Hayden Bear River Realtor Jack Giessinger says Yampa View Estates, a 15-lot subdivision in south Hayden, is "definitely affordable."
Since the development went on the market in May, Giessinger said he has had interest from families in Steamboat and Hayden about purchasing the lots, which range from $39,500 to $48,000.
"In my opinion those amounts put it in the affordable category," Giessinger said.
Sitting near Sagewood, another emerging single-family home subdivision, the five-acre Yampa View Estates is on a mesa in the Golden Meadows area.
Still in the town limits, the 15 lots range from .18 to .30 acres and will be connected to the town's water and sewer system. The lots will also surround a 1.3-acre plot of open space.
The tract of land was once slated for 72 townhomes. The idea of a subdivision was conceived a year-and-a-half ago by Ron Wendler of Colorado Group Realty.
It took the developers one year and three different development plans before they received approval from the town of Hayden. Excavation work on the property began June 1. As the price of housing continues to escalate in Steamboat, Hayden is an attractive alternative to many homebuyers, Giessinger said.
"This is basically appealing to individuals from Steamboat that just simply can't afford housing in Steamboat," Giessinger said.
Homes on the less than half-acre lots can range from 1,300 square feet and up to 3,000 square feet. So far, two lots are sold and one is under contract. Construction has already started on one of the lots.
Yampa View Estates will sit nearby the much larger affordable housing development, Sagewood, which is planned for 30 lots in the first phase and 35 in the second.
Hayden is becoming a more attractive area to develop with its strongest selling point being affordable housing, Giessinger said.
He said that ample land is available, but it will take time before more developments come on the market because of the planning and development process.