Recent resort changes and some fantastic new luxury real estate developments at Breckenridge Ski Resort have made investing in Breckenridge, Colorado properties irresistible to the refined buyer. New ski-in/ski-out Breckenridge real estate on Peaks 7 and 8, and at Shock Hill are fetching over $1300 a square foot—still less than luxury properties in Aspen and Vail.
Pre-sales and sales at One Ski Hill Place, The Shock Hill Lodge & Spa, Crystal Peak Lodge, and Grand Lodge pre-sales indicate that the demand for luxury vacation real estate in Summit County is not letting up, regardless of the overall U.S. market.
As Vail Resorts, the owner of Breckenridge Ski Resort, pours millions of dollars into upgrading the ski areas, the new owners of these Breckenridge vacation homes will be enjoying several resort upgrades. Plans are in the works to add a new lift and 450 acres of terrain including 67 acres of clear-cut below the timberline. Another 285 acres will open up above the timberline and will be served by ski lifts. The new terrain includes intermediate, advanced-intermediate, and expert ski runs. Additionally, the Resort proposed to construct a top terminal ski patrol and a warming hut as well as a bottom terminal with facilities for food and beverages. As we speak, Ski Hill Road is being moved to a new location at the base of Peak 7.
As the new developments open, it is expected that the BreckConnect gondola, with a capacity of 3,000 people per hour, will start night and weekend operations. That alone will significantly reduce the need for vehicular traffic to the bases at Peak 7 and Peak 8. BreckConnect passes along the Cucumber Gulch Preserve and features spectacular views of the Ten Mile Range and the Continental Divide.
Scheduled to open for 2009-2010, One Ski Hill Place is Vail Resorts 90-unit development at the base of Peak 8 with price tags ranging from $963 to $1,385 a square foot. Crystal Peak Lodge and Grand Lodge sold out during pre-sales and are being constructed. At the midway station of the new BreckConnect Gondola, the one hundred most expensive condominiums yet are being sold for $3.8 million and feature views of Pristine Villaggio as well as the Resort.
Surrounded by national forests, properties in the resort will serve as wonderful family getaways with winter and summer recreation and resort amenities right outside the door. What more could you ask for? For more specific information and expert real estate assistance, contact Jonna Beardsley of Breckenridge Associates at (970) 453-2200.
