Can I find affordable real estate in Summit County, Colorado?
Is there such a thing as affordable real estate in Summit County?
One of the areas that is seen as a good value is Wildernest. It is near Silverthorne, but not actually in the Town of Silverthorne. Wildernest is a large subdivision that sits at the base of Buffalo Mountain. (A great hike, by the way!) There are a lot of condominium complexes on the hillside and it has more reasonably priced real estate in it than many other parts of Summit County. The name is confusing as there is also a property management company named Wildernest, and they handle a lot of the properties there, but they are not exclusive to the Wildernest area. You can see a list of properties they manage at www.wildernesthoa.com. There, they have all the Home Owner association documents online for the condo complexes and home owner associations managed by Wildernest Property Management.
When people are looking to buy a condo as a short term rental, we suggest that they find one that has access to a hot tub, as many skiers like to soak in the hot tub at the end of the day and having it improves the rental income. Some of the Wildernest complexes that fit that requirement are Timber Ridge, Buffalo Ridge, Buffalo Village, Treehouse, Snowscape, Gore Trail, Watch Hill, Salt Lick, Prospector Village and Forest Park. Others that allow homeowners to have their own hot tubs are Miners Creek, Buffalo Mountain Townhomes, Saddle Ridge and most of the duplexes that are dotted over the mountain. Condo complexes that don’t have hot tubs are turning into local’s housing, with second homes scattered among them. Those are Aspen Shadows, Villamont, Silver Queen West, Silver Queen East, New Lamartine, Buffalo Woods, Snowbird, Woodworks and Summit Point. A new townhome complex, Rolling Ridge, is now under construction at the base of Wildernest. It will have roomy townhomes with garages that will be priced between $500,000 and $600,000.
The Summit Stage has a bus that services the area, connects with the Silverthorne busses, and from there enables people to access other parts of the county. Wildernest is not far from I-70 and is central to the four ski areas in the county, being about 20 minutes from Keystone and Copper Mountain, and 25 minutes from Arapahoe Basin and Breckenridge. Vail is only 30 minutes away in good weather.
The names of subdivisions in Summit County are often similar to each other. To make things even more confusing, nearby, in the National Forest, is the Eagles Nest Wilderness area, which people often call Wildernest. There is also a subdivision named Wilderness (no T on the end) in Breckenridge.
If you are looking for a place has great space for the money, check out Wildernest. In our MLS you would need to search the Silverthorne area, as the two areas are combined together. Let us know if you have any questions. We know the area well!
January 31st, 2008 at 8:04 pm
I really like the Wildernest area. There are some really great views from up there, and getting better and better as more trees come down.
January 31st, 2008 at 9:02 pm
There are views of Peak One, Lake Dillon and Buffalo Mountain, depending which way you are looking. It is a nice neighborhood, and best of all, affordable!
February 17th, 2008 at 10:23 am
There is no question, Wildernest offers a great bang for your buck if you are buying real estate in Summit County. However, regular visitors to Summit County have also long known they get great bang for their buck when renting a vacation home in Wildernest. If you are considering the purchase of a vacation home or condo in Wildernest and are concerned about its rental potential, DONT BE. The Wildernest area has a great reputation as offering affordable, family friendly, easily accessible vacation properties with exceptional views and great ammenities.
If you are looking to maximize rental income and minimize expenses the solution is “self management” or “renting by owner”. The internet has made advertising vacation rentals extremely easy and affordable. www.BookbyOwner.com offers web based management solutions and support services designed exclusively for owners of self managed vacation rentals.