Mountain-area condos priced below $250K


— In this era, when the price of admission for a new ski area townhome is north of $800,000, it's still possible to find small condos less than a mile from the ski area for less than $250,000.

Joan Conroy at Steamboat Village Brokers has one of the newer one-bedroom condos in the Rho building at Walton Village Condominiums listed for $225,000.

With 584 square feet and a single bathroom, it's not built for families, but happily married couples, Conroy said.

The price per square foot works out to about $385. However, that's not the basis at which the condos at Walton Village are being priced.

"People are buying them as investments, but it's also a chance to own a place of your own," Conroy said. "Believe it or not, $250,000 is affordable."

Activity at Walton Village Condos has been brisk this year, Conroy said. Three units closed in March, and four are currently under contract and waiting to close at prices ranging from $175,000 to $215,000.

Across Whistler Road at Shadow Run Condominiums, Realtor Mitchel Cantele at RE/MAX Steamboat has a pair of two-bedroom, two-bath condos listed for $255,900 and $264,900. Each offers 841 square feet.

Conroy's listing was built in 1998 (the originals are about 30 years old) and offers 20 more square feet than most of the condos in the project. It has more modern finishes, including slate flooring, than many.

The units at Walton Village are made more livable by storage closets sufficient for skis and other outdoor toys immediately outside the front door.

The development also is noteworthy for the unusual amount of open space and amenities. Walton Village has s swimming pool, four tennis courts and a sand volleyball court. Land prices in the current market would dictate more density if the project were built today.

"I have to take my hat off to original developers Bob Enever and Bob Alter for recognizing the demand there would be for entry-level housing," Conroy said.

She understands firsthand how Steamboat residents can get their start at Walton Village - she lived in one of the condos 28 years ago and recalls the original asking prices were $30,000.


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