Mt. Waterman ski resort close to L.A. relisted for $3.3 million after deal falls through



As California braces for a historic “super” El Niño after years of drought, many die-hard skiers are trying to the mountains and hoping for snow.

Mammoth Lakes obtained three to six inches of snow in the previous three days and plans to open the Mammoth Mountain Ski Area on Nov. 13, according to spokesperson Mike Imes.

Nevada’s Mt. Rose ski resort, with the space’s highest base elevation at 8,260 toes, plans to open early, according to SFGate. It was supposed to open on Nov. 20, but now it will be the first resort in the California-Nevada area to open for the 2026-27 winter season.

Closer to house, the historic Mt. Waterman Ski Resort, recognized for its steep slopes and black diamond runs, was listed for sale on Wednesday for $3,275,000.

Make that relisted.

“The previous buyers had big dreams,” said itemizing agent Marc Ramirez of Pacific West Business Properties. But in the finish, too many obstacles got in the approach, including the authorities shutdown and the Pineapple Express storm in December 2025 that broken one of the ski lifts.

In 2024, an funding group called Angeles Mountain Partners LLC (“AMP”) announced in a press launch that it had acquired the historic property. The group deliberate to improve the resort by providing ‘country-club style’ memberships, including “helipad access” when the Angeles Crest Highway is closed during prime snowboarding situations.

Ramirez, born and raised in LaCañada and labored at the resort in the 90s, said the press launch was untimely.

“No one called to check if escrow had closed,” he said. “Because we’re on national forest land, they would need approval for a special use permit from the Forest Service. They didn’t get it. After the press release, the Forest Service called me and asked, ‘What is going on?’”

He added that the funding group also didn’t have the cash to make the enhancements they wished for their imaginative and prescient of a non-public membership with particular privileges. These included updating the warming hut and clubhouse and including a mountain bike park.

“I’m pretty confident we would not allow … any kind of exclusive use,” Justin Seastrand of the U.S. Forest Service informed The Times in 2024 regarding their plans for an unique ski resort.

Yesterday, however, Seastrand, who oversees public providers in the Angeles National Forest, informed SFGATE that the Forest Service is dedicated to the ski space. “Our 2023 permit was issued for 20 years and we are always standing by more than willing to work with potential buyers as well as current owners to efficiently process a sale and meet our requirements for a new permit,” he said in an e mail.

Now that the 20-year particular use allow to function an all-season resort is in place, Ramirez is optimistic about promoting the 390-acre resort, which is positioned an hour from the metropolis in the Angeles National Forest.

“We have the steepest skiing in Southern California,” Ramirez says, referring to the black diamond slopes. “We offer advanced skiing you can’t find unless you drive to Mammoth.” He says he’s obtained about 25 calls a day since the itemizing went reside and is in critical talks with two consumers.

Ramirez, who once taught snowboarding at the resort and held other jobs there, admits he feels emotionally connected to the property. “It’s important to find the right buyer because it’s a special place. You can ski and still be home for dinner,” he provides. “You can’t get that at Mammoth.”

The new itemizing, which is $1 million greater than when it first went on the market in 2024, highlights the new transferable 20-year allow to function, three absolutely insured and licensed chair lifts (Chair 1 was broken during the Pineapple Express storm in January) and two cabins.

The itemizing also mentions the helipad, but this time it’s for emergencies, not for unique nation membership entry.



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