FOR IMMEDIATE RELEASE
Winter 2006-07		 Contact:
Tracy Owen Chapman
Weidinger Public Relations
775.588.2412
SECOND HOMES AT KIRKWOOD - WHERE A HOME IN THE MOUNTAINS IS A HOME ON THE MOUNTAIN
Three New Ski-In/Ski-Out Communities Near Lake Tahoe Assure Authentic Ski Resort Lifestyle

(Kirkwood Mountain Resort, Kirkwood, Calif.) Where can second homeowners in Northern California go for a real getaway to a private, secluded mountain retreat - one with deep snow, reputed slopes and few people? No need to jump on a plane, as the only required “flight” now is an escape via a scenic drive along Highway 88 to Kirkwood Mountain Resort near Lake Tahoe.

With Kirkwood’s combination of ski-in/ski-out mountain home options, the addition of new restaurants, facilities and an active schedule of après ski options, it’s the choice among those who want a real getaway via car. The resort continues to add new lodges, restaurants, tube hills, swimming pools, fitness centers and Jacuzzis to provide families an encompassing Tahoe mountain lifestyle all within a few hours drive.

“If you ask new homeowners who’ve bought property in the past several years, they’ll say Kirkwood is like going to Montana or Idaho, but you don’t need a private jet to get there,” said Tim Cohee, president of Kirkwood Mountain Realty.

The Palisades, Expedition Lodge and Timber Ridge are unique second home choices for on-mountain ski-in/ski-out communities. The Palisades offers exclusive on-mountain legacy home sites at 8,000-feet. Only 21 home sites remain and they will be released in phases beginning in January. For moving in this winter, a whole ownership residence is available at Timber Ridge, featuring the largest, slope-side town homes at any resort. For a Private Residence Club (PRC) experience the first real slope-side property at Lake Tahoe Expedition Lodge is available with one-eighth interest in seven units in Phase I, with a planned completion in December 2008 for a total of 22 units.

In addition to having one of the nation’s premier winter resorts literally steps from their front door, second home owners at each property will have access to an array of summer activities in the Kirkwood valley. Along with mountain biking, climbing wall, ropes course, hiking, fishing, horseback riding, there’s the year-round attraction of nearby South Lake Tahoe with lake activities, fine dining and headliner entertainment.

The Palisades is in line to become the Tahoe region’s most exclusive address. Nestled between two high-speed quad chairlifts the new Timber Creek Express and the Cornice Express it provides a unique combination of privacy, seclusion and all-season accessibility for families to embark on a whole new life together in their custom-built legacy home.

Along with back-yard access to the entire mountain, the 49 home sites offer soaring mountain views. The Palisades home sites feature one-third to one-half acre parcels, just a glide away from major amenities. These private home sites range from $695,000 to just under $1.2 million, ensuring the highest standards for architectural and landscaping guidelines.

With the final release set to begin in January 2007, expectations are for the majority of the 21 remaining sites to be reserved quickly, especially in light of interest from current owners. One sure way to secure a priority position with existing owners for the coveted sites in Phase VI is to purchase in Phase V where just four lots remain.

The Palisades combines luxury and desired amenities with the core values of the sport and the Kirkwood mountain lifestyle. That appeal resonates with the hearty winter enthusiast in search of an authentic ski resort and assures homeowners of a lifestyle true to the original vision.

Expedition Lodge, the first on-mountain slope-side Private Residence Club in the High Sierra, is accepting reservations in Phase I for 32, one-eighth interests in four residences. Phase I will be breaking ground in Spring 2007 with completion in December 2008. These large, luxurious residences will range from 2,260 to 2,680 square-feet, with three-bedrooms from the high $300,000s and four-bedrooms in the mid-$400,000s.

PRCs represent the fastest growing segment of the fractional real estate ownership category, jumping from $200 million to nearly $2 billion in sales in only six years. Popularity is attributed to highly desirable features including flexible and generous use plans, five-star accommodations, extensive amenities, un-compromised hospitality, owner activities and the ability to exchange into other five-star properties around the world.

Survey results indicate that PRCs have the highest satisfaction rate of all real estate. Ninety-four percent of all PRC owners in the country rate their ownership experience very high and would buy again, plus they’d recommend it to friends and family.

Amenities and services at Kirkwood’s Expedition Lodge will include a health club, outdoor spa, private owners lounge, game room, wine bar, underground parking, daily ski valet, boot room, grocery service, owner wine storage, reservation services for dinner, ski school and childcare and the headquarters for Expedition Kirkwood.

“Our initial round of interviews exceeded our most optimistic expectations,” said Chris Tivey, chief operating officer of Star Resort Group, the nation’s leading fractional real estate marketing and sales firm. “When the concept of Private Residence Clubs was introduced here, the pent-up demand was immediately obvious.”

The completed Timber Ridge ski-in/ski-out town homes are the answer for people immediately looking to take advantage of a second home option.

Prices for the seven units included in Phase I start at $1.1 million. Prices will increase for the remaining 21 Timber Ridge town homes, set to be released in phases over the next several months.

The high-end, rustic infused, timber and stone designed three-bedroom, three and one-half bath town homes are the largest such residences in the Lake Tahoe region ranging from 1,939 to 2,205 square-feet. Features include walk-in closets, Berber carpet, stainless steel appliances, a stone fireplace with raised hearth and log mantle, dramatic vaulted ceilings with room-sized dormer windows and loft retreat.

The spacious master bedroom suites have built-in closets and master bathrooms accented with marble vanity tops, marble tile flooring and Kohler bath fixtures and jetted whirlpool tubs. The open kitchen has hardwood maple or knotty pine kitchen floors, craftsman-style kitchen cabinetry, a built-in pantry, slab granite countertops with a stainless steel double sink and an island with sink. It boasts GE Profile stainless steel appliances including a 23.5 cubic foot side-by-side refrigerator, five-cycle dishwasher, washer, dryer and self-cleaning convection wall oven with microwave. With an adjoining six-person bar and open configuration to the living room, families and friends can spend time together in a warm environment. All town homes are pre-wired with CAT-5 for high bandwidth DSL Internet access.

Each home has slate entry foyers, natural pine windows and baseboard trim and nickel-finished Price Pfister plumbing fixtures. Each have east-facing views toward the Red Cliffs area of the Kirkwood Mountain and are fully landscaped. Heated driveways and sidewalks make for convenient village access.

For more information on real estate options at Kirkwood, call 888-KWD-PROP (593-7767) and visit www.livekirkwood.com.

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Kirkwood Mountain Resort is a secluded year-round alpine resort community located 35 minutes from South Lake Tahoe and only 177 miles from San Francisco via scenic Highway 88. Located at a base elevation of 7,800 feet, it offers unparalleled mountain recreation with skiing, cross-country skiing, snowshoeing, hiking, mountain biking and horseback riding in addition to Villages with ice-skating, boutique shopping and restaurants. Kirkwood Mountain Resort is a private retreat, never crowded and receives more snow than any other Tahoe resort. Consistently recognized by national media outlets for its quality snow and terrain variety, this storied resort offers an unmatched experience with a USA Today nationally recognized beginner area. Skiing Magazine readers recognized Kirkwood as one of the top resorts in the nation (November 2006). Ranked Overall as the 12th Resort in the Country, Kirkwood leads Lake Tahoe’s South Shore resorts with a top position. Live on the mountain and ski to your doorstep this winter at Timber Ridge or build your second home at The Palisades, Kirkwood’s most pristine on-mountain residence. Expedition Lodge is the area’s first on-mountain private residence club groundbreaking Spring 2007. Visit www.livekirkwood.com or call Kirkwood Mountain Realty (888) 593-7767 for more information. For Kirkwood’s online pressroom, please visit www.kirkwood.com or call 209-258-6000 for information.


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