Tamarack Resort announced the weekend sellout of the first condominium residences offered in the Lodge at Osprey Meadows Lake Wing.

In four hours, Tamarack completed its eighth sell-out since 2004 when buyers snatched up the original 12 Lake Wing residences available, plus an additional five released due to demand.

Tamarack Resort; the Lodge at Osprey Meadows

The 17 residences sold at the release raised $16.5 million for the development of the ski, golf and lake resort.

The residences sold ranged in size from studios to penthouses and in price from $495,000 to $3.1 million.

Including this most recent release, Tamarack has sold 673 properties generating $515.8 million.

"In a slower real estate market, this sale truly speaks to the unique investment and lifestyle opportunity here at Tamarack," resort CEO Jean-Pierre Boespflug said.

"We sold more than we had anticipated in our first release of property in the Lodge at Osprey Meadows Lake Wing," Boespflug said.

The Lake Wing is at the entrance to the Osprey Meadows Golf Course and is framed by the
Lodge at Osprey Meadows Main Wing and the under-construction Village Plaza.

In addition to the amenities of the nearby Lodge at Osprey Meadows Main Wing, Lake Wing residents also will have their own indoor/outdoor yoga studio, game room, resident lounge, and heated, underground residential and golf-cart parking.

The Lake Wing is being built to comply with the LEED Green Building Rating System, the nationally accepted benchmark for the design, construction and operation of high performance "green" buildings.

Currently under construction, the Lake Wing is scheduled to open in early 2009.