The Highmark, a Steamboat condo development that took a while to get going has finally found buyers. Sales started during the nationally advertised auction and continued at The Highmark in the weeks that followed the auction.
In fact, The Highmark is turning out to be one of the most active properties here in Steamboat. Several went under contract at the auction. Keep in mind that only developer units were auctioned off, not the privately owned ones. In addition to the auction/developer units, a bank-owned penthouse sold this month and a privately owned condo (a short sale) went under contract last week. Four are currently under contract.
Some of the reasons I think The Highmark at Steamboat has had so much interest are: they’re beautifully furnished with nice amenities, rent well, and they are a very short walk to the gondola. The auction company’s heavy national advertising also raised awareness. When you compare the price of the Highmark with other properties in that range, you can understand why people are buying at The Highmark. They are new, nicely furnished, and move-in ready. (Some of the other developments in that price range can be dated.)
The asking price of the condos is fairly firm. There are 8 units for sale: 5 are developer units selling for the auction price, and 2 are private owners seeking short sales. (There is also one privately owned condo that is not a short sale but is outrageously priced.)
Here is a link to all the available condos at The Highmark. They range from 2-4 bedrooms.