Townhomes at Walton Pond sells out in six months
October 8, 2016
Steamboat Springs — The Townhomes at Walton Ponds, a new townhome complex on Steamboat's south end, has sold out.
Developer Curt Weiss sold 11 of the 14 townhomes, which were completed in December and January, and kept three as rental properties, each of which is currently filled.
The residences are located on Weiss Drive and along the Yampa River, behind the offices for Weiss's Central Park Management and near The Ponds, a large apartment complex owned by Steamboat Ski and Resort Corp.
Co-listing broker Anne Mayberry said the units were finished during the winter, a slower time for real estate activity, but sales picked up with the arrival of spring.
"I was not surprised with the sales once we got rolling. It was really a matter of just getting the first couple of sales going," Mayberry said. "People saw the value and the positives of the location and got very excited."
The townhomes originally retailed at $395,000, but the price was lowered to stimulate sales, then brought back up, Mayberry said.
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The 11 townhomes had selling prices ranging from $375,000 to the full $395,000, according to Routt County records. One sold in March, three in April, one in May, four in June and the last in August.
Co-listing broker Mitch Clementson of Steamboat Real Estate said buyers like that the townhomes were new, had a clean look and offered low homeowners’ association rates.
"A low HOA — that was huge," Clementson said. "That was a huge selling point."
Weiss said in March that the HOA rates would be either $200 or $260 monthly, depending on whether internet and cable were included.
There are two floor plans, but all the townhomes have two bedrooms, 2 1/2 baths and a single-car garage.
With these properties now off the market, Mayberry said there isn't much inventory for buyers looking for a similar product in a similar price range.
"I had told people not to miss out on this," she said.
Weiss said he was pleased with how quickly the units sold.
"I was really happy with the vigorous activity. They were well-accepted with the community," Weiss said. "It seemed to be a good product that everybody liked."
Weiss said while he doesn't have any other residential developments in the works, he is adding a 27,000-square-foot addition to the D Bar K Storage facility near the townhomes on U.S. Highway 40.