In 1998, the first significant new platting of resort real estate in recent history occurred when 80 acres of land north and east of the base of the ski area was subdivided. The development home in this location marked the first time that residential units were developed away from the original center of residential development near the southern perimeter of Teton Village. This deviation caused the descriptive term of “new village” to be coined for the Granite Ridge area. Townhomes in Granite Ridge range from 2-bedroom “cabin” units to “lodge” units that may exceed 5,000 square feet and transfer for over $3,000,000. Vacant lots in granite ridge typically approximate 1-acre in size and have been developed with homes that exceeded 8,000 square feet in size. Large slope side homes in this location have sold in excess of $10,000,000.Private rope tows in Granite ridge allow for the properties that are not directly contiguous with the ski slope to be ski-in / ski out.