Gateway Land & Development

Monthly Archives: November 2007

Intermountain, located as far west as you can go within the Town of Vail, is?a truly? beautiful?neighborhood.? Locals and 2nd homeowners are very loyal to this quiet?mountain neighborhood, and once you spend some time here, you’ll see why!

With?only one?commercial property, Intermountain is filled with trees, residences,?the Gore Creek, and parks.? The free town of Vail bus allows easy transportation to and from Vail and the slopes.? And for the ambitious, skiing home is an option when there is plenty of snow.(and provides some of the best turns this side of?the East Vail chutes.)?

Real estate opportunities are prevalent, with?15 active listings ranging in price from $565,000 to $4.95 million.? (The Savory Inn is for sale for this $4.95 million price tag.? The one commercial property in Intermountain.? see below)

The Savory Inn

With prices of homes in Vail going skyward, Intermountain provides value with homes in the $400’s per square foot range.? To learn more about this great area, please contact me anytime.

Eagle County seems poised to gain 16 more affordable housing units in cooperation with the St. Clare of Assissi parish here in Edwards.? The parish plans to sell 16 deed restricted condominiums to local residents.? (part of the deed restriction will be a requirement to?reside and work in Eagle County)

The county is close to approving the plan, which will likely be finalized early next year.? The 2 bed/2 bath condos are expected to sell for approximately $250,000.? Located on Highway 6 just west of Edwards, these units will help to keep working folks in the upvalley area.

Stay tuned for more affordable housing information?with the West End project in Edwards also moving forward.? 72 deed restricted units are anticipated in this exciting new development in the heart of Edwards.

The snow has not yet?been accumulating here in the Rockies, and so Vail has delayed it’s opening until next week.? Vail is among several Colorado resorts (Aspen, Steamboat, and Eldora to name a few) to delay mountain access, as the weather has stayed warm throughout the state.

Many here in the Vail Valley have been enjoying the warm weather by golfing and biking,?while continuing to pray for snow.? Arapahoe Basin and Loveland are 2 resorts that have benefitted from higher elevations, and have been open for weeks.

The weather service says snow may be in the forecast for early next week, so cross your fingers and tune your skis.? See you on the slopes and Happy Thanksgiving!

Which will it be??? Solaris, Manor Vail, The Ritz Residences, Vail or The Four Seasons Resort Vail??

If you haven’t been to Vail in awhile, be prepared to not recognize it.? (Or, sort of remember what used to be there.)? Cranes dominate the view from the valley floor.??But soon, several new and beautiful, high-end properties will be completed.

A few projects to keep an eye out for:

Solaris:? Located on the former Crossroads site, this large development will be a mix of commercial, public and residential spaces.? Available Condos range in price from $2.3 million to $18.86 million.

Manor Vail (The Penthouses):? One of?the?BEST locations;?views of the Gore Range and Gore Creek, with skiing right across the street.? New additions on top of the previous structure (pretty cool engineering) plus new underground parking.? Available Condos range in price from $3.4 million to $9.6 million.

The Ritz-Carlton?Residences, Vail:? Located on the western edge of Lionshead, this property will be the anchor to the new EverVail, along with its new gondola/chairlift.? Available Condos range in price from $2.8 million to $11.1 million.

The Four Seasons Resort Vail:? Located right by the main Vail roundabout, this amazing property will be a combination of hotel, fractional, and whole ownership.? Available whole ownership condos range from $7 million to $11.1 million.

To discuss?these or other real estate opportunities here in the Vail Valley, please contact me anytime.?

Used to be, all you saw strolling the bike path in Eagle were young families and their dogs.? Not surprising since an exodus of young families took over the community not too long ago, lending to a median age of 34 years, and 42 percent of the population in the 25 to 44 years age bracket.? ?

It didn?t take long for the older generation to figure out the youngsters had a good thing going.? Nowadays more and more seniors are moving to Eagle to take advantage of the milder winter and an increasing number of activities geared towards retirees.?? People who?ve enjoyed?vacationing in the valley or living further up the road are deciding to dig down in greener and warmer down valley pastures.

In a 2006 survey, conducted for Eagle County, 29 percent of 275 second-home owners said they expect to become full-time residents of Eagle County in the future, compared to only 17 percent in a 2003 survey who said they plan to retire here.? People are choosing the Colorado High Country over other retirement areas like Arizona or Florida. ?And, just a stone’s throw?from?the Eagle-Vail airport,?they can easily?jet off to visit those other spots.

Some have lived in the community for years and now are deciding to stay.? They find appeal in the small community feel and the warmer temperatures in Eagle and Gypsum.? Who can blame them?? It?s a lot easier to drive up valley to ski or snowshoe than it is the daily deck shovel?so you can sit outside and read the paper.?

A 20 percent increase in senior activities tells us that while locals are aging, they are very active and very involved.? Many are taking advantage of exercise classes at the Golden Eagle Senior Center and the Active Mind Series, which brings speakers in once a month.? Others are engaged in volunteering.? Baby boomers are jumping into retirement in Eagle ready to take on some fun.

For more information on?Eagle, Gypsum?or other Vail Valley real estate contact Karen Gilbert at 970-926-6777 or karen@gatewayland.com??

Of all the places I’ve called home, East Vail is the one place that I really miss.? For the alpine enthusiast, East Vail has it all: great hiking, backcountry skiing, ice climbing, mountain biking, fly fishing, kayaking, abundant wildlife, and very little commercial development.

As the gateway to the Vail Valley for most of our car driving visitors,?East Vail?speaks to an earlier time when skiing was about skiing, not about?a “resort”.? A-frames and mountain chalets dot the eastern reaches, as?massive pine trees and snow banks provide a true alpine environment.

Take the time to ride your bike along the winding streets, and along Gore Creek on the way to Vail Pass.? Discover one or all of the high altitude lakes that lie at the base of the Gore Range.? Sit in a meadow of wildflowers while your only companion is the wind and the sunshine, and the birds and the deer.? You get the picture.

As development in Vail continues at?break-neck pace, East Vail remains a residential community with a great mix of locals and tourists.? Of new trophy homes and ski bum pads.? Of mountain views and trout fishing.? Of huge winters and peaceful summers.

Ah yes, I do miss East Vail!? (Thank goodness I can visit anytime.)

To learn more about East Vail and the Vail Valley, please contact me anytime.

The Ritz-Carlton, Bachelor Gulch is nestled in a quiet valley at the base of Beaver Creek Mountain.?Its log timbered lobby has huge slopeside windows to show off its stunning Rocky Mountain landscape and a three story stone fireplace sets a welcoming while elegant tone.?

The design and architecture for the resort was inspired by the great lodges of the turn-of-the-century American West.?Native building and interior materials help this lodge?blend? harmoniously into the surrounding national forest.

Known for its stellar service, the resort has a wildlife concierge, a ski butler to tune up your skis between runs, and yes, even a hot chocolate sommelier.?Not only is this place pet friendly; there is a resident Lab for loan?when you need?a dose of canine companionship.

The resort is located in the middle of Beaver Creek?s village-to-village skiing, hiking and biking. >From the top of the lift you have perfect access to the slopes of Beaver Creek on one side and Arrowhead on the other.

Sales figures for the Ritz Residential Suites (all inclusive ownership) include: currently 14 active listings; 12 properties currently under contract; Year-to-date, 8 properties have sold.?Sale prices have ranged from $760K for a 961 square foot 1 BR, 1.5 BA, to $1.76 million for a 1,340 square foot 2 BR, 2 BA.

For more information on the Ritz-Carlton or other Vail Valley real estate contact Karen Gilbert at 970-926-6777 or karen@gatewayland.com

With Vail Resorts set to?open Arrabelle this winter, 12 whole ownership condos are currently available for sale.? This brand new property will truly be one of the nicest in any ski town, with the all important ski in, ski out location?plus the?world class amenities we have come to expect.

View of Arrabelle towards Vail Mtn

Prices range from $2.78 million for a 2 bedroom unit to $14.5 million, for a 5 bedroom penthouse.? The median price of those listed is right around $5 million.? While not inexpensive by any means, the Arrabelle seems poised to become an iconic residence for the lucky few that own here.

To learn more about this project and the chance to own a property for the ages, please call or email anytime.

Yes, the long awaited Arrabelle project in Lionshead is set to open this winter.? Over the next few months, various commercial parts will open, with the condos coming on-line from January to May, 2008.

The Vail Resorts marketing machine is pumping this up, as this is slated to be their flagship property.? And as the Vail Daily has reported frequently in recent issues, Vail Resorts has yet to resolve its requirement with the Town of Vail to provide 140 or so employee beds.? I fully expect some last minute negotiation will appear?and resolve this issue, as it is unlikely Vail Resorts will tolerate bad press on this one.

The Arrabelle truly has transformed the feel of Lionshead already, and once open, expect it to continue.? Gone are the days of the Great Race, and locals feeling as if this is their town.? It’s not anymore.? Vail has turned the corner and has become?the nation’s?HIGH END SKI RESORT.? (sorry Aspen)?

Stay tuned over the next 5-10 years and we’ll see if I’m right.? Feel free to call or email anytime to discuss in more detail.