom, two-bath house starts at $164,000, but most deals close in the $250,000 to $350,000 range. 5-acre homesites seven miles south of McCall ($125,000 to $450,000), and Aspen Ridge, near downtown with. Hot projects include Jug Mountain Ranch, with a golf course and. Payette Lake offers homes from $1 million to $11 million. McCall – With new restaurants and shops, the area’s largest town has $120,000 fixer-uppers and 20- to 30-year-old homes for $120,000 to $200,000. A refundable deposit is required for a reservation, and when your turn comes you can accept or reject the available choices. New designs with slopeside locations will be sold in a third release in early 2005. 5- to 1.5-acre lots on the golf course and 62 twin-level cottages and chalets, ranging from 1,200 square feet with two bedrooms and two baths to 2,400 square feet with three bedrooms and three-and-a-half baths. Tamarack Resort – The first two phases of development consisted of 171 properties, including. Around Valley County, which has slumbered since the decline of the timber industry, the mantra these days among real estate agents is: “Let the bidding begin.” Prices are escalating, but you can still snag a piece of land for less than $100,000 or a new cabin for less than $300,000. In recent months, $80 million in real estate has changed hands at Tamarack. Moreover, nearby Brundage Mountain Resort is on an expansion kick of its own, making a two-mountain ski fling a viable proposition. Tamarack will open for lift-served skiing this year and plans to add a village, a golf course and a large residential community over the next 10 years. But now, where once there was nothing, there’s an on-hill layout that offers long, looping cruisers and more than 2,800 feet of vertical. Until last season, Tamarack resort was just another name in a long string of development proposals for a site 97 miles north of Boise, Idaho. First a little information on the posh new vacation spot with alpine pretentions. Tamarack is a big, brand spanking new resort. Still, locals are hoping they’ll be able to catch at least a glimpse of the commander-in-chief. Only season pass holders and homeowners can get through. KTVB’s website reported, just prior the president’s visit, Tamarack is now closed at the entrance. The Idaho Statesman reports that most of the Tamarack rentals had been “snapped up” by the Department of Homeland Security. Access to the resort will be limited to Tamarack Resort homeowners, Club members, lodging guests and season pass holders. The Tamarack webpage reads: Tamarack Resort will be open with limited access August 22-24 due to other scheduled events. Has a president’s visit always mandated the closing down of a large resort?
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