The ski season wraps up Sunday, but the buzz in Steamboat this week is as exciting as an 18″ powder dump. Aspen Skiing Co. and KSL Partners announced this week they will buy Steamboat as part of a larger $1.5 billion acquisition. To add to the buzz, Aspen announced two days later that they will also be buying Mammoth Resorts, which includes Mammoth Mountain, June Mountain, Snow Summit and Bear Mountain. Once the deal is finalized in Q3 2017, Aspen Skiing Co. and KSL Capital Partners will own or manage the following resorts in North America: Intrawest Aspen Skiing Co. KSL Capital Partners Mammoth Resorts Aspen Ski Co has been looking for ways to compete with the ever growing Vail Resorts. Steamboat and Winter Park will be the only two Colorado ski areas added to the Aspen brand outside of Pitkin County. After the dust settles, Aspen will have 14 resorts compared to Vail’s 11 resorts. Read the Denver Post article here Aspen is such an iconic brand and has been managed successfully by the same ownership for decades. We are optimistic about the opportunities and look forward to seeing the changes it will bring here in Steamboat. Call us at 970-819-6372 to discuss how this will impact Steamboat Springs real estate. |
Archive for April 2017
Storm Mountain Ranch
Twenty seven Steamboat single family homes (and 1/2 duplexes) closed in February and March for almost $25M. Twelve of them (44%) sold for more than $900,000 showing the rising trend in prices. With the recent announcement of Aspen acquiring Steamboat, don’t expect the trend to reverse.
See the list of sales below, or call us at 970-819-6372 for details or to schedule a time to talk about buying and/or selling.
| Type | Development | Address | Asking Price | Sold Price | % List to Sold |
|---|---|---|---|---|---|
| Single Family | Steamboat Lakes | 26645 Neptune Place | $469,000 | $459,000 | 98% |
| Single Family | 4 Bar G | 26350 Larkspur Lane | $499,900 | $480,000 | 96% |
| Single Family | 1St Add To Ss | 333 Short St. #A | $529,500 | $486,000 | 92% |
| Single Family | Captains Cove | 23043 County Road 62 | $532,000 | $515,000 | 97% |
| Single Family | Moonhill Meadow | 49915 County Road 129 | $549,000 | $540,000 | 98% |
| Single Family | Aspen Heights Subdivision | 145 Huckleberry Lane | $569,000 | $559,000 | 98% |
| Single Family | Tamarack Point Subdivision | 585 Wyatt Drive | $599,999 | $560,000 | 93% |
| Single Family | Heritage Park | 27373 Brandon Circle | $589,000 | $573,000 | 97% |
| Single Family | Silver Spur/ Estates | 27629 Winchester Trl | $595,000 | $585,000 | 98% |
| Single Family | Parkside | 60545 Parkside Drive | $595,000 | $595,000 | 100% |
| Single Family | Tamarack Point Subdivision | 554 Wyatt Way | $635,000 | $635,000 | 100% |
| 1/2 Duplex | Fox Hunt Subdivision | 859 Mill Run Court | $669,000 | $655,000 | 98% |
| Single Family | Other | 853 North Park Road | $698,000 | $670,000 | 96% |
| Single Family | Emerald Knoll | 568 Sandhill Circle | $699,000 | $675,000 | 97% |
| Single Family | Aspen Meadows Subdivision | 1750 Fish Creek Falls Road | $835,000 | $835,000 | 100% |
| Single Family | Willett Heights Subdivision | 315 Blue Sage Circle | $939,000 | $910,000 | 97% |
| 1/2 Duplex | Ski Ranches Subdivision | 3010 Laurel Lane | $930,000 | $920,000 | 99% |
| 1/2 Duplex | Ski Ranches Subdivision | 3012 Laurel Lane | $930,000 | $931,000 | 100% |
| Single Family | Hunters Ridge | 1814 Hunters Court | $995,000 | $935,000 | 94% |
| Single Family | Deerwood Ranches | 31485 Deerwood Ranch Road | $1,175,000 | $1,144,000 | 97% |
| Single Family | Spring Green Subdivision | 30860 Elk Lane | $1,239,000 | $1,170,000 | 94% |
| Single Family | Lynx Basin Estate | 23115 Lynx Basin Lane | $1,439,000 | $1,395,000 | 97% |
| 1/2 Duplex | Steamboat Barn Village | 880 Angles View Way | $1,435,000 | $1,425,000 | 99% |
| Single Family | Rendevous Trails Subdivision | 2650 Ridge Road | $1,495,000 | $1,485,000 | 99% |
| Single Family | Graystone on The Green | 1224 Clubhouse Circle | $1,495,000 | $1,708,860 | 114% |
| Single Family | Trails Edge Subdivision | 2895 Trails Edge | $1,999,000 | $1,950,000 | 98% |
| Single Family | Graystone on The Green | 1259 Clubhouse Circle | $2,100,000 | $2,020,000 | 96% |
| $25,234,399 | $24,815,860 | 98% | |||
| #DIV/0! |