Bella Vista Estate on the market for $3.95 million
March 14, 2016
Steamboat Springs — Bella Vista Estate, a popular multi-family vacation rental, event and wedding destination on Rabbit Ears Pass, is on the market for $3.95 million.
The six-acre property overlooking Lake Catamount includes three buildings with a total of 14 bedrooms split between a main house, lodge, caretaker unit and two connected guest cabins.
Owners David and Alicia Josfan said they made the difficult decision in December to list the property they've owned since an auction in 2002.
"It breaks our heart to even put it on the market," David Josfan said. "But we've had it for 14 years, and it's time to share it with everyone else."
The land where the family compound sits today was once split into two parcels by the original road that traversed Rabbit Ears Pass, according to Chris Paoli of The Paoli Group, listing broker for the Josfans.
The late Bob Adams, an important figure in Routt County's history, purchased the land in the late 1960s, and U.S. Highway 40 was built to cross Rabbit Ears.
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According to the Steamboat Today archives, the estate was just a barn and small caretaker unit when Adams purchased it in 1969, but over time, the family getaway expanded.
Adams is best known today for the wildlife preserve created by his family, which includes Fish Creek Falls, Bob Adams Field at the Steamboat Springs Airport and Bob Adams Drive that takes people up the hill to Colorado Mountain College.
After Adams died in 1982, the property known as The Chateau at Lake Catamount was inherited by his daughter. She took the estate on and off the market multiple times before putting it up for auction in Denver in 2002.
The Josfans purchased it through their Travelers Group Trust for $1.45 million, and decided the previous name was "a real jaw breaker."
The new owners changed the name to Bella Vista Estate shortly after purchasing it and began renting it out for vacations and events.
Last year, stars of the Bravo Network series, "The Real Housewives of Atlanta," stayed at Bella Vista Estates during a trip to Steamboat Springs, which served as the basis for a three-episode special titled, "Kandi's Ski Trip."
Paoli said the fact that the residential property has multiple estates on one six-acre parcel out in the county and is approved to hold weddings, family reunions and other events is extremely unique and couldn't be replicated without special permissions.
"There's really no place like it in the valley unless you buy a ton of acreage," Paoli said. "It's impossible to replicate this type of property here."
Paoli said he envisions future owners to use the property in a similar way to the Josfans, who have stayed at the estate many times over the years but who live off-site, leaving day-to-day rental operations to a separate manager.
"They are an owner who used the property to generate income but also spent a lot of time there themselves with guests and entertaining," Paoli said.
Josfan said that he has gotten older, his children no longer live in Steamboat Springs and he and his wife would like to travel more.
"It's the only thing that really ties us down," he said.
Among the best features of the Bella Vista Estate, Josfan said, are the privacy and seclusion felt when you arrive.
"I call it the island in the mountains. It's perched up on a knoll that overlooks the entire valley. When the gates close behind you — I like to sail a lot — I feel like I'm on an island," Josfan said. "You feel like you're transported to a completely different planet."
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