25 acre purchase will yield 102 residential units at slope side at Killington Resort
By Polly Mikula
Ottauquechee Realty Advisors, LLC has closed on its purchase of 25 acres from Killington Resort, on which it will develop Base Camp at Bear Mountain. The sale was finalized Thursday, Sept. 19. The development parcel, adjacent from Killington Resort’s Bear Mountain Base Lodge, has town and Vermont Act 250 Master Plan approvals allowing for up to 102 residential units.
Phase I is fully permitted for the construction of 24 townhomes configured in 12 duplex buildings. All of the townhomes will have ski-in ski-out access on the Bear Cub Trail at Bear Mountain.
Duplex prices start at $2,900,000 depending on view and location, according to the website (basecampatbearmt.com).
The two-level duplex units feature a first floor layout with a two-car heated garage, entry area, gear locker, storage room, office, bathroom, bonus room, and open dining, living, and kitchen areas as well as access to patios. The second-floor sleeping level consists of four bedrooms and three full bathrooms; two are master suites and two bedrooms have a shared bath.
The townhomes feature radiant heat, gourmet kitchen, and high-end finishes throughout, Bomengen noted. The living room features 14-foot ceilings with floor-to-ceiling windows looking out at Bear Mountain.
This will be the third development at Killington by the managing Ottauquechee Realty Advisors partners Richard Saunders and Steve Malone. The first two were Top Ridge and The Lodges within Sunrise Mountain Village, both developed along the Sun Dog trail.
“The market for the upscale townhomes is for young families, typically with two kids and parents in their early-to-mid 40s who are fairly high wage earners and want a new ski home,” Malone said.
Malone said pre-construction will begin this fall and continue as long as possible until winter weather sets in, then it will proceed in the spring.
“We anticipate commencing site-work beginning October, then vertical construction will begin late fall or early winter,” Malone said.
Once construction begins, Malone estimates that it’ll take 2 1/2 years to complete the 24 townhomes. He expects them to be completed by late fall of 2026.
“About 65%-70% of the buying population wants to see a model home, especially in this price point,” Malone added. “So once we have one done for folks to walk into and see furnished, then the marketing and sales shifts into a high gear.”
Ottauquechee Realty Advisors, LLC has partnered with Prestige Real Estate as its listing agent for sales of the units.
“The interest level in these properties has been very strong,” said Heidi Bomengen, co-owner and broker at Prestige Real Estate, of the pre-sales over two past years.
“Base Camp at Bear Mountain is the newest development … in Killington in more than a decade,” the listing on prestigekillington.com reads.
Future Base Camp at Bear Mountain development phases will include a multi-family offering and a custom home offering. Phase 2 will add 72 residential units consisting of townhomes and multi-family buildings. Phase 3 will consist of six single-family residences.
The developers have also stated they plan to build homes only when they have purchase and sales agreements. It’s unclear how long it will take for the entire project to be completed.
“It depends on the market, the economy,” Malone said.
For more information, visit: basecampatbearmt.com.
Courtesy Base Camp at Bear Mountain
Courtesy Base Camp at Bear Mountain
Rendition shows what the 24 duplexes will look like once completed. The estimated timeline would have the project completed by the end of 2026. The townhomes start at $2.9m and feature floor-to-ceiling windows with views of Bear Mountain.
