Saturday, March 29, 2008

Steamboat's New Development - Porches (All Season)

By Tom Ross - Steamboat Pilot & Today
Saturday, March 29, 2008

The Porches of Steamboat neighborhood at the corner of Steamboat Boulevard and Rockies Way is maturing with the release this month of 17 townhomes in the All Seasons neighborhood. The townhomes in All Season are in the island at the right of the image.

Steamboat Springs — Developers of The Porches of Steamboat have released the latest phase of their project, meant to fill a niche in the luxury housing market near the base of the Steamboat Ski Area.

The All Seasons neighborhood comprises 17 townhomes on Rockies Way, just across the street from the first phase of The Porches. Prices for the 3,100-square-foot townhomes begin at $2.15 million, or about $700 a square foot.

Development partner Richard Dean said the intent is to offer the same high level of finishes, personal services and amenities The Porches represents, in a smaller home.

The majority of the duplex homes in the first phase of The Porches comprise more than 4,000 square feet. Some prospective buyers are saying they don’t need that big a home, Dean said.

Dean’s partner is Bruce Shugart, co-owner of the well-known Aspen luxury homebuilder, Structural Associates Company, based in Glenwood Springs.

During a presentation to the local real estate communitty last month, Dean said he thought The Porches has overcome initial skepticism that it was located just a little too far from the ski slopes to command the prices it has.

“We have almost 20 acres here, and now we are releasing our next phase,” Dean said. “All of a sudden, it feels like we’re an infill site.”

The intent behind The Porches, Dean said, is to offer many of the qualities of a single-family neighborhood with the convenience of on-site management through Pinnacle Management.

Early in March, a 5,000-square foot home in the first phase of The Porches was under contract. Five other whole-ownership homes were available at prices ranging from $2.62 million to $3.18 million.

The private residence club was offering one-eighth share ownership — six weeks of planned vacation annually. Prices range from $340,000 to $450,000. Annual dues are about $10,300.

About 15 residence club shares were available.


To obtain information on any property in Steamboat Springs with Buyer Representation, contact Michelle Diehl, GRI Broker Associate at Century 21 Ski Town Associates.