8 condos with 2 or more bedrooms left to buy in Steamboat Springs

Saturday, November 2, 2013

Steamboat condos shadow runWhat’s affordable for a condo in Steamboat with 2 or more bedrooms?  The real estate market for older 2 bedroom condos has been pretty soft until just recently. Since November 1st 2012, we have seen 25 sales for condos in Steamboat with 2 or more bedrooms sell and as of the date of this Steamboat real estate blog, there only 8 on the market. 

The best deal at Walton Creek is now under contract, so the next best deal per price per square foot, nicer finishes, near the mountain and on the city bus route suitable for both nightly and long term rentals is located at Shadow Run for $174,900 at just $150/SF.

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

Saturday, August 10, 2013

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

 

 

 

 

 

Ski in to Poolside at Edgemont in Steamboat Springs

Thursday, September 13, 2012

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!

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

Sunday, February 19, 2012

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

Saturday, January 21, 2012

Planning to vacation in [tag]Steamboat[/tag] soon? Our local management companies such as [tag]Steamboat Resorts[/tag] and [tag]Resort Quest[/tag] 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 [tag]rental income[/tag] 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 [tag]condo[/tag] and [tag]home[/tag] [tag]rentals[/tag]. 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 [tag]Steamboat Springs real estate[/tag] 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

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

Friday, January 6, 2012

Deals at [tag]Highmark[/tag] [tag]Steamboat Springs[/tag] and [tag]Trappeur’s Crossing[/tag] Condominiums in the [tag]Steamboat Springs real estate[/tag] market were snatched up at nearly half the price/sq.ft. of other [tag]ski-in/ski-out[/tag] real estate developments such as [tag]One Steamboat Place[/tag] and [tag]Edgemont[/tag]. 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 [tag]Timberline[/tag], [tag]Champagne[/tag], [tag]Aspen[/tag], [tag]Emerald[/tag] and [tag]Bear Lodge[/tag], 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 [tag]distressed[/tag]. 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 [tag]Trailhead at Wildhorse[/tag] at about 50% off original list price, [tag]Eagleridge[/tag] selling well below 2007 pricing and we’re beginning to see some better deals at [tag]Chateau Chamonix[/tag].

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

Thursday, December 22, 2011

November was a great month for the [tag]Steamboat Springs real estate[/tag] 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 [tag]residential[/tag] 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.

[tag]Bank sales[/tag] are also up this month with a total of 15.

Sales over $1.5M:

11/29/2011 $2,475,000 [tag]Robbins[/tag] 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, [tag]Eagleridge[/tag] 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

Trailhead Lodge releases winter 2011-2012 price list with huge reductions in the Steamboat Springs real estate market

Saturday, November 19, 2011

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trailhead_lodge_winter_2011-2012_price_list.jpg [tag]Trailhead Lodge[/tag] releases winter 2011-2012 price list with huge reductions in the [tag]Steamboat Springs real estate[/tag] market. Some of these units have discounts greater than 50%! The snow is flying here at the [tag]Steamboat Ski Area[/tag] and opening is a few days away, so now is the time to snap up the current bargains. Contact me for more information.

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