Saddleback reaches ‘historic deal’ for ski resort’s future

The Saddleback ski area outside Rangeley is expected to finally be sold, after not operating for the past two winters, and even members of the local group that says it lost out on its bid to buy Maine’s third-largest ski resort is welcoming the development.

The buyer will be introduced at a news conference being held Wednesday at the ski area by its owners, Bill and Irene Berry, who called the prospective sale a “historic deal.”

Skiers ride the South Branch chairlift at Saddleback in December 2012. The ski area's need for a new chairlift to the summit was originally cited as the reason for its shutdown in 2015.Skiers ride the South Branch chairlift at Saddleback in December 2012. The ski area's need for a new chairlift to the summit was originally cited as the reason for its shutdown in 2015.

... read more at: http://www.pressherald.com/2017/06/27/saddleback-reaches-historic-deal-for-resorts-future/

Fast Track to Skyrocketing Real Estate Prices: The New Public-Transit Effect

New York City homeowner Tina Larsson watched for nearly a decade as a new subway station was built right across the street from her brick midcentury co-op on Manhattan’s Upper East Side. The excavation blasts shook her walls and sent dust spewing into the air; the noise and disruption choked off business to once-busy restaurants and shops.

It was, in short, a terrible mess.

Then in January, the heavy construction machinery suddenly disappeared, the sidewalk scaffolding was taken down, and the endless clutter seemed to vanish overnight. After nearly a century of starts and stops, the $4.5 billion Second Avenue subway—one of the nation’s most notoriously delayed large-scale transit projects—was finally open for business. It was sleek, modern, and even festooned with original Chuck Close portraits. Now, Larsson, 51, and many of her longtime neighbors, are finally ready to reap the real estate rewards.

Prices in Larsson’s building have shot up about 60% over the last three years—a bonus for existing

... read more at: http://www.realtor.com/news/trends/public-transit-effect-real-estate/

For sale: 6 breathtaking summer beach houses

Scarborough, Maine. Set on the dunes of Pine Point Beach, this five-bedroom home overlooks the Atlantic Ocean. The three-story house has an open floor plan, seven bathrooms, a gourmet kitchen with a large sitting area, and a master suite with an office area and a private deck.

The 0.6-acre property is part of a gated community 20 minutes from Portland. $2,295,000. David Banks, RE/MAX, (207) 831-8033.

Lakeside, Michigan. Lying along Lake Michigan, this property offers access to 570 feet of water frontage. The single-story, three-bedroom contemporary home has walls of windows, three fireplaces, high ceilings, and a sunroom.

The 2-acre wooded lot sits within a private enclave with

... read more at: http://theweek.com/articles/707455/sale-6-breathtaking-summer-beach-houses