River View, Riverfront, in the River!

Commercial Real Estate Agent with Contour Investment Properties

Hoback mudslide 1Real estate in Jackson Hole tends to be expensive, but here's some bargain property! Last Friday, this parcel had a lovely view of the Snake River. By Sunday, it was riverfront property, and since then, it's been heading downstream...

What doesn't end up in the Snake is being hauled off by the Wyoming Department of Transportation. The heavy winter snowpack and wet spring caused this drainage to slide off the hillside, blocking Highway 89/26 between Hoback Junction and Alpine. The slide covers 300 feet of the highway, is 40 feet high, and extends over 2,000 feet from the top of the slide to the river. Highway engineers estimate it will take a week to clear it off the road, once the slide quits moving. At one point it was moving at a foot per minute, but as of today, it was down to a foot per hour.

So is it still real estate if it's moving?

Hoback mudslide 2

Posted by

Tim Bradley
Contour Investment Properties
172 Center Street, Suite 200
PO Box 1152
Jackson, WY 83001
(307) 733-6400

CCIM logoTim Bradley is an owner of Contour Investment Properties, the only brokerage firm in Jackson exclusively focused on commercial and investment property in Jackson Hole and Teton Valley. Tim has earned the MAI designation from the Appraisal Institute as well as the CCIM designation from the CCIM Institute.

Comments (9)

Malcolm Johnston
Century 21 Lanthorn Real Estate LTD., Trenton, Ontario - Trenton, ON
Trenton Real Estate

Good question indeed, and if the property goes from being river view to river front does this affect his neighbour's riparian rights?

May 21, 2011 09:34 AM
Dave Halpern
Dave Halpern Real Estate Agent, Inc., Louisville, KY (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert

I never thought of "real estate is moving" in such a literal sense.

May 27, 2011 01:45 PM
Jim Frimmer
HomeSmart Realty West - San Diego, CA
Realtor & CDPE, Mission Valley specialist

Hope no one was injured or lost memories in that slide, but I know how things like that can really inconvenience a lot of people.

May 27, 2011 03:56 PM
Tim Bradley
Contour Investment Properties - Jackson Hole, WY
Commercial Real Estate Expert in Jackson Hole, WY

Malcolm - I think the neighbor just got a new river access.

Dave - It's a very lively market!

Jim - Thanks for stopping by! This bit of land was actually in the National Forest, and the slide started very slowly, so no loss of individual property or injuries, thankfully. The slide is just down the road from my house. I had to go to Alpine today, which means a 20 mile drive turned into a 80 mile drive (one way) since the highway is still closed...Definitely an inconvenience!

May 27, 2011 04:05 PM
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

Oh dear, this does give the term new meaning.  Let's hope Arizona does not actually get it's ocean front property.

May 28, 2011 02:56 PM
Greg McCown
Century 21 1st American - Tucson, AZ

Many years ago I visited Hawaii and like any typical real estate agent I had to find out about real estate values.  While in Kona I picked up a real estate magazine and couldn't believe how low the prices were in this one area.  Land was $30,000 for an acre with an ocean view.  I quickly found out that lava flow was not far from here and the path of lava could change at any time creating a similar problem.

May 28, 2011 05:01 PM
Tim Bradley
Contour Investment Properties - Jackson Hole, WY
Commercial Real Estate Expert in Jackson Hole, WY

Jane - that would be especially bad for you!

Greg - we went to Hawaii a couple of years ago and visited the lava flows, which were very active. The lava had recently gone right through a subdivision...streets, houses, all gone.

May 29, 2011 10:38 AM
Lloyd Binen
Certified Realty Services - Saratoga, CA
Silicon Valley Realtor since 1976; 408-373-4411

Wow, luckily no improvements were built on or near that slide.  We have had similar occurrences, but not as large.

Jun 01, 2011 06:47 AM
Georgie Hunter R(S) 58089
Hawai'i Life Real Estate Brokers - Haiku, HI
Maui Real Estate sales and lifestyle info

What a nightmare for that property owner!  Wait till he gets the bill from the state!

Jun 03, 2011 02:33 PM