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The Mammoth Lakes real estate market has gone through ups and downs over the past few decades. In 1980, an earthquake with magnitude of 6.1 on the Richter scale sent area property values plummeting on fears of a potential volcanic eruption similar to the 1980 eruption of Mount St. Helens .
The only incorporated town in the county is Mammoth Lakes, [10] which is located at the foot of Mammoth Mountain. [11] Other locations, such as June Lake, are also famous as skiing and fishing resorts. Located in the middle of the county is Mono Lake, a vital habitat for millions of migratory
On February 23, 2005, Dave McCoy announced the pending sale of his stake in Mammoth Mountain, after 68 years of running the ski area. On October 5, 2005, Mammoth announced that a majority stake will be sold to Starwood Capital Group, a private equity fund specializing in real estate, run by Barry Sternlicht. The sale price was $365 million. [8]
There could be 2 to 5 feet of snowfall in the towns around Lake Tahoe. In Mono County, where Mammoth Mountain is located, there could be 3 to 6 feet of snow along the Sierra crest and 1 to 3 feet ...
The lake also features two marinas with motorboat and kayak rental. [3] The lake is accessible from the town of Mammoth Lakes via Lake Mary Road and is surrounded by the scenic Around Lake Mary Road. [4] The unincorporated community of Lake Mary, California, is situated on the southeast shore of the lake. [5]
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