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New Listing at Timbers Preserve

New Listing in Timbers Preserve!  If you are looking to build a new home and value views, you’ll want to see our new listing at 32100 Preserve Dr North in Steamboat Springs.  This homesite has initial sitework completed and is ready for a buyer looking to build their dream home here in Steamboat.  It is priced at $475,000, and you can see all the details and photos by scrolling below.  Call us at 970-819-6372 for details or to set up a showing.
MLS# 171234 

 
photo 1photo 2photo 3photo 5photo 8photo 9More Photos

Description

Must see 35 acre South Valley lot with the building site prepped and ready to build and spectacular views of Lake Catamount, the Flattops, Steamboat Ski Area, and beyond. Perfectly situated on the ridge ensuring views in several directions, with level access to the homesite and an abundance of mature trees…it’s no wonder this was one of the choice lots in subdivision. This homesite is READY for your vision as the building site has been excavated, the garage location has been prepped, building plans are available and much of the legwork with the county is complete. Buyers looking for huge views, privacy, close proximity to the ski area and a short drive to downtown Steamboat can check off their entire wish list with this property. Timbers Preserve lots have easement access to the Routt National Forest and water provided through Timbers Water and Sanitation District. Don’t miss this amazing opportunity to build on this special home site where you are surrounded by views and nature…yet minutes from town.

  • Sub Type: Residential/Acreage
  • Listing Status: Active
  • Listing Price: $475,000
  • County/Area: Routt County
  • Zip Code: 80487
  • Subdivision/Neighborhood: Timbers Preserve Subdivision
  • Acres: 35 acres
  • View: Steamboat Ski Area, Mountain, Valley, Panoramic, Lake
  • Area: South Valley
  • Characteristics: Pine, Aspen, Oak
  • Electric: To Lot Line
  • HOA Fee: 900
  • HOA Includes: Road Maintenance, Snow Plowing
  • HOA Per: Quarterly
  • Lot Description: Irregular, Wooded Lot, View, Borders Public Lands, National Forest Access
  • Phone: To lot Line
  • Possible Use: Single Family with Care T
  • Roads/Access: Private, Gravel
  • School: Soda Creek
  • Sewer: Septic Tank Needed

It’s Summer time! Let’s talk about “Bubbles”

“Are we back to the bubble of 2007?” is a common question that we are asked as real estate professionals. It’s a tough question to answer because we don’t have a crystal ball, however we can look at the contributing factors of the prior bubble and subsequent burst, and attempt to make some professional conclusions. In general, my answer is “yes perhaps, but I’m hoping we are more insulated or protected than we were during the previous bubble so the burst doesn’t hit us so hard. “

But to dig a bit deeper, we need to consider if the question relates to the Steamboat market or the macro US market. If the macro market experiences a burst, Steamboat WILL experience the effects, albeit a tad delayed, which is historically typical. So, what contributed to the ‘07 bubble nationally? Experts contribute it to 4 factors;

  1. Low mortgage interest rates, fueled further by foreign investor confidence.
  2. Low short-term interest rates which contributed to more ARM loans and extreme leveraging
  3. Relaxed standards for mortgage loans, encouraging subprime loans and other problems…. Prior standards expected that most mortgages were 30-year fixed rate loans requiring a down payment of at least 20 percent or mortgage insurance if the 20 percent down payment requirement were not met. The borrowers also had to prove that their income was sufficient to ensure that the monthly mortgage payments would be manageable.
  4. “Irrational Exuberance” – A term defined by Robert Shiller as “a heightened state of speculative fervor.” “In practice, all the participants who contributed to the housing bubble (government regulators, mortgage lenders, investment bankers, credit rating agencies, foreign investors, insurance companies, and home buyers) acted on the assumption that home prices would continue to rise.

The combination of all four causes created a type of “perfect storm” causing the housing bubble to be extreme and the resulting credit crisis to be severe.” But, according to an article written by Jeff Holt*, the primary contributor was factor 4. Irrational Exuberance. “The housing bubble would not have occurred without the widespread belief that home prices would continue to rise. Irrational exuberance contributed to the other three causes. Mortgage interest rates would not have been so low if foreign investors and credit rating agencies had not believed that U.S. home prices would keep rising. Low short-term interest rates would not have led to such extensive use of ARMs and such a high degree of leveraging without irrational exuberance. And relaxed standards for mortgage loans would not have led to such a large increase in subprime mortgages without irrational exuberance.”

I, for one, got caught up in the “Irrational Exuberance” and I know that I am far more conservative in my thinking, spending and investing than when I wore my invincible armor of 2007. I’d like to think we all are more conservative and thus, more protected from the effects of a burst.
Source: https://www.uvu.edu/woodbury/docs/summaryoftheprimarycauseofthehousingbubble.pdf

This guest post was written by Kelly Becker.  To contact Kelly, call her at 970-846-2300.

The Sanctuary in Steamboat 2016 Home Sales

Luxury home in The Sanctuary overlooking the Rollingstone Ranch Golf Club

Luxury home in The Sanctuary overlooking the Rollingstone Ranch Golf Club

The Sanctuary in Steamboat Springs is always a favorite with Steamboat luxury home buyers.  The proximity to town, golf, skiing, and hiking assure buyers and sellers that there will always be a market for homes.  Here is a list of sales to date in The Sanctuary.

See all luxury homes for sale in The Sanctuary

Give us a call at 970-819-6372 if you have questions or would like to see any of the homes currently for sale.

3250 Aspen Wood Lane $1,375,000 $1,312,500 6/14/2016
3281 Aspen Wood Lane $1,575,000 $1,529,000 6/17/2016
1255 Steamboat Blvd. $1,950,000 $1,760,000 7/5/2016
3095 Aspen Wood Dr $2,125,000 $2,015,000 9/15/2016
650 Steamboat Blvd $2,400,000 $2,350,000 11/4/2016
2189 Golf View Way $2,900,000 $2,650,000 11/15/2016
2275 Golf View Way $3,495,000 $2,950,000 8/30/2016
892 Steamboat Blvd $1,575,000 $1,575,000 6/28/2016

Steamboat Springs Luxury Home Sales YTD

Steamboat luxury real estateThe Steamboat Springs luxury home market (which I’m defining as any Steamboat area residential property over $1,000,000) is up significantly over the same time period in 2015.  This year, 92 properties sold above $1M compared to only 69 properties during the same period in 2015.   Popular neighborhoods where buyers are purchasing luxury homes include the Sanctuary, Graystone on the Green, Barn Village, Dakota Ridge and Rendezvous Trails (the Burgess Creek area near the Thunderhead lift.)  

A healthy number of condos made the list with multiple sales at ski in, ski out luxury properties including Edgemont, The Antlers at Christie Base, and One Steamboat Place.

I’ve worked with many of the buyers on this list and know the market well, so call us at 970-819-6372 to talk about your next home in Steamboat.

Steamboat Springs AreaDevelopmentAddressAsking PriceSold PriceClosing Date
1-DOWNTOWN AREACrawfrdAddtoSS31 Logan Ave$1,400,000 $1,400,000 10/21/2016
1-DOWNTOWN AREAFairview Add Ss424 Fairview Dr$1,290,000 $1,200,000 4/20/2016
1-DOWNTOWN AREAHowelsen Place700 Yampa A403$1,129,000 $1,025,000 9/30/2016
1-DOWNTOWN AREAOrig Town Steamboat Springs431 Pine St.$1,550,000 $1,445,000 9/14/2016
1-DOWNTOWN AREAYahmonite Add SS850 Douglas Street$1,640,000 $1,575,000 4/7/2016
2-FISH CREEK AREAAnglers Retreat581 Retreat Place$1,425,000 $1,375,000 7/22/2016
2-FISH CREEK AREAElkins Meadows @ Little Fish Creek2555 Wildflower Court$3,750,000 $3,600,000 9/12/2016
2-FISH CREEK AREAEmerald Knoll725 Sandhill Circle$1,095,000 $1,043,000 4/29/2016
2-FISH CREEK AREAFish Creek Meadows1372 Anglers Dr$1,195,000 $1,195,000 6/29/2016
2-FISH CREEK AREASpring Creek Ridge1224 Ridge View Drive$1,199,500 $1,100,000 6/1/2016
2-FISH CREEK AREASpring Creek Ridge1236 Ridge View Dr$1,345,000 $1,257,000 9/19/2016
2-FISH CREEK AREAStorm Mountain Reserve95 Hillside Drive$2,190,000 $1,940,000 1/8/2016
3-MOUNTAIN AREAAntlers@Christies Base2085 Ski Time Square # 213$1,295,000 $1,150,000 3/9/2016
3-MOUNTAIN AREAAntlers@Christies Base2085 Ski Time Square Drive$1,210,000 $1,060,000 9/29/2016
3-MOUNTAIN AREABurgess Pines Subdivision2900 Burgess Pines Trail$2,395,000 $2,300,000 3/25/2016
3-MOUNTAIN AREAChadwick Estate Villas1355 Eagle Glen Drive$1,260,000 $1,215,000 10/18/2016
3-MOUNTAIN AREAChadwick Place1495 Eagle Glen Drive$1,349,000 $1,250,000 9/2/2016
3-MOUNTAIN AREAChadwick-Flats1275 Eagle Glen Dr, #300$1,849,000 $1,800,000 2/2/2016
3-MOUNTAIN AREAChadwick-Flats1275 Eagle Glen Dr, #100$1,599,000 $1,520,000 8/5/2016
3-MOUNTAIN AREACimarron1925 Cimarron Circle$1,171,000 $1,186,500 9/16/2016
3-MOUNTAIN AREACimarron1929 Cimarron Circle$1,300,000 $1,200,000 2/29/2016
3-MOUNTAIN AREAEdgemont Condominium2410 Ski Trail Lane #2703$1,350,000 $1,200,000 5/25/2016
3-MOUNTAIN AREAEdgemont Condominium2410 Ski Trail Lane$3,095,000 $2,995,000 6/15/2016
3-MOUNTAIN AREAFairway Meadows Subdivision1490 Mark Twain Lane$1,249,950 $1,200,000 3/14/2016
3-MOUNTAIN AREAFairway Meadows Subdivision1318 Robert E. Lee Lane$1,900,000 $1,725,000 6/22/2016
3-MOUNTAIN AREAFairway Meadows Subdivision1750 Natches Way$4,195,000 $3,300,000 8/18/2016
3-MOUNTAIN AREAFairway Meadows Subdivision1109 Redwoods Drive$1,389,000 $1,322,000 2/16/2016
3-MOUNTAIN AREAFairway Meadows Subdivision1825 Clubhouse Drive$1,450,000 $1,450,000 9/12/2016
3-MOUNTAIN AREAFish Creek Meadows1222 Anglers Dr$1,399,000 $1,300,000 9/8/2016
3-MOUNTAIN AREAGraystone on The Green1206 Clubhouse Circle$1,439,000 $1,400,000 6/6/2016
3-MOUNTAIN AREAGraystone on The Green1199 Clubhouse Cir$1,795,000 $1,649,000 6/21/2016
3-MOUNTAIN AREAMale Property Subdivision2394 Fox Ridge Lane$1,950,000 $1,950,000 10/14/2016
3-MOUNTAIN AREAMale Property Subdivision1327 Overlook Drive$1,242,000 $1,242,000 8/15/2016
3-MOUNTAIN AREAMontview Park1965 Trollhaugen Court$1,635,000 $1,580,000 9/22/2016
3-MOUNTAIN AREANone2395 Fox Ridge Lane$2,995,000 $2,800,000 7/8/2016
3-MOUNTAIN AREANorth Meadows Subdivision2035 Steamboat Blvd$1,075,000 $1,025,000 5/12/2016
3-MOUNTAIN AREAOSP Condominium at Apres Ski Way2250 Apres Ski Way, Residence 508$1,875,000 $1,750,000 2/23/2016
3-MOUNTAIN AREAOSP Condominium at Apres Ski Way2250 Apres Ski Way, Residence 611$1,975,000 $1,775,000 1/8/2016
3-MOUNTAIN AREAOSP Condominium at Apres Ski Way2250 Apres Ski Way, Residence 502$1,950,000 $1,810,000 4/28/2016
3-MOUNTAIN AREAOSP Condominium at Apres Ski Way2250 Apres Ski Way, Residence 507$1,975,000 $1,812,500 3/11/2016
3-MOUNTAIN AREAOther1725 River Queen Lane$1,395,000 $1,355,000 8/19/2016
3-MOUNTAIN AREAPorches/More's1983 Indian Summer Drive$1,600,000 $1,560,000 7/28/2016
3-MOUNTAIN AREAPorches/More's1985 Indian Summer Drive$1,895,000 $1,805,000 6/15/2016
3-MOUNTAIN AREAPorches/More's1289 Turning Leaf Court$1,790,000 $1,790,000 2/19/2016
3-MOUNTAIN AREARendevous Trails Subdivision2749 Ridge Road$997,000 $1,000,000 9/29/2016
3-MOUNTAIN AREARendevous Trails Subdivision3050 Ridge Rd.$1,295,000 $1,175,000 6/14/2016
3-MOUNTAIN AREARendevous Trails Subdivision3045 Temple Knolls$1,470,000 $1,525,000 7/13/2016
3-MOUNTAIN AREARendevous Trails Subdivision2774 Burgess Creek Rd$1,595,000 $1,540,000 9/20/2016
3-MOUNTAIN AREARendevous Trails Subdivision3055 Temple Knoll$5,749,000 $4,900,000 11/2/2016
3-MOUNTAIN AREARunning Bear2175 Bear Drive$1,569,500 $1,569,500 10/14/2016
3-MOUNTAIN AREASanctuary The Subd3250 Aspen Wood Lane$1,375,000 $1,312,500 6/14/2016
3-MOUNTAIN AREASanctuary The Subd3281 Aspen Wood Lane$1,575,000 $1,529,000 6/17/2016
3-MOUNTAIN AREASanctuary The Subd1255 Steamboat Blvd.$1,950,000 $1,760,000 7/5/2016
3-MOUNTAIN AREASanctuary The Subd3095 Aspen Wood Dr$2,125,000 $2,015,000 9/15/2016
3-MOUNTAIN AREASanctuary The Subd650 Steamboat Blvd$2,400,000 $2,350,000 11/4/2016
3-MOUNTAIN AREASanctuary The Subd2189 Golf View Way$2,900,000 $2,650,000 11/15/2016
3-MOUNTAIN AREASanctuary The Subd2275 Golf View Way$3,495,000 $2,950,000 8/30/2016
3-MOUNTAIN AREASanctuary The Subd892 Steamboat Blvd$1,575,000 $1,575,000 6/28/2016
3-MOUNTAIN AREASki Trails Subd2325 Ski Trail Court$1,875,000 $1,650,000 9/30/2016
3-MOUNTAIN AREASki Trails Subd2510 Ski Trail Lane$1,875,000 $1,825,000 9/17/2016
3-MOUNTAIN AREASteamboat Barn Village940 Twilight Lane$1,649,000 $1,575,000 10/5/2016
3-MOUNTAIN AREASteamboat Barn Village730 Angels View Way$1,199,000 $1,135,000 1/13/2016
3-MOUNTAIN AREAStonewood@Eagle1165 Eagle Glen$1,375,000 $1,230,000 5/27/2016
3-MOUNTAIN AREATrappeurs Crossing Condos1750 Medicine Springs Dr. #6105$1,100,000 $1,000,000 5/5/2016
3-MOUNTAIN AREATree Haus36896 Tree Haus Dr$1,495,000 $1,442,500 9/30/2016
3-MOUNTAIN AREAWildhorse Meadows - Homestead1464 Bangtail Way$1,389,000 $1,155,150 9/30/2016
4-STRAWBERRY PARKSoda Creek High32710 Highlands Road$1,250,000 $1,260,000 6/10/2016
4-STRAWBERRY PARKStrawberry Park42650 CR 36$2,750,000 $2,700,000 6/15/2016
4-STRAWBERRY PARKStrawberry Park41850 Double Buck Trail$3,750,000 $3,485,000 9/16/2016
ELK RIVER AREASleeping Giant26025 Vista Valley Ct$1,510,000 $1,450,000 8/12/2016
GROUSE CREEK / BLACKTAIL / HENDERSON PARKHibbert Subd29875 Hibbert Lane$1,199,000 $1,125,000 7/14/2016
NORTH ROUTTMetes & Bounds48755 RCR 56C$7,800,000 $7,650,000 8/10/2016
NORTH ROUTTOther61970 Rounty County Road 129$1,149,000 $1,055,000 9/8/2016
SOUTH AND WESTCreek Ranch24690 Creek Ranch Road$1,450,000 $1,300,000 6/30/2016
SOUTH AND WESTCreek Ranch24785 Bench Lane$1,845,000 $1,685,000 9/9/2016
SOUTH AND WESTCreek Ranch24775 Rainbow Ridge$2,100,000 $1,960,000 5/24/2016
SOUTH AND WESTMetes & Bounds24575 County Rd 29$1,175,000 $1,113,000 7/22/2016
SOUTH VALLEYAlpine Mountain Ranch & Club, LPS32530 Bald Eagle Drive$4,250,000 $3,625,000 2/9/2016
SOUTH VALLEYDakota Ridge Subdivision31655 Sugar Ridge Road$1,397,000 $1,397,000 5/20/2016
SOUTH VALLEYDakota Ridge Subdivision31515 Aspen Ridge Road$1,575,000 $1,520,000 5/27/2016
SOUTH VALLEYDakota Ridge Subdivision35985 Agate Creek Road$1,975,000 $1,845,000 10/19/2016
SOUTH VALLEYLake Catamount32625 Hudspeth Lane$2,499,000 $2,300,000 8/3/2016
SOUTH VALLEYLake Catamount30425 Lakeshore Trail$1,175,000 $1,137,500 9/30/2016
SOUTH VALLEYMetes & Bounds31645 Redtail Lane$1,595,000 $1,475,000 10/14/2016
SOUTH VALLEYMetes & Bounds29640 County Road 14A$1,595,000 $1,550,000 7/15/2016
SOUTH VALLEYMetes & Bounds32320 RCR 20$4,900,000 $4,200,000 6/17/2016
SOUTH VALLEYNone31095 US Highway 40$3,950,000 $3,664,350 8/2/2016
$168,166,950 $156,992,500

January February 2016 Single Family Home Sales in Steamboat

Barn Village Amenities Building and Pool

Barn Village Amenities Building and Pool

In January and February of 2016 there were 16 single family home sales in the Steamboat Springs area. The least expensive house sold was near Stagecoach Lake and sold for $452,500.  The most expensive home sold was a 6 bedroom house at Alpine Mountain Ranch that sold for $3,625,000.

 

Here are the homes that sold:

 

DevelopmentAddressAsking PriceSold PriceBR
Blacktail Mountain Estates28150 Yellow Jacket Drive$452,500 $452,500 4
Willett Ridge Subdivision308 Locust Court$505,000 $480,000 4
Heritage Park27390 Brandon Circle$599,000 $575,000 4
Saddle Mountain Ranch23150 Snowshoe Ln$639,000 $580,000 5
Tree Haus36898 William William$649,500 $635,350 3+
North Highlands1147 The Boulevard$648,500 $648,500 3
Other43100 County Road 44$729,000 $705,000 4
Tree Haus37145 RCR 14$738,000 $719,500 5+
Village Green1103 Village Ln$769,900 $719,900 4
Silver Spur/ Estates27546 Silver Spur St$798,000 $784,000 3
Other458 Blue Sage Circle$859,000 $825,000 5
Fairway Meadows Subdivision1650 Natches Way$995,000 $965,000 4
Storm Mountain Reserve270 Storm Peak Court$1,050,000 $970,000 4
Mountain View248 Sundance Court$999,000 $999,000 5
Storm Mountain Reserve95 Hillside Drive$2,190,000 $1,940,000 5
Alpine Mountain Ranch & Club, LPS32530 Bald Eagle Drive$4,250,000 $3,625,000 6

 

Running Bear Homes Sold in 2015

Running Bear

Running Bear

In 2015 five home sold in the Running Bear development of Steamboat Springs.  They ranged in price from $1,250,000 to $1,400,000.

Click here to see all homes currently for sale in Running Bear.

Here are the homes that sold:

AddressAsking PriceSold PriceBR
2010 Bear Drive$1,395,000 $1,250,000 4+
2015 Bear Drive$1,275,000 $1,275,000 4
3407 Apres Ski Way$1,395,000 $1,350,000 5
2030 Homestead Court$1,449,000 $1,375,000 4+
2000 Bear Drive$1,495,000 $1,400,000 5+

 

 

 

Boulder Ridge Homes Sold in 2015

Home in Boulder Ridge

Home in Boulder Ridge

In 2015 two homes sold in the Boulder Ridge development of Steamboat Springs. Both were in the $1.8 million price range.

See all the homes and homesites available for sale at Boulder Ridge here.

Here are the homes that sold:

AddressAsking PriceSold PriceBR
250 Boulder Ridge Road$1,799,000 $1,775,000 4+
305 BOULDER RIDGE ROAD$1,799,000 $1,850,000 4

 

 

 

Graystone on the Green Homes Sold in 2015

InGraystone 2015 three houses sold at Graystone on the Green in Steamboat Springs, Colorado.  All three of the houses sold for more than $1,250,000.

See all of the available homes and homesites at Graystone on the Green here.

Here are the homes that sold:

AddressAsking PriceSold PriceBR
1254 Clubhouse Circle$1,295,000 $1,250,000 3+
1187 Clubhouse Cir$1,765,000 $1,750,000 5+
1305 Clubhouse Cir$1,950,000 $1,950,000 4+

 

 

 

Strawberry Park Homes Sold in 2015

Strawberry Park near Steamboat Springs

Strawberry Park near Steamboat Springs

In 2015 four properties sold in the Strawberry Park area of Steamboat Springs, Colorado.  The homes sold all had significant acreage to go with the main home.

The largest sale was a four bedroom home with 369 acres that sold for $4,995,000.

See all the homes for sale in Strawberry Park and Soda Creek Highlands.

 

Here are the sales:

AddressAsking PriceSold PriceBRAcres
41700 CR 38A$995,000 $975,000 4+10
33605 RCR 38$1,200,000 $989,600 321
31765 Soda Creek Rim Road$4,995,000 $4,700,000 613.24
42855 Gunn Creek Ln$4,995,000 $5,000,000 4369

 

 

 

Porches Homes Sold in 2015

The Porches

The Porches Whole and Fractional Ownership Residences

In 2015 three Porches whole ownership homes sold in Steamboat Springs. The lowest price was $1,468,500 for a four bedroom while the highest was $2,075,000 for a five bedroom.

See all Porches whole and fractional residences for sale here.

Here are the details of the homes that sold:

AddressAsking PriceSold PriceBR
2041 Indian Summer Drive$1,475,000 $1,468,500 4
1996 Indian Summer Drive$1,996,000 $2,000,000 5
1998 Indian Summer Drive$2,125,000 $2,075,000 5