|
|
Steamboat 360 |
Steamboat 700 |
|
Location |
Borders Steamboat II and Silver Spur’s Western edge |
Borders Silver Spur’s Eastern edge |
|
Access Road |
US HWY 40 and RCR 42 |
US HWY 40 and New Victory Parkway |
|
# Acres |
350 |
700 |
|
# Acres of Open Space |
140 |
221 |
|
# Projected Homes |
600-650 |
1800-2200 |
|
Project Mix |
Rental apartments, entry-level homes, Estate homes, shopping, restaurants, grocery store |
High density mixed residential, Village Center with shopping, restaurants, grocery store, school, fire station |
|
Major Hurdles: |
Not adjacent to City of Steamboat; some acreage outside the West of Steamboat Springs Area Plan (WSSAP) |
Didn’t get urban growth boundary enlarged to include 185 acres, so Steamboat 700 has been pared to 515 acres. |
|
Project Manager |
Tony Connell |
Danny Mulcahy |
|
Public Benefits |
60% Affordable Housing below 180% AMI 6 miles of trails Playing fields |
20% Deeded Afford Housing below 150% AMI 10 miles of trails Village Center |
|
Project Introduction Date |
May 2008 |
December 2007 |
|
Price Paid for Property |
$6,740,000 |
$24,600,000 |
|
How Far Along is the Project |
Early stages. Still working on Urban Growth Boundary extension. |
Pre-annexation approved; will submit petition and annexation application by Oct. 31, 2008 |
Steamboat residents either love or hate Steamboat 700 515. Steamboat 700 515 is the new development west of town that promises up to 2000 homes full time residents can actually afford to live in.
Steamboat 700 now has only 515 acres that can be developed into a planned community with small lots, if they get annexation approval. The other 185 acres that made up the 700 acres in Steamboat 700 was outside the Urban Growth Boundary.
Both the Steamboat City Council and the Routt County Commissioners needed to approve the UGB change before the other 185 acres could be considered for annexation into Steamboat. Although City Council approved the expansion, the County Commissioners denied the request. As it stands, those 185 acres can only be developed into five 35 acre parcels for now.
Besides Steamboat 700 515, there is another development, Steamboat 360, about a mile further down the road that is in the planning phase.
Both of these developments need approval by the City of Steamboat Springs and the Routt County Commissioners to go forward. Steamboat 700 is farther along in the process and close to annexation.
Read more Steamboat real estate news at Steamboathomesales.com
Hayden, Colorado is the new Routt County real estate hot spot this week as Steamboat luxury homes (which have been selling really well) take a breather.
Hayden properties are an affordable alternative to Steamboat Springs (Read 5 Reasons To Buy in Hayden here), but also are attractive to the oil and gas workers who work in Craig (25 miles west of Hayden).
40% of the homes sold this week were in Hayden, CO, and 42% of homes that went under contract are in Hayden.
Homes are selling for an average of 94% of list price, so there is room for negitiation if you are a buyer.
Would you like more information about the Steamboat real estate market? I’d be happy to answer your questions about Steamboat real estate and opportunities to buy in Routt County. Please call Eliese at (970) 819-6372 or email me.
Here are the details of the 22 Steamboat area homes and land parcels that sold or went under contract last week:
Steamboat Springs Real Estate Market Report August 25-31, 2008
|
Steamboat Springs RESIDENTIAL Real Estate- Sold |
|
Steamboat Springs Real Estate Summary Statistics |
||||
|
|
High |
Low |
Average |
Median |
|
List Price: |
$2,500,000 |
$145,000 |
$553,090 |
$333,400 |
|
Sold Price: |
$930,000 |
$130,000 |
$415,863 |
$302,500 |
| Steamboat Springs Development | ADDRESS | DOM | LP | SP |
| Hayden, Colorado single family | S SPRUCE ST. | 50 | $145,000 | $130,000 |
| Hayden, CO single family | E Jefferson Ave. | 86 | $160,000 | $151,000 |
| Hayden, CO Single Family | N Poplar Street | 84 | $184,900 | $173,500 |
| Hayden, CO Single Family | E JEFFERSON | 142 | $249,000 | $237,500 |
| Steamboat Mountain Condo
Ski Time Square |
Ski Time Sq Dr | 167 | $295,000 | $275,000 |
| Steamboat Mountain Area Condo
Ridgecrest Condo |
River Queen Lane #208 | 24 | $339,900 | $302,500 |
| North Routt Single Family
Elk Ridge Subdivision |
Owl Drive | 101 | $419,000 | $399,000 |
| Steamboat Mountain Area
River Place Subdivision |
Dougherty Rd | 164 | $499,000 | $466,000 |
| The Grand whole ownership
Grand Summit Resort Hotel (The Grand) |
Mt. Werner Circle | 95 | $700,000 | $660,000 |
| Steamboat Springs Townhome
Landings @ Steamboat |
Spinnaker Lane | 133 | $875,000 | $850,000 |
| Total Listings | Avg | Avg | Avg | |
| 10 | 104 | $386,680 | $364,450 |
|
Steamboat Springs RESIDENTIAL Real Estate - Pending |
| Develop | ADDRESS | DOM | LP | $/Tot Sq Ft |
| Hayden, CO single family
Golden Meadows Hayden |
Clover Cr. | 15 | $207,000 | $144.96 |
| Hayden, CO single family
Sagewood Development |
Honeysuckle Drive | 199 | $279,900 | $247.26 |
| Steamboat Mountain Area Townhome
Whistler Village Thm |
Sequoia Ct. Whistler Village Thms | 48 | $285,800 | $295.25 |
| Oak Creek, Colorado
James Add To Oak Creek |
S Arthur Street | 149 | $324,900 | $163.10 |
| Hayden, CO Single Family
Yampa View Estates |
Harvest Drive | 67 | $326,900 | $168.33 |
| Steamboat Springs Downtown Area
Highlands Subdivision |
The Boulevard | 148 | $599,000 | $330.39 |
| Steamboat Springs Single Family, Fishcreek Area
Alpine Acres |
Alpine Drive | 104 | $899,000 | $369.96 |
| Total Listings | Avg | Avg | Avg | |
| 7 | 104 | $417,500 | $245 |
Steamboat Springs Vacant Land Summary Report
|
Steamboat Springs Vacant LAND - Sold |
|
Steamboat Springs RESIDENTIAL Real Estate Summary Statistics |
||||
|
|
High |
Low |
Average |
Median |
|
List Price: |
$899,000 |
$145,000 |
$399,370 |
$324,900 |
|
Sold Price: |
$850,000 |
$130,000 |
$364,450 |
$288,750 |
| Legal Desc | DOM | LP | SP |
| Steamboat Springs Luxury Neighborhood
Dakota Ridge Subd. |
69 | $949,000 | $930,000 |
| Avg | Avg | Avg | |
| 69 | $949,000 | $930,000 |
|
Steamboat Springs VACANT LAND - Pending |
| Legal Desc | LP |
| Sidney Peak Ranch | $823,500 |
| Steamboat River Front Property
River Bank Ranches Subd |
$2,500,000 |
| Avg |
Steamboat Springs real estate is moving briskly--if you are buying or selling property over $4 million. Four Steamboat properties sold in July between $4,500,000 and $8,200,000.
7/31/2008 $8,200,000 South Routt Ranch
7/10/2008 $4,950,000 South Routt 77 acres vacant land
7/24/2008 $4,700,000 North Routt Area
7/ 3/2008 $4,500,000 Downtown Commercial and Restaurant
Since the beginning of the year, 42 Steamboat properties have sold or gone under contract over $2,000,000 for an average selling price of 92% of list price.
Steamboat Luxury Homes that have sold since January 2008 include:
| Develop | ADDRESS | LP | SP |
| North Routt Luxury Home | RCR 209 | $1,998,000 | $2,000,000 |
| Steamboat Ski-In, Ski-Out Condos
Christie Condos |
Ski Time Square Drive | $2,559,000 | $2,000,000 |
| Steamboat Single Family Mountain Area
Male Property Subdivision |
Glacier Ridge | $2,270,000 | $2,115,000 |
| Steamboat Ski In, Ski Out Duplex
Ski Trails Subd |
Poma Lane | $2,127,750 | $2,127,750 |
| Steamboat Ski In, Ski Out Duplex
Ski Trails Subd |
Ski Trail Lane | $2,395,000 | $2,235,000 |
| Steamboat Luxury Townhome
Stonewood@EagleRidge |
Eagle Glen Drive | $2,250,000 | $2,250,000 |
| Steamboat Luxury Home
The Sanctuary Subd |
Clearwater Trail | $2,960,000 | $2,425,000 |
| Steamboat Slopeside Ski-in, Ski-out
Antlers@Christies Base |
Ski Time Square Drive | $2,595,000 | $2,500,000 |
| Steamboat Golf Course Home | Redwoods Drive | $2,975,000 | $2,515,000 |
| Steamboat Golf Course Home | Inverness Way | $2,825,000 | $2,650,000 |
| Anglers Retreat | CREEL LANE | $1,809,858 | $2,975,533 |
| McGinnis Meadow | RCR 20 | $3,295,000 | $2,995,000 |
| Steamboat Springs Luxury Home | Golf View Way | $3,400,000 | $3,300,000 |
| Steamboat Single Family Luxury Home
Dakota Ridge Subdivision |
Aspen Ridge Rd. | $4,375,000 | $3,750,000 |
| Steamboat Luxury Home
Lake Catamount Cabins |
Lakeshore Trail | $3,900,000 | $3,918,940 |
| North Routt
Elk River Riverfront Estate |
RCR 54 | $4,700,000 | $4,700,000 |
| North Routt
Elk River Riverfront Estate |
RCR 54 | $4,990,000 | $4,700,000 |
| Steamboat Springs Luxury Home
The SanctuarySubd |
Heavenly View | $5,430,000 | $4,975,000 |
| Steamboat Springs Luxury Home
Agate Crk Preserve |
Sweetwater Drive | $5,850,000 | $5,250,000 |
| Steamboat Ski-in, Ski-out Duplex
SkiTrails Subd |
Ski Trail Lane | $5,850,000 | $5,308,200 |
| Steamboat Ski-In, Ski-Out Duplex
Ski Trails Subd |
Ski Trail Lane | $5,600,000 | $5,400,000 |
| South Valley Ranch
Henderson-Parke |
Henderson Park Road | $9,500,000 | $8,000,000 |
| South Valley Ranch | RCR 22 | $9,450,000 | $8,200,000 |
| Total Listings | Avg | Avg | |
| 23 | $4,048,026 | $3,751,757 |
Edgemont is one of the newest ski-in, ski-out properties in Steamboat Springs. The Selection Event where people picked which unit to buy happened way back in May. Since then, a lovely Steamboat summer has come and gone with only the one photo-op golden shovel of dirt being moved.
I was up there yesterday and there are construction vehicles at work.
Finally.
My buddy Dennis Rush, the Edgemont specialist my buyers and I work with, tells me they are currently installing the water and sewer. The building will go up slower than Trailhead Lodge in Wildhorse Meadows because the building will be concrete vs. the frame construction of Trailhead.
Edgemont sold about $45,000,000 worth of Steamboat real estate at their Selection Event in May, and units have been selling at about 1-2 a month all summer. Once the ski season starts and visitors increase, there will be fewer units to choose from as they sell out.
If you are interested in purchasing brand-new Steamboat ski-in, ski-out real estate, buy it now. Prices will continue to increase (Barn Village raised their land prices this week) as the project gets further along.
Call Eliese at (970) 819-6372 or email me for a registration packet. I’ll get you the remaining inventory and current price list so you can make your decision about which unit is best for you and your family or friends.
(Photo courtesy of Dennis Rush)
Routt County real estate is local. It’s so local that you need to look at Micro Markets to see what is going on. A Routt County micro market can be a type of real estate (condos) an area (Stagecoach) or even a neighborhood (Dakota Ridge). Here are some examples of how real estate is divided into micro markets:
What does that mean to a buyer thinking about purchasing Steamboat real estate?
Would you like to learn more about Steamboat real estate micro markets? Call Eliese at (970) 819-6372 for more details or to learn what properties are “hot buys”.
 |
|
|
Steamboat is a western world-class ski resort with limitless outdoor activities and a vibrant arts community. To learn more about buying or selling real estate in Steamboat, please call or email me
Steamboat Springs, CO is a world-class resort town with a friendly, western feel. Our ski mountain is one of the best in Colorado, and people love coming back here because we're a small town with a big heart! We have hot springs, bike paths, fine dining, cattle drives, and great schools. Steamboat is a real town, with real people, which is what people love about it.
If you're planning on buying real estate in Steamboat Springs, you are in luck! We are one of the least expensive (aka undervalued) resorts in the West. Intrawest bought our ski mountain in 2006 and has been making great changes on the mountain. Our base area has been scraped and will be re-built with a pedestrian-friendly village. We already have new lifts and better slopes. Our snow making is now state of the art, but we really don't need that, because our Champagne Powder is the best snow in Colorado!
If you are looking to purchase a second home, a Steamboat ski condo or townhome, investment property or a retirement home, you owe it to yourself to look at Steamboat.
And if you look at Steamboat real estate, you need to do it with a Realtor who knows the Steamboat market. I can help you find:
Steamboat Springs has been mentioned in the Wall Street Journal and Robb Report as being THE place to purchase real estate. Go to SteamboatHomeSales.com to read the articles and get TONS of information on Steamboat Springs real estate and community news.
I look forward to hearing from you!
Are you ready to start looking into Steamboat Springs real estate? Please call (970) 819-6372 or email me with your Steamboat real estate questions or to receive instant notifications. You'll get property information that fits your criteria as soon as it hits the market.
Buyers: Search all Steamboat Springs active listings here. Or contact us to schedule a time to view Steamboat real estate while you're in town.
I can help you with:
Steamboat Springs neighborhoods
All the Steamboat real estate new developments:
Fractional ownership at the Grand, Christie Club, and The Porches
"Thank you so much for all your hard work, you have been truly amazing".--Cheryl and Gary, Australia
"You do a great job!"--Robert, Texas
"We both want to express to you, how much we’ve enjoyed working with you. Your professionalism and expertise is the best we’ve experienced, ever, in real estate."--Rob and Julie, Denver
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved
