If the lots in the Aspen Heights subdivision near Steamboat Lake are any indication, it's worth paying for spectacular views.
Since 2001, North Lake Properties LLC has developed nine lots in the subdivision with each selling "like hotcakes" soon after going on the market, said broker Ronna Autrey of Colorado Group Realty, who recently listed two additional lots in the development with her husband, Mike Autrey.
The two, 5-acre lots are the fourth filing in the subdivision and were approved by Routt County commissioners on Tuesday. The lots, which adjoin the eastern boundary of Steamboat Lake State Park, are the best lots and the last in the development with views overlooking the lake, said Lee Emery, manager of North Lake Properties.
"We're finding the view lots seem to go first," he said about real estate sales trends in the Steamboat Lake area.
At $450,000, the lots are priced about $100,000 higher than others in the development, he said.
The subdivision is marked by a log entryway off Routt County Road 129 just before Steamboat Lake Outfitters.
With a mix of aspen and pine trees and meadows, the available lots sit on a hill offering panoramic views of Hahn's Peak, the lake and the surrounding valley.
"It would be hard to get off the front porch once you built a house out there," Mike Autrey said.
Because the lots border Steamboat Lake State Park, there never will be another home or development blocking buyers' views of the lake, Emery said.
Despite breathtaking vistas, land in the area wasn't always so coveted. The Aspen Heights subdivision is comprised of quarter-acre lots that originally were filed in 1972 but were untouched until North Lake Properties entered the picture about three years ago, Emery said.
The developer consolidated the parcels to 5-acre lots, the required size for individual septic systems on the properties, he said.
In addition to septic systems, all lots in the subdivision have gravel roads, power and phone lines and wells in place.
"They are ready-to-go lots," Emery said, explaining that they have easy building sites for homes and driveways.
Soil tests have confirmed the sites' suitability for homes, which may be built within envelopes of roughly 2 acres, he said.
Another plus for builders is the lack of building covenants in the subdivision. Emery said the high value of the lots should ensure high-quality buildings.
"The price of the lots tends to dictate the type of structure," he said.
Zoned for one residence each, the lots may have horses and outbuildings. Caretaker units may be allowed depending on the county's revision of subdivision regulations, Emery said.
So far, one home has been built in the subdivision, and another is under construction. Emery expects two more will be in the works next year.
Panoramic views from the property are available on a CD-ROM. For more information, call the Autreys at 870-8800.