Fortress Invests in Steamboat Development – Weekly Transactions

December 26th, 2010

Here are the weekly (Dec. 16th – 23rd) real estate stats for Steamboat Springs and Routt County courtesy of the Steamboat Pilot. These are all the transaction that took place last week. One important transaction to note, Fortress Investment Group, the owner of Steamboat Ski Area parent Intrawest, purchased a 17-lot Graystone on the Green subdivision for $3 million dollars. The subdivision is located near the Sanctuary and the mountain area and looks out over the Rollingstone Ranch Golf Course.

■ Clark
Seller: Entelco Corp.
Buyer: North Routt Community Charter School
Sale date: Dec. 16, 2010
Sale price: $60,000
Property description: Parcel B, North Routt Preschool MDSE
■ 720 Yahmonite Road
Seller: Robert L. and Darcy D. Trask
Buyer: Geoffrey Paul and Lori Read Mitchell
Sale date: Dec. 16, 2010
Sale price: $350,000
Property description: 826-square-foot, two-bedroom, one-bath single-family home on 0.29 acres in the North Highlands Addition to Steamboat Springs. Built in 1947, remodeled in 1963 and last sold for $435,000 in December 2006.
■ North Routt
Seller: Elk River Eagles LLC
Buyer: Stephen Stranahan
Sale date: Dec. 16, 2010
Sale price: $390,000
Property description: North Routt property
■ Routt County Road 186
Seller: Jeffrey and Linda K. Peotter
Buyer: Martin Butterfield
Sale date: Dec. 16, 2010
Sale price: $965,000
Property description: 3,723-square-foot, four-bedroom, 3.5-bath single family log home on 35 acres at Tract 4 Lichen Ranch.
Listing agent: Cam Boyd, Prudential Steamboat Realty
■ 2540 Ski Trail lane
Seller: David and Tara Gedeon
Buyer: DTG Management LLC
Sale date: Dec. 16, 2010
Sale price: $2.35 million
Property description: 4,887-square-foot, four-bedroom, 4.5-bath townhome B in the Ledges Subdivision. Built in 2007, it also sold for $2.35 million in September 2010.
■ 2747 Timber Court
Seller: Ross Z. and Michele L. Greenberg
Buyer: Powder Dog LLC
Sale date: Dec. 17, 2010
Sale price: $800,000
Property description: 2,276-square-foot, four-bedroom, four-bath, Townhome unit 1, building 9 in Cross Timbers at Steamboat. Built in 1999 and sold for $575,000 in April 2002.
■ 30355 Harrison Trail
Seller: Ronald L. and Kathy J. Whaley
Buyer: Bruce G. Allbright III family trust
Sale date: Dec. 17, 2010
Sale price: $3.2 million
Property description: 6,428-square-foot, four-bedroom, 6.5-bath, single family home with three-car garage. Building lot sold for $1.1 million in 2001. Built in 2004 and valued for taxes at $4.2 million.
■ 2670 Copper Ridge Circle
Seller: Colorado Housing and Finance Authority
Buyer: SSire LLC
Sale date: Dec. 20, 2010
Sale price: $145,050
Property description: 967-square-foot, commercial condominium 15 built in 2004 and sold for $225,000 in December 2008
■ 13 Sequoia Court
Seller: Edward D. and Nancy L. Sparks
Buyer: James M. and Diane I. Maroney
Sale date: Dec. 20, 2010
Sale price: $125,000
Property description: 968-square-foot, two-bedroom, one-bath lot 13 Whistler Village Townhomes Phase 2, built in 1980, sold for $90,000 in March 1999.
■ 437 Storm Mountain Court
Seller: Brent Holleman
Buyer: Robert A. and Marcy C. Korch
Sale date: Dec. 20, 2010
Sale price: $375,000
Property description: 2,222-square-foot, three-bedroom, two-bath lot 2 at Mountain Court Townhomes. Built in 1995 and sold for $259,000 in 1999.
■ 2700 Village Drive
Seller: Keith E. and Adair C. Larkin
Buyer: Kevin James Edwards
Sale date: Dec. 20, 2010
Sale price: $475,000
Property description: 1,306-square-foot, two-bedroom, two-bath condominium 405 in Dulany Condominiums phase 1B. Built in 1995 and sold for $259,000 in 1999.
■ 2525 Village Drive
Seller: Wells Fargo Bank
Buyer: Crown Mills Group
Sale date: Dec. 21, 2010
Sale price: $520,000
Property description: 1,546-square-foot, two-bedroom, two-bath condominium 5D. Built in 2006, it sold for $1.83 million in June 2008.
■ 30600 Lakeshore Trail
Seller: Peter K. Smith
Buyer: EDEJ LLC
Sale date: Dec. 21, 2010
Sale price: $2.4 million
Property description: 5,873-square-foot, five-bedroom, 4.5-bath single family home on .52-acre lot 11 in The Cabins at Lake Catamount. Sold for $3.4 million in July 2007.
Listing agent: Darlinda Baldinger and Chloe Lawrence, Steamboat Village Brokers
■ 30445 Lakeshore Trail
Seller: EDEJ LLC
Buyer: Peter K. Smith
Sale date: Dec. 21, 2010
Sale price: $900,000
Property description: 2,370-square-foot, three-bedroom, 3.5-bath single-family home on .22 acres in The Cabins at Lake Catamount. Sold for $1.1 million in August 2009.
■ Steamboat Blvd/Clubhouse Drive
Seller: Vectra Bank Colorado
Buyer: SBC Graystone LLC
Sale date: Dec. 21, 2010
Sale price: $3 million
Property description: Undeveloped lots 1-17 , varying in size from .36 to .7 acres and adjacent to Rollingstone Golf Course. Original lot pricing by the developer, VGS Enterprises, ranged from $799,000 to $1 million. Original sales price of 11-acre parcel was $5.1 million.
■ 1602 Graystone Drive
Seller: Michael D. Williams, James A. Racine and Jonathan W. Roberts
Buyer: Richard and Debra Grigsby
Sale date: Dec. 23, 2010
Sale price: $532,000
Property description: Undeveloped 1.02-acre lot 4 in Stonebridge Park. Sold for $550,000 in October 2005.
■ Colorado Highway 131 South of Toponas
Seller: King Creek Ranch LLC
Buyer: Michael M. Noell Trust
Sale date: Dec. 23, 2010
Sale price: $1 million
Property description: NA
Total sales — $17,587,050
Photos courtesy of Steamboat Springs MLS, Routt County Assessor’s Office and the Steamboat Pilot & Today

—For more on this topic or questions regarding real estate in Steamboat Springs, feel free to call Charlie at 970-846-6435 or write me an email at: charlie@steamboatsmyhome.com. I will answer your post or email promptly with candid and informed answers. Click here to view all properties in Steamboat Springs in “real time” — This is one of the few real estate sites showing all foreclosed and all short sale listings in real time and updated every few minutes.

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