Owning a condo in Mammoth Lakes is usually the most affordable, sensible, and feasible option for buyers. The Mammoth Lakes condo inventory makes up the majority of residential property in Mammoth Lakes. There are over 150 condo-complexes throughout Mammoth, ranging in price from around $250,000 for a studio, up to $1.4M+ for a luxury 4+ bedroom. Purchasing a condo in Mammoth is an attractive choice for many buyers; the property will be taken care of, either by way of the HOA* or through a rental management company. The nightly rental potential of properties has become a major focus is recent years with the prevalence of Air BnB/VRBO. Most condo complexes in Mammoth are located in areas that are zoned for nightly rentals, whereas most single family homes are not. For this reason, many buyers will opt for a condo-purchase over a single family home.
The inventory of condos for-sale in Mammoth is forever fluctuating but always offering very wide varieties of styles, floorplans, and locations throughout town. This provides many options when shopping around and allows for a buyer to really hone in on their wants and desires. Some things to consider: Do you want to live by the Village at Mammoth? Is lift access important? Would you like mountain-views, or golfcourse frontage? Do you prefer the peaceful meadow, and Snowcreek area, or the convenience of ski-in, ski-out? Is a one-bedroom sufficient, or does your family need a large expansive four bedroom condo? There are many, many options!
*Home Owners Association – is an organization in a condo complex that makes and enforces rules for the properties and their residents. People who purchase a condo automatically become members and are required to pay dues, known as HOA fees. Many HOA fees in Mammoth range from $500-$800/month which may seem rather high to many buyers. However, Mammoth is not your typical temperate California town! The natural elements, strong sun, and high altitude are very rough on the structural integrity of buildings, and annual snow removal can be in the quarter-thousands!