Steamboat Springs buyers face tight ski-in, ski-out market | SteamboatToday.com
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Steamboat Springs buyers face tight ski-in, ski-out market

Teresa Ristow
The 4,100-square-foot Brown Bear Chalet on Burgess Creek Road is about a half-mile walk from the base of the the Thunderhead Lift at Steamboat Ski Area. The property, listed by Steamboat Sotheby's International Realty broker Pam Vanatta earlier this year, was priced at $1,495,000 and a sale is currently pending.
Courtesy Photo

— While buyers dreaming of owning a ski-in, ski-out single-family home or duplex in Steamboat Springs continue to face a tight market, a lucky few are grabbing up properties within steps of Steamboat Ski Area slopes.

Apart from condos and townhomes, only a few ski-in, ski-out properties are available each year, according to local real estate brokers. And even expanding the search to include properties within a five-minute walk of the slopes doesn’t increase the inventory significantly.

Homes situated under the gondola or elsewhere on the south side of the mountain are highly coveted, and rarely go on the market, according to David Baldinger Jr., a broker with Steamboat Sotheby’s International Realty.

Some older homes have remained in the same family for multiple generations.

“There’s really only a handful of homes that are the only true ski-in, ski-out homes on that side of the mountain,” Baldinger said. “They generally don’t change hands very often.”

On the west side of the mountain and at the end of Burgess Creek Road is another set of homes, which are part of the Rendezvous Trails subdivision.

While a few on Trails Edge are slopeside, others in the neighborhood offer walking distance access within two-10ths of a mile to the bottom of Thunderhead Lift, arguably one of the quickest ways to bypass Steamboat’s base area lines.

“If you already have your pass, there’s a lot of convenience,” Baldinger said.

But even when adding up all of the Rendezvous Trails homes close to the slopes and those underneath the gondola, buyers could still be waiting years before finding a property that fits their budget and style, according to Dean Laird, a broker and owner with Colorado Group Realty.

Laird said that today, inventory for single-family homes within a five-minute walk to skiing is limited to just a couple of homes in the under $2 million range.

One buyer Laird represented this summer had watched the market since 2010 before making an offer on a 4,600-square-foot home seven-10ths of a mile from the Christie Peak Express lift mid-station in September.

The home was listed at $1,875,000 by Steamboat Sotheby’s International Realty broker Pam Vanatta and closed for $1,650,000.

“Good things can happen if you are willing to wait and watch the market, don’t mind updating and are willing to react quickly when something new comes up,” Laird said. “New ski-in or walk-to-ski listings should see a lot of activity based on the number of people I’m working with watching for something new to come up.”

To reach Teresa Ristow, call 970-871-4206, email tristow@SteamboatToday.com or follow her on Twitter @TeresaRistow


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