Buyers have reserved nearly half of the luxury townhome units at Cimarron at Steamboat, and developers have yet to break ground on the project.
That's a testament not only to the demand for high-end living quarters near Mount Werner but also to the foresight of the Antlers Development Group, which purchased land on and near the ski slopes five years ago in anticipation of the trend.
"The appetite for these bigger types of properties, is ... these people who used to look for single-family homes, and found to get a home of this quality, they'd have to spend around $3 million," said Ken Gold, a partner in the group, which also includes Stephan Baden and Jon Peddie.
Cimarron, slated for an area off AprÃs Ski Way on Medicine Springs Road, follows the group's other recent projects: The Antlers townhomes, at the base of the Christie lift, and Elk Horn at Steamboat, located off Ski Trails Lane under the Gondola.
One of five units at Elk Horn sold in November for $2.28 million -- a record sale price for a townhome in Steamboat Springs.
Although Cimarron will be similar in quality to those projects, it will be offered at a lower price than Antlers or Elk Horn. Unlike its pricier counterparts, it is not slopeside, but it will be within walking distance of the gondola.
"We've tried to do the same quality as we've done on ski-in, ski-out on land that is not ski-in, ski-out," Gold said.
Approved in October, Cimarron will have 23 total units within 10 duplexes and one triplex. Developers, who hope to break ground on the project this month, have received 11 reservations for units.
The five-bedroom units will be between 3,000 and 3,200 square feet. Gold anticipates the townhomes to be priced from $895,000 to $925,000 before added finishes and construction costs.
Cimarron units will have a post-and-beam look accentuated with hand-hewn timbers. In addition to quality finishes, the townhomes will have large stone fireplaces, air conditioning, radiant floor heat and two-car garages.
Large windows will take advantage of great views while bringing a feeling of openness to the units, Gold said.
Developers planned to build the units in a "U" shape to keep the project from seeming dense. The open space in the middle will lend a feeling of spaciousness to Cimarron, he said.
Shared amenities will include an exercise facility and outdoor pool and hot tub.
Developers hope to have a model townhome at Cimarron complete this summer. For more information, call Gold or Baden at 879-5100.
-- To reach Tamera Manzanares call 871-4204 or e-mail email@example.com