Property News: Two New Development Opportunities In Hot Ski Markets
Winter is fast approaching, and soon mountainsides across the U.S. will be covered in blankets of powdery snow. That means skiers, snowboarders and winter sportspeople will be heading to their favorite resorts towns to partake in all the frosty fun, many as new residents.
Last year saw record-high transactions for many mountain markets and the pace has only continued in 2021. The only factor that seems to threaten to cool the current market is a tightening supply.
Development opportunities are hitting the market to alleviate the short supply, giving investors and buyers alike the chance to ascend this climbing real estate boom.
So whether you’re looking to invest in some of the country’s top real estate or want to enjoy that mountain lifestyle, be sure to check out these new development opportunities.
Alpenglow — Lake Tahoe, California
With over a decade invested in preparation, including obtaining an approved subdivision tentative map and a certified Environmental Impact Report and Conditional Use Permit, Alpenglow is every developer’s dream.
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Sitting at the base of the Alpine Meadows Ski Resort, Alpenglow comprises 47 acres of uninterrupted mountain terrain with entitlements in place for a 38-lot residential development with additional parcels for neighborhood amenities.
The development plans have also been proposed as a single estate with multiple accessory dwellings and private facilities.
Forthcoming development in Alpenglow will be the first new product built in the valley in a generation.
Bordering the property is land administered by the US Forest Service, with trails connecting into Page Meadows and the Tahoe Rim Trail. Minutes away is access to the 6,000 skiable acres of Alpine meadows and Olympic Valley.
Alpenglow is listed at $15,000,000 and held by Jeff Brown of Tahoe Mountain Realty.
AngelView At Twin Lakes — Twin Lakes, Colorado
Nestled by the glacial waters of the Twin Lakes, AngelView, which will be the first-ever gated luxury community in the town of Twin Lakes, Colorado, could be a signal that the high demand for ski-resort properties has flowed downstream to Lake County.
Plans include 18 home sites ranging from three to four acres out of a 75-acre property at the base of Mt. Elbert, the highest mountain in Colorado.
Each lot has a 20% area of influence where the buyer can build—large enough for a sizable home while ensuring that the remaining 56 acres will stay undeveloped to protect privacy and open space, as well as maintain the scenic beauty of the mountainside that includes lakes, waterfalls and lush forests.
The project, spearheaded by producer-developer Alan Elias, will include such amenities as a community clubhouse, private events center and onsite adventure concierge, a unique service that provides outdoor experiences such as rafting, fly-fishing and mountain biking.
Listed by Slifer Smith & Frampton Real Estate, AngelView is located 35 minutes from Aspen, giving residents privacy without isolation.
Prices for home sites start at $1,025,000. Reservations are now being accepted.
Slifer Smith & Frampton Real Estate and Tahoe Mountain Realty are founding members of Forbes Global Properties, a consumer marketplace and membership network of elite brokerages selling the world’s most luxurious homes.