Yellowstone Club Real Estate
Yellowstone Club In Montana
Yellowstone Club, a private ski resort and residential community near Big Sky, Montana, was a pioneer in the members-only space. The first private club with its own mountain, its uber-rich members include Bill and Melinda Gates, Google’s Eric Schmidt, Justin Timberlake and Jessica Biel, former Vice President Dan Quayle, and NBC Universal CEO Steve Burke, as well as many Wall Streeters.
The Yellowstone Club, in Big Sky, Montana, advertises itself as ‘the world’s only private ski, golf and adventure community’ whose ‘exceptional facilities, constant beauty and overwhelming charm present an incomparable location for elegant mountain living, year-round entertainment, and treasured family traditions. The members-only resort boasts 2,700 acres of ‘Private Powder’ (they’ve trademarked the expression), in addition to 18 lifts, more than 100 trails of differing difficulty, drops of 2,700 vertical feet and a terrain park for snowboarders and skiers Yellowstone Club prides itself on the resort’s exclusivity and personal privacy, employing ‘an expert public safety and security staff’ in addition to having its own fire department and emergency medical services team.
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Big Sky Montana Yellowstone Club
For all those in the golf community we have custom residences near the golf course clubhouse. The Yellowstone Club Golf is a 18-hole mountain golf course right in magical montana. Your primary residence is in a prime location surrounded by ski lifts and biking trails.
Our 240-acre private golf course is equipped with a golf clubhouse for the full golf course experience. For sale montana Madison county biking trails can also provide email alerts for your search criteria in areas like sunrise ridge. Values by zip code and skiable acres is also a factor you can use for your search.
The golf course design compliments the modern residence family compound and really shows off family traditions of an old country house. New buildings described as a masculine house are on estate lots that are built by construction crews from the ground-up construction. All are very near the private ski trails.The Yellowstone Country is a private residential country estate, ski resort, and private gated community located between Big Sky and Bozeman, Montana. It is considered one of the best luxury country clubs in the world.
The development project of Tim Blixseth began with the acquisition of almost 400 square kilometres of forested lands near the Big Sky area in Montana. He also bought some neighbouring federal lands. These acquired areas were then swapped with the government, so that he could get access to these plots of woodlands. A couple of years later, Blixseth managed to acquire the rights to build a luxury hotel complex, called Yellowstone Lodge. After that, the investment group went bankrupt; however, the company continues to operate under another name.
Real Estate Yellowstone Club
At their most popular time of year, almost 600 people work there. The club was recently profiled on CNBC’s high net worth lifestyle program “High Net Worth with Tyler Mathis.” In 2009, a federal jury awarded Mr. LeMond $38.5 million, including punitive damages, after finding Credit Suisse liable for fraud and breach of fiduciary duty. The court later reduced the award to about $31 million, citing Credit Suisse’s poor financial condition. Yellowstone Club Homes For Sale.
Those named in or mentioned by the New York Times include business executives, sports stars, politicians, entrepreneurs, investors, artists, and musicians. The Yellowstone Club is among several developments that have been the subject of litigation involving Credit Suisse. The plaintiffs claim that Credit Suisse inflated the values of those properties in an effort to generate larger fees for themselves. Yellowstone Club Real Estate For Sale At issue was a new method devised by Credit Suisse executives David Miller and Mike Miellis, called “Credit Suisse’s Dr. Frankenstein.” That method involved replacing the old appraisals Credit Suisse had previously used with another set of numbers that were much lower. In internal e-mails, Miller and Miellis refer to their new approach as “the greatest idea we’ve ever had,” and they brag about how they have managed to “take out” the previous appraisers without killing them. The question remains whether Credit Suisse did what the plaintiffs allege; if so, then why didn’t anyone else see the problem?
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In addition to the main clubhouse, the property includes two other houses: the guesthouse and the lodge. The guesthouse has five bedrooms, four bathrooms, and three fireplaces. The lodge has seven bedrooms, six bathrooms, and three fire places. Both houses are surrounded by beautiful gardens. There are also tennis courts, swimming pools, and a spa.
As part of its restructuring plan, the Yellowstone Club filed a Chapter 11 petition (In re Yellowstone Valley Holding Company LLC). On July 19, 2009, the club emerged from reorganization protection under new ownership. Prior to the sale, the club’s previous owner was unable to pay $344 million in debt.
After losing their fortune, Blixseth claimed they were broke and needed help paying off debts. They went through bankruptcy and appealed to Bill Gates for financial assistance. On May 16th, 2012, Gates lent them $1 billion.
In June 2009, shortly before the Yellowstone Club filed for Chapter 11 bankruptcy protection, it was purchased by a group of investors including one who was named chairman and CEO of the company. One of these investors was Sam Byrne, who owned a share of the club through his investment company, CrossHarbor Capital. According to court documents, the new owners paid $115 million for the Yellowstone Club, about $40 million more than what they paid for the bankrupt golf course. The sale included money used to cover the debts owed to various lenders, as well as money to make improvements to the property. Yellowstone Club Montana Real Estate.
As part of its bankruptcy proceedings, the club filed a motion asking a federal judge to dismiss Blixseth’s appeal. In 2012 the court dismissed Blixseth’s request to review an order approving the $2 million settlement between the club and Credit Suisse Bank.
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According to news reports, as of late 2015 the Yellowstone Club was operating without any outstanding debts, and was experiencing strong revenue growth. In late 2013, the Yellowstone Club entered into an agreement with Big Sky Resort, whereby they would purchase a significant amount of property located next door. Soon after, the Yellowstone Club took ownership of the bankrupt Moonlight Basin ski resort and consolidated it with Big Sky Resort’s existing terrain. CrossHarbor/Big Sky Resort also purchased a large parcel of undeveloped land in close proximity to their own resort, and planned to build a new village core that would integrate both resorts’ properties. Yellowstone Club Real Estate Prices by Hart Howerton was hired as the architect to oversee these plans, and he is currently overseeing the integration process, as well as designing the new villages.
Pioneer Mountain is located at 45°13′52″N 111°27’4″W. It has an altitude of 3,005 meters. With three major ski areas (Big Sky, Bridger Bowl, and West Thumb), the Gallatin National Forest, and 250,000 acres surrounding it, there’s plenty of terrain for skiers at every level.
With an average snowfall of about 300 inches per year and no nearby major cities, the resort has abundant powder for skiing and riding. It’s called “private powder” because there aren’t any crowds and it doesn’t get too crowded during peak times.
The skiers’ choice continues to grow. With an abundance of snowfall, the resort offers plenty of variety for every level of skier. From beginner slopes to advanced chute selections, everything is covered. The east side of the mountain boasts more trees and open fields, allowing the beginner skier to get a taste of the wilderness. Intermediate skiers can find countless options for double-black diamond powder cruisers. Advanced skiers can explore the steeps, bumps, chuts and glades on the western slope. For those seeking a challenge, there are also mogul fields and steep chutefests near the top of the mountain.
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The sports complex includes several outdoor recreation pursuits, such as climbing, cycling, hiking, and kayaking. Yellowstone Club Real Estate Listings show there are also indoor facilities for basketball, volleyball, swimming, tennis, racquetball, squash, aerobics, weight training, and dance classes.