We’ve handled numerous Westin Monache units as REOs over the past nine years. They were sold at the peak of the market and had conventional financing available at the time. So many of the properties ended up as foreclosures or short sales. And right out of the gates they didn’t produce significant income. How things have changed. The 2-bedroom / 2-bath units originally sold in the $900,000 to $1,200,000 range depending on location, floor plan, views, etc. Now they are selling for significantly less. And there is no conventional financing. But the Westin is a very popular destination for many Mammoth visitors, and deservedly so. It is recognized as Mammoth’s finest lodging location. The units also produce substantial revenue. Many “investors” in Mammoth consider the Westin Studio units to have the best and most stable ROI in the Mammoth condominium market.
This unit has a corner location overlooking the entry and has super views up to Mammoth Mountain. You can see the top of Chair 23, top of Chair 3, the top of Lincoln Mountain, etc., and you can even see Dave’s Run from the master bedroom. Pretty impressive. For “people watching” lovers you even get a good views of the Village gondola cars as they pass by. This property is in rental-ready condition. The owner relations manager said these units rented for over $1100 per night during the holidays. Listed at $569,900
