Edgemont Announces New Pricing AND New Townhomes for 2012
December 14, 2011
Edgemont Ski In, Ski Out Condos
Edgemont ski-in, ski-out condos in Steamboat Springs has lowered prices and announced the second phase of four townhomes for the 2012 ski season.
Edgemont has 39 luxury residences–25 have sold and one is under contract. The largest condos have sold although there are a nice selection of 2- and 3-bedroom condos still available.
See the remaining Edgemont condos for sale here.
Buyers looking for a 4-5 bedroom luxury residence can pre-purchase a new Edgemont Townhome. The new Edgemont townhomes will have the same features and finishes you’ll see in the condos.
Edgemont Townhomes Now on Sale
For investors, Edgemont has some of the best rental revenues for ski-in, ski-out properties. Contact us for rental information.
Edgemont has long-term financing for qualified buyers, so you won’t have any condo-tel financing hassles.
HOAs at Edgemont include everything but your electric and property taxes, and owners can have pets.
Call us at 970-819-6372 and see why Edgemont is Steamboat’s best-selling luxury ski in, ski out condominiums!
Edgemont Pool
Trailhead Lodge at Wildhorse Meadows Now 40-50% Off Original Pricing
December 13, 2011
Trailhead Lodge Condos
Trailhead Lodge at Wildhorse Meadows are the brand-new, furnished, high-end condos with its own gondola to the base area. And now, Trailhead Lodge is back on sale for 40-50% off the original prices.
See Trailhead Lodge pricing and availability here.
Trailhead Lodge originally pre-sold 70% of their condos at the absolute market peak in 2007. Buyers lined up willing to pay over $1M for a 2 bedroom condo thinking they’d flip it when the building was finished and make a pile of cash.
We all know how that story ended.
Trailhead Lodge rented well last winter, but none of the condos sold because of the high prices. The remaining inventory was sold to a new investor and buyers are now able to purchase these brand-new, furnished condos at a fraction of the original price.
Several went under contract the first week they were re-introduced, and 2012 should see more buyers at Trailhead who want to purchase a new condo in Steamboat for prices as low as $220,000 for a studio and $500,000-ish for a 2 bedroom.
Call us at 970-819-6372 for current availability, or see what’s for sale at Trailhead here. (Not all the available condos are listed, so call or email if you want to see the full inventory list.)
Trailhead Lodge fire pit
Wildhorse Meadows gondola
Game Room at Trailhead Lodge condos
Fitness Area at Trailhead Lodge
Trailhead Lodge with grotto hot tubs and pool
Steamboat Condo Sales for October 2011
November 7, 2011
Highmark Condos and Steamboat Ski Area
Over $10.5M of Steamboat condominiums changed ownership in October 2011. The list to sold price ratio averaged 90%, meaning most buyers were getting an average of 10% off the list price. The Victoria and The Dulany saw the most discounting while other Steamboat condos sold for over the asking price. (There is only one 2 bedroom left at The Victoria, and in my opinion, is one of the best deals available downtown.)
Search all Steamboat condos for sale here.
| Type | Asking Price | Sold Price | List to Sold Ratio | Development | Address | # BR |
| Steamboat Townhouse | $308,000 | $308,000 | 100% | Longview | 477 Parkview Drive | Three |
| Steamboat Townhouse | $129,000 | $129,000 | 100% | Whistler Village Thm | 31 Cypress Ct. | Two |
| Steamboat Townhouse | $129,900 | $129,900 | 100% | Whistler Village Thm | 20 Sequoia Court | Two |
| Steamboat Townhouse | $210,000 | $197,500 | 94% | Chinook Townhomes @ Walton Village | 3100 Chinook Lane #6 | Two |
| Steamboat Townhouse | $209,000 | $202,000 | 97% | Chinook Townhomes @ Walton Village | 3100 Chinook Lane #3 | Two |
| Steamboat Townhouse | $356,000 | $322,000 | 90% | Ski Ranches Subdivision | 2767 Laurel Lane | Three Plus |
| Steamboat Townhouse | $645,000 | $635,000 | 98% | Cornerstone | 1571 Moraine Circle | Three |
| Steamboat Townhouse | $846,885 | $730,000 | 86% | Alpine Vista Townhomes | 1670 Alpine Vista Court | Four |
| Steamboat Townhouse | $846,885 | $730,000 | 86% | Alpine Vista Townhomes | 1670 Alpine Vista Court | Four |
| Steamboat Townhouse | $1,295,000 | $1,150,000 | 89% | Cimarron | 1943 Cimarron Circle Unit, #13 | Five |
| Steamboat Condo | $839,800 | $700,000 | 83% | The Victoria | 941 Lincoln Ave, Unit 6 | Two Plus |
| Steamboat Condo | $74,900 | $69,900 | 93% | Walton Village Condo | 1375 Sparta Plaza Sigma 1″” | One |
| Steamboat Condo | $69,000 | $70,000 | 101% | Walton Village Condo | 1380 Athens Plaza – Beta 15 | One |
| Steamboat Condo | $90,000 | $85,000 | 94% | Shadow Run Condos | 2900 Whistler Rd. E 103 | Two |
| Steamboat Condo | $100,000 | $100,000 | 100% | Powder Ridge (Golden Horn) | 3027 Columbine Drive, #3 | Two |
| Steamboat Condo | $178,500 | $162,000 | 91% | Pines Condo | 500 Ore House Plaza (Unit C104) | One |
| Steamboat Condo | $235,000 | $219,500 | 93% | Hillsider Condo | 2515 Apres Ski Way | Two Plus |
| Steamboat Condo | $248,500 | $235,000 | 95% | Quail Run | 3425 Covey Circle | Two |
| Steamboat Condo | $359,000 | $330,000 | 92% | Ridgecrest Condo | 1805 River Queen Lane #306 | Three Plus |
| Steamboat Condo | $599,000 | $500,000 | 83% | Dulany Condo | 2286 Apres Ski Way Dulany 104 | Three |
| Steamboat Condo | $1,650,000 | $1,500,000 | 91% | OSP Condominium at Apres Ski Way | 2250 Apres Ski Way | Four |
| Steamboat Condo | $2,295,000 | $2,030,000 | 88% | OSP Condominium at Apres Ski Way | 2250 Apres Ski Way | Four |
First Tracks at Wildhorse Meadows Close-Out Sale
October 31, 2011
First Tracks at Wildhorse Meadows
First Tracks at Wildhorse Meadows is a great buy right now, with only five 2 bedroom condos and a couple studios left. The project is almost sold out after lowering their prices last week on the remaining condos. (Three went under contract last week.)
See available First Tracks condos for sale here.
People like this project because:
- It’s brand new (finishes are very basic but wouldn’t take much to upgrade to granite/stainless if that’s important to you)
- First Tracks owners have access to the amenities at Trailhead Lodge. Trailhead has a great fitness area, teen room, pool, several “grotto” hot tubs, etc.
- You access to the mountain by the Wildhorse Gondola which takes you right to the base area.
- You can purchase a separate Wildhorse Club (or similar name—it’s not coming to my brain right now) membership so your family can leave your skis and boots at the private “club” in One Steamboat Place.
- HOA dues are relatively low.
If you would like to know more, please call us at 970-819-6372.
The Ranch at Steamboat Condo Sales
September 29, 2011
Condominium prices at The Ranch at Steamboat have seen their ups and downs (as all resort real estate has over the last five years), although prices have been more stable than other Steamboat condo developments. See below how prices at the Ranch have gone up–and down–since 2006.
The Ranch at Steamboat condos
| Steamboat Condo Development | Legal Description | BR | Full and 3/4 Baths | Asking Price | Sold Price | Sold Date |
| Ranch Steamboat Springs Condo | Unit 606 Ranch at Steamboat Condo Phase II | Three | Three | $550,000 | $460,000 | 7/13/2010 |
| Ranch Steamboat Springs Condo | Unit 405 Ranch at Steamboat Condo | Two | Two | $369,000 | $337,500 | 6/8/2010 |
| Ranch Steamboat Springs Condo | Unit 517 Ranch at Steamboat Phase II | Two | Two | $349,900 | $300,000 | 4/29/2010 |
| Ranch Steamboat Springs Condo | Unit 504, Ranch at Steamboat Springs Condo Phase II | Three Plus | Three | $460,000 | $445,000 | 3/24/2010 |
| Ranch Steamboat Springs Condo | Unit 505 Ranch At Steamboat | Two | Two | $399,000 | $300,000 | 3/11/2010 |
| Ranch Steamboat Springs Condo | Unit 311 Ranch atSteamboat Condo Phase I | Two | Two | $475,900 | $405,000 | 9/2/2009 |
| Ranch Steamboat Springs Condo | Unit 404 Ranch at Steamboat Condo Phase II | Three | Three | $620,000 | $620,000 | 6/25/2008 |
| Ranch Steamboat Springs Condo | Unit 507 Ranch at Steamboat Condo Phase II | Two | Two | $559,000 | $550,000 | 5/1/2008 |
| Ranch Steamboat Springs Condo | Unit 310 Ranch @ Steamboat, Phase I | Three | Three | $630,000 | $610,000 | 1/14/2008 |
| Ranch Steamboat Springs Condo | Unit 106, Ranch at Steamboat Condo | Three | Three | $599,500 | $590,000 | 10/29/2007 |
| Ranch Steamboat Springs Condo | Unit 215 Ranch at Steamboat Condo Phase I | Two | Two | $325,000 | $325,000 | 2/15/2007 |
| Ranch Steamboat Springs Condo | Unit 202 Ranch At Steamboat Condo Phase 1 | Three | Three | $381,000 | $369,000 | 2/2/2007 |
| Ranch Steamboat Springs Condo | Unit 410 Ranch at Steamboat Condo Phase II | Three | Three | $425,000 | $425,000 | 1/29/2007 |
| Ranch Steamboat Springs Condo | Unit 110 Ranch at Steamboat Condos, Phase I | Three | Three | $340,000 | $335,000 | 10/2/2006 |
| Ranch Steamboat Springs Condo | Unit 516 Ranch at Steamboat Condo Phase II | Three | Three | $375,000 | $360,000 | 9/8/2006 |
| Ranch Steamboat Springs Condo | Unit 217 Ranch at Steamboat Condo Phase 1 | Two | Two | $295,000 | $295,000 | 9/4/2006 |
| Ranch Steamboat Springs Condo | UNIT 403 RANCH AT STEAMBOAT CONDO
PHASE II |
Two | Two | $314,900 | $313,000 | 8/24/2006 |
| Ranch Steamboat Springs Condo | Unit 311, The Ranch at Steamboat Condminiums, Phase I | Two | Two | $350,000 | $336,000 | 7/10/2006 |
| Ranch Steamboat Springs Condo | Unit 213, The Ranch at Steamboat Condo, Phase I | Two | Two | $319,000 | $315,000 | 3/31/2006 |
Steamboat Springs Condo Renovations at Torian, Phoenix, and Ranch
September 24, 2011
New Promenade at Steamboat Base Area
There is a new promenade being built that stretches from Torian Plum to One Steamboat Place area. It looks great. It’s a year-round pedestrian walkway featuring snow-melt pavers in the winter and Burgess Creek highlighted in the summer. The Promenade has already transformed the way the base area looks, and it isn’t set for completion until next summer.
Torian Plum and Torian Creekside Condos
Torian Plum and Torian Creekside— Torian Plum and Creekside have used the timing of the promenade construction zone to repair the roof over the Torian parking garage and transform the large grassy area into an integral part of the promenade. The $2 million improvement will be paid from capital reserves and a special assessment to the Torian Plum and Torian Creekside owners.
The Phoenix— The Phoenix has a great walk-to-ski location, but it looked a bit dated. This summer, the Phoenix HOA completed a $3.9 million renovation that brought the Phoenix exterior from it’s tired 1980’s exterior up to a stylish, modern façade. Owners at The Phoenix were assessed between $50,000-$90,000 based on the size of their condo.
The Ranch at Steamboat Condos
The Ranch at Steamboat— The Ranch is a large development built in the 80’s with great views of the ski mountain. The Ranch HOA took advantage of the slower economy to spruce up the development with a multi-year remodeling project. The Ranch has replaced and renovated the decks and hot tub area and updated the grounds with new landscaping, exterior staining, and new signs and lights. The Ranch has a pool, tennis, conference room and large 23 acre open space making it a unique Steamboat condo development. The good news? Ranch owners didn’t have a big bill for a special assessment as reserve accounts and a line of credit funded the project.
Homeowner Association (HOA) Documents
August 31, 2011
Steamboat Real Estate 101
Buying a Steamboat Springs condominium as a primary or second home can be a great investment (unless you bought in 2007) and way to spend more time with friends and family in the mountains. Just remember if you purchase a Steamboat condominium or townhome, you are buying into a Common Interest Community and agree to live within the terms outlined in the CIC documents. These include the owners’ association declarations, bylaws, operating agreements, rules and regulations, minutes, and financial information for the condo/townhome development.
The CIC documents are different for each Steamboat development so read them carefully before you buy. Also, the amount of the HOA dues will vary based on: what the dues include, the age of the building, the amount in reserves, any upcoming assessments, etc.
Here are the Common Interest Community documents you’ll see when purchasing a condominium (or townhome or single family home that’s part of an association) in Steamboat:
- Subdivision Plat
- Property Deeds
- The Declaration of Covenants, Conditions, and Restrictions or CC&Rs
- Articles of Incorporation
- Bylaws
- Rules and Regulations
Steamboat Condo Profile: The Pines/Pines at Orehouse Plaza
August 25, 2011
The Pines
There have been 9 sales at The Pines and Pines at Orehouse Plaza condos in Steamboat since Jan 2010, and seven of those were at Pines at Orehouse Plaza. (It’s newer.) Sold prices range from $209,500 for a one bedroom to $410,000 for a 3+ loft.
Some of the condos at The Pines at Orehouse have garages which can also affect the price.
The Pines and Pines at Orehouse are popular for primary and second homes because they are attractive, well priced condos with low HOA dues.
See all the condos for sale at The Pines and Pines at Orehouse here.
The Pines hot tub
Pines at Orehouse Plaza Condos
Steamboat Condo Profile: Edgemont
August 22, 2011
Edgemont looking toward the Flat Tops
There have been 11 sales at Edgemont ski in ski out condos since August, 2010 as buyers took advantage of sales incentives to purchase some of the last brand-new luxury ski-in, ski-out inventory in Steamboat Springs. The larger residences are just about gone–only a 3+ and a 5+ penthouse remain available for sale, and there is only one 3 bedroom left on the ski slope side of the building.
There are several two bedroom smaller residences still available and a few three bedrooms with south valley and gondola views.
Interestingly, there have been no resales at Edgemont, and several owners have purchased more than one Edgemont condo.
Steamboat Condo Profile: Canyon Creek
August 21, 2011
Canyon Creek Condos
Canyon Creek condos in Steamboat Springs have had five condo sales since Jan 2010 with prices ranging from $378,000-$610,000 for 2, 3, and 4 bedroom condos. Looking at price/sq ft, prices at Canyon Creek bottomed in 2010. The lowest price/sq ft sale was for a larger two bedroom Canyon Creek on the first floor which sold in Sept 2010. The two sales in 2011 both sold for a higher $/sq ft.
See all Canyon Creek Condos currently for sale here.
Canyon Creek
