Ski in to Poolside at Edgemont in Steamboat Springs
Thursday, September 13, 2012
See more details about EdgemontEdgemont 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. 
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. 
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. 
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. 
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. 
Bring the kids!
See more details about EdgemontReal estate sale -Steamboat auction of Trailhead at Wildhorse luxury condominiums
Wednesday, April 4, 2012
See more details about WildhorseSee more details about Trailhead at WildhorseSteamboat auction of Trailhead condos - fire sale pricing. A 3 bedroom residence originally advertised at $1,600,000 was just advertised at $425,000. Sounds too good to be true? It might very well be! $425,000 is the minimum bid price, but it’s not the reserve price ( “unpublished” price determined by the seller) Make sure you read the fine print. This is a good example of why you should be represented by a Real Estate Agent when deciding if this opportunity is for you. As stated in Trailhead Auction Brochure by Kennedy Wilson:
The list price is the opening bid for Auction Day: Sunday, May 6th. All residences including unit 4104, 3 bed, 3 bath, 1544 sq ft unit advertised at $425,000 “have an “unpublished” reserve price, which means that the seller has established an “unpublished” minimum selling price. The Starting Bid is not the reserve price. The highest bid is subject to acceptance by the seller. All offers are subject to Seller’s acceptance and will not be reviewed prior to auction date:5/6/2012 The builder reserves the right to modify features, plans, specifications, and materials without notice The square footage shown is approximate and is not based upon the dimensions shown in the condominium plan and does not reflect the usable square footage of the interior ares of a unit. It is the responsibility of all prospective buyers to inspect the residences prior to the auction and satisfy themselves as to their physical condition Purchasers will become members of the Trailhead Lodge Homeowners association and Wildhorse Meadows Master Association.
Auction preview is open daily from 11AM to 6PM Auction Day Sunday May 6th, 2012 1PM at Denver Marriott City Center. Bidders are advised to arrive no later than noon. Auction Seminar Sunday April 29 at 1PM
The HOA (Home owners association) costs include an outdoor heated pool, several hot tubs, athletic facilities and a gondola. How will these costs and other land transfers effect the monthly HOA cost and what is the history? Call Dean Laird to register for the auction 970-846-8284 or contact me.
See more details about WildhorseSee more details about Trailhead at WildhorseSteamboat 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
Condo buying season in Steamboat Springs is here! Ski-in convenience with walk-to-ski value; rent your real estate to defray costs
Friday, October 14, 2011
See more details about LodgeSee more details about PhoenixSee more details about WestSee more details about Trappeurs CrossingI often am asked which condos rent the best in the [tag]Steamboat Springs real estate[/tag] market. This is usually answered simply and overwhelmingly with [tag]ski-in ski-out[/tag]. However, rental income for a [tag]ski-in[/tag] [tag]condo[/tag] will vary depending on the condition of the residence. A newer or recently renovated condo within walking distance to Steamboat skiing will cost much less and see higher rental revenues than a fixer-upper ski-in condo. I’ve had a couple of owners of [tag]slope-side[/tag] condos recently state they barely covered their home owner association (HOA) and resort management fees last two seasons. This is due in part to the slow economy and increased inventory from a building boom in 2007, but is also due to the price point and the condo rating. Price conscious travelers in many instances are opting for a [tag]Trappeurs[/tag] condo, such as [tag]Emerald[/tag] or [tag]Bear Lodge[/tag], because they can get higher quality and another bedroom for the same price. Bear Lodge is about 2 blocks East of [tag]Gondola Square[/tag]. At times, a 3 bedroom will rival the rental price of a 2 bed ski-in. Patio units with private hot tubs are popular as well. The quality finishes and convenient amenities like pools, hot tubs and fitness rooms add value. Many travelers will choose to walk a block to skiing for a 4 star or A-rated experience. A trend we are seeing near the slopes is older buildings taking on a new look. The [tag]West[/tag] and The [tag]Phoenix[/tag], both within walking distance to the slopes, have beautiful new exteriors. The assessments were steep, but the payoff of the HOA special assessment (if not paid by seller already) can always be negotiated in a contract to purchase. For example, many condominiums at the West could use kitchen upgrades to boost rental demand; regardless, a studio condo netted an income after HOA fees, management fees and taxes. Depending on your personal use, its typical to see rental incomes offset those carrying costs before your debt service. Prices are around 20 to 40% off our high sales in 2007. Several condominium developments within walking distance to Steamboat’s Gondola Square and ski slopes are worth investigating before the winter sales season because they may be new, newly renovated or show consistent rental revenue from good management and marketing. Under $500,000 look to are The West, Phoenix and [tag]The Lodge at Steamboat[/tag]. Over $500,000 but under $1,000,000, and for more bedrooms, look to Emerald or Bear Lodge at Trappeurs. If you don’t mind a short walk to the slopes and rental income is important to you, look past the slopes and you will certainly find more bang for your buck without sacrificing convenience. Contact me for more information today.
See more details about LodgeSee more details about PhoenixSee more details about WestSee more details about Trappeurs CrossingFree Furniture for Next Edgemont Sale!
Wednesday, October 5, 2011
See more details about EdgemontTHE NEXT 2 BEDROOM RESIDENCE AT [tag]EDGEMONT[/tag] TO GO UNDER CONTRACT, BEFORE NOVEMBER 15th, WILL COME FULLY FURNISHED! At your choice, the developer will either deliver the [tag]real estate[/tag] fully furnished or give a $50,000 allowance towards a furniture package at closing. Your [tag]ski-in[/tag] / [tag]ski-out[/tag] [tag]Steamboat Springs[/tag] residence will be prepared in time for the New Year so all you need to worry about is what your are going to do during your trip to Steamboat.
See more details about EdgemontOne Steamboat Place enjoys record real estate closings
Monday, September 12, 2011
See more details about One Steamboat PlaceIn the last few weeks [tag]new pricing[/tag] and financing have resulted in [tag]closed sales[/tag] totaling $9 million. Another $8.9 million in sales are under contract and pending closing, and a large number more are in active negotiations! Located [tag]slopeside[/tag] at the [tag]gondola[/tag], [tag]One Steamboat Place[/tag]’s convenient setting enables Owners to step out of their slippers and into their ski boots for a fun-filled day on the mountain. 
. Uniquely residential yet rich with five-star services and amenities, there is a sensational [tag]spa[/tag]; [tag]wine cellar[/tag]; a fitness and wellness center; valets for cars, bikes and skis; and fabulous mountain view dining at the [tag]Truffle Pig[/tag]. Best of all, with ownership comes worldwide access to the incredible [tag]Timbers Resorts[/tag] portfolio of properties. Here is a snapshot of the offerings at One Steamboat Place:
- Summit Club Memberships, $70,000
- Three-Bedroom Interests, $220,000
- Four-Bedroom Interests, $330,000
- Whole Ownership, $1,395,000 to $3,495,000
Contact me for more information on these exciting opportunities to own [tag]Steamboat real estate[/tag]
See more details about One Steamboat PlaceOne Steamboat Place restructures debt
Tuesday, July 26, 2011
See more details about One Steamboat PlaceThe Steamboat Pilot reports that the cloud of a [tag]foreclosure[/tag] filing by a consortium of seven lending banks has been removed and that [tag]Timbers Resorts[/tag] can begin closing some pending contracts and pursuing new sales at reduced prices. This bodes well for [tag]steamboat real estate[/tag] property. Timbers Resorts CEO David Burden said
We and our investor group have made significant multimillion-dollar capital contributions to continue our forward momentum, as well as arranged financing for prospective owners at [tag]One Steamboat Place[/tag]. With this loan restructure completed, the banks are now fully behind One Steamboat Place. The terms of the modified loan, along with additional capital invested from our partners, have provided a very solid footing for the continued sellout of the remaining units in the project. The original motion for foreclosure that had been made by the banks was not the result of poor performance at One Steamboat Place.
One Steamboat Place broke ground in late summer 2007 and continued construction through a record snow winter. It posted $15.25 million in sales during its first round of closings in November 2009. The project includes 80 large condominiums with 38 whole-ownership vacation homes among them.
See more details about One Steamboat PlaceCatamount memberships on sale
Wednesday, July 13, 2011
There are currently great membership deals at [tag]Catamount[/tag] and current dues are about 50% of last years dues! The membership deposit for a full Premier Membership ([tag]golf[/tag] & [tag]lake[/tag] privileges) is $42,500. Lake membership deposits are $15,000. Dues for both memberships will be prorated to the date you join. Annual dues for the Premier membership are $8,260 and are $4,130 for Lake Membership. This is a significant savings over previous years pricing! About half.
