Steamboat Homefinder Magazine

1Summer 2009

Graystone on the GreenShelley Stanford 970.846.2991Sharon Beaupre 970.846.8257Colorado Group RealtySee in-depth story, page 4

Graystone on the Green

1

contents

Featured PropertyGRAYSTONE ON THE GREEN

REHDERS LEGACY SECUREDNaturalists, artists assured access to Harrison Creek property

HOUSE SWAPPINGTownhome owners propose straight-up trade

ENGINEER + ARCHITECT = STAGECOACH DEVELOPERSCouple hopes to develop 272 building lots in Stagecoach

4

40

Publisher

Suzanne Schlicht

Director of Sales & MarketingScott Stanford

Editor

Brent Boyer

Creative Services ManagerMeg Boyer

Circulation Manager

Steve Balgenorth

Advertising Representatives

Kerry Crimmins

Karen Gilchrist

Jill Hines

Mary Beth Magalis

Deb Proper

Blake Stansbery

Advertising Design/Prepress

Suzanne Becker

Kailey Fowler

Meghan Hine

Julie Molema

Fran Reinier Russell Savage

Gayle Yovis

Editorial Content Tom Ross

For advertising information, call Scott Stanford at 970-871-4202

Steamboat Homender magazine is published by the Steamboat Pilot & Today. The entire contents of Steamboat Homender is copyrighted and may not be reproduced without express written permission from the publisher.

60

features

departments

58

64

Q & A with Thomas Musil

44 Market Trends with Doug Labor

2 | STEAMBOAT HOMEFINDER Summer 2009 www.SteamboatHOMEFINDER.com

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Graystone on the Green

real estate cover story

Jerry and Shelley Stanford, together with their business

associates, are trying to take the brain damage out of

developing a golf course lot in Steamboat Springs.

Jerry Stanford, with David Vandervelde, is a partner

in VGS Enterprises, which has recently released the 17

building lots at Graystone on the Green subdivision to the

market. Conveniently, Shelley Stanford, with her colleague

Sharon Beaupre at Colorado Group Realty, is the listing agent for

the lots. Both are broker owners.

However, the Stanfords are willing to take it a step further

after retaining KSA Architects to complete construction drawings

for four homes that are assured of ying through the design

review process at Graystone. Jerry Stanford, through his

contracting rm, Colorado Joint Ventures, would be happy to

follow through and complete the homes on behalf of the buyers

of building lots.

Families who buy luxury home lots in the Steamboat market

often are years away from realizing their ambitions of a vacation

home here. The Stanfords say they can expedite the process.

The architectural and structural drawings are completed,

Jerry said. The sites are very at and buildable, and we could

be ready to go. We would be willing to tweak the plans to suit

buyers needs.

The developers are willing to include the completed

drawings in the purchase price for the buyers of the rst four

lots.

TOM ROSS | Steamboat Homender

scores a home in one


Those buyers could choose to build with Colorado Joint

Ventures, or not, Jerry said. The plans still come with the lots.

And all 17 lots at Graystone on the Green include the $35,000

membership at Rollingstone Ranch Golf Course.

Bottom line, VGS is developing a subdivision, not a complete

neighborhood of custom homes. However, Stanfords company is

prepared to contract to build homes in Graystone and shorten the

process for buyers.

They have taken the additional step of pre-arranging nancing

at Vectra Bank Colorado. The terms can be customized to adapt

to customers construction schedules.

Shelley Stanford has come up with a play on words to

describe the marketing pitch that goes something like this: You

can make a hole-in-one on the golf course, were offering a home

in one.

Stanford and Vandervelde have previously developed 16

homes in a subdivision in Steamboat, with tight design controls

at Anglers Retreat. Anglers Retreat created homes in a European

cottage style no larger than 3,000 square feet.

The two partners in VGS purchased the 11.3-acre site for

Graystone from the owners of the Sheraton Steamboat Resort in

the summer of 2007. In the interim, the name of the golf course

has been re-branded from Sheraton to Rollingstone Ranch. And

the subdivision developers have built a new entrance to the golf

(and Nordic skiing) clubhouse from Steamboat Boulevard.

The former Clubhouse Drive entrance now leads directly

to Clubhouse Circle and the home sites in Graystone. Design

guidelines for Graystone call for the same post-and-beam air of

Anglers, Stanford said, but the architecture will move the homes

away from the European cottage look to a craftsman style.

As a condition of the subdivision approval, the city of

Steamboat Springs has required that homes at Graystone on

the Green be no larger than 4,000 square feet. The architectural

plans prepared by the Stanfords show three-story homes with

walkouts and walk-ups that have four bedrooms.

The lots themselves, elevated above the golf course, offer

views of Sleeping Giant, Emerald Mountain, the south valley and

Steamboat Ski Area. Sizes begin at 0.25 acres and continue up to

1.05, although most are in the range of 0.3 to 0.4 acres. They are

within a short walk of the golf clubhouse and Nordic skiing trails.

Prices begin at $799,000 and vary into the $900s, with the most

expensive priced at nearly $1.08 million.

The architectural and structural drawings are completed. The sites are very at and buildable, and we could be ready to go. We would be willing to tweak the plans to suit buyers needs.

Jerry Stanford

SH

www.SteamboatHOMEFINDER.com Summer 2009 STEAMBOAT HOMEFINDER | 5

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Filthy windows detract from a homes beauty. To make your windows sparkleuse a soft cloth or long-handled soft bristle brush and mild detergent. Vacuum screens and around edges of weather stripping

to remove dirt. Dip cotton swabs in vinegar and use to

clear build-up on edges and corners. Then rinse with

water. And my favorite: slip old, white cotton socks on

your hands and feel your way to clean windows.

MARTHA PFIFER | Orlando Sentinal

WINDOW CLEANING 101

SH

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STEAMBOAT HOMEFINDER | 13

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Stay on top of developmentsin Steamboat real estate

Read the Sunday Real Estate section every Sunday in the Steamboat Pilot & Today

Call 879-1502 to subscribe or 879-4211 to advertise


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970-736-1000 www.steamboatarea.com

Picturesque Setting3 bed/2 bath log home with

pond on 5 acres bordering 95 acres of common area.

Mls # 124964 / $555,000.

Kerry & Dave EatonBroker/Owner

Proudly ServingRoutt CountySince 1992

Rebecca BaileyBroker Associate

Views of Stagecoach Lake3 bed/3.5 bath log home, gran-ite counters, tile & slate floors

adjacent to common area.Mls #125219 / $474,900.

Unsurpassed Views4 bed/2.5 bath log home on an acre w/shop & partially covered wrap around deck. Mls #124740 / $549,000.

Rustic Charm 3 bed/2 bath log home on 4 fenced lots, original stained

glass windows & wood floors.Mls #125194 / $285,000.

Delightful Duplex3 bed/2ba, views of Ski Mtn, heated garage & amazing

flower gardens.Mls #125062 / $380,000.

Craftsman-Style HomeSpecial touches throughout, 2 bed/1.5 bath well maintained

w/fenced yard & 2 sheds.Mls # 124502 / $219,000.

Unobstructed Views Wrap around deck w/hot tub, unfinished basement, slate &

wood floors, 2-car garage.Mls #125063 / $399,500.

At The Edge of Town2+ bed with open views to the West, backs up to ranch land,

deck, fenced yard & shed. Mls #125267 / $299,000.

New Construction3 bed/2 bath, slate & wood floors, unfinished basement

w/great views!Mls # 125143 / $360,000.

Charming CottageWonderful interior remodel, fenced yard w/shed perfect

for Artist Studio.Mls #123974 / $160,000.

Woodbridge Townhome3 bed/ 2.5 bath with stainless

appliances, granite, wood floors & garage.

Mls #125802 / $444,400.

Ideal Starter HomePrivate location on 6 lots,

large sunny deck, seasonal stream & open floorplan. Mls #123799 / $189,000

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Only One Place to Look For Foreclosures, Short Sales & Smokin Deals


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A home that smells like cleaning chemicals stinks. True Organics candles by Way Out Wax are made of plant-based essential oils, no synthetic fragrances, dyes or chemical scent enhancers or boosters. They are available in three sizes and six scents, including: Citrusy Sol Tranquility, Spicy Zanzibar Mint and Oriental Jade. The soy wax candles have aromatherapeutic properties that soothe and relax. They are long lasting and subtle, and best of all, burn evenly. Details: wayoutwax.com.

MARTHA PFIFER | Orlando Sentinal

IF ONLY YOU COULD SCRATCH AND SNIFF HERE. . .

SH

Get the inside scoop on the best current and upcoming deals for Steamboat and Routt County.

Be noti ed rst on huge price reductions, foreclosures, short sales and nd the super-motivated sellers.

Gain great advice to make your buying decision a success.

SteamboatsReal Estate

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38 | STEAMBOAT HOMEFINDER

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Q. We have owned an upscale condo for eight years. We are on the upper level, and there is a renter occupying the unit below us.

We have always had great luck with the past renters.

Our neighbor currently smokes, and this has caused us some

concerns. During the summer, the smoker would smoke out on

the patio and the smoke would come into our home via our french

doors or windows. We found ourselves having to close all doors

and windows and we were not allowed to enjoy the fresh ocean

air that had drawn us to this area. We also had to run a fan all night

to stimulate air

movement.

We felt like we

were being holed

up in our own

home. We spoke

with the renter, and

we were assured

that she would not smoke near the home and seemed to care about

our plight.

The smoke continued. We spoke with the homeowners

association and faxed them the letter that we wrote to the renter

pleading for her compassion. The association wrote back stating

that they hoped this was something we could work out among

ourselves.

The winter months have come, and the renter has taken to

smoking nonstop in the home. The smoke has now lled our home

via the vents, cabinets and pipes. When we awake at 4 a.m., we

open up our bathroom cabinets to retrieve toiletries and the smoke

in the cabinets is overwhelming. When we do our laundry, we have

to fold the laundry quickly because the smell of cigarette smoke

is coming into the laundry room and clinging to our clothes and

towels. When we arrive home from work, the entryway smells like

someone has been sitting there smoking for hours.

We have taken to spraying our home with deodorizers constantly.

Even this is an awful smell to have to tolerate when all we really

need is the fresh air that is our given right. We feel that we have

been robbed of our joy to be in our own home and are considering

putting our home on the market at the rst of the year. The smoke

is now causing health issues for both my husband and myself. We

both awake with sore throats, and have had difculty breathing.

A. If you cannot persuade the tenant to be more thoughtful about their smoking, you should organize the unit owners and approach

the homeowners association board seeking to prohibit smoking on

association property. Issues of secondhand smoke have led to the

limiting of smoking in commercial and public buildings, public areas,

restaurants and bars. Prohibiting smoking in both condominiums

and apartment buildings will soon come to the forefront of the

secondhand smoke debate. There have been cases where tenants

have been evicted for excessive smoking and prohibitions in

homeowners association bylaws against owners smoking in their

own condominiums. Municipal ordinances have also been enacted

to control secondhand smoke in condominiums and apartments.

Unthoughtful Smoker Smokes out Neighbors

Q&AwithThomas Musil

SH


INVESTMENT OPPORTUNITYElk River Farm & FeedEstablished business in a growth sector being sold with real estate. This is a once in a lifetime chance to own a profitable business in Steamboat Springs. Contact Medora Fralick at The Commercial Property Group, LLC, 970-879-1402.


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real estate local

Changes in the Steamboat Residential Market

Market Trendswith Doug Labor

The Steamboat Springs real estate locomotive was chugging along at warp speed for several years, only to have the brakes hit hard this past year. With this drastic change in the market,

I thought it would be interesting to see how

the changes have affected the residential

market over the past ve years. The residen-

tial market researched includes single-family

homes, townhomes and condominiums.

For this study, statistics from the Steamboat

Springs Multiple Listing Service have been

used to compare May 1, 2008 through April

30, 2009 (Period 2 in this study), and (May 1,

2003, through April 30, 2004 (Period 1). This

ve-year timeframe was selected because it

provided enough distance from the effects of

Sept. 11 and where more typical conditions

returned.

Between May 1, 2003, and April 30, 2004,

residential sales totaled 716 transactions

throughout the MLS geographic area it

serves (primarily Routt County), generat-

ing a total dollar volume of $271 million.

The recently completed Period 2 posted

323 transactions a 55 percent decline.

However, the Period 2 sales volume of $248

million declined by only 8 percent and

average prices increased from $378,111 to

$768,133, or 103 percent. Part of the reason

the average price increased is from the

average property size increase, from ap-

proximately 1,600 square feet to over 2,100

square feet in Period 2, or 32 percent.

Taking a closer look within the Steamboat

Springs city limits, Period 1 saw 535 transac-

tions for $197 million of dollar volume at a

$368,155 average price. Period 2 had a 62

percent decline in transactions at 201; a 16

percent decline in dollar volume to $166 mil-

lion, but experienced a higher average sales

price to $818,649, revealing that the average

price increase within the Steamboat Springs

city limits was higher / more desirable (122

percent) than the overall MLS (103 percent).

Categorically, single-family homes saw

the greatest average price increase within

Steamboat at 133 percent, improving from

$625,262 in Period 1 to $1,457,125 in Period

2. Although the average size of a Steamboat

Springs home purchased in Period 1 was

2,773 total square feet, the size increased in

Period 2 by 28 percent to 3,562 total square

feet. Irrespective of nishes, upgrades, depre-

ciation or newer construction, the apprecia-

tion on a dollar-per-square-foot basis reveals

Period 1 sales fetching an average of $225,

where ve years later, single-family homes

in Steamboat sold for an average of $387 per

square foot, or a 72 percent increase in ve

years and over 14 percent annually.

Townhome sales within Steamboat limits

declined 61 percent from Period 1 to 2, or

158 to 61. Average prices nearly doubled

from $380,760 to $756,252 and the average

size increased 20 percent from 1,865 square

feet to 2,241. In Period 1, townhomes sold

for an average of $204 per square foot, and

increased 61 percent in Period 2 to $329.

Condominiums took the biggest hit in the

new economy, dropping the most of the

three categories in the number of transac-

tions and dollar volume. However, their

average sales price still realized a 117 per-

cent increase in average price to $505,094,

but surprisingly; the average size remained

relatively the same, from 1,068 square feet

to 1,046. Of all three property types, condos

enjoyed the highest dollar-per-square-foot

increase from $219 to $467 a 113 percent

increase in ve years or a healthy 23 percent

annual increase.

In the current economic climate, one may

think the more expensive property type

(single-family homes) would have taken the

biggest sales hit, but market share for single-

family homes increased from Period 1 (23

percent) to Period 2 (26 percent). Town-

homes remained the same at 30 percent and

condominiums dropped from a 47 percent

market share in Period 1 to a 44 percent in

Period 2. This may be because single-fam-

ily home sellers were more exible in their

prices than condo owners from Period 1 to 2.

Even in these economic troubling times,

comparing where the Steamboat Springs mar-

ket was ve years back to where it is now,

the market shows resiliency. For those few

buyers who are out there, the purchase has to

make more sense now than ever before. And

for sellers, their purchase date will determine

if they have equity to take with them from the

closing table, or if they need to hold out for better times.Douglas N. Labor, GRI, RRP, ABR, ABRM, CEBA, e-PRO is the broker/owner of Buyers Resource Real Estate of Steamboat, an exclusive buyer broker and 26 year resort real estate veteran. His monthly newsletters can be ordered by email-ing him at [email protected] and his website is www.RealEstateSteamboat.com. He can be reached at 970.870.8885.

SH


Steamboat Real Estate

Steamboat Steamboat Steamboat Steamboat

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Three great ways to nd Steamboat Homender


SAgents_June09.indd 1 5/13/09 2:09:46 PM

5252


5353


home decor books

Forget wordy descriptions. When looking for decorating ideas, good photos like the ones in the Outdoor Entertaining Idea Book by Natalie Ermann

Russell and Kitchen Idea

Book by Joanne Kellar

Bouknight (The Taunton

Press; $19.95 each) will do.

With more than 350 images

each, the series offers succinct

design insight paired with

sidebars featuring advice,

tips and even recipes. Photos

depict stylish dining rooms,

pools, countertops, appliances, xtures and more.

WORDS OR PHOTOS? PHOTOS!

Falling in love isnt always conducive to rational thinking and planning even if the object of your affection is a cottage. So before entering into a relationship, Douglas Hunter suggests balancing

your emotions with information. The Cottage Owner-

ship Guide: How to Buy, Sell, Rent, Share, Hand Down &

Retire to Your Waterfront

Getaway (Firey Books;

$29.95) includes tips, cau-

tions, case studies, Q&As,

charts, sample calculations

and checklists to steer you

in the right direction. But

what could possibly go

wrong, you ask? If youre

not informed about tax

implications, water quality

in nearby lakes or rivers,

neighbors, anglers, and

even where the sun sets and direction of wind in relation

to your cottage, you might be in for a big surprise. You

didnt think romance could be so complicated, did you?

COTTAGE LOVE: FIND ROMANCE THE RIGHT WAYMARTHA PFIFER | Orlando Sentinal


The second half of Helen and Henry Reh ders legacy in the community was secured in April, as the Yampa Valley Land Trust and The Nature Conservancy formally accepted the gift of the couples historic 250-acre sheep ranch in Pleasant Valley.

Reh

ders Leg

acy Secured

Naturalists, artists assured access to Harrison Creek property

TOM ROSS | Steamboat Home nder


The secluded property on Harrison Creek will remain private, but Land Trust Executive Director Susan Dorsey said that in keeping with Helen Rehders will, the ranch will host a variety of events and visits beginning with a gather-

ing of landscape painters in August and continuing to

include naturalists studying trout, elk, deer and the eco-

system at the base of Mount Baldy.

The gift of the land was accompanied by the gift of

a fund to help underwrite the cost of maintaining the

property.

The Land Trust is honored by this incredible gift of

the Rehder Ranch as a nature preserve and is commit-

ted to fulfilling Helens wishes, Dorsey said. She added

that work already is scheduled to conserve the build-

ings, which are tucked out of sight on the east side of

Lake Catamount.

The Rehders home and turn-of-the-20th-century

agricultural buildings, including a barn, are scheduled

for historic assessment this summer by Historic Routt

County and the University of Colorado Denvers

College of Architecture and Planning.

Dorsey agreed the acceptance of the Rehder gift will

take the Land Trust in new directions, giving it a greater

public presence. She envisions forming new partnerships

with research, ed u cational and cultural organizations

including Yam patika, state universities, the Co lorado

Division of Wildlife and the Colorado Natural Heritage

Program.

The overarching theme will be to emphasize the

ranchs inherent qualities as a nature preserve.

What better way to honor Helen, Dorsey said. It

reflects her deep love of the land, her love of art and

of history and wildlife. This range of par t ners has the

opportunity to touch so many as pects of this community,

and the opportunities are exciting.

Completing the giftThe First National Bank Building in downtown Steam-

boat Springs represents the first portion of the Rehders

legacy. Now home to the Steamboat Art Museum, it was

gifted to the city of Steamboat Springs after Helen died

in 2004. Henry died on his 98th birthday in 1998. The

Rehders originally purchased the red brick building in

1937.

Bringing the second major gift in Helens will to frui-

tion required the collaboration of the two conservation

organizations, which have partnered in the past on con-

serving the Carpenter Ranch and Hereford Haven ranch

east of Hayden.

In the case of the Rehder Ranch, the typical role of

the two conservation organizations will be reversed.

Instead of the conservancy owning the property, it will

hold a conservation easement, while the Land Trust will

hold a deed on the property and take responsibility for

its management.

Geoff Blakes lee, Yampa River pro ject director for

The Nature Con servancy, said hes happy to ex pand his

organizations relationship with the Land Trust.

This is a great model for how we can continue to

work together, Blakeslee said.

As holder of the easement, the role of the conservancy

will be to ensure its terms are upheld, he said.

Long local historyHenry Rehders family emigrated from Germany first

to Central City and then to the Yampa Valley in 1902,

when he was 2 years old. Helen originally was from Red

Cloud, Neb., and moved to Steamboat in the late 1940s,

where she met and married Henry. It was the second

marriage for both of them.

Nobody knew the couple better in their later years

than Mary Echtermeyer, who with her husband, Andy,

moved to the ranch in 1997. The couple moved into an

apartment upstairs in the barn, and Mary took care of

Henry after he suffered a stroke.

Helen regaled Echtermeyer with endless stories, and

she learned about the early days on the ranch, when

they grazed sheep all the way to the top of Baldy in the

early summer.

Henry had raised the money to buy the property by

trapping coyotes, foxes and pine martens and selling

their pelts. He also worked on a shrimp boat off the gulf

coast of Texas.

Helen was a graduate of a secretarial school,

Echtermeyer said, and was a skilled bookkeeper who

was savvy with the family finances.

Helen painted and kept detailed diaries about life on

the ranch. The couple seemed to enjoy their solitude.

They kept to themselves up there, Echtermeyer said.

As they grew older and coping with the deep winter

snows became too much for them, the Rehders sold their

flock in the fall and moved into their apartment above

the bank building for the winter.

Still later, they spent winters on property in Cambria,

Calif.

Echtermeyer, about to begin her 13th summer on

the ranch, said the new arrangement with The Nature

Conservancy and the Yampa Valley Land Trust would

have pleased the Rehders.

They wanted this place to never be developed and

left open for biologists, she said.

Reh

ders Leg

acy Secured

SH


Real estate matchmakingTownhome owners propose s t ra ight-up t radeTOM ROSS | Steamboat Homender

SH

If she hadnt taken a sabbatical from work to stay home with a new baby, Annie Slothower might never have had the idea to market her familys Steamboat townhome as a swap in exchange for a Denver-area home.

Im back to work now, Slothower said. But I had been

a stay-at-home mom, and I was watching an Oprah Winfrey

special on how to succeed in the down economy. One of the

things she suggested was a (real estate) trade that had worked

for other people.

Slothower and her husband, Hill, have their three-bedroom

duplex townhome in Longview Highlands listed for sale at

$575,000 with Kim Kreissig of Prudential Steamboat Realty.

Not coincidentally, Annie Slothower is employed as an assis-

tant to Kreissig.

When Slothower proposed marketing the townhome built

in 2005 as a trade, Kreissig embraced the idea. She promptly

alerted her Prudential colleagues throughout the Denver-

metro area but said another form of marketing has generated

most of the dozen inquiries that have come in from the Front

Range.

Most of the dozen contacts have resulted from placing the

proposed home swap on the Internet site Craigslist, Kreissig

said.

Anything you can do to be creative in this challenging

market, you should give it a try, Kreissig said. Weve already

generated some pretty decent inquiries. Its piqued some peo-

ples interest on the Front Range.

Within the past week, new listings at the Denver-area page for Craigslist have offered house swaps including a Frisco townhome to trade for a Denver home and a Breckenridge home to swap for weekends in LoDo.

One of the most intriguing contacts was from a party with a two-bedroom home in Denvers Washington Park neighborhood. However, Slothower said, most of the inter-est is coming from people with unrealistic expectations of a Steamboat retirement home.

They have this vision of a ski-in/ski-out home, she said. When they find out thats not the case, they are disappointed.

The Steamboat townhome also is offered for sale on the Steamboat Springs Multiple Listing Service. The pitch there reads: Need to sell your home in Denver before you

can buy in Steamboat? Not any more. Sellers of this charming townhome in Longview will consider taking your home in Denver or the surrounding area as the down payment on the purchase of theirs here in Steamboat.

Slothower said she and her husband have agreed, since that text was first written, to open their offer to a full swap instead of looking for a buyer who would put up their home as partial payment on the Steamboat townhome.

Our goal in selling our house was to relocate to Denver so my husband can go back to school and we can be closer to family, Slothower said. Hill Slothower works in the construction trades and wants to take his career to a new level with a degree in retrofitting existing homes to green energy standards.

The Slothowers purchased their home at a pre-construction price of $379,000 in 2006. Their mortgage of $250,000 gives them substantial equity in the townhome even with the recent price drops.

They had estimated they could clear close to $400,000 on the sale of the Steamboat property and trade down in Denver to end up with a $100,000 mortgage. They realize now they may not be able to realize that goal.

Longview is a subdivision of 64 units in 32 buildings and the fact there are six other townhomes listed in the neighbor-hood is complicating matters. One owner, who already has purchased a home in Denver and is making two mortgage pay-ments, has listed a townhome with the same floor plan as the Slothowers for $499,000.


CANYON CREEK CONDOMINIUMWarmly appointed two bedroom, two bath condo only steps from Gondola Square. Heated garage, pool, hot tub and exercise facility. Two season ski passes to the buyer for an offer that closes before 11/1/09. $589,900.

Lesley Lumpkin 970.819.6939

SADDLE CREEK TOWNHOMELocated in a family friendly neighborhood with mature trees and views to the gondola. Furnished two bedroom, two bath, one-car garage and a private hot tub. Seller is a licensed Colorado agent. $539,000.


ELK RIVER VALLEYCaptivating views of the ski area and the Flat Top mountains from this 1.54 acre lot. Located only minutes to downtown and the ski area. $399,900.


VILLAS CONDOMINIUMTwo bedroom, two bath condominium remodeled in 2009! New stainless appliances, slab granite, tile, hardwood floors throughout. $469,000.

Stephan Zittel 970.846.4803

THE SANCTUARYFive bedroom, five plus bathrooms in an exclusive neighborhood. Completed Fall 2008. Top-grade finishes, Sub-Z, Wolf, Asko, theater, wet-bar, 2 laundries, hot-tub. $2,395,000.

Stephan Zittel 970.846.4803

SKI TIME SQUAREJust steps from Steamboats slopes! Private entry, fireplace, 3 levels, one and one-half bath, patio on the lawn! $275,000.

Bill Dulan 970.846.5513

MAJESTIC VALLEY TOWNHOMESFinal phase now available! Eight custom duplex townhomes with large, spacious floor plans and quality appointments throughout. All units include heated two car garage. Minutes from the Ski Area. Starting at $795,000.

Ted Hoffman 970.846.1031

VILLAS at WALTON CREEKFully furnished, upper level, 3 bedroom/3 bath condominium with a heated one car garage located only a few blocks from the Ski Area. Features include open floor plan, vaulted ceilings, and an outdoor deck. $499,000

Ted Hoffman 970.846.1031

CATAMOUNT ESTATEFour Bedroom, 6,472 total square feet estate home in the exclusive Catamount Ranch & Club. Exceptional finishes, overlooking golf course with small stream on property. $3,850,000.

Tony Walton 970.846.7577

HAHNS PEAK VILLAGE Beautiful views of Steamboat Lake and Sand Mountain from this 1164 s.f. 2BD/2BA home. Two custom outbuildings are also positioned on this .545 acre lot. Located in a recreational paradise and offered at $359,900.

Marci Valicenti 970.846.9224

LAKE CATAMOUNT HOMESTEAD Developed by the Cordillera group from Vail, this is one of Steamboats premier acreage properties. This parcel encompasses over 50 acres, with a metro water system, large building envelope and 360 degree views. $1,195,000.

Tom Valicenti 970.846.2859

35 ACRE PARCELSCheck out the views on these two parcels! Canyon Valley Ranch Lot 4 is ready to build with a 6gpm well, survey, soils and perc tests completed & offered at $295,000. Doyle Capra Ranch Lot 3 offers 2 building sites and 2 ponds. $495,000.

Tom Valicenti 970.846.2859

Ted Hoffman_June09.indd 1 5/12/09 11:34:14 AM

TUTLE MOON RANCHA 40 min drive from Steamboat Springs or 15 miles from the Hayden airport brings you to this magnificent hunting ranch of 5,900 deeded contiguous acres. Numerous ponds fed by springs and some stocked with trout! Electricity, roads, elk, deer, antelope and game birds makes this ranch a must have for the serious hunter. Priced to sell at $6,000,000.

GRASS RANCHLocated 15 miles north of Hayden this 3,626 acres ranch has 3 miles of creek and reservoirs providing water for livestock, deer, elk, antelope and sharp-tail grouse. This is a great hunting ranch and a candidate for a conservation easement. Priced to sell at $1,000 per acre. May sell in smaller parcels.

TROUT CREEK1/2 mile of great fishing located less than 20 miles from Steamboat Springs! This 315 acre parcel could be developed for resale or kept as your own home site. Buy now at $1,999,999.More land available!

CASH RANCHGet some money back from the government!! This 878+ acre ranch is in the CRP government program that pays you $20,000.00+ a year NOT to plant crops. It is located about 6 miles from Hayden and would make a great home site with views. Offered at $1,232,000.

CRAWFORD RANCH #1035 acre building site less than 20 miles from Steamboat Springs on RCR 179. Trees, view and eletricty on the property makes this a great buy at $189,000. Call now to walk the property.Other lots available at higher prices.


DECADENCE IN DAKOTA RIDGEBoasting incredible ski mountain views, this home is a work of art! Total square footage of 7392 with a 4-car garage on 3.54 acres gives you all the space to do want you want to do! Meticulously crafted and sure to please with an abundance of features including an unbelievable appliance package, video and audio system, media room, expansive decks and so much more! $4,595,000.

NEWLY COMPLETED IN DAKOTA RIDGE Tucked in a 5.70 acre aspen grove, the picturesque windows and spacious decks of this estate reveal beautiful south valley views. Enjoy the privacy of the owners sanctuary in the backyard with custom BBQ and fire-pit area. Room for family and friends and all the toys that come along with a premier property like this and its 7368 total square footage and four-car garage. $4,395,000.

DAKOTA RIDGESituated on over 5 acres with views towards Catamount, this 4BD/4BA home has quite a package to it. Entertainment of family and friends is easily accomplished with the open floor plan, lower level recreation and media room, exercise room & outdoor amenities including fire-pit, hot tub & custom chipping/putting green. $3,450,000.

MOUNTAIN VIEW ESTATESFeaturing views of the ski mountain to Emerald Mountain, this 4BD/3.5BA home features over 3600 s.f. with an additional 776 sq ft of unfinished space on .62 acre. Beautiful reclaimed oak floors, stainless steel appliances, main level master suite, two fireplaces and walk-out lower level to hot tub are key elements. $1,595,000.

DOWNTOWN DOUGLASPossibly one of the nicest fenced, backyards in the downtown area, featuring a stamped concrete patio w/fire-pit, hot tub and large grassy area. Beautifully finished and in like new condition, with 5+BD/4BA and a 3-car garage. Opportunity for secondary unit for income potential. A great value for the downtown area. $1,295,000.


Engineer + Architect = Stagecoach Developers

Stagecoach Reservoir


Ji-ang Song, of Song Mountain LLC, has

retained Patten Associates to assist him

in pursuing a conceptual plan through

the countys subdivision sketch process.

In the process, they hope to down-zone

340 acres of an 896-acre parcel from its

historic high-density residential zoning.

Song promised Thursday that he and his wife,

architect Young Song, would be patient developers.

If you ask me, Whats my wish? Id like to

bring some lots to market in a two- to three-year

timeframe. That may be overly ambitious on my part.

It may take five to seven years, and now, Im think-

ing maybe 15 to 20 years for the (entire) project,

Song said.

Song said he understands that existing neighbor-

hoods in Stagecoach, The Neighborhoods at Youngs

Peak, for example, have existing inventory that

needs to be absorbed. However, he felt that going

forward with the down-zoning and his conceptual

plan would help clarify the future of the develop-

ment land surrounding Stagecoach Reservoir.

The high-density zoning on the land dates to

the late 1960s, when development of the proposed

Engineer + Architect = Stagecoach Developers A Florida-based water resource engineer hoping to develop 272 new building lots on the shoulder of Woodchuck Mountain near Stagecoach Lake State Park has entered the county planning process with a development he says could take 15 to 20 years to fully realize.

TOM ROSS | Steamboat Homender


Stagecoach Ski Area was being anticipated. That ski

area was never fully realized, ultimately becoming

defunct.

Scott Woodford, of Patten and Associates, said the

old zoning allows as many as 3,900 dwelling units

on 3,000-square-foot single-family building lots, com-

pared to the 366 proposed by Song.

We think were bringing in something much more

appropriate for the land itself, Woodford said.

Open to open spaceIn documents submitted to the Routt County

Regional Planning Department, Patten Associates

acknowledges that because the previous owner

of the property did not participate in the formation of the

Stagecoach Community Plan in 1999, it was designated as very

low residential, implying that it was suitable for a density of

single dwellings on 5-acre lots.

The Songs, as representatives of Woodchuck Mountain, LLC,

purchased 2,600 acres in the Woodchuck Mountain area for

$5.5 million in March 2006, according to Routt County asses-

sors records. Song said he intends to follow through on the

development himself and does not plan merely to obtain the

entitlements from the county and market the development.

There also are no immediate plans to develop the balance

of the land not included in the 896 acres comprising the cur-

rent proposal, Song said. If it were to be developed, it would

be as 35-acre home sites or a land preservation subdivision

that clusters those home sites, he added.

My intention is, if I sell something, I probably would sell

the ranch parcel, he said.

Solely the SongsCivil Design Consultants of Steamboat Springs has laid out

roads of the subdivision, Woodford said. Song added that

water and sewer utilities from Morrison Creek Metropolitan

Water and Sanitation District already run to within close prox-

imity of the development pods identified for the initial stages

of the subdivision.

Song said he has not developed a subdivision before and

that he and his wife do not have financial partners.

We are it, Song said.

In his role as a consulting engineer, Song added, he has

become very familiar with the development process.

I began working with the Disney development company in

1982, Song said. I dont think of myself as a developer, but

Ive helped a lot of developers get their projects realized.

Song said he and his family fell in love with Steamboat

after taking ski vacations across North America and in Europe.

He said that when he came from his native South Korea to

begin college in 1970, he already had a passion for rock

climbing and mountaineering. He set that activity aside during

his undergraduate and graduate studies but rediscovered his

appreciation for the mountain environment while teaching his

two sons to ski.

Song is a member of the board of the Palm Beach County

Economic Council. Young Song is a principal in Song and

Associates. Projects include public schools, the Port St. Lucie

Civic Center and West Palm Beach City Center.

Song Mountain subdivision proposal 896-acre master planned community on lower flanks of Woodchuck Mountain Site lies along east side of Routt County Road 16, southeast of Stagecoach Reservoir Preliminary proposal calls for 272 building lots and 366 dwelling units spread among a series of clustered neighborhoods In addition to 260 single-family lots of about 1 acre each, there could be nine duplex lots and three townhome parcels totaling about 88 units In addition to 46 acres required to be set aside for public use (possibly water storage facility and fire station site), 433 acres or 48 percent of site would be devoted to open space

SH

Stagecoach Reservoir


Documents

Steamboat Homefinder Magazine