ActiveResidential · sale

333 Leonard Ave

Mammoth Lakes, CA 93529

$9,998,000

  • 10 beds
  • 11 baths
  • 15,016 sq ft
  • 3 acres
  • Built 2006

Listed by Sotheby's International Realty · MLS #26867301

A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 2006.

Garage parking

8 garage spaces listed.

Property size

3 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

The fusion of Art and Architecture is evidenced in one of the most exclusive hand-hewn log homes ever built. Victory Lodge, a world-class estate in the Eastern Sierra, offers soaring interior spaces with sweeping lake views and mountain vistas dense with vibrant aspens. The designer-done 10 bd/11 ba lakeside masterpiece is located in the magical town of June Lake, a world-class trout-fishing and skiing destination in the visually stunning Mammoth Lakes area of Northern California. This magnificent log residence features exquisite public rooms, including a breathtaking Great Room with towering ceilings, walls of floor-to-ceiling windows, hand-carved beams, a wine bar, and a massive antler chandelier. The kitchen is designed to accommodate even the most experienced chefs, offering top-grade appliances with custom detailing, a breakfast bar, a kitchen dining area, and an adjoining Butler's kitchen. The massive formal dining room opens onto wraparound decks that integrate the indoor/outdoor lifestyle of this trendy resort area. Rare and original artistry can be found in every room of the 15,000+ sq ft home, including intricate wood carving and hand-applied chinking, master-cut fireplaces with bespoke copper accents, a massive curved double staircase with elaborate ironwork, and 11 luxury bathrooms. The lodge, dubbed by a magazine as "The Crown Jewel of the Eastern Sierra," is accessible and equipped with an Elevator. Sauna and Steam rooms and a well-equipped Gym are ideal for warming up before a day on the highly rated June Lake ski runs, while multiple Game rooms, a film Screening Room, and a large Corporate Events Room with a hosting bar, cozy conversation areas, and a custom fireplace allow for late-day relaxation. The exterior boasts multiple-level decks with outdoor Fireplaces, and barbecue areas that capture the breathtaking views of Gull Lake, Carson Peak, and June Lake Ski Resort. A Caretaker's quarters, state-of-the-art security, heated parking bays with additional multi-car parking, and a lakeside Sports Court are among the many amenities of this exquisite estate. Designed for casual living, Victory Lodge is just 52 mi from Yosemite National Park and 1/2 mi from the famous June Lake Loop in the heart of "The Switzerland of California," a mountain recreation destination with some of the best sandy beaches in the Eastern Sierra. INVESTORS: This impressive estate would also be an ideal corporate retreat, wedding & events venue, spa/wellness center, ski lodge, art gallery, etc, making it a great investment/income opportunity. (Buyer to check for Zoning, permitting, and required commercial safety upgrades.) Turn-key and FURNISHED for move-in! We are proud to present Victory Lodge, an incomparable generational Trophy Property!

THE NEIGHBORHOOD

Explore the location.

333 Leonard Ave, Mammoth Lakes, CA 93529

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
2006
Full baths
8
Half baths
3
Garage spaces
8
Cooling
CentralAir
Heating
ForcedAir,Propane
Appliances
Barbecue,Dishwasher,Disposal,Microwave,Refrigerator,Dryer,Washer
Flooring
Carpet,Stone,Wood
Pool
No
Pool features
None
Spa
Yes
Parcel
015010080000
HOA fee
$0.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$41,658.33
Cap rate

Annual operating income:

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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333 Leonard Ave, Mammoth Lakes, CA 93529 · MLS #26867301

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Listing information

MLS #26867301 · California Regional MLS

Listing brokerage: Sotheby's International Realty
Listing agent: Gwen Banta

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.