HRS_Purcell_Property Sale

HRS_Purcell_Property Sale

MWC
Submitted by Amanda Purcell Columbia-Greene Media on Thu, 08/23/2018 - 07:00 pm

25-acre Parcel Next to the Catamount Ski Area sold

HILLSDALE — A real estate firm is crediting the buzz of a possible expansion of recreation activity at the Catamount Ski Area on the New York-Massachusetts state line to the recent sale of 25 acres next door.

The parcel, which is located next to Catamount on Route 23, includes a century-old single-family farmhouse, an antique barn and an eight-unit motel-efficiency apartment building.

Andrew Gates, a Houlihan Lawrence agent based in the company’s Millbrook office, handled the sale of the property.

“It generated a lot of interest from people who thought there might be some kind of development play to be made with the Catamount Ski Area,” Gates said in a statement.

In the spring, Berkshire East Mountain Resort purchased nearly 400 acres in the Catamount area from the Gilbert and Edwards families.

The property next to the resort closed at a price of $645,000 after being listed for about six months for $695,000, according to Houlihan Lawrence. The sale was announced Aug. 6.

Silver Eagle Ranch LLC is the previous landowner, but recently the property was not being used enough to justify continued ownership, according to a statement from Houlihan and Lawrence.

“The buildings are all in very good shape,” Gates said in a statement.

Gates said Monday he did not know the intended use of the property. The new owners were not identified by the real estate company.

After about a month of searching, Catamount owners Tom Gilbert and Rich Edwards announced in May they had found a new owner to purchase the resort.

Catamount, which straddles the New York-Massachusetts state line near Hillsdale and South Egremont, Massachusetts, had been owned by Edwards and Gilbert families since 1953. The resort was founded in 1939.

Berkshire East Mountain Resort, the new owner, will help improve amenities and summer activities at the Hillsdale ski area. Catamount’s 36 trails and seven lifts provide access to the mountain, which has a 1,000-foot drop.

“We’re excited about the new ownership and their ambitious plans to expand services available at Catamount,” Town Supervisor Peter Cipokowski. “I know they have an interest in expanding zip lines so that will bring a lot more traffic into the community. And I also know they are professionals in winter sports and they are going to be focused on improving amenities for that.

It’s one of the latest developments in the town, Cipokowski said.

A local couple recently purchased the old building that once housed the Joshua H. Bulkeley Store and Hillsdale Mercantile Association. They want to create a micro-brewery and, possibly, apartments to bring new life to the historic structure, Cipokowski said.

Steven and Kathy Bluestone purchased the property at 32 Anthony St. in June for $225,000 with potential plans of starting an independent brewery.

“As far as Hillsdale is concerned, any economic growth at Catamount is going to provide economic opportunities for those in Hillsdale,” he said.

To reach reporter Amanda Purcell, call 518-828-1616 ext. 2500, or send an email to apurcell@thedailymail.net, or tweet to @amandajpurcell.