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Transactions: January 2001

Transactions: January 2001

Mountain Life
By Maureen Drummey
posted: 12/14/2000

This two-bedroom, two-bath, 1,000-square-foot condominium unit in the new Teton Mountain Lodge offers mountain views, ski-in/ski-out access, spa and workout facilities, and overnight ski storage. The lodge will offer the services of a four-star hotel. Full ownership of the unit allows the owners to yield financial returns through short-term rentals.
LIST PRICE $519,000
SALE PRICE $519,000
LISTING AGENT Steve Hancock and Scott Singleton, Jackson Hole Realty, Jackson Hole, Wyo., 800-733-9009,
MARKET COMMENT With all of the new development in the area and the anticipation that a major anchor hotel will soon announce its arrival, the real estate market is booming. This, coupled with limited supply, will only increase the demand.

A four-bedroom, four-bath, 2,500-square-foot unit at The Owners Club sits slopeside in the Telluride Mountain Village. Owners enjoy ski-in/ski-out convenience, complimentary ski passes and golf memberships, as well as reciprocal privileges at all Owners Clubs in the United States and Mexico.
LIST PRICE $219,900 (for 1/9th share)
SALE PRICE $219,900
TIME ON MARKET Deeded memberships have been available for one year.
LISTING AGENT The Owners Club at Telluride, Telluride, Colo., 888-828-2994;
MARKET COMMENT Real estate sales in Telluride rose 49 percent in dollars over last year, but the Telluride market has always been powerful with limited inventory and low densities.

Adjacent to the mountain, this two-bedroom, three-bath, 1,400-square-foot condominium in the new Steamboat Grand Resort Hotel was sold as a quartershare. The owner is entitled to 13 weeks in the property, which grants him use of the owner's club, spa, conference center, childcare and other luxury conveniences.
LIST PRICE $194,500
SALE PRICE $194,500
LISTING AGENT Grand Summit Resort Sales, Inc., Steamboat, Colo., 888-613-7349,
MARKET COMMENT Steamboat Springs continues to prosper as a year-round resort destination. The laid-back atmosphere of this small-town community continues to attract a strong contingent of repeat visitors. Prices remain relatively low in comparison to neighboring Vail and Aspen.

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