Steamboat Springs The developers of Silver Spur Estates have sold the first 46 single family building lots in Stage 1 of their project 4 miles west of Steamboat Springs. They are hoping to finish road and utility work for another 42 lots in Stage 2 by early August.
Silver Spur is off County Road 42. The subdivision is immediately north of the existing Steamboat II subdivision.
"We released 14 of those new lots and eight of them are already reserved," W.C. White said. He's a member of the development group, and has moved to Steamboat Springs. Another local man, Dan McGeary, has an interest in the project. The other developers live in Denver.
The lots in the next phase of Silver Spur will be listed for prices beginning at $74,500 and increasing up to $90,000, White said. They range in size from.32 acres up to .38 acres.
The lots at the lower end of the price range are among those which have restrictions placed on them by Routt County at the time the subdivision was approved. The homes on those lots may not be larger than 1,824 square feet.
The county's intent was to ensure that some of the homes would remain as affordable as prevailing market conditions allow.
About 18 percent of the total number of lots are restricted in that way, White said. When the subdivision is complete, it will include 129 lots.
So far, buyers at Silver Spur have been primarily permanent residents, White said.
"We'll see what happens this winter," he added.
More than a dozen homes are nearing completion in the first phase of the project, and they include both spec and contract homes, as well as stick built and manufactured homes. Two homes currently on the market there are listed at $355,000 for a three-bedroom home and $385,000 for a four-bedroom home.
Fred Blum, another member of the development group, said he's been pleased at the quality of homes under construction.
"Not to be snobbish, but we wanted to create an upper end subdivision," Blum said. "I think we've got a good balance," of entry level and move-up homes.
Blum said he and his partners have worked hard to maintain architectural controls, and even the smaller homes on the restricted lots have use desirable exterior building materials that conform to the standards.
"I think people are starting to realize it's a real quality subdivision," Blum said.
"It's probably the most affordable quality subdivision in the area right now."
Blum and White walked the future phases of the site last week with local engineer Chuck Locke of Civil Design Consultants. Among the things they were checking on was construction progress on a three-mile-long soft surface trail.
The trail loops around the exterior of the subdivision and through its interior before connecting with green space in Steamboat II.
Locke confirmed the trail is no haphazard amenity, and has been carefully engineered to follow the topography.
Blum said other amenities promised during the planning phase are nearing completion.
Locke said the subdivision offers 37 percent open space. Although the site offers no natural trees or shrubs, it affords unobstructed views of the ski slopes on Mount Werner and glimpses of the Flat Tops to the south.