Gateway Land & Development

Monthly Archives: March 2007

The Vail Mountain Club has just raised its membership fees for both the Full Membership and the Social Membership.? The Full Membership initiation fee is now $260,000 with dues of $5,500/year.? The Social Membership initiation fee is now $105,000 with dues of $3,200/year.? The only difference between the memberships is that Full Members have parking priveleges.? There are currently about 40 full and 200 social memberships still available.

The Founding Members Program is still in effect!? 2 Lifetime Season Passes are being offered with either membership, plus Vail Resorts plans to add a gorgeous mountain-top restaurant as an amenity to the club.? And you may attach your membership to your Eagle County property without any fee.

To learn more about the Vail Mountain Club or about real estate here in the Vail Valley, please contact:

?Doug Schwartz at (970)926-6777 or at dougs@gatewayland.com

The gated community of Bachelor Gulch continues to see strong residential real estate sales.? Connected to both Beaver Creek and?Arrowhead?ski areas, Bachelor Gulch and its 5-star anchor, the Ritz-Carlton, Bachelor Gulch, consistently draw buyers and skiers to this wonderful ski-in/ski-out neighborhood.

The Ritz-Carlton, Bachelor Gulch

Since February 2, 2007, there have been 12 sales, (blog written on 3/23/07) with a median price of about $3.5M.? There are currently 18 properties under contract (including 8 Ritz Residential Suites; this amazing hotel is soon to be the home of Wolgang Puck’s Spago restaurant!)? And there are 31 condos, townhomes and residences currently on the market.? Relative prices ranged from $800/sf up to about $1300/sf.? Obviously, there are some good opportunities for the savvy buyer.

To learn more about the Bachelor Gulch market, or about the Vail Valley in general, contact Doug Schwartz at (970)926-6777 or at dougs@gatewayland.com

It’s springtime in the Rockies and that means beautiful warm days, an occasional storm (at least this year), and an increase in residential real estate inventory.? Over the past several months, we have seen?a Vail Valley-wide inventory jump of about 10% or so.? There are currently about 1000 active residential listings, with about 600 properties also under contract.

March and April tend to be?a time when the market catches its a breath a bit; the proverbial calm before the storm?as locals and soon-to-be-locals prepare to house hunt as the off season approaches.? There are typically fewer transactions compared to other months.? (January and February usually have the fewest transactions; the?3rd and?4th quarters the most!)

Get ready for the spring onslaught of real estate activity!? To learn more about the Vail Valley real estate market, contact Doug Schwartz at (970)926-6777 or dougs@gatewayland.com

Call or email Doug to receive recent years’ sales volume and transaction details!

The Vail Valley real estate market for 2007 is off to a strong start!??

Another record setting month!

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The total sales volume for this January shattered last year?s record by over $35 million, showing $173,416,500 in real estate sales in Eagle County.? ?2006 ended with the second highest real estate sales volume ($2.75 Billion)?in the recorded history of Eagle County, second to the record setting previous year, 2005.?($2.8 Billion)

Another historical record was set in January, the highest average sales price of any given month ever at $990,951 per transaction. Elevating the average for January was the high average sales price of single family homes which was $1,425,005.

Also adding to the high average for the county was the $29 million in transactions taking place in Vail Village and Lionshead with average sales prices of $3,587,333. Figuring into the mix as well were 2 transactions of over $5 million with the highest being on Gore Creek Drive for $8,750,000.

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The Valley leaders in the number of real estate transaction continues to be Eagle and Gypsum with over 50 transactions between the two areas.

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January Highlights:

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  • The average sales price for single family homes is $1,425,005.?

  • The average sales price for multi-family homes is $666,257?

  • Eagle and Gypsum accounted for over 30% of all sales transactions in Eagle County.

Sales data compiled by Land Title.

For more information about real estate here in Eagle County call:

Doug Schwartz at (970)926-6777 or at dougs@gatewayland.com? or visit

www.vailpropertysearch.com

Edwards, Colorado, is home to several great neighborhoods, with one of my favorite being Homestead.? Appealling to both locals and second homeowners, Homestead is a mix of single family homes, duplexes, townhouses and condos, as well as a thriving commercial area.

Aspen Glen Townhomes

There are currently 4 Aspen Glen Townhomes on the market, located in the lower portion of Homestead.? These units are priced from $555K to $610K,?offering 3 to 4 bedrooms, multiple living spaces, great outdoor living, and 2 car garages.? All owners have access to the Homestead Court Club as well, providing tennis, racquet ball, a pool, a full gym, yoga classes and many more activities.

Aspen Glen represents a?good value in a great location in the heart of the Vail Valley.? To learn more about Aspen Glen or real estate throughout the Vail Valley, please call or email:

Doug Schwartz, of Gateway Land and Development at 970-926-6777 or dougs@gatewayland.com

Red Sky Ranch is arguably the best golf and alpine ranch community in the entire Vail Valley.? Located in Wolcott, CO, just west of Vail and Beaver Creek and just east of the Eagle County Regional Airport, Red Sky Ranch offers 2 fantastic golf courses.

Lot 60 Red SKy Ranch

Lot 60 is a wonderful 1.76 acre homesite located on the 5th green of the Fazio designed course.? The front yard has views of Bellayache Ridge as well as the Fazio pond.? (It’s fully stocked with HUGE native cutthroats and rainbows)

View from Lot 60 Red Sky Ranch

This great homesite is now offered at $795,000 with both Red Sky Golf and Bachelor Gulch Club Membership options available.

To learn more about Red Sky Ranch or about Lot 60, please contact Doug Schwartz (owner/broker of Lot 60) at 970-926-6777 or at dougs@gatewayland.com

Adam’s Rib Ranch will soon be hosting eager golfers and equestrian enthusiasts.? Adam’s Rib has been a long time coming, but it ‘s current form looks to be one of the nicest golf/ranch communities in the Vail Valley.

Situated along Brush Creek in Eagle, the 1600+ acres that comprise Adam’s Rib are truly beautiful, with mountain views and over 4 miles of river frontage.? The 520 acres of an adjacent parcel will serve as the equestrian center, providing everything the horse enthusiast needs.

The golf course, designed by Tom Weiskopf, should be completed by the end of summer 2007.??The golf course?capitalizes on the varied terrain, and should provide some of the valley’s most picturesque golf.?

There are a total of 97 homesites, ranging in size from just under 4 acres to over 9 acres.? The club memberships being offered strive to service every need of its discerning members;? a 40,000 square foot clubhouse replete with a spa, restaurant, and workout facility, private limousine service,?full concierge service,? and even several guest cottages for the exclusive use of the membership.

Adam’s Rib pricing is yet to be released, but the developers are taking reservations for those that?feel this is THE place for them.?

To learn more about Adam’s Rib Ranch, or about the Vail Valley in general, please contact Doug Schwartz at Gateway Land and Development; 970-926-6777 or at dougs@gatewayland.com

What a great few days of skiing we had here on Vail Mountain this past week.? With over 3 feet in a week, and cold days with limited visibility, it made for a local’s dream come true. . . that local being me.? There?were few?people on the mountain (at least where I like to ski), and tree skiing was almost a must due to in-the-cloud conditions.?

Face shots and deep powder abounded, but so did high winds and bitter cold.? Leading me and my frostbitten cheeks to the point of this blog; BE CAREFUL OUT THERE when its windy and cold.? Even while checking each other’s faces and noses for white opaque spots, I still managed to get three small spots of frostbite.? While they didn’t and don’t hurt, had I stayed out any longer, it might have gotten ugly. (Literally)

Go in to warm up if need be, even if it means delaying that dream run on your favorite powder stash.? To discuss more mountain awareness (not my favorite powder stash)? please contact:? Doug Schwartz at 970-926-6777 or at dougs@gatewayland.com