We hear the word "investment" more and more in connection with ownership of property in a resort area. Naturally, one wonders what the potential reward of owning a home in the Vail valley might be.
A real estate investment in the Vail valley is a shining opportunity to immerse yourself in the best of Colorado living and gives your family an escape they'll cherish for generations to come. The wide selection of both winter and summer activities combined with direct flights into Eagle County airport from major Florida cities highlights Vail as the premiere Colorado resort destination. The 45 mile valley expanse offers real estate developments broad ranging in both price and altitude. A tasteful array of property types adorn the valleys and mountains, ranging in amenities and at altitudes from 5500 ft - 9500 ft. Over a dozen acclaimed and handcrafted golf courses provide a mountain and high desert golf experience. Ski in the morning and golf or fly fish in the afternoon; Why not? The non-stop line up of year around activities has always attracted visitors to the Vail valley.
Real estate opportunities continue to emerge in all areas of the market. There remains an agreeable price point for every pocketbook. On the conservative side, one may choose fractional ownership with guaranteed weeks or a property close to the resort area(s), but not necessarily "slope side." Luxury condominiums within the resort area of Beaver Creek will provide immediate access to the slopes coupled with rental income potential at prices just under one million. Single family "enclave" homes, duplexes and townhomes offer low maintenance and the "turnkey" lifestyle of a condo. Several residential resort communities feature spacious, luxury single family homes designed to entertain and accommodate large gatherings. Available in gated or non-gated projects, these properties are typically designed by celebrated architects. If you are looking for rural privacy and more for your investment dollar, travel approximately 18 miles west of Vail to the towns of Eagle and Gypsum.
Vail's redevelopment projects are reshaping the face of the community. The village skyline is reminiscent of authentic European towns in Switzerland & N. Italy, also undergoing a similar renaissance, cranes and all! Two pre-construction opportunities include "The Four Seasons" and the "Ritz Carlton" priced at $1800 - $3000 psf. Several of Vail's favorite restaurants and shops have reopened after the completion of their own "redevelopment." The Vail valley is experiencing growth in many areas, whether it is the "Billion Dollar Makeover" in Vail village or the expansion of the Village at Avon Located at the base of Beaver Creek, the Avon project features the "Westin Riverfront Resort" and a gondola that will whisk skiers from Avon to the slopes of Beaver Creek.
Research shows that S. Florida hosts the largest ski club in N. America. Voted the number one ski area in N. America several years in a row, it's no surprise that Florida skiers return to Vail for the ultimate ski experience. The pattern of repeat visits is a good indicator that the purchase of a vacation property may be imminent. The notion of sharing that property with family and friends usually expedites the decision.
The rewards of owning a home in the Vail valley are numerous. The obvious appreciation, return on investment and income potential come to mind. Another aspect of return on real estate is the personal satisfaction of bringing a family together in a mountain resort community.
As one of my clients has suggested, the value of his home has increased, but this is not the only appreciation. How can one ever put a value on fun, growth, challenge and developing an appreciation for the outdoors and a respect for the forces of Nature. Return on investment? Limitless!
Feel free to contact me here with your real estate inquiries.
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