Steamboat Real Estate Surpasses $32M in Weekly Sales

Steamboat Springs —Real estate transactions totaled $32,336,890 across 31 sales for the week of August 13 to 19. The Steamboat Pilot reported the figures. That average price tag sits just over a million dollars per deal. It’s a heavy lift for the local market.

The biggest single transaction in that total was a condo at Edgemont. The address at 2415 Chutes Lane sold for $2,962,500. The buyer was Elliliv LLC. The sellers were the Madison M. Trust and Christine Chambers Gilfillan Trust. The sale closed on August 12. The unit is a 1,410-square-foot, two-bedroom, two-bath condo. It sits in Unit 2703. The last time this specific unit changed hands, it went for $1,200,000 in 2016. That’s a jump of nearly $1.76 million in a decade.

Another significant move came from the Landings at Steamboat Subdivision. Bison Mountain Properties LLC sold the property at 1927 Spinnaker Lane to Fairwinds Retreat LLC. The price was $2,075,000. The sale date was August 14. The residence is 2,040 square feet with three bedrooms and 2 ½ baths. It sits on a small 0.11 acres. The property last sold in 2023 for $1,775,000. That’s a quick flip, barely three years later, with a gain of nearly $300,000.

In West End Village, the house at 2653 Abbey Road drew a solid price. David B. and Annie Mueller, along with Annie Richardson, sold to Nathaniel Johnson and Haley Donna Bowman. The final price was $1,425,000. The transaction closed on August 13. The home is a 1,983-square-foot, three-bedroom, 2 ½-bath residence. It sits on 0.36 acres. The lot is number 6. The last sale was in 2012 for $409,800. The owners held it for roughly 14 years before selling.

Vacant land moved, too. Be A Man Buy Land LLC picked up Lot 50 at Overland Subdivision at Stagecoach. The seller was Glenview Trust. The price was $15,000. The parcel is 0.96 acres. It’s on Rowel Trail. The sale closed on August 13. Another land deal involved Fred and Pamela Kohler selling to Be A Man Buy Land. That was Whiffle Tree Trail. The price was $30,000. The lot covers 1.58 acres. It includes Lots 204 and 205 at South Station I.

Homes in Hayden and Clark showed steady activity. In Hayden, Marc and Susan E. Damiano sold to Christopher D. and Lakshmi Morgan. The property at 298 Harvest Drive went for $560,000. It’s a 1,512-square-foot, three-bedroom, 2 ½-bath home. The lot is 0.20 acres. The last sale was in 2009 for $287,000. That’s a doubling in value over 17 years.

Further north in Clark, Matthew Thomas and Kristen Marie Barnard sold to Christopher A. and Melissa E. Sidick. The address is 26730 Neptune Place. The price was $710,000. The home is 1,466 square feet with two bedrooms and two baths. It sits on 0.44 acres in Steamboat Lake Subdivision. The last sale was in 2020 for $385,000.

Not every sale was a luxury move. In Yampa, John Thulin sold to Connor Stephen and Stephanie Jo O’Keefe. The address is 33 Moffat Avenue. The price was $345,000. The home is 952 square feet. It has two bedrooms and one bath. It sits on just 0.08 acres. It’s in the Original Town of Yampa.

In Oak Creek, William E. Blackwell III sold to Elzo Rentals LLC. The property is at 1295 Conestoga Circle. The price was $650,000. It’s a 572-squarefoot, one-bedroom, one-bath residence. The lot is 0.33 acres. The last sale was in 2020 for $169,900. That’s a steep climb for a small footprint.

The data shows a market where land banks and LLCs are active players. Be A Man Buy Land LLC took two separate parcels in Oak Creek. Elzo Rentals LLC bought a small home in Oak Creek. These aren't just families moving into their first houses. They are investors. They are looking at the valley as an asset class. The prices keep rising. The inventory of older homes flipping faster is evident. The gap between the 2020 lows and current prices remains wide. That’s the reality for anyone trying to buy in these subdivisions.