New home projects in the city this fall top $1 million
October 27, 2015
Steamboat Springs — An autumn burst of building permits issued for high-end, single-family homes in the city of Steamboat Springs and around its periphery promises to keep general contracts and their subcontractors busy through the winter.
Since the third week in September, five permits have been issued for homes with valuations ranging from $829,000 to $1.4 million. Those figures represent building permit valuations, and do not reflect retail cost or land values, effectively puts all the projects higher than $1 million.
Longtime Routt County homebuilder John Dobell, of Dobell Contracting Company, is listed as general contractor for two of the building permits and confirmed "there's a definite resurgence" in building activity here.
"We've got a strong return of the building economy, which is what was lacking for the last five or six years," Dobell said. "There's a lot of pent-up energy."
Dobell has been in business here since 1975 and says enough time has passed since the real estate and building boom of a decade ago that he's now working with a new generation of retirees, or in some cases, future retirees.
"It's a different feel than it was in 2004 to 2006," Dobell said. "They're high-end homes, but they're not over-the-top high end. My clients want homes they can live in and homes they can afford."
He intends to build through the winter, something that's become standard practice in Steamboat, to deliver finished homes in time for his clients to move in for Christmas 2016.
One of the two homes Dobell is building is located on Val d'Isere south of the ski area and has a permit valuation of $854,000. A second, not far away on Bear Drive, has a permit valuation of $1.35 million, according to records at the Routt County Regional Building Department.
Coincidentally, those clients, who are not acquainted, are both from Chicago.
Elsewhere, Vandergraaf Custom Homes, of Oak Creek, is the general contractor for a home in Barn Village at Steamboat with a permit valuation of $829,362. Mike Bell Construction, of Hayden, is the contractor of record for a new house on Angels Way on a second lot in Barn Village, bordering Fish Creek north of Yampa Valley Medical Center.
The building department also issued a permit in September for the first new home in Elkins Meadow in a long while, just outside the city limits off Fish Creek Falls Road/Routt County Road 32. The permit value of the house is $1.3 million, and the two-acre lot sold for $549,000 in 2004.
Looking back to late August, the building department issued a noteworthy permit for a home in Silver Spur Estates, just west of the city limits, for a home on Silver Spur Street with a permit valuation of $861,000. The .53-acre building lot sold for $162,500 in 2004.