Saturday, October 29, 2011
Trailhead Lodge condominiums in Steamboat Springs foreclosure sale
See more details about Trailhead at WildhorseNew prices at close to half off the original listings, may greet buyers of Trailhead Lodge in Steamboat Springs, Colorado as the new development owners complete the foreclosure process soon.
From Steamboat Today
SilverLeaf expects to take ownership of Trailhead Lodge from Resort Ventures West through foreclosure this week
Originally priced at around $1,000/sf, Trailhead didn’t quite meet Buyer’s expectations. Appliances, cabinetry, construction quality and location just wasn’t on par with the other truly ski-in properties like Edgemont and One Steamboat Place which had a similar price point. Creative marketing, and a very nice property with fantastic amenities was not enough to see value in what was delivered. Combined with a declining economy, former mountain resort developer Resort Ventures West was unable to sell enough condos for owners Trailhead Lodge at Wildhorse Meadows, LLC.
The new owners, SilverLeaf Financial of Salt Lake City, recently bought the debt from Bank of America and will proceed with foreclosing on the developers to “clean up the title.” The foreclosure sale is scheduled this Wednesday at the Routt County Treasures office which should finalize the process.
This can be your opportunity as a new buyer of a very nice condominium in Steamboat Springs. If the new Trailhead At Wildhorse owners release prices around $400-500 per square foot, I can say, as a local Realtor specializing in Steamboat mountain real estate and condominium sales, that pricing will be very attractive and competitive.
It’s a stretch to call Trailhead Lodge a ski-in/ski-out as previously advertised. You do have to get on a gondola located just outside the building, ride to a landing spot at One Steamboat Place., then walk to another lift or gondola that takes to Steamboat’s skiing. Therefore, I wouldn’t put these condominiums in the same category as One Steamboat Place or Edgemont, but they do offer fantastic views, amenities such as a big pool, recreation room and play area for the kids, convenience to Strings on the Mountain, restaurants, shopping and the movie theatre at Wildhorse Marketplace.
This is real estate to watch for a deal on new construction, views and quality amenities and hopefully a bargain price for a condominium in Steamboat Springs.
Call me for more information,
Dean Laird
Colorado Group Realty
Broker/Owner
970-846-8284
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See more details about Trailhead at Wildhorse
