The Porches of Steamboat Springs
There are a few developments in Steamboat that stand out apart from the crowd, those that have been around awhile, that have lots of substance, great amenities, and quality that is unsurpassed. 8 years ago, when I landed in Steamboat, a partner of mine recommended that I take a look at a place that was being developed at the base of the ski mountain, just away from the high density of condos and townhomes that were known to be “ski in/ski out“.
At the time, there was a model in place with plans to build a total of 62 twin townhomes (they since have purchased land and added more inventory; they are up to 83 homes). They were calling it, “The Porches”, which was a brilliant idea to create a “neighborhood” feel with expansive wrap around decks where folks could be neighborly and enjoy getting to know one another. Plans were for whole ownership, along with a fractional component in 4,000+ square foot homes that started at a price point for $1.2 million. No one had ever contemplated that this would fulfill a segment in the market that was missing for Steamboat families who were multi-generational, who wanted to stay under one roof when they came to town. And because it was “off the mountain”, initially, folks weren’t convinced it would be the best product for their lifestyle.
Elegant surroundings overlooking the ski area
But it worked.
The real estate market in Steamboat was just heating up. As a new realtor in town, I became a member of the Porches Listing Team, and began my journey in the new home market, working at the model on the corner of Mt. Werner and Rockies Way. I met a lot of newcomers to Steamboat and learned a lot from the builder, Bruce Shugart. Bruce was coming from the Roaring Fork Valley, and his construction experience was primarily building masterpiece single family homes in Aspen.
Just recently, an article by FractionalLife.com states that over the course of the year The Porches continues to experience a 10% increase in walk-in traffic year after year and closed a handful of transactions in 2010. Click here to to see all available properties at The Porches, in Steamboat Springs.
Here is what they have to say…”The Porches of Steamboat Springs, a mixed-use development in Colorado, says it is bucking the trend in the luxury second home market in Steamboat Springs by maintaining strong sales activity over the course of 2010″.
Witnessing a 10 per cent increase in walk-in traffic year over year, The Porches recently made five sales; two fractional interests in its private residence club and two whole ownership units, as well as the resale of its largest home at $3.49 million – a level of activity described as unparalleled in the current luxury vacation home market in Steamboat.
The flavor of Steamboat for guest amenties is showcased as an inviting Barn
“We believe that our sales success this year is thanks to a combination of our unique product offering and the slow resurgence of the luxury second home market,” said Bruce Shugart, developer of The Porches. “We have remained true to our vision and have consistently delivered on our promise, emphasizing three core tenants: quality craftsmanship, exceptional service and attention to detail. As the economy rebounds, these elements will propel us toward a strong year ahead.”
Interior finishes include post and beam dramatic entries and spaciousness throughout
If you haven’t had a chance to check out the Porches and if you are considering this development as an option for a primary, secondary home or a fractional purchase, contact me. Sometimes the fractional element in homes like these are very involved, and it’s best to find out the facts and long term investment potential before you dive in. In terms of the whole ownership, The Porches is a great option particularly if you are planning on renting your home, due to the clubhouse and amenities they offer.
In my opinion, these are some of the best built homes that you can find in Steamboat, and by far, the best value for price per square foot.
For other luxury properties that are currently on the market in Steamboat, click here.
