Steamboat Ski-in, Ski-out Luxury Developments
November 25, 2009
Steamboat ski-in, ski-out real estate has traditionally been an excellent investment because the supply is so limited. You’ll find developments marketed as ski-in ski-out, but there are only a handful of true ski in, ski out places in Steamboat.
Here is a summary of the different types of ski-in, ski-out property (starting at the high end):
Steamboat has two new luxury developments that will open within the next month or two. One Steamboat Place and Edgemont are currently selling in the $1200/sq ft range. Both developments are pretty firm on price, although in this market you might be able to negotiate extras like HOA dues and furniture. These are spare-no-expense, gorgeous condos with excellent amenities. They are perfect for buyers who want the top of the line experience and plan on using their second home to enhance their lifestyle.
Next are developments like Antlers, Christie Club, and Chateaux Chamonix. These are luxury, highly rated developments built about 10 years ago. They sell between $600-$1000/sq. ft. There are some excellent buys in this range with highly motivated sellers. For example, I have a 2 br. Christie Club for sale at $895,000 owned by a very motivated seller. Rental income is excellent. (Click here for details.)
Other developments are Torian Plum and Torian Creekside and Dulany, which were built in the 1980s. Many have been renovated. They are listed in the $400-$600/sq ft range with some excellent values.
This year is still a soft rental market although it is much better than last year. If you purchase ski in, ski out real estate in Steamboat now at a great price, you’ll reap the rewards once the market turns around in both appreciation gains and higher rental income.
I look forward to showing you around Steamboat to see if our resort market is the best fit for your portfolio.
Please contact us at your convenience.
Luxury Home Sales in October 2009
November 5, 2009
Steamboat Springs Luxury Real Estate Sales in October, 2009
Steamboat Springs real estate sales in October, 2009 included several luxury mountain townhomes and condominiums. In fact, there were only three single family homes that closed in October.
Buyers are trending toward purchasing new construction that has been completed but not yet occupied. Five of the 8 properties were developer owned residences. New owners took possession of condos at Trailhead Lodge at Wildhorse Meadows, Bear Lodge at Trappeurs Crossing, and a new townhome in Fairway Meadows. A brand -new home in the Sanctuary also closed.
There were resales at EagleRidge Townhomes, Timbers Preserve, and a home in the Elk River area.
The average sold price was 90% of the list price. Please contact us to learn more about buying a luxury home in Steamboat.
| BRs | ADDRESS | Develop | Tot Sq Ft | List Price | $/Tot Sq Ft | Sold Price | $/Tot Sq Ft |
| Three | 43750 Diamondback Way | Elk River Mountain Ranch Subdivision | 3418 | $1,200,000 | $351.08 | $1,025,000 | $299.88 |
| Five | 1577 Flattop Circle | EagleRidge Townhomes | 3062 | $1,250,000 | $408.23 | $1,050,000 | $342.91 |
| Two | 1175 Bangtail Way | Wildhorse Meadows – Trailhead Lodge | 1201 | $1,120,000 | $932.56 | $1,120,000 | $932.56 |
| Two | 1175 Bangtail Way | Wildhorse Meadows – Trailhead Lodge | 1298 | $1,225,000 | $943.76 | $1,225,000 | $943.76 |
| Four | 1750 Medicine Springs Drive | Trappeurs Crossing Condos | 1996 | $1,595,000 | $799.10 | $1,375,000 | $688.88 |
| Four | 32200 N Timbers Preserve Drive | Timbers Preserve Subdivision | 3568 | $1,529,000 | $428.53 | $1,400,000 | $392.38 |
| Four | 1452 Delta Queen Ct. | Fairway Meadows Subdivision | 3835 | $1,999,900 | $521.49 | $1,900,000 | $495.44 |
| Five | 2276 Golf View Way | Sanctuary The Subd | 5427 | $2,195,000 | $404.46 | $2,000,000 | $368.53 |
| Total Listings | Avg | Avg | Avg | Avg | |||
| 8 | $1,514,237 | $598 | $1,386,875 | $558 |
Dakota Ridge Bank-Owned Property Deal
November 5, 2009
Feb 2010 Update: This Dakota Ridge luxury home closed for $1,250,000, over a half million dollars less than the already good price.
I previewed this Dakota Ridge home for sale in Steamboat, and it’s worth a look if you want a completely renovated home with incredible ski mountain views. This luxury home (over 6,000 sq ft.) is well-designed for entertaining and would make an excellent primary or secondary home here in Steamboat.
Please contact us for details or to schedule a private showing.
Dakota Ridge Home for sale
See all the homes for sale in Dakota Ridge here.
Dakota Ridge Luxury home views
Huge deck at Dakota Ridge luxury home
Living Area