Mary Bourke and Michael Margolis weren’t even thinking of buying a ski house.
But when they heard about the sale of a new development of 1,350-square-foot, three-bedroom, two-bathroom A-frames going for $579,000 apiece, right on the edge of Saddleback Mountain in Rangeley, Maine, they put money down within a week, closing on the purchase in June.
Saddleback had reopened its ski operations in December 2020 after an almost five-year closure.
Since then, the new owner, Arctaris Impact Investors, LLC, has invested more than $30 million to revamp the base lodge, build a mid-mountain lodge, add chairlifts and improve snow-making.
It is now embarking on a variety of real-estate developments, including the A-frame village, and it plans to build a new hotel, says Jonathan Tower, the company’s co-founder and managing partner.