Real Estate in Mammoth lakes: Golf Course Frontage Land for Sale in Mammoth Lakes
5700 Minaret Road is a unique parcel of land currently for sale in Mammoth Lakes. This property is 1.03 acres of land and is presently improved with an older 4-unit building; having exceeded its useful life. While the building offers little in the way of value, the location of the property and its two most unique characteristics do offer substantial value:
- Frontage on the 6th Fairway of the Sierra Star Golf Course in Mammoth Lakes is tough to find, particularly with a property that is 1 acre in size. The property has roughly 300 feet of frontage along the golf course and because this is Mammoth’s only 18-hole course, other opportunities like this are limited.
- Specialty Lodging Zoning within the North Village Specific Plan is another very unique characteristic for Mammoth Lakes. This zoning allows an owner to develop the property with a density as high as 48 rooms (hotel or condo) per acre, with an encouragement for ground floor retail to accommodate lodging uses. Other uses are possible as well.
The property is located approximately 1/4 mile south of the Village at Mammoth; meaning nightlife, gondola access, mountain biking and public transportation are just a short walk away. The Village at Mammoth is a focal point for locals and visitors alike and generally commands the highest occupancy levels and rates for those looking to rent their properties on a nightly basis.
As of July 2016, Hart Howerton was working with the Town of Mammoth Lakes and Mammoth Mountain Ski Area on completing an updated visioning process for Mammoth Lakes. Initial stages of this vision proposed a 4-5 star hotel only blocks from 5700 Minaret Road as well as improved ski access. This visioning plan will be unveiled in coming months.
Here is a short video of the property: 5700 Minaret Road Video
Please contact Matthew Lehman or visit, Map Search, for more information on this development opportunity or other Real Estate in Mammoth Lakes