Mt. Waterman ski resort, located in the Angeles National Forest about an hour from Los Angeles, has been relisted for sale at $3.3 million, according to the listing agent. The historic resort, known for its steep black diamond runs and advanced skiing terrain, was first put on the market in 2024 but did not sell due to a range of challenges including damage from a 2025 storm and complications linked to a government shutdown.
The property spans approximately 390 acres and holds a 20-year special use permit from the U.S. Forest Service that allows operation as an all-season resort. The permit, which was renewed in 2023, covers the use of three chairlifts—although one lift was destroyed by a landslide during the December Pineapple Express storm—and two cabins on site.
Previously, an investment group called Angeles Mountain Partners LLC (AMP) announced plans to acquire the resort and transform it into a membership-based private club with amenities such as helipad access during times when the Angeles Crest Highway is closed. AMP’s vision included upgrades to the club facilities and the addition of a mountain bike park in an effort to develop Mt. Waterman into an all-season destination.
However, the group ultimately withdrew from the purchase, citing undisclosed issues with the resort’s infrastructure and assets. These included damage to one of the chairlifts, the death of one of AMP’s principals, and concerns over outdated diesel power systems that did not meet current environmental and safety certifications. AMP indicated that their due diligence revealed maintenance and operational records that fell short of their standards. The group also noted that price negotiations with the sellers did not reflect the true condition of the property.
The resort’s location on national forest land requires a special use permit, which must be approved by the Forest Service. Justin Seastrand, who oversees public services for the Angeles National Forest, affirmed that the agency remains supportive of the ski area and is prepared to work with potential buyers. He emphasized that exclusive or private use restrictions would not be permitted under the special use guidelines.
Marc Ramirez, the listing agent who grew up near the resort and worked there in various roles since the 1990s, expressed optimism about the relisting. Ramirez highlighted the resort’s unique offering of challenging slopes near the metropolitan area, contrasting it with larger resorts farther away such as Mammoth Mountain. Since the recent relisting, Ramirez reported receiving about 25 inquiries daily and said he is in serious discussions with two prospective buyers.
With California facing the prospect of a significant El Niño weather pattern after years of drought, enthusiasm for winter recreation may rise, potentially benefiting ski areas across the region. Mammoth Mountain is scheduled to open its season on Nov. 13, while Nevada’s Mt. Rose ski resort is aiming for an early start ahead of its original Nov. 20 opening date.
For now, Mount Waterman’s future remains uncertain as the search for a buyer continues, with a focus on preserving the resort’s historic character and ensuring its continued operation within the Forest Service’s regulatory framework.