Steamboat Springs Trailhead Lodge Auction December 15th, 2012

Sunday, December 9, 2012

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Steamboat Springs skiing, is just a step out the front door and a quick gondola ride that takes you to the base of the Steamboat Ski Area. Trailhead Lodge are elegantly decorated condominiums feature hardwood flooring, granite counters, large decks offering spectacular views of the Steamboat Ski Area and Yampa Valley. trailheadlodge-kitchen.jpg What’s Cooking at Trailhead Lodge Trailhead Lodge auction is coming up quickly December 15th, 2012. New pricing for Trailhead Lodge at Wildhorse Meadows offers an attractive deal for luxury condos in Steamboat Springs . Newly constructed, fully-furnished condos minimum bids are over 75% off of pre-construction pricing in 2007. A one bedroom + Den with spectacular views of Steamboat Ski Area minimum bid at the auction is $175,000. This is down from the original list price of $815,000 in 2007. Estimated 2012 property taxes for the same unit is $2349 and projected gross rental income information provided by Steamboat Resorts is over $29,000 per year. [*]*Auction day is Saturday, December 15, 2012 at 1pm and will last approximately 1 1/2 hours.] [*]*Home warranty plan. Seller will provide a 14 month home warranty. [*]*Bidders must provide a cashier’s check in the amount of $2,500. [*]*All sales must close on or before January 29th, 2013, (45 days after the auction). [/list] You can bid on line or I can bid for you. There is no fee to you if I represent you, so call me for the inside scoop. SkiCondos4Sale.com or call Dean Laird, Colorado Group Realty 970-846-8284.

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Face-lifts to Steamboat Condos The West, Phoenix and Kutuk raise real estate value

Thursday, September 13, 2012

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Renovation on several condominiums near the slopes of Steamboat ski resort should result in higher prices for sellers as this market continues to turn. The West condos removed the exterior siding and trim on all residential buildings and installed new building wrap material to help reduce moisture and air infiltration. Completing the new look is new stained cedar siding and trim. The West also updated all stair towers, put in a new “addressable” fire safety system, new railings, and new patios. Add upgrades to the wiring, sewer and other common area maintenance areas and the place is like new. The Phoenix condominiums and the Kutuk condos followed suit with compete exterior remodels in the works or recently completed. Some of the advertised prices don’t include the special assessment and that assessment can be significant. west.jpg The West phoenix.jpg Phoenix kutuk.jpg Kutuk Most Home Owner Association (HOA) docs are easily accessible online, if you have any questions about the status of an association, what assessments are planned, what’s done, and what to watch for, don’t hesitate to call me at 970-846-8284 Dean Laird Broker/Owner Colorado Group Realty

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Ski in to Poolside at Edgemont in Steamboat Springs

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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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Ski Country Lodge, a new Steamboat Springs condominium development proposed near the slopes of Steamboat Ski Resort

Monday, September 10, 2012

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New construction near the slopes of Steamboat Ski Resort approaches a final development plan. Ski Country Lodge, a proposed 120 feet tall, eight story building is raising some opposition. The new building located at the intersection of Burgess Creek Road and Storm Meadows drive adjacent to Kutuk condos and down the hill from Bronze Tree Condos is designed to feature 74 condominiums offering 2 to 4 bedrooms. The development plan proposes a total residential square footage of 138,362 and according to the Steamboat Pilot, cost estimates at $40,000,000 to demolish the existing building and rebuild. Add $11.5 million the developer paid for the land, cost to develop the project add up to about $374/SqFt. Recent sales of newer luxury condos such as Edgemont have been selling for $600-$700 per square foot and One Steamboat Place from $673 to $948 per Square foot. It looks as though this project has potential for the developer as long as city council finds that the plan conforms with the community plan, mountain base area design standards and other criteria in the concepeptual development plan (CDC). ski-country-lodge-rendering.jpg ski-country-lodge-location.jpg ski-country-lodge-siteplan.jpg

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Real estate sale -Steamboat auction of Trailhead at Wildhorse luxury condominiums

Wednesday, April 4, 2012

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Steamboat 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.

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Another Olympian in downtown Steamboat Springs under contract

Thursday, September 15, 2011

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olympian_203.jpg Unit #203 at the Olympian has recently gone under contract as buyers continue to find this location and project an excellent real estate choice for downtown Steamboat Springs living. The project offers extremely low HOA dues (which include heat) and worry free living and is only 1 unit away from the halfway point in sales. This is a prime downtown location with restaurants, shopping, hiking, biking, fishing and more only steps from your front door. Contact me for more information.

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One Steamboat Place enjoys record real estate closings

Monday, September 12, 2011

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In the last few weeks new pricing and financing have resulted in closed sales 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 slopeside at the gondola, One Steamboat Place’s convenient setting enables Owners to step out of their slippers and into their ski boots for a fun-filled day on the mountain. one_steamboat_place_ideus_art.jpg. Uniquely residential yet rich with five-star services and amenities, there is a sensational spa; wine cellar; a fitness and wellness center; valets for cars, bikes and skis; and fabulous mountain view dining at the Truffle Pig. Best of all, with ownership comes worldwide access to the incredible Timbers Resorts 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 Steamboat real estate

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Mountain home sales down so says the Denver Post

Saturday, September 10, 2011

I was reading the The Denver Post article a couple weeks back and was surprised to see my Dad’s company sign front and center under the caption

Sales of Colorado mountain-resort homes in July lowest in years

Really? It sure didn’t feel that way to me! I had this plan to work less and play more this summer; mountain biking, fly fishing and camping with my wife and 4 year old son. But there’s been precious little time for that. steamboat-springs-colorado-camping.jpg However, as the proverb advises, when the sun is shining, it’s time to make hay. We did sneak a few fun days in because Steamboat was just to beautiful to pass up!. This was the busiest summer I’ve had for sales since mid 2007 and I’m very thankful to everyone that trusted me with their real estate transactions this year, 2008 and 2009 were tough years to be in the Steamboat Real Estate business. The pulse now? Busy! Stan from Land Title was mostly accurate in his statement that

Most of these homes are second homes, and banks just are not lending.

However, that depends on the buyer. Lending standards are much stricter but not lending needs some clarification because out of 16 sales for me this year so far (4 of those currently pending), half of them had a lender, 3 were 100% financing utilizing the USDA home loan programs, 2 were seller financed and the other 3 were conventional loans with 20% or more down. My recent sale was a 2 bed condo and the buyer got a loan from a local bank. You’ll hear that banks are not lending on condos, but you just have to know where to shop and be prepared to jump though some hoops. Do you have income and good credit? Give me a call or email me and I’ll help point you in the right direction to find some money to buy real estate. Reading between the lines in the article above

Prices of Colorado mountain-resort homes in July lowest in years

- the deals are selling cash or credit. Watch SteamboatResortProperty.com and other great values for Steamboat Springs real estate.

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