Base Camp at Bear Mountain plans to begin vertical construction this fall

By Polly Mikula

Twenty-four 4-bedroom, 4-bath duplex townhouses with attached 2-car garages are underway at Bear Mountain in Killington. All of the townhomes will have ski-in ski-out access on the Bear Cub Trail.

Site clearing for the new slope side duplex development at Killington Resort’s Bear Mountain began this past October and will resume with “heavy earth work” this spring as soon as conditions allow, “typically April 15-May 1,” estimated developer Steve Malone, of Ottauquechee Realty Advisors. “Vertical construction will likely begin around September 1 with the first delivery of completed units in Q2 or Q3 of 2026,” he said.

In total the Base Camp at Bear Mountain community will consist of 102 residential units, when fully build out. The first phase, now underway, includes 12 buildings with 24 townhomes. The first five buildings (10 townhomes) are underway, one of which will be a model unit, Malone noted. The construction of the remaining seven buildings of Phase 1 will be “predicated on pre-sales,” Malone noted, adding that he expects the timing to be swift. “Once buyers can go into a model unit the sales are quick,” he said. “At this high-end price point, usually folks like to see what their buying.” 

Ottauquechee Realty Advisors, LLC has partnered with Prestige Real Estate as its listing agent for sales of the units.

Heidi Bomengen, co-owner and broker at Prestige Real Estate, said that five of the nine townhomes available (10 are being built but one will be the model home) are currently under contract with three signed and two more underway. Sold units are located on one side of buildings 6, 11 and 12, 11 and both sides of building 10.

The base prices depend on location of the units within the complex and range from $2.9 million to $3.25 million. Then there are options for a few upgrades, the largest of which is $400,000 to finish the lower level adding about 1,400 square feet to the property for a total of 4,000 square feet per townhome. With these add-ons, “a few of the units are under contract for $3.62 million,” Bomengen said. “There are not many option for upgrades as most of them are included in all the units,” she added, explaining owners could also add a heated patio and walkway. 

With added options, the price per square foot is approaching $1,000, Malone noted. A record high for Killington, and the region at large. But Malone noted that a comparable option at Park City would fetch $3,000 per square foot, and at Aspen it’d be $4,000 per square foot. 

“We’re a drive-to market, so we don’t expect Killington to ever be as high as Aspen, but at $1,000 per square foot, it’s still a great deal for such an offering,” Malone said.

This will be the third ski-in ski-out development at Killington by the managing Ottauquechee Realty Advisors partners Steve Malone and Richard Saunders. The first two were Top Ridge and The Lodges within Sunrise Mountain Village, both developed along the Sun Dog trail.

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. 

For more info, visit: basecampatbearmt.com.