Real estate in Steamboat with 5+ bedrooms and shuttle to the slopes hard to find under $1 million.

Saturday, August 10, 2013

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Steamboat real estate with viewsEagles Overlook in Steamboat Springs fills the need for rentals with 5 or more bedrooms.   

If you have a large family, lots of friends, or travel in groups, then you have probably run up against the challenge of finding a place with quality finishes and a great location offering a shuttle to the slopes that won’t break the bank. 

itrip vacation rentals in Steamboat offers Eagles Overlook luxurious mountain-style living.

The fee charged for rentals can be a sticker shock because the cost to purchase one of these homes exceeds $1,000,000 for the most part. As of the date of this real estate blog, there are only 7 homes / townhomes in the mountain area near the ski slopes of Steamboat Ski Resort with 5 or more bedrooms priced under $1,000,000.  Most of the 7 need some work with the exception of a spectacular property located above the Rolling Stone Golf Course and appropriately named Eagles Overlook - priced now at $669,000 to sell fast

Eagles Overllook HOA pays the gas bill for snow melt, shovels your deck, maintains the elevators and saves for capital improvements. 

Steamboat luxury townhouseCome to ski or golf and don’t worry about working on your home while here. If you want to offset the cost of owning your home, potential for rentals income is very attractive at Eagles Overlook and cash flow is much better than many of the luxury townhomes closer to the slopes. 

For more info on Eagles Overlook or other homes near Steamboat skiing and golf, visit SkiCondos4Sale.com

 

 

 

 

 

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Ski in to Poolside at Edgemont in Steamboat Springs

Thursday, September 13, 2012

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Edgemont put my family up for a weekend in one of the 3 bedroom condos this summer and they didn’t want to leave. Now I have a problem since the bar is raised so high, the guest bed in our house just isn’t going to cut it anymore for grandma. Steamboat weather was perfect and we had the place to ourselves. There isn’t another new luxury condo development that offers the views and solitude Edgemont condominiums offer - especially in the summer in Steamboat Springs. edgemont-steamboat1.jpg April 6th, 2011, Edgemont’s construction loan was paid in full due to strong sales activity over the 2011 winter season with 11 Residences sold. The 2012 season, 3 more units sold with a 5 bedroom, 4-1/2 bath closing at $2,875,000 = $775/Sq.Ft. The Ridge collection featuring 5 bedroom units is sold out. So how is the market in Steamboat? Edgemont isn’t the only luxury condo development selling, One Steamboat Place sold $46,000,000 in inventory since they restructured their debt a year ago August. In the 1st half of 2012 there were $57,546,517 in sales of condominiums and townhomes in the mountain area close to the Steamboat’s ski slopes. edgemont-steamboat2.jpg Since Edgemont is the only option for new construction and luxury finishes in a 2 bedroom condo, the rentals are good. 2011-12 Ski Season for 2 bedroom slopeside condo. Owner’s Use 3 Reservations 20 Nights $15,795.00 Gross Rentals 13 Reservations 73 Nights $50,263.75 Gross Nightly Rates 2012-13 Early/Late Season $ 620 Holiday $1525 Regular $1095 Early Holiday $1250 Value $ 860 HOA cost on a 2 bedroom with slope side views such as unit 2603 rentals above are $14,529/year. edgemont-steamboat6.jpg Only a 1 bedroom condo is left and priced at $550,000, Five - 2 bedroom condos from $895,000, five 3 bedroom condos from $1,195,000 and a 3 bedroom + den that looks over the Flattops and South Valley at $1,995,000 - This is reduced from the original pre-construction price of $2,709,000. Out of the remaining inventory, only 3 units are left facing the ski slopes. Personally, I prefer the South Valley views because in the winter, you have sun on your deck apres ski. edgemont-steamboat7.jpg See the price list here or call Dean in Steamboat for more information 970-846-8284. Based on the recent trend of sales, this could be the last season to grab the best pricing at Edgemont ski-in ski-out condominiums. edgemont-steamboat8.jpg edgemont-steamboat3.jpg Bring the kids!

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Discounts and Incentives Offer Real Estate Deals for Buyers in Steamboat Springs, CO

Sunday, February 19, 2012

See more details about Edgemont
See more details about Howelsen Place
See more details about Wildhorse
See more details about Trailhead at Wildhorse
See more details about Trappeurs Crossing

Buyers looking for high-end, luxury condominiums in Steamboat Springs are in a great position to find some deals. A recent surge of price reductions and developer incentives has increased interest in some of the best properties on the market. Demand is still lagging supply, however there have been 16 sales over $800,000 for condos and townhomes in the downtown and mountain areas since November 2011, and our busiest selling season is just beginning. The relative abundance of luxury real estate has sellers competing for buyers to keep this recent condo buying trend in motion. For example, the developers of the ski-in/ski-out luxury condos at Edgemont are offering to pay three years of HOA dues on the next sale of any of the 13 remaining condos. They are also offering two years of paid HOA dues estimated at $22,000 annually for the next phase of to-be-built four and five bedroom townhomes. And while the townhomes are being built, they will provide use of Edgemont Ridge condos for up to two weeks in both the winter and summer seasons! Two other properties, Cimmaron Townhomes across the street from the Steamboat Ski Area, and Norwegian Log, an older ski-in/ski-out are also offering a price reduction. Bear Lodge at Trappeur’s Crossing is offering 25% off the next sale of their remaining new 3 or 4 bedroom luxury condominiums located one block from the base of the Steamboat Ski Resort. The offer also includes paid HOA dues for 3 years. Recently discounted pricing makes these high-end condos an attractive deal for anyone looking for resort properties. Listing prices are less than $500 per square foot. Newly constructed Trailhead Lodge at Wildhorse Meadows slashed prices of its fully-furnished condos up to 50% off the original listings with prices now in the mid-$400 per square foot range. Deals don’t stop at the ski area. In downtown Steamboat Springs condos in the newly constructed Howelsen Place and Alpenglow Lofts have incentives also. Up to 25% off at Howelsen Place and 35% at Alpenglow on the next two sales at each property.

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See more details about Edgemont
See more details about Howelsen Place
See more details about Wildhorse
See more details about Trailhead at Wildhorse
See more details about Trappeurs Crossing

Steamboat vacation rentals and alternative for condo owners paying upwards of 40% fees

Saturday, January 21, 2012

Planning to vacation in Steamboat soon? Our local management companies such as Steamboat Resorts and Resort Quest are top notch for service, but you may find as good or better deal using one of the internet companies. Looking at the rental income statements for my Sellers using a local management company, its pretty typical to see only 50% of the nightly rental income ending up in the pockets of the owner. If the that owner lists with one of the following companies, then most of that rental income ends up in their pocket, allowing the flexibility to offer cheaper Steamboat condo and home rentals. For most property owners trying to rent on their own, scheduling key service, cleaning, and maintenance is more of a burden then they want to deal with. For those who have a system they can offer some good deals on vacation rentals in Steamboat. Here are a few examples: http://www.airbnb.com/ http://VRBO.com http://HomeAway.com The New York Times reports on how to surf for a vacation rental. If you have questions about rental investment real estate in the Steamboat Springs real estate market, condos and homes for sale or would like a list of the local vacation rental services, I’m here to help. Dean Laird Broker/Owner Colorado Group Realty deanlaird@gmail.com http://skicondos4sale.com http://steamboatfinehomes.com

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Highmark and Trappeurs Crossing Condos close out 2011 with 15 sales in the Steamboat Springs Real Esate Market

Friday, January 6, 2012

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See more details about One Steamboat Place

Deals at Highmark Steamboat Springs and Trappeur’s Crossing Condominiums in the Steamboat Springs real estate market were snatched up at nearly half the price/sq.ft. of other ski-in/ski-out real estate developments such as One Steamboat Place and Edgemont. Quality finishes and walk to the ski slope access made these deals even more attractive with Highmark selling from $355 to $455/sq.ft. in 2011; the price range was dependent on location and views, and 5 of the 6 sales at Highmark were distressed. Trappeur’s Crossing condos price ranges, including Timberline, Champagne, Aspen, Emerald and Bear Lodge, were from $320/sq.ft. for Timberline to the newer construction and higher quality finishes of Bear Lodge at $500/sq.ft. for a 5 bedroom. None of the Trappeur’s Crossings sales were distressed. In contrast, One Steamboat place sales ranged from $629/sq.ft. to $926/sq.ft. for their premier property. These sale prices are 30-40% off their original release prices in 2007! Edgemont recently closed their 5 bedroom bunk house with the magnificant views for $780/sq.ft.; the top sale was $826/sq.ft. Many more exceptional deals can be had at other ski-in/ski-out and close-to-the-slopes properties in Steamboat Springs. A few to watch include Trailhead at Wildhorse at about 50% off original list price, Eagleridge selling well below 2007 pricing and we’re beginning to see some better deals at Chateau Chamonix.

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Routt County /Steamboat Springs Real Estate Market Update for Novemeber 2011

Thursday, December 22, 2011

November was a great month for the Steamboat Springs real estate market, up quite a bit over last year’s November. (90%) Gross volume in November came in at $51,948,300, and had a total of 125 Transactions. This big shot in the arm leaves your YTD, Gross volume slightly off last YTD, but under -10%. Transaction wise, November was strong with 125 transactions, although general transaction numbers are still down.

There was strong residential activity in November. 66 of the transactions were for Improved Residential properties (up from 47 last month). In an addition, all of the Residential trend-point totals are showing up green. The upper end residential market was very favorable in November, as you’ll see in the Price Point summary and by the highlighted sales below.

Bank sales are also up this month with a total of 15.

Sales over $1.5M:

11/29/2011 $2,475,000 Robbins Subdivision Lot 117 aka 0674 Steamboat Boulevard – 5 Bedroom 6 Bath YOC 2007 with 7,305 SF Living Area on .60 AC Land. PPSF is $338.81.

11/7/2011 $1,850,000 Eagle Glen #1 Replat Lot 1, Eagleridge Lot 1, Block 4 aka 1451 Eagle Glen Drive – 4 Bedroom 5 Bath YOC 2004 with 4,741 SF Living Area on .31 AC Land. PPSF is $390.21

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Freddie Mac Launches Winter REO Sale which includes the Steamboat Springs real estate market

Thursday, November 17, 2011

HomeSteps, a Freddie Mac real estate sales unit, kicked off a sales promotion this week to unload some of its inventory of foreclosed homes in several cities which includes the Steamboat Springs real estate market

Its Winter Sales Promotion for owner-occupant buyers includes:

  • Paying up to 3 percent of the final sales price toward the buyer’s closing costs for initial offers received between Nov. 15 and Jan. 31, 2012. Escrow must be closed on or before March 15, 2012, to qualify.
  • Two-year Home Protect limited home warranty, which covers such things as the heating, air conditioning, electrical, plumbing, and other major systems and appliances. Home Protect also will offer a discount of up to 30 percent on the purchase of appliances. (For eligibility requirements, visit www.HomeSteps.com/smartbuy.)

For more information on the HomeSteps Winter Sales Promotion, visit www.HomeSteps.com or contact me.

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October Routt County Statistics for Steamboat Springs Real Estate

Thursday, November 10, 2011

October is a mixed bag for the Steamboat Springs real estate market: down slightly from last month in volume, and down even more in transactions - however, all of the difference is in Interval closings, which were significantly lower than last month.

The residential market had a consistent and strong showing with close to the same numbers as last month, and a predominance of residential trend points that were trending higher. Also, you’ll find several upper end residential closings which are noted below.

Bank sales were down tremendously, with only 6 in October as opposed to 18 in September..

Highest Priced Sale for October 2011:
10/27/2011 $3,375,000 Agate Creek Preserve Subdivision Lot 1 aka 35375 Humble Road – 5 Bedroom 5.5 Bath YOC 2004 with 8,137 SF Living Area. 7.57 AC Land Area. Price per square foot (PPSF) $414.77.

Highest PPSF for October 2011:
10/6/2011 $2,030,000 One Steambaot Place Condo @ Après Ski Way Condo Unit R-418 aka 2250 Après Ski Way – 4 Bedroom 4 Bath with 2,420 SF Living Area. PPSF is $838.84. This is a new construction sale that is located in the Steamboat Mountain Area.

Other sales over $1.5M:
10/12/2011 $2,155,000 Werner Ranch Subdivision #3 Lot 2 – aka 34225 State Highway 131 – 4 Bedroom 5 Bath YOC 2008 with 4,199 SF Living Area on 35.020 Acres of Land. PPSF is $513.22. This sale is located in the South Routt Area.

10/31/2011 $1,500,000 One Steamboat Place Condo @ Après Ski Way Condo Unit R-103 aka 2250 Après Ski Way – 4 Bedroom 4 Bath YOC 2009 with 2,384 SF Living Area. PPSF is $629.19. This is a new construction sale that is located in the Steamboat Mountain Area.

Contact me for more information.

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