On Course in Central Wyoming

Golf-front living at the Powder Horn

Published in the January 2015 Issue Published online: Jan 17, 2015 Courses, Stories Jessica Elliot

What could possibly be better than embarking on a golf tour through the heart of central Wyoming?

Answer: Living there.

In the case of the 27-hole Powder Horn golf community, that means some of the finest on-course residential opportunities in the West.

The geographic scope of the property is impressive—900 unspoiled acres with a mile of Little Goose Creek meandering through the community. The Powder Horn includes a championship 27 hole golf course, a spectacular 30,000 sq. ft. clubhouse, a pool house, two new tennis courts, nature trails and trout-stocked ponds.

It is the epitome of a master planned community.

And you don’t have to just take our word for it. Powder Horn was recently named a "Best Development in the High Country" by Mountain Living Magazine and Travel + Leisure Golf  included The Powder Horn on its list of "America's Top 100 Golf Communities".  The Powder Horn was also listed by Links Magazine as a Premiere Property.
The Powder Horn's status as a designated National Audubon Cooperative Sanctuary ensures a peaceful environment.
Homer A. Scott, Jr., developer of The Powder Horn, has lived in the Sheridan, Wyo., and the northern Rockies for most of his life. He spent 15 years working for the Peter Kiewit Company following graduation from college and is now engaged in the banking and hospitality business in Wyoming and Montana. 

The Powder Horn is Scott's realization of a long-time desire to develop a premiere residential golf community located near the beautiful Big Horn Mountains. In the fall of 1993, Scott and his wife, Janet, were introduced to The Powder Horn and it was love at first sight. Seeing and experiencing the meandering tranquility of Little Goose Creek, along with the hills and high ground that afford such great views of the Big Horn Mountains, the dream began to take on a sense of reality. On Oct. 1, 1995, the first home site was sold at The Powder Horn, and in June of 1997, The Powder Horn Golf Course opened for play. Two generations of the Scott family are now involved in the management and operations of The Powder Horn Golf Community.
According to the property’s website at thepowderhorn.com, real estate opportunities include Club Cottages, Deck Homes, Patio Homes, homesites, and custom homes. The Powder Horn’s Design Review Committee reviews all residential development, and the Home Owners Association oversees residential covenants and standards.

 

WHY LIVE THERE?

Beyond the development itself, what else might entice you to stay and play in Sheridan for…ever? Consider the warm and vibrant spirit of the Greater Sheridan community. This has to be one of the coolest little towns in the country. Seriously.

By all accounts, Sheridan is a living, thriving example of “Old West meets New West.” As the local CVB puts it, it is “a pocket of world-class culture wrapped up in hometown hospitality and authentic real West charm.”

The city provides history with a unique view—from its authentic Main Street lined with historic buildings to the Landmark Historic Sheridan Inn where Buffalo Bill once auditioned acts, to the magnificent backdrop of the Big Horn Mountains. The Historic Main Street District offers Old West appeal in a modern setting for a charming window on the past and future. It is picture perfect, with specialty shopping from antiques to cowboy memorabilia to intriguing boutiques and galleries.

Home to over 30 buildings on the National Register of Historic Places, the downtown comes alive with its unique specialty shops, and delightful historic trolley or walking tours. You’ll find a plethora of mansions and museums to explore here, or you can just kick up your feet and relax in Kendrick Park where the buffalo and elk roam. A great way to end a day on the course is to freshen up, take a short nap and head out to enjoy evening entertainment with live performances at the WYO Theater, or you can make a stop at the legendary Mint Bar. (Lodging and dining options call to individuals and groups of any size.)

Whether the golf or the culture brings you here, chances are good you will find recreational riches that will bring you back in the years to come. You can have it all, finding unlimited, easy-to-access recreation in the still pristine Big Horn Mountains. Hike, bike, camp, boat, rock climb or photograph the wildlife and scenery, or catch a hunting season in these golden hills. Encounter tranquil, secluded streams and some of the finest fishing around in the Bighorn National Forest's 180,000 acres of wilderness.

From the links to the trails to the heart of Sheridan’s historic downtown, everything you could ever want in a mountain golf adventure is right here at your fingertips.

Again, the golf is just the beginning.

Powder Horn Real Estate Sales: 307-674-9545 or 800-329-0598

Clubhouse & tee times: 307-673-4800

NO TAXES

Wyoming has no state income tax, no state inheritance taxes, and a very favorable business tax climate.

Investing in a Golf Home

A primer for potential buyers

In Sheridan or elsewhere, have you ever considered the pros and cons of living on a golf course? If you are addicted to the game, then you may just want to do that. But here's a word of caution: look before you leap and consult with an experienced real estate agent who knows the area. Exercise some restraint like you would when playing the game for there is more to investing in a golf course as real estate than you can see on the outside.

The chatter of golfers, noise over the weekends, and constant hits by golf balls which may land on your property is something you have to either get used to or learn to tune out. But these things come with the package. The upside is that you will enjoy a beautiful golf course view anytime you want from your back porch.

You may want to secure your property with some nets but that may not be easy given many golf courses have Homeowners Associations which exclude nets from backyards. Always ask your real estate agent for a copy of the rules before committing to buy any property, especially those that share a common view. There could be rules that you are not willing to adhere to or rules that are too relaxed for your requirements.

What is the cost of the house on the golf course you desire to buy? What is the cost of a round of golf at this same place? A ratio of these two factors may give you some idea of property prices here and whether or not buying is a good idea for you. Don't assume that having a house on a golf course entitles you to call the golf course your backyard's natural extension; this may not be the case. Property prices along a golf course are also known to differ with location. For example, homes located on the greens are the highest priced, while those on the fairways are generally less expensive.

Another point of concern is the layout of the property. Given many new constructions taking place on the greens, prospective buyers should compulsorily look at the built up plan. It may be easy to assume that prices of homes on the golf course will go up as real estate becomes more expensive. But that may not always be true. In case of over development on the course, real estate prices may stabilize or decrease.

Before You Buy

Mortgage Rate FYI for Wyoming Home Ownership

Maybe you’re buying your first on-course home in Wyoming, or perhaps you’re relocating to Wyoming from another state. Either way, it’s important that you educate yourself on Wyoming home loans before shopping for a home and mortgage. Here’s what you’ll need to know before buying a home in Wyoming:

The median price of a home in Wyoming is $96,600. However, home prices can vary widely between Wyoming zip codes. For example, in Cheyenne, median home prices are about $225,000. Home appreciation rates in Wyoming are slightly below the national average; however, land value per acre in Wyoming is the lowest in the nation.

Wyoming is among the top 10 states in the nation for job growth rates. Average interest rates in Wyoming are above the national average. The state of Wyoming does not regulate home radon levels. This means that home buyers must test for radon levels in the home they are purchasing and decide for themselves how much radon is acceptable in their home.

Wyoming law states that mortgage lenders must clearly disclose the terms and conditions of the loan to the borrower within three working days of granting the loan. Lenders cannot ask a borrower to pay any fee other than a loan cancellation fee before loan closing. Additionally, Wyoming law states that lender fees should be reasonable, customary, and should not affect a borrower’s interest.