Soldier Mountain Sold

Oregon couple purchases Idaho ski area for $149,000

Bargain hunters of the year, Matt McFerran and his wife, Diane, are the new owners of Idaho’s Soldier Mountain ski area, which went on the market in early October for $149,000. Prospective buyers flooded the Facebook page, with 2,100 people requesting info packets on the resort, before the previous owners ultimately selected the McFerran’s as the best match.

According to Boise State Public Radio, Matt has worked in the ski industry for years and called the chance to own his own resort a dream come true. The couple lives in Bend, Oregon, but plans to move to Idaho soon. He said his first priority is to get snowmaking in place to open the mountain this year.

The McFerrans now own the area’s three lifts and 36 ski runs, as well as the lodge and all the equipment, but they don’t own the actual land the resort sits on. Soldier Mountain operates on a special use permit from the U.S. Forest Service.

Soldier Mountain’s biggest claim to fame comes from its previous owner: movie star Bruce Willis. He bought it in the late ’90s and donated it back as a 501(c)3 in 2012.
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This update was published October 19 on Powder.com.

Seated on the southern fringe of the Sawtooth National Forest, Soldier Mountain has 1,150 skiable acres. PHOTO: Courtesy of Soldier Mountain
Seated on the southern fringe of the Sawtooth National Forest, Soldier Mountain has 1,150 skiable acres. PHOTO: Courtesy of Soldier Mountain

After announcing the sale of Soldier Mountain Ski Area for $149,000 on October 15, the area’s operating non-profit Soldier Mountain Ski Area, Inc. received more than 2,000 emails from interested parties within 72 hours. Because of the overwhelming response, the organization announced via Facebook they are no longer accepting inquires about the property.

Because the asking price is not meant to create a profit, only to pay off the amount owed to the bank, a bidding war will not ensue. Board members will be reviewing possible buyers before awarding the purchase to the owner best fit for Soldier Mountain. The non-profit said they hope to decide on a buyer by early November.
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The original story was published October 15 on Powder.com.

Idaho's Soldier Mountain is running a special; $129/acre when by 1,150. PHOTO: Solider Mountain Ski Area
Idaho’s Soldier Mountain is running a special; $129/acre when by 1,150. PHOTO: Solider Mountain Ski Area

Come on down, you’re the next contestant on The Price is Right: Ski Resort Edition! Yet another slice of a skier’s paradise is on the market for a price so low it might shock you in to refinancing your home this week. Soldier Mountain Ski Area, situated 53 miles southwest of Sun Valley Resort, announced their current financial status does not allow for the ski area to open this year via Facebook on Wednesday.

“After much deliberation we have decided to sell. Help us to find a buyer that can open up this ski season,” the statement read.

The non-profit ski area is on the market for $149,000, the amount owed to the bank for the past three years of improvements and operations. After purchasing the ski hill in the late 90s, “Die Hard” star Bruce Willis donated the mountain to the recently formed 501[c]3 Soldier Mountain Ski Area, Inc in 2012.

Seated on the southern fringe of the Sawtooth National Forest, the area’s three lifts provide access to 36 in-bounds trails with a 1,400 vertical drop over 1,150 skiable acres. Soldier Mountain also operates the only cat skiing operation in South-Central Idaho. Happy trails, Hans! It’s a good day to buy hard.

Other ski spots up for grabs: Oregon’s Spout Springs Ski Area ($1.25 million); Montana’s Marshall Mountain ($3 million); Utah’s Wasatch Peaks property ($46 million).