Aerial View — Home & Reflection Pond
Completely reimagined and meticulously renovated, this striking modern farmhouse sits on a quiet dead-end road just minutes from Okemo Mountain Resort and the vibrant village of Ludlow. The bold dark exterior with warm natural wood accents sets the tone for a home that seamlessly blends contemporary sophistication with Vermont mountain character.
Inside, the open-concept main level features a designer kitchen with center island, artisan tile backsplash, and stainless steel appliances flowing into a generous living area anchored by a modern electric fireplace with a stunning wood-slat accent wall. Upstairs, the primary suite is a true retreat, highlighted by a spa-inspired bathroom with freestanding soaking tub beneath a skylight, walk-in tile shower, and elegant dual vanity. Two additional bedrooms, a beautifully appointed full bath, and a stylish half bath complete the layout.
Set on 2.7 wooded acres with a detached garage and a generous wraparound deck, the grounds open to a beautifully landscaped reflection pond with a gentle aerating fountain, set in a clean white-stone border and accented by cheerful daylilies and soft landscape lighting. Backed by mature Vermont woodland with a distant mountain view, the pond becomes the calm centerpiece of an exceptionally private outdoor sanctuary — perfect for morning coffee on the deck or quiet evenings under the stars. Located minutes from Okemo Mountain Resort, Ludlow village dining and shopping, and year-round outdoor recreation, this property is ideal as a luxury second home or a high-performing short-term rental investment.
Okemo Mountain Resort is one of Vermont’s premier four-season destinations, offering 121 trails, 20 lifts, and year-round amenities. The historic village of Ludlow sits at the base of the mountain with award-winning restaurants, craft breweries, boutique shopping, and a vibrant arts scene.
Vermont’s mountain resort towns command some of the strongest short-term rental yields in the Northeast. Properties within minutes of Okemo benefit from peak ski season demand (December–March), shoulder-season foliage tourism, and growing summer activity from hiking, biking, and lake recreation.
This property is positioned to perform on day one as either a primary or secondary residence, or as a fully-furnished short-term rental. Every system, finish, and fixture has been replaced or refreshed in the 2025 renovation, eliminating the typical deferred maintenance and cap-ex surprises that plague comparable mountain inventory.
37 Wright Road can be purchased however you like — conventionally, in your own name, with your own lender, or all cash. Neither the entity structure nor the financing below is required. They are simply the most efficient way to handle the transaction if your objective is to shelter income with depreciation. If that is not your goal, buy it the ordinary way and skip this section entirely.
The property is held in a single-purpose LLC, so the transaction can be structured as a purchase of 100% of the membership interests rather than the real estate itself. For federal tax purposes, acquiring an entire LLC is treated as an acquisition of its underlying assets (Rev. Rul. 99-6) — so the buyer still receives a full cost-basis step-up to the purchase price and a fresh 2026 placed-in-service date.
Because the Sponsor made a §266 election and capitalized carrying costs, essentially the entire depreciable basis is intact and unused. A cost-segregation study reclassifies the majority of that basis into 5- and 15-year property — which, under the OBBBA’s permanent restoration of 100% bonus depreciation for assets placed in service after January 19, 2025, is deductible in full in Year One.
Operated as a short-term rental with material participation (average guest stay of seven days or less), the resulting loss is non-passive — meaning it can shelter ordinary income, not just rental income. For a high-income buyer, the first-year tax benefit can approach the entire equity contribution.
Financing is likewise optional. For buyers who want it, terms have already been sourced from EastRise Credit Union — 80% LTV, 6.5%, 25-year amortization, 5-year fixed. Buyers are equally free to bring their own lender or purchase all cash. Taken as an entity, the property also conveys as a turnkey operating business, with STR permitting, licensing, utility and insurance accounts and vendor relationships transferring with the LLC.
Illustrative and not tax or legal advice. The entity structure and the financing described are optional, not conditions of sale. Figures assume a $565,000 acquisition, a formal cost-segregation study, material participation as a short-term rental, and a top-bracket taxpayer with sufficient income to absorb the deduction; individual results vary and depreciation is subject to later recapture. Acquiring an entity also means acquiring its history and liabilities. Buyers should confirm entity diligence, depreciation treatment and Vermont transfer-tax treatment with their own tax and legal advisors.
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Contact Michael Gilman, Managing Broker, to arrange a private tour or request the full property package.
802.366.7072 · mike@sugarhousere.com
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