Steamboat Luxury Home Sales in July/Aug.

August 15, 2011

These Steamboat luxury properties represent those that have sold or gone under contract with asking prices over $1,000,000  between July 1, 2011 and August 15, 2011.  Now that One Steamboat Place is back on the market after a recent debt restructuring, four whole ownership residences and several fractional ownership residences are under contract and two closed last week.

The luxury home real estate market has seen a recent uptick in activity.   Reasons:  buyers are using cash they withdrew from the stock market before the recent instability; ski-in, ski-out buyers want to have a place purchased and furnished before the ski season starts to capitalize on rental income; prices have been reduced so that more buyers are looking–that place a buyer had their eye on may sell to someone else if they don’t buy now.

Search for your next property here, or call us at 970.819.6372 to discuss your real estate needs.

Area	Type	Development	Address	BR	Status	Asking Price	Sold Price
2-FISH CREEK AREA	Single Family	Anglers Retreat (Bank Owned REO)	594 RETREAT PLACE	Three	SOLD	$1,250,000	$1,100,000
2-FISH CREEK AREA	Single Family	Mountain View	695 Meadowbrook Circle	Four	SOLD	$1,399,000	$1,000,000
3-MOUNTAIN AREA	Townhouse	Rendevous Trails Subdivision	2780 Trails Edge	Five	SOLD	$1,750,000	$1,475,000
3-MOUNTAIN AREA	Steamboat Condo	One Steamboat Place Condo (Ski in Ski out)	2250 Apres Ski Way	Four	SOLD	$2,325,000	$2,325,000
3-MOUNTAIN AREA	Steamboat Condo	One Steamboat Place Condo (Ski in Ski out)	2250 Apres Ski Way	Four	SOLD	$2,325,000	$2,325,000
3-MOUNTAIN AREA	Steamboat Condo	Edgemont Condo (Ski in Ski Out)	2410 Ski Trail Lane#2307	Four Plus	SOLD	$2,450,000	$2,350,000
3-MOUNTAIN AREA	Townhouse	Cimarron	1957 Cimarron Circle	Five	PENDING	$1,250,000
3-MOUNTAIN AREA	Single Family	The Sanctuary	2904 Golf Stream Ct.	Five	PENDING	$1,280,000
3-MOUNTAIN AREA	Single Family	Fairway Meadows Subdivision	1630 Cornice Court	Three	PENDING	$1,299,000
3-MOUNTAIN AREA	Single Family	Country Club Highlands	2464 Clubhouse Drive	Four	PENDING	$1,599,000
3-MOUNTAIN AREA	Single Family	North Meadows Subdivision	1825 Montview Lane	Five Plus	PENDING	$1,650,000
2-FISH CREEK AREA	Single Family	Boulder Ridge	245 Boulder Ridge Road	Four Plus	PENDING	$1,695,000
SOUTH VALLEY	Single Family	Big Valley Ranch	28800 Skyline Drive	Four	PENDING	$1,750,000
3-MOUNTAIN AREA	Steamboat Condo	One Steamboat Place Condo (Ski in Ski out)	2250 Apres Ski Way	Four	PENDING	$2,195,000
3-MOUNTAIN AREA	Steamboat Condo	One Steamboat Place Condo (Ski in Ski out)	2250 Apres Ski Way	Four	PENDING	$2,325,000
3-MOUNTAIN AREA	Steamboat Condo	One Steamboat Place Condo (Ski in Ski out)	2250 Apres Ski Way	Four	PENDING	$2,325,000
3-MOUNTAIN AREA	Steamboat Condo	One Steamboat Place Condo (Ski in Ski out)	2250 Apres Ski Way	Four	PENDING	$2,350,000
SOUTH VALLEY	Single Family	None	34225 State Hwy 131	Six	PENDING	$2,400,000
SOUTH VALLEY	Single Family	Catamount Ranch LPSE	34410 Brady Trail	Four	PENDING	$3,450,000
3-MOUNTAIN AREA	Single Family	Dakota Ridge Subdivision	31665 Aspen Ridge	Five	PENDING	$3,900,000

Steamboat Luxury Contracts Over $1,000,000 in July

August 1, 2011

Steamboat luxury real estate buyers got their checkbooks out in July and put 10 properties under contract.  Most of these were very well-priced–or new–homes in Steamboat’s better neighborhoods.  A Sanctuary home for $1,280,000 was under contract in 26 days.  A spec home in Boulder Ridge went under contract in 27 days.  And a home in Big Valley Ranch was only listed 36 days before finding a buyer.

Current Steamboat luxury home buyers  have been watching the market and know the sold prices of recent listings.  They know–often more than sellers–when a listing is priced to sell.

For a list of the better single family home and land deals on the market, call us at (970) 819-6372.

Steamboat Area	Development	Address	Type	Asking Price	Sold Price	Status
SOUTH VALLEY	Catamount Ranch	TBD  Catamount Drive	Residential/Acreage	$1,195,000		PENDING
2-FISH CREEK AREA	Anglers Retreat	594  RETREAT PLACE	Single Family	$1,250,000		PENDING
3-MOUNTAIN AREA	Sanctuary The Subd	2904  Golf Stream Ct.	Single Family	$1,280,000		PENDING
3-MOUNTAIN AREA	Fairway Meadows Subdivision	1630  Cornice Court	Single Family	$1,299,000		PENDING
1-DOWNTOWN AREA	Campbell Subdivision	1088  Uncochief Circle	Single Family	$1,375,000		PENDING
2-FISH CREEK AREA	Mountain View	695  Meadowbrook Circle	Single Family	$1,399,000		PENDING
3-MOUNTAIN AREA	Rendevous Trails Subdivision	2780  Trails Edge	Townhouse	$1,750,000	$1,475,000	SOLD
3-MOUNTAIN AREA	Trails Edge Subdivision	2775  Trails Edge	Residential/Acreage	$1,995,000	$1,575,000	SOLD
3-MOUNTAIN AREA	Country Club Highlands	2464  Clubhouse Drive	Single Family	$1,599,000		PENDING
2-FISH CREEK AREA	Boulder Ridge	245  Boulder Ridge Road	Single Family	$1,695,000		PENDING
SOUTH VALLEY	Big Valley Ranch	28800  Skyline Drive	Single Family	$1,750,000		PENDING
3-MOUNTAIN AREA	Edgemont Condominium	2410  Ski Trail Lane#2307	Condo	$2,450,000	$2,350,000	SOLD
SOUTH VALLEY	None	34225  State Hwy 131	Single Family	$2,400,000		PENDING

Steamboat Real Estate June Sales over $1.5M

July 19, 2011

June Steamboat Real Estate sales over $1.5M:

Commercial properties:

• $2,900,000 Comfort Inn.  This commercial property is used for lodging, is 24,382 SF and was built in 1995.  It has 2.44 AC Land Area.  PPSF is $118.94
• $2,600,000 Sleepy Bear Mobile Home Park.  This commercial property is located on 6.59 AC.  PPAC is $394,537.

Residential Properties:

• $2,500,000 26325 RCR #13.  320 acre ranch property in southern Routt County with 4 Brm 3 Bath, built in 1978, 1,560 SF.
• $2,376,000 0175 Deer Clover Lane in the Fish Creek Area – New Construction, 6 Brm 8.5 Bath, 7,847 SF on 1.02 acres.
• $2,050,000 32535 & 32545 McKinnis Trail in Fox Estates – 5 Brm 5.5 Bath, built in 2008 with 6,617 SF on 2.22 acres.
• $1,500,000 41975 RCR #36 –35.666 acre Vacant land parcel.

Steamboat Luxury Home Market Report

March 1, 2011

I was recently reading an article about high-end Aspen home sales (which have been even more non-existent than other resort real estate markets) and wondered if we’re seeing the same trends in the Steamboat luxury real estate market.  Aspen had five home sales between $13.75 million and $20 million since late December.  Two more are pending.  There are still 49 homes in Aspen for sale at prices above $10 million, so they aren’t exactly running out of homes to sell.

In Steamboat, our real estate prices aren’t quite so stratospheric although we are certainly seeing our share of buyers.  Since December, nine Steamboat luxury homes have sold above $2,000,000 with two more pending.

There are quite a few properties priced above $2,000,000 for sale in Steamboat.  If you are looking for a luxury home without the eye-popping price tag of a similar home in Aspen, it’s worth looking at a few.  Some of these Steamboat homes can be purchased at less than replacement cost making a luxury home purchase a good investment if you plan to hold–and more importantly, use–the home for several years.  Please call us at 970.819.6372 to discuss your options.

These are the Steamboat Springs properties over $2M that have sold (or are under contract) since December:

Development	Address	BR	Status	Asking Price	Sold Price
Meadows at Stagecoach	21500  Green Ridge Ct.	Five Plus	SOLD	$1,999,999	$2,000,000
Rendevous Trails Subdivision	2476  Ridge Road	Six	SOLD	$2,386,000	$2,100,000
The Sanctuary	2880  Golf Stream Court	Five Plus	SOLD	$2,300,000	$2,210,000
Catamount Ranch LPSE	34155  Catamount Dr	Four	PENDING	$2,300,000
Lake Catamount	30600  Lakeshore Trail	Four	SOLD	$2,995,000	$2,400,000
North Routt Area Ranch	43500  Elk River Road	Six Plus	PENDING	$2,500,000
Alpine Acres	120  Deer Clover Lane	Five	SOLD	$2,875,000	$2,650,000
The Sanctuary	3057  Heavenly View	Five	SOLD	$3,049,000	$2,940,000
Lake Catamount	30355  Harrison Trail	Five	SOLD	$3,925,000	$3,200,000
Edgemont Condominium	2410  Ski Trail Lane #2201	Five	SOLD	$3,727,200	$3,224,000
Porches/More’s	2069  Indian Summer Drive	Six	SOLD	$3,950,000	$3,490,000

Steamboat Springs Luxury Home Sales for December 2010

February 5, 2011

Here are the Steamboat luxury home sales over $2,000,000 for December 2010:

$3,490,000 The Porches whole ownership 2067 Indian Summer Drive – 5 Bedroom 5.5 Bath, 10,431 sq ft.  This home is two Porches residences combined into one with many unique upgrades.

$3,200,000 Lake Catamount – 30355 Harrison Trail – Gorgeous 4 Bedroom 6.5 Bath , 6,428 sq ft home overlooking Lake Catamount on 59.34 acres with a private dock.

$3,000,000 Graystone on the Green Subdivision (17 lots) aka 1305 Clubhouse Circle – 17 Vacant Residential Building Sites totaling: 7.188 AC Land.  This was a Bank Sale with a division of Fortress as the buyer.  Fortress owns the Steamboat ski area and is involved with several base area developments.

$2,900,000 Marabou Ranch – 43441 Elk Run – 4 Bedroom 3 Bath 3,296 SF Living Area on 6.73 AC Land.  This sale is located in the Elk River Area.

$2,400,000 Lake Catamount home at 30600 Lakeshore Trail–4 Bedroom 5 Bath, 5056 sq ft living area on .52 acres in the Lake Catamount Cabin area.

$2,210,000 The Sanctuary–Bank owned home at 2880 Golf Stream Court–5+ Bedroom, 5+ Bath home with 8424 sq ft on .50 acres next to Fish Creek.

Stats courtesy of Bruce Carta at Land Title.

Sanctuary Luxury Home Sales

January 28, 2011

The Sanctuary in Steamboat Springs is one of Steamboat’s most popular luxury neighborhoods.  (Learn more about The Sanctuary)  There have been eight sales within the past year, and three of those sales closed in January 2011.

See all the homes for sale in The Sanctuary at Steamboat here or call 970.819.6372 for more details about purchasing a home in The Sanctuary at Steamboat.

Development	Address	BR	Full and 3/4 Baths	Asking Price	Sold Price	Year Built (Use 4 digit)	Finished Square Footage	List Price per Fin SqFt
The Sanctuary in Steamboat Springs	3290  Aspenwood Lane	Three Plus	Three	$1,390,000	$1,050,000	1999	3784	367.34
The Sanctuary in Steamboat Springs	1076  Steamboat Blvd.	Five	Three	$1,350,000	$1,200,000	1998	3408	396.13
The Sanctuary in Steamboat Springs	935  Steamboat Boulevard	Five	Five or More	$2,250,000	$1,700,000	2004	4692	479.54
The Sanctuary in Steamboat Springs	2745  Whitewater Lane	Five Plus	Five or More	$2,299,000	$1,950,000	2009	5716	402.2
The Sanctuary in Steamboat Springs	3193  Aspen Wood Dr.	Five	Five or More	$2,195,000	$2,000,000	2008	4871	450.63
The Sanctuary in Steamboat Springs	2880  Golf Stream Court * BANK OWNED	Five Plus	Five or More	$2,300,000	$2,210,000	2000	8424	273.03
The Sanctuary in Steamboat Springs	2723  Whitewater Lane	Five	Five or More	$3,200,000	$2,850,000	2008	7127	449
The Sanctuary in Steamboat Springs	3057  Heavenly View	Five	Five or More	$3,049,000	$2,940,000	2008	7399	412.08

Steamboat Luxury Real Estate Sales over $1.5M

December 7, 2010

The Porches Luxury Residences

These Steamboat Springs luxury homes have sold since October, 2010:

One Steamboat Place (whole ownership) Condo @ Apres Ski Way sold for $3,050,000 This One Steamboat Place residence is a new ski in ski out 4 Brm 4.5 Bath, 2,532 sq ft at the Steamboat Ski Area base.

Ledges Townhome at 2540 Ski Trail Lane sold for $2,350,000 – Short sale.  This luxury duplex was never occupied and is located directly beneath the gondola in the Steamboat Mountain Area.

Strawberry Park Area luxury home on 35 acres sold for $1,900,000 –33875 RCR #38

Elk River Ranch on 261 acres sold for $1,575,000– 25490 RCR #52E.  This 3 BR home was built in 1984 and included water rights.  There is also a small cabin on the property.

Anglers Retreat– 665 Creel Lane –sold for $1,525,000.  This Anglers Retreat home had an incredible lot and outdoor living area right on Fish Creek.  It has 3 Brm 3.5 Bath and was built in 2002.

The Porches–2069 Indian Summer Drive—sold for $3,490,000. This whole ownership Porches townhome was actually two side-by-side townhomes combined into one 10,431 sq  ft. ultra luxury residence unlike any other place at The Porches .  The original owners upgraded everything from the chandeliers from Europe to the zebra skin inlays in some of the built-in furniture to create an over-the-top masterpiece.

Steamboat Springs Luxury Real Estate Quick Facts (From Steamboat Springs MLS Data)

November 27, 2010

In 2010 YTD, 69 Steamboat Springs luxury properties sold for over $1,000,000.  Total dollar volume was $112,536,000.

The average sold price of a Steamboat luxury home is  $1,630,000 in 2010 YTD with the highest priced luxury home selling for $4,300,000.

Average Days on Market was 250 days  to sell a Steamboat luxury home, condo, or townhome priced over $1M.

What is Selling in Steamboat Springs over $1,000,000:

• 60% are Steamboat single family homes
• 15% are luxury condos (Edgemont, Bear Lodge @ Trappeurs, Emerald Lodge @ Trappeurs)
• 26% are townhomes:
  • 27% have three bedrooms
  • 55% have four bedooms
  • 16% have 5+ bedrooms

Most popular Steamboat Luxury Neighborhoods (based on number of sales):

• Anglers Retreat—5 sales (sold prices ranged from$1,030,000-$1,525,000)
• The Sanctuary—4 sales (sold prices ranged from $1,050,000-$2,850,000)
• Dakota Ridge—4 sales (sold prices ranged from $1,250,000-$3,000,000)
• Stonewood at Eagle Ridge Townhomes—3 sales (Sold prices ranged from $1,060,000-$1,555,000)

Steamboat Luxury Home Sales in September

November 4, 2010

Thank you Bruce Carta of Land Title who provides the Steamboat real estate stats every month.

Notable sales over $1.5M for September were:

$2,999,000—Steamboat luxury home at Catamount Ranch– 34310 Brady Trail – 6 Brm 6.5 Bath – Built in 2004 – 8,192 SF Living Area on 8.44 acres.  It was listed for $3,057,900 at the time of sale, down from the peak listing price of $7,500,000 in 2007.

$2,245,000 –Mountain View Estates– 0657 Meadowbrook Circle – 5 Brm 5.5 Bath – Built in 1998 – 4,917 square feet of Living Area on .56 acres.  Listing price was $2,695,000 at time of sale.

$1,626,800 Ski in Ski Out Luxury Edgemont Condo– 2410 Ski Trail Lane – 3 Brm 3 Bath – Completed in 2009 – 1,756 square feet of Living Area.   This is a new construction sale reflecting the 30% off Edgemont Summer Sale pricing.  Six condos went under contract at Edgemont with this sale.

$2,985,000–Lots 3 and 4, River Bank Ranches–Two parcels totaling  over 78 acres of vacant Land along the Yampa River – 24775 US Highway #40.  This land included over 1/2 mile of both sides of the Yampa River and was 10 minutes to Steamboat Springs.  These parcels were listed separately for $4,390,000 at the time of sale.

$4,945,000–Steamboat Commercial Real Estate–

Riverfront Park #3 Commercial Condo Units, Riverfront Park Future Expansion Parcel & Moos Subd Lot 3:  These parcels encompass a commercial mixed use building divided into several condo units, a vacant commercial site, and another parcel housing a commercial building used for garage/service use.  Total commercial improved square footage was  32,619.  These parcels were listed separately  for $5,895,000 and are located by the James Brown Soul of the Universe bridge.

Steamboat Luxury Home Sales in the Fish Creek Area in 2010

October 27, 2010

Steamboat Springs has several luxury neighborhoods to choose from.  Whether you want mountain views, access to hiking trails or skiing, large acreage, water frontage, or upscale neighborhoods, Steamboat Springs has a neighborhood for just about everyone.

Sales in the Fish Creek area, which include Steamboat Blvd, Anglers, and Meadowbrook Circle (to name a few) have been steady.  The following luxury homes sold for over $1M in the Fish Creek area of Steamboat Springs through October 2010:  (Click on the link for neighborhood details)

See Also:  Steamboat Luxury Home Sales in the Mountain Area in 2010

Steamboat Neighborhood	Address	Asking Price	Sold Price	# of Bedrooms
Anglers Retreat	566  RETREAT PLACE	$1,175,000	$1,030,000	Three
Anglers Retreat	594  RETREAT PLACE	$1,298,000	$1,050,000	Three
Anglers Retreat	641  Creel Lane	$1,710,000	$1,200,000	Three
Mountain View	682  Meadowbrook Circle	$1,365,000	$1,310,000	Four
Anglers Retreat	629  Creel Lane	$1,975,000	$1,325,000	Three
Valverdant Subdivision	10  Valverdant Circle	$1,395,000	$1,340,000	Four Plus
Yampa Highlands	65  Highland Circle	$1,795,000	$1,475,000	Six
Spring Creek Ridge	1232  Ridge View Drive	$1,725,000	$1,625,000	Four
Anglers Ridge	798  Anglers Court	$1,795,000	$1,680,000	Four
Elkins Meadows @ Little Fish Creek	2890  Bucks Path	$3,275,000	$2,979,965	Six
Eagles View Subdivision	1055  Anglers Drive	$5,495,000	$4,000,000	Four Plus

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