Trailhead Lodge Condos Dramatically Reduced

Trailhead Lodge at Wildhorse Meadows in Steamboat SpringsTrailhead Lodge at Wildhorse Meadows, a one-of-a-kind development located steps away from the Wildhorse Gondola, is being re-released this week with dramatic price reductions. The next 15 owners purchasing condos will pay as much as 50% of the original sales price and save as much as $850,000.

Records on file at the Routt County Courthouse reflect that in summer 2009, one- and two-bedroom condominiums at Trailhead, which had been under contract for a couple of years when they closed, were selling for $600 to $1,000 per square foot, depending on where they were located in the five-story building.

A 656-square-foot, one-bedroom condo sold for $575,000 — or $622 per square foot — and a larger one-bedroom sold for $838 per square foot. A 1,139-square-foot, two-bedroom, two-bath condo sold for $1.14 million, or $1,000 per square foot, and a slightly smaller unit sold for $834 per square foot.

“We’d like to get to the mid- to high 400s (per square foot),” said Shane Baldwin, the principal of SilverLeaf Financial of Salt Lake City “There’s not a ton of comps in that market, but it’s hard to know what it’s going to sell at. Can we get to the $500-per-square-foot range? I think there will be buyers at that price. In the worst case, if we can’t reach $450 or $500, we’ll turn them all over to Wyndham Resorts and let them rent them nightly.”

SilverLeaf Financial of Salt Lake City purchased the $57 million in outstanding debt on the unsold condos from Bank of Americai in late October. The construction of Trailhead Lodge cost about $71 million, and the building totals 184,000 square feet.

Trailhead Lodge, in Wildhorse Meadows, is on the opposite side of Mount Werner Circle from the base of Steamboat Ski Area and is linked to Gondola Square by a public people-mover gondola that was built by the original developers. The property is the focal point of a 47-acre development known as the Wildhorse Meadows. The property is located minutes from the base of Steamboat Ski Resort, which can easily be reached via the Trailhead gondola that conveniently transports condo owners and guests to the base of the resort.

The lodge is managed by Wyndham Vacation Rentals. Wyndham offers one of the largest and most diverse collections of serviced vacation rental accommodations in the world. They manage more than 90,000 vacation properties in over 500 destinations. They also provide over 51,000 independent vacation property owners the opportunity to rent their properties through their well-known vacation rental brands. For more information about Wyndham go to http://www.wyndhamrentals.com .

The lodge consists of one 5-story building over a 2-story underground garage, and features a total of 86 residential units. The units total 93,933 net square feet. All of the units are fully decorated with luxury furnishings and appliances. The large windows in the units offer dramatic views of the South Valley and Emerald Mountain. Unit amenities include a balcony, fireplace and lockable storage. The 58 available units are offered in 14 floor plans ranging in size from 461 SF to 2,197 SF (average of 1,142 SF) for a total of 66,254 SF.

Common area amenities include an outdoor patio area with built-in barbecues, a large lap pool, three hot tubs, fitness room, his/her locker rooms and a game room. Each unit includes its own indoor storage space in the underground parking garage. The complex is served by two high-speed elevators.

In the short time that Trailhead Lodge has had vacation rentals in the rental program with Steamboat Resorts by Wyndham Vacation Rentals, the resort has earned the Number 1 TripAdvisor position for specialty lodging in Steamboat Spring.

Trailhead Lodge is one of the best real estate opportunities in Steamboat today!

Contact me to learn more and schedule a showing!

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