Foreclosure sale of One Steamboat Place delayed for 6th time
Thursday, June 16, 2011See more details about One Steamboat Place
The Steamboat Pilot reports that the scheduled foreclosure sale of the remaining unsold luxury condominium units at One Steamboat Place has been postponed for the sixth time, this time until June 29. One Steamboat Place has continued to operate as a resort lodging property for both owners and guests, and was busy throughout the 2010-11 ski season. The managers of the property say it has a strong homeowners association. David Burden of Timbers Resorts, which led the construction and continues to manage the property, said last year
I’m positive we’re working this out. My partners are willing to invest many (additional) millions, but only on certain terms. … We’re very confident we’ll get this loan restructured
Routt County Public Trustee Jeanne Whiddon said Wednesday that in theory, the series of postponed sale dates could stretch into next year. The deadline for the lenders to either withdraw their notice of election demand, which constitutes a foreclosure filing, or take the property through to a foreclosure sale is March 16, 2012. Sales since November have reduced the outstanding balance on the construction loan to less than $100 million. The last developer’s sale at One Steamboat Place was recorded on April 8.See more details about One Steamboat Place
New sales incentive for Bear Lodge at Trappeur’s Crossing
Friday, June 10, 2011See more details about Lodge
See more details about Trappeurs Crossing
To jump-start the summer, [tag]Bear Lodge[/tag] at [tag]Trappeur’s Crossing[/tag]is offering a new promotion! In addition to the 25% off, they are offering 3 years paid homeowner association dues at closing to the next buyer. Remember, Bear Lodge is the only new development that is 80% sold out! The developer is debt free, the model unit is open every day and the amenity package is unlike anywhere else in town. The remaining availability and pricing on the remaining 7 developer units can be found here Contact me to view these properties.See more details about Lodge
See more details about Trappeurs Crossing
Update on sales progress for First Tracks at Wildhorse MeadowsSee more details about Wildhorse
As of Friday, May 27th, the 31st residence in [tag]First Tracks[/tag] at [tag]Wildhorse Meadows[/tag] has closed. In addition, another 2 bedroom is under contract and is slated to close July 7th. The remaining availability and pricing can be found here.See more details about Wildhorse
Edgemont’s Current Financial Condition
Thursday, June 9, 2011See more details about Edgemont
[tag]Edgemont[/tag] has $7M in outstanding debt that will be paid in full by May 2011. It’s over 50% sold, with 18 condos remaining. 70% of the original contract holders (back in 2007) closed, which underscores the viability of the project. Edgemont is not holding any contracts back as “potential sales” which could skew the numbers; the ones that didn’t close are back on the market and ready for new buyers.See more details about Edgemont
New Edgemont Price ListSee more details about Edgemont
Pricing for the remaining fifteen residences at [tag]Edgemont[/tag] as of April 22, 2011 are here. Some things to note:
- 2 Bedroom Units: The remainder of our two bedroom units have been reduced up to $275,000 from winter pricing and residences (#2306 & #2403) are now priced just under $1 million at $995,000.
- 3 Bedroom Units: #2402, #2408, #2502 and #2608 have each been reduced between $50,000 and $90,000.
In addition to the release of this new pricing, Edgemont is excited to announce the Spring/Summer 2011 Sales Program – NO OWNERSHIP COSTS UNTIL SKI SEASON 2011/2012 BEGINS! This means HOA Dues, Property Taxes & Electricity will be paid by the developers while you are sunbathing at the Edgemont pool this summer! On another note, Edgemont has had a few interested buyers inquire about [tag]partnership[/tag] opportunities for both usage and financial reasons. If you are interested in joining another family in ownership at Edgemont, please contact me, and I will be happy to help facilitate the discussion.See more details about Edgemont
One Steamboat Place Guest Visit Program
Saturday, June 4, 2011See more details about One Steamboat Place
Summertime in Steamboat Springs After a tremendous winter ski season and extended thaw, summer is finally right around the corner. As the snow melts, the trees are budding, flowers are blooming and a gorgeous carpet of lush emerald green is beginning to cover the surrounding valley. There’s really nothing like summers in Steamboat Springs. The options of things to do are endless! Whether you prefer scenic hikes, tubing down the Yampa, mountain biking, golf, fishing or great music and arts……Steamboat has something for everyone. Some great summer events to look forward to: · Steamboat Springs Pro Rodeo Series · Steamboat Marathon, Half Marathon and 10K · Steamboat Cowboy’s Roundup Days and 4th of July Celebration · Hot Air Balloon Rodeo and Art in the Park · Steamboat Wine Festival · Wild West Air Fest · Strings Music Festival · Rocky Mountain Mustang Roundup One Steamboat Place is not only the most convenient and ideal location for accessing the ski slopes, but also the perfect summer setting as well. Nestled in the mountain village where Mt. Werner is our Owner’s backyard playground, One Steamboat Place is steps from shopping, dining options and endless recreational opportunities. If you are considering spending some time this summer in Steamboat Springs to continue exploring the possibilities of a Steamboat home away from home, come and enjoy the most luxurious residences in Steamboat Springs…. Our Guest Visit Program is an amazing opportunity for you to experience One Steamboat Place first hand. Details of the summer program have been released. Contact me today for information and availability.See more details about One Steamboat Place
Its all about timing, time to watch the 3 & 4 bedroom ski-in condo market in Steamboat
Sunday, March 6, 2011See more details about Torian Creekside
If I were a betting man and willing to pick a niche market where Steamboat has rounded the corner and say with some confidence that we have hit bottom: ski-in, 3-bedroom condos with newer finishes for under $1 million would be my 1st pick. Torian Creekside is one property in this category. The best deals remaining there have a northeast view of the Steamboat Ski area. Absolutely fabulous views for now, but keep in mind a future development may get in the way of the view. Also, most of Torian Creekside residences built in 1999 could use some upgrading. Units 212, 312 and 418 have tile counters and cooks don’t like grout lines and ceramic tile counters. Replacing with granite or other solid surface such as quartz is a must. When the market rebounds in combination with a revitalized Ski Time Square, these are deals to watch from $650,000 to $1 million range. Look past the Chateaux Chamonix check-in area which needs a bit of freshness and this property offers some options at or just slightly above the $1 million mark. 3 bedroom luxury condos in the C building range from just under $1m to $1.2m. If you can afford more, now is the time to consider new construction while the deal is still on the table. Edgemont recently advertised 30% off the first 3 deals and they all sold. Then they offered 25% off the next 3 deals and those all sold. Now Edgemont is offering 20% off next 3. According to their sales staff one 3-bedroom is going under contract today. Prices reflect a discount off their pre-construction prices from 2007-08. Views, ski to the door, soak in the pool with one of the best views in the world, convenient, true ski-in/ski-out access to make shuffling the kids easier, this project lives up to its price with quality at around the $1.5 million mark. If you don’t mind crossing one road to the slopes and looking for a bank owned real estate deal tax assessment value at around $2 million and newly listed at $794,000 you better hurry. Highmark at Steamboat is selling fast. I called today for an update to find out that 3 of the residences listed at bargain prices had offers submitted. For more information on ski-in/ski-out condos, rental incomes and better values, Contact: Dean Laird Broker/Owner Colorado Group Realty 970-846-8284 Dean@mybrokers.comSee more details about Torian Creekside
One Steamboat Place and bank owned, ski in real estate
Thursday, March 3, 2011See more details about One Steamboat Place
Looking for a deal on the highest quality [tag]luxury ski-in condo Steamboat[/tag] has to offer? You’ll want to watch the progress on [tag]One Steamboat Place[/tag] which is currently making news. Steamboat Today reports:
$100 million in unpaid construction debt at One Steamboat Place is two weeks away, and the deadline has passed for the original investors to cure or redeem the matter.
The article further states that
One Steamboat Place has been vibrant this winter even with the overlying challenge we’ve been dealing with.
I can echo that comment as I have several clients with interest in fractional and full ownership at [tag]One Steamboat Place[/tag]. Currently there are no active listings on the [tag]Steamboat Springs MLS[/tag]. I believe the developers of [tag]One Steamboat Place[/tag] is having trouble negotiating their debt because there are 7 construction lenders, some who jumped into the hype of our bustling market in 2006-07 without any experience in resort properties, and are now wondering what they should do. If the 2 equity investors and 7 construction lenders could all see eye-to-eye and had allowed the sales team to make some deals as the market soured, they wouldn’t be in this position. More than a year ago I presented an offer to them for a 3-bedroom whole ownership. The developer would have liked to make the deal, but per the sales representative for Timber Resorts, the banks were not allowing the discount. This has been a typical process since the start of the national real estate decline several year ago; why can’t they learn from others’ past experience? [tag]Wildhorse[/tag] lenders should take note! Buyers out there are looking for deals - take a cut out of the boat’s bottom without puncturing the hull and the boat still floats! [tag]Steamboat’s luxury development[/tag] [tag]Highmark[/tag] had several distressed or bank-owned listings all of which have sold. Buyers with cash who have been watching our market for the past 2 years are jumping at the opportunity to scoop up the deals as soon as they hit the market. I’m currently in negotiations on 2 [tag]bank-owned properties[/tag] and both are in multiple offer situations. Since January I’ve presented over 10 offers for buyers on various [tag]bank owned properties[/tag] and all have either sold or are under contract. I’ll continue to keep an eye on One Steamboat Place. Feel free to give me call to talk more about our ski in ski out real estate offerings. Or check out my Ski condo website. Dean Laird Broker/Owner Colorado Group Realty 870-846-8284 Office at the base of the mountain, specializing in mountain area real estateSee more details about One Steamboat Place