MAMMOTH LAKES, CA-Intrawest Corp. this week sold out the final release of homes in Grand Sierra Lodge, the third phase of The Village at Mammoth. Fifty-two one-, two-, and three-bedroom resort condominiums were sold at the four-hour sales event at prices ranging from $380,000 to more than $1.3 million.The Village at Mammoth is the mixed-use core of Project Sierra, a 10-year, billion-dollar mountain resort development that so far includes 634 of 2,300 planned housing units, an 18-hole golf course and a pedestrian-only retail center on 250 acres at the base of the Mammoth Mountain.

The just-sold-out third phase of The Village at Mammoth is the second half of Grand Sierra Lodge, which Intrawest describes as “a combination of full-ownership vacation real estate with the features and amenities of a luxury resort” where owners can place their property into an established rental arrangement. Vertical construction of the second half of Grand Sierra Lodge is expected to begin in the spring of 2004, with completion slated for mid-2005.

The first half of Grand Sierra Lodge, which included 66 condominium units, has been 95% pre sold at an average sale price of more than $633 per sf. The first phase of The Village at Mammoth–the 77-unit Lincoln House and the 89-unit White Mountain Lodge–are complete and also 95% sold.