Gateway Land & Development

Monthly Archives: March 2011

Vail International's Lionshead, Vail location, approximately 300 yards from the gondola in Lionshead, makes it an incredible deal in the vail real estate market for those who aren't concerned with being directly in the middle of it all.

Vail International Condominiums are located on the eastern edge of Lionshead behind Dobson Ice Arena and the Vail Library.From here, the free in town bus, just steps from the front door, makes it super convenient to access Vail Village or central Lionshead.  Or with this ideal location, you can walk

Vail International Condos in Lionshead Vail

Vail International Condos in Lionshead Vail

All of the one, two and three bedroom condominiums have living areas and fully equipped kitchens, a step up from your typical hotel room mini fridge.The on site management is extremely helpful and provides that extra support you need when trying to generate rental income. While the HOA hasn't jumped into a full building wide renovation, like some of the other Vail Village and Lionshead lodges have recently done, they have remodeled the heated pool (with slope views) fitness and steam rooms, lobby, large stone fireplace and an internet station.

 
Vail International Condos in Lionshead Vail

Mountain Views from the pool at Vail International Condos in Lionshead Vail

Currently there are4 condos at Vail International available for sale. All have 2 bedrooms, 2 baths and they're all totally different.

3 of them have between 930 and 990 square feet and range from original condition to completely remodeled. The lower level, original condition 2 bedroom has 985 square feet and is currently available for $880,000. This 2nd floor 2 bedroom, 930 square foot home has been lightly updated and is currently available for $795,000.

Lightly updated Vail International, Lionshead Vail condo

Never rented (rare in this building), this 2nd floor 2 bedroom, 930 square foot home has been totally renovated and extremely tastefully furnished and reveals mountain views from every room.

Bright and Sunny Remodeled Vail International Condos

This top floor 2 bedroom, 2 baths, 1,147 sq ft home's completely remodeled kitchen and baths, cathedral ceilings, sunny location and dead on mountain views are lovely features, but the home's main draw is the incredible additional living space compared to other 2 bedrooms in the building. The additional 217 feet were brilliantly created into 2 lofted rooms which provide additional sleeping for 6 people. With 2 bedrooms on the main floor, this condo easily and comfortably sleeps 10 without ever pulling out the sofa bed.

This completely remodeled 2 bedroom Vail International Condo in Lionshead has 4 sleeping areas

For more information on Lionshead or other Vail Valley real estate call me or click here to email me

For more information on Vail Valley real estate check out our website at www.gatewayland.com.

For a free, non-committal, property search visit www.vailpropertysearch.com.

Situated high above Avon, The Courtyard Villas of Wildridge are a spectacular luxury duplex development that offer a uniquely private and peaceful setting.? These?private “villas”? boast the most amazing views and finishes both inside and out.?

The interior features of these spacious 4 bedroom homes include dual master suites, white oak flooring, 10′ glass pocket doors in the living room, EcoSmart Fireplace, optional wine cellar, media room and office.?

The best in Mountain Contemporary, designed to showcase views of Beaver Creek, Bachelor Gulch and the New York Range Mountains.? Located just 10 miles west of Vail and just minutes from Beaver Creek, Bachelor Gulch and Arrowhead.? Offered for: $1,875,000 to $2,100,000.

For more information or a tour of Courtyard Villas or other properties in the Vail Valley, please feel free to call:? Betsy Randall at (970) 401-3011 or email:? betsy@gatewayland.com? Please visit our website:? www.vailpropertysearch.com

Red Sky Ranch is off to a great start in 2011!? At a time of year that historically favors ski properties, Red Sky Ranch has seen one homesite sale and another is under contract.? 2299 Red Sky Road (Lot 85) recently closed on 2/28/11 for $550,000 and 38 Red Sky Road (Lot 2) is under contract, last list price was $395,000.? Combine this?with the excellent activity in 2010, Red Sky Ranch continues to be one of the best golf course communities in the country!

Red Sky Ranch

Red Sky Ranch

There are currently 12 homesites for sale and 6 homes for sale.? Prices of the homesites range from $275,000 to $995,000.? The homes range in price from $1,425,000 to $3,900,000.? Of the 6 homes listed, 2 are preconstruction opportunities allowing for buyers to customize their finishes and floorplans.

One excellent available homesite is 1200 Red Sky Road ( Lot 88).? Located on the 10th hole of the award winning Norman Course, Lot 88 combines privacy and views on an easily buildable 1.34 acres.? Offered at $695,000.? (It?most recently?sold for $850,000 in 2007.)

Driving through the Red Sky Ranch community shows quite a bit of construction activity:? 2 homes are under construction in the Juniper Trail enclave, 2 homes are nearing completion above the Fazio 16th hole on Elk Bugle, and another home is almost complete across Bellyache Ridge Rd.

Springtime in the Rockies is a great experience and Red Sky’s 2 championship golf courses will be open in May.? Call or email me, Doug Schwartz,??for a private tour of this amazing golf course community!? dougs@gatewayland.com or (970) 766-2617

Related Articles:
Great Pre-Construction Opportunity at Red Sky Ranch

Fly Fishing at Red Sky Ranch

Spectacular Views of Beaver Creek, Bachelor Gulch and Arrowhead

Sitting high above Avon, Wildridge commands spectacular views of Beaver Creek and Bachelor Gulch.? Wildridge is nestled against BLM land and offers incredible trails for hiking, biking and 4-wheeling across the?Red and White Mountain that travels to the stunning Piney Lake.

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Wildridge offers a variety of residences including town homes, duplexes and single-family homes.? 5340 Ferret Lane is? the quintessential mountaintop home. This 6 bedroom, 6 1/2 bath duplex offers an expansive great room with a stunning gourmet kitchen?and an adjacent dining area.? Huge bedroom suites throughout and a lower level family/theatre room makes this the perfect home for entertaining.? Offered for: $1,274,000.

Situated at the top of Wildridge, on a quiet cul-de-sac, 5566 Coyote Ridge is a stunning? 4 bedroom, 4 bath custom home that has uninterrupted breathtaking views of Beaver Creek and the New York Mountain Range.?? Floor to ceiling windows in the living room which opens into a huge country kitchen, great room and dining room.? The oversized 3 car garage is perfect for storage of all your winter toys! Offered for: $1,375,000

Wildridge is a mix of locals and visitors, with great proximity of Vail, Beaver Creek and Edwards.? Sunny southern exposure and sweeping visits makes this neighborhood the perfect Vail Valley community.

For more information on Wildridge or any other neighborhoods in the Vail Valley, please call:? Betsy Randall at (970) 401-3011 or email:? betsy@gatewayland.com.? Please visit our website:? www.vailpropertysearch.com

Living Room Space Layout

Spectacular views of Beaver Creek from Penthouse condo, steps to the Gondola, Westin Riverfront Resort, Eagle River, Avon Recreation Center and Library.? In the heart of the Vail Valley, this 3 bedroom, 3 bath has unequalled amenities with front desk, underground parking, security systems, fitness room and onsite management.? Community amenities include fishing, walking/biking trails, on bus line, Nottingham Lake, parks, restaurants and shopping.? This is a perfect ski/vacation home or a great value for locals.? Priced at $445,000.00?

For a showing call Broker/Owner.

Betty Ann Woodland

970-376-3155

betty_annw@hotmail.com

Gateway Land and Development

970-926-6777

There is no question that the Vail Valley has always been a strong real estate market and many buyers have seen values of their properties continue to increase over the years. However, the world wide recession has finally impacted even the strongest markets, and Vail property owners are starting to realize that accelerating prices are no longer the norm.

There are a number of reasons that contribute to the demise of the once thriving real estate market. By far the most common answer is that we have more Sellers than Buyers, and when we do have a Buyer, the availability of bank loans has dried up dramatically. There is also a great amount of uncertainty in the national economy and a lot of people are still uncertain about the unemployment rate that has hardly gone down in the past two years. In addition, the international disturbances have seemed to increase such as the revolutions in the oil countries that indicate gas prices will go higher in the future. The stock market, which had been recovering, now seems to be backing down with the Japan disaster as well as with the oil crisis. All these uncertainties have created doubt in Buyers’ minds about the future of real estate and especially in the second home market, which is based on discretionary income.

There are a lot of real estate brokers who will refuse to admit that values have gone down, but I maintain that the only way to sell property in this market is to show that you are willing to take a deep discount over your original asking price. Vail ski area continues to offer the best skiing in North America, if not in the entire world, and this fantastic valley brings in people from every segment of the country. However, no matter how attractive our amenities may be, spending discretionary income on second homes has become less than desirable. Therefore, in order to attract Buyers, our Sellers have found that price reductions are mandatory.

I maintain that, as in past recessions, values that have risen with seemingly no limits must always return to equilibrium. A lot of people have said to me that they can not believe the way prices went ‘through the roof” in the first half of this decade. There were properties in Vail Village that went from $1,000.00 per square foot to $3,000.00/sf, an incredible increase in a short period of time. Now today a lot of that bloom is off the rose. During 2010 sales at the Ritz Carlton’s new offering were averaging $1,379 per sf, and at the Arabelle average prices were $1,351 per sf. The Solaris was quite a bit higher at $2,462 per sf. Also take into consideration that in Avon, the Westin dropped all of its prices between 35 and 40 percent in order to get rid of unsold inventory. Their average price was $650.00 per sf. In today’s paper, the Penthouses at Manor Vail are advertised at 40% off. Some developers have chosen to take other steps to avoid price slashes, many are offering credits at closings, lifetime season ski passes, and prepaid HOA dues. Unfortunately, there are still some owners who just continue to hold out for sales at 2007 prices, and I believe that possibility is in the long distant future.

The good news for the Vail Valley is that cooler heads will continue to prevail and the Sellers who are willing to lower their asking price have been rewarded with quick sales. In 2010, the Vail Valley had transactions of over $1.5 billion, which was 67% over 2009. There were 1,250 transactions, which was a 33% increase over 2009. The statistic that tells the whole story is that in 2011 there was $86 million in sales which is one percent less than last January, yet there were 11 transactions more than last January. In my opinion, prices this year will probably start to level out as prices are more accurate reflections over true values. And th end result is we will have a much healthier and more realistic market than we have seen in twenty years. You can call me at Gateway anytime for an updated version of this prediction, and we will have current information on the best deals in the Valley.

We have several great ranch properties for sale, including an 825 acre ranch just minutes outside Vail, and an 87 acre ranch on Brush Creek that has been reduced $800,000 in the last year, there is surely something for anyone looking for a ranch in Vail, Colorado.

Sleepy Hollow Ranch, Eagle Colorado Featuring 87 acres of dramatic hillsides and endless sweeping views, this land is truly one-of-a-kind. Nestled in a gorgeous valley surrounded by rich mountainsides and 1/4 mile of the stunning Brush Creek, this ranch offers a charming 3 bedroom home, a guest cabin, and a tack barn. It also borders the White River National Forest, Sylvan Lake State Park, and BLM Land and it also possesses coveted water rights. It can also be subdivided into two parcels, one at 37 acres and the other at 48 acres. Reduced $800,000 this year to $2,175,000

Summer Range Ranch, Wolcott ColoradoLocated just 25 minutes outside Vail, Summer Range Ranch is unquestionably the most dramatic and breathtaking ranch in the Colorado Rocky Mountains. Just minutes to Beaver Creek and Vail, yet a pristine world unto itself, this idyllic setting consists of 825 unforgettable acres that overlook sweeping views from the Gore Range to the Flat Tops to Castle Peak. Boasting diverse terrain and vistas, there are grand stands of ancient pines, lush wild flower meadows, waves of aspen fields, and dramatic rock outcroppings. A hunter and fisherman’s paradise this land allows you to literally enjoy nature’s playground unrestricted, with pure freedom. Fish from magnificent trout-filled ponds, hunt on your own private preserve, or trek into contiguous BLM Land that never ends. Conveniently platted into 35-acre parcels, this unequalled ranch land awaits your personal statement. Offered for $30,000,000

Eagle Ranch Estates, Eagle Colorado This ranch affords blissful tranquility amid 35.5 acres and boasts sweeping views of dramatic Colorado vistas and radiant, colorful mesas. Spectacular and rare, this land is located within a gated community alongside the stunning Eagle River that is teeming with Rainbow Trout. With more than 850 feet of river frontage, this magnificent setting is a chance in a lifetime to own. Zoned resource for a single family residence and detached caretakers, this property is primed for the ultimate Colorado ranch and river estate. Offered for $995,000

The Connelly Ranch, Toponas Colorado This is a heavily-treed 38-acre parcel that is surrounded by the Routt National Forest. It is fenced and gladed and it offers an unparalleled private location. Enjoy beautiful vistas and the peaceful sounds of nature as you relax on your wrap-around deck. Located half way between the world-class resorts Steamboat and Vail, this three bedroom log home features upscale finishes, two beautiful streams, and a fully-stocked trout pond. This is your Western paradise. Offered for $799,000

Rainbow Trout Lodge, Wolcott Colorado Perfect for the fishing enthusiast, this home graces 1.83 acres of sumptuous gardens, dramatic red canyon walls, and stunning Eagle River frontage. The main event of this luxurious 4 bedroom, 4,311 square foot residence is the outdoor living: the expansive covered deck overlooks the rushing white water of the Eagle River and features a cozy moss rock fireplace. The sandstone terrace is nestled riverside against green lawns and is highlighted by a rare wood-burning fireplace. The elaborate outdoor lighting system outlines the riverbanks and highlights the trees, creating a breathtaking nighttime oasis.Reduced $2,ooo,ooo and is offered for $2,499,500

For more information on any of these properties, or to view the Vail Valley MLS, please visit www.GatewayLand.com or feel free to call or email me.

Perfectly located in Vail at the base of the Gondola in Lionshead, Lion Square Lodge is Lionshead's only true ski in/ski out condominium real estate property.

Lion Square Lodge sits at the base of Vail Mountain next to the Lionshead Gondola

Like so many other Vail Village and Lionshead properties, the Lion Square Lodge completed an extensive renovation in 2010 that included the interior and exterior of the North Building (including 27 condos) and the addition of a fitness room, hot tub area and 9 new Tower Residences.

Lion Square Lodge's pool and hot tubs sit next to Gore Creek at the base of the Lionshead Gondola

Amenities and services include conference meeting rooms, concierge service, valet service, on site restaurant, exercise room and year round swimming pool and hot tub right on the side of the mountain and Gore Creek. With great rental potential and gorgeous views, if you're looking for a ski in ski out condo in Lionshead, this is the one.

For more information on Lionshead or other Vail Valley real estate call me or click here to email me.

For more information on Vail Valley real estate check out our website at www.gatewayland.com. For a free, non committal, property search visit www.vailpropertysearch.com.

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Rainbow Trout Lodge

Spring is around the corner and it’s time to start thinking about all the activities that summer has to offer!? There’s no better place to enjoy the summer than the Rainbow Trout Lodge.? Situated on 1.83 acres along the banks of the Eagle River, this luxurious 4 bedroom home has unrivaled outdoor living; an expansive covered deck with a cozy moss fireplace over looking the lush lawn and the rushing Eagle River.? The elaborate outdoor lighting system outlines the riverbanks and highlights the trees and gardens, creating a breathtaking oasis.

Inside this fabulous 4,311 square foot home, the interior features; endless banks of Colorado Fraser logs, floor to ceiling windows,? and a massive moss rock fireplace.? The kitchen boasts a large granite eat-in island and hearth room that features a handsome fireplace with a hand carved mantle.? Expansive master suite on the?main level and the three additional guest suites?complete this home.? Enjoy the beauty of the river and the red mountain cliffs.

This is the perfect home for the outdoor enthusiast!? Offered for $2,499,500. For more information or a tour of this fabulous home, please call: Betsy Randall at (970) 401-3011 or email:? betsy@gatewayland.com.

This gorgeous luxury home located at 228 Tall Timber Drive in Bachelor Gulch is now for sale at $7,900,000.? Built in 2002, this 6 bedroom/ 7.5 bathroom, ?8500 square foot residence sits on 1.67 acres of beautiful Rocky Mountain hillside.? Stone and wood combine dramatically to make a wonderful ski retreat in the exclusive on-mountain community of Bachelor Gulch .

Luxury Bachelor Gulch Home For Sale

Luxury Bachelor Gulch Home For Sale

Bachelor Gulch is truly one of the best ski resort communities in the West!? Anchored by?The Ritz-Carlton, Bachleor Gulch, this nieghborhood of high end homes and condominiums have easy ski access, wonderful amenities, huge views and privacy.

Owned by Kelsey Grammer, this home was purchased in 2002 for $5,350,000.
Read the Vail Daily Article!

Email me today to learn why Bachelor Gulch continues to be one of the best ski resort communities anywhere!

Related Bachelor Gulch Articles:
Bachelor Gulch Real Estate Update

Bachelor Gulch Club Offers New Memberships!