Another foreclosed condo at Steamboat’s Highmark equals a deal for the luxury condo buyer.

Saturday, August 21, 2010

The Highmark at Steamboat has suffered some ups and downs - evidenced by being recognized as filling an unmet high-end niche while also sporting a couple of oreclosure condos just listed on the Steamboat Springs MLS. Tough times are hopefully ending as Steamboat sales pick up and the developer hands over the management keys to a local property management company - Mountain Resorts. Financial troubles hit early in construction and The Highmark was a swimming hole for Steamboat ducks because the foundation sat filled with spring run-off. A drawn-out construction process followed and the building was finally finished with an exterior color scheme you either love or hate. The Highmark first opened as a luxury rental property but recently succumbed to an unsuccessful auction by a marketing plan that couldn’t produce sales. Indeed, The Highmark has had a checkered history to date. However, change has been good. The friends and clients I’ve sent there to stay, love the place for the luxury finishes, ski resort views, convenience to the slopes and world class service, all at a bargain price. And The Highmark is on track for more success with new management…

Mountain Resorts President Steve Frasier said it was the recent sales that contributed to the developers’ decision to seek a locally based property management company that was focused solely on the Steamboat market as they anticipate turning the property over to a homeowners association. “We have the ability to transition from the developer to the HOA smoothly”.

- Steamboat Today Over 1500 square feet, newer construction, a few minutes walk to the Steamboat gondola and only $625,000 as of today’s date, these 2 newly listed foreclosure condos are bank owned real estate and worth a closer look. Call Dean Laird 877-678-0884 about these properties or for more Steamboat foreclosure market conditions.

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