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Teton Village was once just known as the home of the famed Jackson Hole Mountain Resort. That alone was enough to attract millions of visitors a year for snow, sun and some fun. But the county officials and local real estate folks wanted to keep some of the visitors around for the long haul. And to that effect, they came up with a plan to do just that.

It began at the end of the 1990s, when many condominium "hotels" sprung up in and around Teton Village. The purpose of these was to lock visitors into full and fractional ownership of these condos. Some of these condo developments include the Cody House Condominium, which was finished in 1999. Then came the "ski-in, ski-out" condos, right off the resort, which gave vacationers unprecedented access to the Jackson Hole Mountain Resort. One such condo complex is the Teton Club Resort.

With such high-class vacationing such as Teton Village and Jackson Hole, it wouldn't be long before Teton Village has an influx of luxury condo properties available. The Jackson Hole Four Seasons Condominium Hotel started the trend, presenting the ultimate in investment in a second-home or vacation-home property.

As for single home and family homes, Teton Village is not short on them either. Remember, this is one hot market. Teton Village is a mere few mile drive from downtown Jackson, and is in the heart of Wyoming ski country. The three main subdivisions in and around Teton Village are the Jackson Hole Ski Corporation Filings to the south west of the Village base area. Then there are the old Village homes. And, go figure, there is also the new Village area.

The Jackson Hole Ski Corporation homes are of the ski-in, ski-out variety. One lot of land alone can run a person nearly $1 million, whereas already built homes can go for more than double that. Much of that comes from the fact that these homes have been remodeled, or added to, and they all are very close to some of the best hiking and outdoor activity spots in the Hole.

If you're expecting more of a bargain, you may not want to look at the old Village, which was once originally just "the village". We're talking pristine forests surrounding these properties, and a fair share of quiet and privacy. Some of these homes, closer to the village, can go for $4.5 million.

The New Village includes the Granite Ridge Town homes subdivision and Moose Creek condominiums, all of which include luxury amenities and their own chairlift to the mountain top. You also have significant tourist build up in this area, with the Teton Mountain Lodge and the Four Seasons Resort Hotel nearby.

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