In 1982, my parents visited Jackson Hole to see my aunt and go skiing at Jackson Hole Mountain Resort. They immediately fell in love and two days later, bought a Yampa condo in the Aspens for around $145,000. They saw an excellent investment opportunity in the Aspens and in Jackson Hole Real Estate in general. They were not wrong!
This same excellent investment opportunity in the Aspens exists today, nothing has changed. The Aspens has it all: a Westbank address, short term rental potential, a great HOA, and a nearby grocery store and racquet club. What more could you ask for?
An Investment Opportunity in the Aspens
What’s so great about a Westbank address, you ask? Imagine a quiet and serene lifestyle just 10 minutes from skiing at JHMR, 12 minutes from the Moose-Wilson Rd entrance to Grand Teton National Park, 5 minutes to the town of Wilson and about 15 to the town of Jackson. Furthermore, a Westbank address means more roaming wildlife due to the proximity to several creeks, the Snake River and the mountains. The Westbank IS the place to live in Jackson and properties here hold their value and bounce back quickly after a dip in the market.
The Aspens also has a property management system built in, making it easy for you to rent out your property in the short term market while you are away. While you could easily choose AirBnB or VRBO to rent your property, The Aspens already has several condos in it’s rental market allowing someone else to do all the work. The Aspens generally rent for about $2200 for a two bedroom condo per month in the off-season and around $225 (or more) a night during the ski season and summer.
In The Aspens, the HOA takes care of everything! The roads are always well-plowed and maintained, landscaping and parking lots are taken care of, garbage is removed, and the buildings are maintained. There is also security that drives through to make sure everything is ok.
Lastly, we mentioned that The Aspens is close to a grocery store and racquet club. The Aspens Market sells all the staples plus several high-end selections for a classy meal. The Aspens Racquet Club comes with a gym, a pool, and tennis courts, allowing you or your guests to maintain their routine while on vacation.
We have a delightful Chokeberry Unit for sale that has already been in the rental market. This value piece of Jackson Hole Real Estate has already proven to be an excellent investment opportunity in the Aspens. The property is a turn-key opportunity that you should not miss!
Think like my parents…invest in The Aspens today!