Phase 2 of Sunlight project releases 24 additional single-family lots to the market
STEAMBOAT SPRINGS — Developers of the new Sunlight subdivision in West Steamboat Springs have released an additional 24 single-family lots to the market in phase two of the project. Prices start at $184,000.
This phase follows the first phase of the project, initiated in summer 2017, when the developers released 53 single-family, .14- to .32-acre lots to the local housing market, at prices ranging from $169,000 to $225,000. Throughout the past year, they released an additional 29 more, completing phase one of the project.
All but three of those first 53 lots have already sold.
Phase three of the project will see an additional 15 lots come on line, bringing the total to 92 single-family lots on the entire 54-acre parcel. The lots vary in size according to their location, with some of the smallest lots clustered near the subdivision’s center, which features a traditional neighborhood design.
“We’ve been thinking about this for a very long time, and it’s great to see it come to fruition and be so readily accepted by the local market,” said Sunlight listing broker and partner Nick Metzler of Colorado Group Realty. “We’ve sold 50 lots in year one and are ahead of schedule.”
Metzler added that the new gateway road to the neighborhood’s primary entrance off U.S. Highway 40 will be complete in September and will include a private sidewalk from the homes to the bus stop. About 25 new homes are currently under construction or are planned to be under construction this year, with the first home, already under contract for purchase, to be completed in early September.
“It’s truly a secluded place for being so close to downtown,” said partner and Realtor Bert Svendsen.
Currently accessed via Indian Trails Road, new homes undergo a light design review, so developers can maintain certain architectural elements.
The project hopes to appeal to various market segments, including move-up buyers who need more room, longtime residents who are now empty-nesters, location-neutral workers and young professionals seeking more space.
“Inventory and options for local buyers seeking a single-family home in the downtown area have diminished quickly,” Metzler added. “Sunlight presents a timely opportunity to those wishing to build a new and efficient home, with unobstructed views in a great neighborhood.”
To reach Eugene Buchanan, call 970-871-4276 or email ebuchanan@SteamboatPilot.com
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