Sale of 17 Residences nets $16.5 million; Luxury Properties Elegantly Perch Above RTJ Jr. Masterpiece
(TAMARACK, Idaho) – Apparently combining a superlative all-season, amenity-rich lifestyle with world-class golf resonates with resort real estate buyers despite a soft market nationwide.
Tamarack Resort continues to be a beacon in the destination resort industry – evidenced by the weekend sellout of the first condominium residences offered in the Lodge at Osprey Meadows Lake Wing.
In four hours, Tamarack celebrated its eighth sell-out when buyers quickly purchased the original 12 Lake Wing residences available, plus an additional five released due to high demand. The 17 residences sold raised $16.5 million for the ongoing development of the nation’s newest ski, golf and lake resort.
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The residences ranged in size from studios to penthouses and in price from $495,000 to $3.1 million.
"In a slower real estate market, this sale truly speaks to the unique investment and lifestyle opportunity here at Tamarack," said Jean-Pierre Boespflug, Tamarack Resort CEO. "We sold more than we anticipated in our first release of Lodge at Osprey Meadows Lake Wing property."Â
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The Lake Wing occupies an elegant perch at the entrance to the award-winning Osprey Meadows Golf Course and is framed by the Lodge at Osprey Meadows Main Wing and the under-construction Village Plaza. Upon opening it was named the "Best New" upscale public course in America in 2006 by Golf Digest and it also garnered "Best New" status from GOLF Magazine.
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In addition to the amenities of the nearby Lodge at Osprey Meadows Main Wing – Morels Gourmet Dining and Lounge, Santé Spa, concierge services, fitness facility with pools, and the Golf and Nordic Shop – Lake Wing residents also will have their own indoor/outdoor yoga studio, game room, resident lounge, and heated, underground residential and golf-cart parking.
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Lake Wing is luxury with conscience and being built to comply with the LEED® Green Building Rating System, the nationally accepted benchmark for the design, construction and operation of high performance green buildings. Currently under construction, the Lake Wing is scheduled to open in early 2009.
For more information about Osprey Meadows at Tamarack Resort, please visit www.tamarackidaho.com or call 877-747-5676.
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About Tamarack Resort
Tamarack Resort, the first all-season resort to open in the U.S. in more than two decades, has received national attention for its world-class mountain for skiing, hiking and mountain biking; Osprey Meadows, a Robert Trent Jones, Jr., signature golf course named America’s Best New Course in its category for 2006 by Golf Digest; and beautiful Lake Cascade, ideal for swimming, sailing, fishing, sea kayaking, and boating. A key element of the Tamarack community is The Club at Tamarack for homeowners, their families and guests. Nestled in Idaho’s Payette River Mountains, Tamarack is a luxury boutique resort with a variety of lodging options all within walking distance of the four-season amenities.
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Contact:
Rob Thomas
Buffalo Communications
330-696-1476
rthomas@billycaspergolf.com