About Steamboat Springs' West Of Steamboat

Steamboat Springs Real Estate Profile: Heritage Park

Boundaries: Heritage Park is located about five miles west of Steamboat and is bordered by US 40, the Steamboat Golf Club, the Christian Heritage School and the Yampa River. Brandon Circle and Lindsay Drive loop through Heritage Park.

The Neighborhood: Heritage Park is a neighborhood with a sense of community. The families host a neighborhood Halloween trick or treat night and residents regularly are out in their yards or walking around Brandon Circle. Homes in Heritage Park are all less than 10 years old. The lots range from .18-.47 acres and most homes range from 2000-3000 square feet. Some homes along the outer edge of Brandon Circle overlook the Steamboat Golf Club and Yampa River.

Why it’s a Good Buy: Single Family homes feature hardwood and two car garages and are more affordable than living in Steamboat.

Average Sales Price: All homes currently listed for sale are $700,000+. Average home price increased 17% between 2006 and 2007.

Find out about more Steamboat Springs, CO neighborhoods at SteamboatHomeSales.com, or email Eliese to schedule a showing time for homes available in Heritage Park.

The Steamboat Springs Planning Commission voted, 4-1, to recommend approval of Elk River Village.

The approval came in spite of the the difficulty of pedestrian, bicycle and mass transit connections to the site on the north side of U.S. Highway 40, but pointed out the fact that the Yampa River Core Trail is less than a mile away via Curve Plaza on the south side of the highway, a good connections to the city's network of pedestrian and bicycle paths.

The Yampa Valley Housing Authority is seeking approval from the city of Steamboat Springs tonight for at least 34 deed restricted affordable housing units. Elk River Village could be built on just over 10 acres along Routt County Road 129 with the potential of 54 multifamily condos in four 12 unit buildings, one six unit building and an additional 13 single family lots for 900 square foot homes with the option to add decks, car ports and second levels.

Although Elk River Village is currently zoned for commercial uses, the developer will show the planning commission how this project will benefit the public and that it satisfies the requirements of 6 acres of open space and the minimum of 34 deed restricted units. Elk River Village also meets other goals; it's within a large number of employers in the area and walking distance to bus stops.

The number of deed restricted affordable units depends on the success of the Housing Authority putting together a finance package for the project. Depending on financing and construction costs, their goal is to have all units deed restricted. If everything proceeds in a positive direction, work could begin as soon as late summer early fall, structures ordered next winter and available for purchase in the summer of 2009.

Steamboat 700 is the new development in Steamboat Springs that could bring over 2000 homes to Steamboat over the next 20 years. Danny Mulcahy has been talking to groups about what is planned and how it’s going to affect Steamboat real estate. Here are some of the highlights:

• 81% of lots will be less than 8,000 square feet. “New Urbanism” is the buzzword for clustering homes and getting people to use sidewalks, not cars.
• There will (most likely) be a grocery store much to the relief of West Steamboat residents. It will be accessible from US 40 and not in the middle of Steamboat 700 to get the ‘roofs’ needed for success.
• Out of the 700 acres, over 200 will be open space. There are natural areas and parks clustered throughout Steamboat 700. (Out of the 700, only 360 acres are buildable.)
• There will be ten miles of trails for biking and hiking. The trails will connect into Steamboat’s Core Trail system for access to town.
• Public services could include fire, police, and possibly a school and medical “quick care” clinic. Steamboat 700 has included 9 acres for these services, but there is a 34 acre parcel very close to Steamboat 700 that could be used for a school. That decision is a long way from being made.
• Annexation is on track and will most likely be done this year.
• As soon as the property is annexed, development will start. Victory Parkway will be the main road.
• There will be a 1% transfer fee on all sales to go toward affordable housing.
• Real estate speculation will be kept to a minimum if Mulcahy can do anything about it! Don’t plan on getting rich quick on the lots.