Saturday, August 10, 2013
Steamboat Springs is a family friendly town resulting in a demand for rentals with 5 or more bedrooms according to Michael at Steamboatescapes.com .
If you have a large family, lots of friends, or travel in groups, then you have probably run up against the challenge to find a place with quality finishes and great location offering a shuttle to the slopes that won’t break the bank.
The fee charged for rentals can be a sticker shock because the cost to puchase 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.
Come 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, call Dean at 970-846-8284
Dean Laird - Broker/Owner
Colorado Group Realty
Thursday, June 20, 2013
Graystone on the Green is 17 single family lots overlooking the Yampa Valley with views east to Steamboat Ski area, south to the Flattops, west to downtown Steamboat Springs, Emerald Mountain and Sleeping Giant, and north to Fish Creek Canyon. A pinnacle property located just above the Clubhouse of the Rollingstone Ranch Golf Course.
Friday, May 10, 2013
The Barn Village at Steamboat is less than 1 mile from the Steamboat Ski Area features single-family and duplex lots in a family friendly neighborhood near shopping, restaurants, movie theater and Stings on the Mountains. Out of 41 acres, 25% is open space including a 4 acre public park, the neighborhood borders Fish Creek. Amenities include a clubhouse complete with pool, hot tub, ﬁtness room and kids recreation room. Prices are starting at $138,995. Home Owners and Design Guidelines provided upon request by contacting Dean at 970-846-8284.
Sunday, December 23, 2012
Trailhead auction 2nd round for real esate in Steamboat Springs proved to be a success with all but 5 condos going under contract at the auction. Post auction there are three, 2 bed/ 2bath condos, 2 One + Dens and One studio left to sell. Out of the 3 - two bed condos, one is going under contract as of Friday the 21st of December. There are just 5 condos and no townhomes currently listed as bank owned (REO in Steamboat as of today, concurring with the article in the Steamboat Pilot
Trailhead auction nearly clears out the distressed inventory.
For more information on the post auction Trailhead at Wildhorse condominium inventory or other condos and townhomes in Steamboat Springs, contact Dean, your local source for real estate in Steamboat Springs. Dean Laird Broker/Owner Colorado Group Realty 970-846-8284
Sunday, December 9, 2012See more details about Wildhorse
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. 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.See more details about Wildhorse
Thursday, September 13, 2012
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. The West Phoenix 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
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.
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
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!
Ski Country Lodge, a new Steamboat Springs condominium development proposed near the slopes of Steamboat Ski Resort
Monday, September 10, 2012
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).