REAL ESTATE & MOUNTAIN LIFESTYLES | MARCH 2013
from seibert to slifer, a closer look at how real estate and recreation helPed shaPe our valley
DESIGN & STYLE MARKET SNAPSHOT THE FORD CONNECTION REAL ESTATE SHOWCASE Visit vvhmag.com to read our tablet and desktop edition JANUARY 2013 | VAIL VALLEY HOME
1
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)URP FODVVLF WR FRQWHPSRUDU\ VW\OHV ZH KDYH \RX FRYHUHG “Great Values are still available in Beautiful New Flooring!â€? Roger Benedict • President, Ruggs Benedict - Carpet One 2
VAIL VALLEY HOME | MARCH 2013
/LIHWLPH ,QVWDOODWLRQ *XDUDQWHH - Because the installation is an important part of a beautiful floor, we employ a great staff of fully trained professional installers. We stand behind your new floor with a lifetime installation guarantee.
Serving the Vail Valley since 1972 810 Nottingham Road, Avon • 970-949-5390 • www.ruggsbenedict.com
WE LOOK TO THE PAST FOR KNOWLEDGE. WE LOOK TO THE FUTURE WITH VISION.
Five decades working in the Vail Valley have given us unique knowledge and perspective. We know this market like no one else because back in 1962, Rod Slifer was the ďŹ rst full-time, local real estate broker here. We continue to lead with nearly half of the area’s total sales volume annually attributed to our brokers. Let us use our vision and pioneering spirit to help you discover the possibilities for your future in the Vail Valley.
VA I L R E A L E S TAT E .CO M
I L n! S N VA Fu O F p T I O sto L A T Y on U NI N AT U and R G M ng N M kii O O S C E C s of T H ear TO 5 0 Y r Fo
M E ET
SEBASTIAN ...AN D YOU WI LL OWN TH E MOU NTAI N.
Ownership at The Sebastian - Vail is fun, affordable and absolutely effortless. It begins with a lavish spa, lively dining and nightlife, spacious mountain-view residences and your own slopeside base camp, so you can step into your ski boots and onto the lift. The Private Residence Club is the perfect way to have it all, yet without the worries of traditional second-home ownership. In addition, Owners also enjoy reciprocity throughout the worldwide properties in the Timbers Resorts portfolio. Come visit us at 16 Vail Road today.
970.331.0733 | 866.507.8012 www.residencesatthesebastian.com MODEL RESIDENCE OPEN DAILY
Dancing Bear Esperanza Doonbeg The Orchard The Rocks Timbers Club Mayacama Villas at Rancho Valencia One Steamboat Place Castello di Casole Botany Bay The Sebastian Aspen Cabo San Lucas Ireland Napa Scottsdale Snowmass Sonoma Southern California Steamboat Springs Tuscany U.S. Virgin Islands Vail This advertisement does not constitute an offer to sell or the solicitation of an offer to purchase to residents of any state or country where registration is required and is not yet complete. Botany Bay is not included in the Timbers Reciprocity Program.
FEBRUARY SALE UP TO 30% SAVINGS
WORTH HOME
141 EAST MEADOW DRIVE | SOLARIS | VAIL, COLORADO 81657 970.476.3224 | SHOP@WORTHINTERIORS.COM
MOUNTAIN LIVING ‘TOP MOUNTAIN INTERIOR DESIGNER‘
50% recent home buyers are first-time buyers
income vs Buying
s
20%
12%
female
male
REcent home buyers
12 DESIGN & STYLE Vintage picks for the house and home. 19 MARKET
SNAPSHOT
A round-up of local facts and figures.
$59,000
22 FINANCIAL
HEALTH
A crash course in mortgages. 24 UPGRADES
& MAKEOVERS
$87,000 The MEdium income among first time home buyers vs repeat buyers Sources: Bureau of Economic Analysis; National Association of REALTORS速; Macroeconomic Advisors; Harvard Joint Center for Housing Studies, Colorado Multiple Listing Services, Realty Trac, U.S. Census Bureau, State Division of Housing; EconPost, Everitt Real Estate Center, Leeds School of Business, Denver Business Journal, Denver Post, Wall Street Journal, Colorado Office of Economic Development
from the Vail Board of REALTORS速 MLS Powered by 10K Research and Marketing.
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VAIL VALLEY HOME | MARCH 2013
Automated systems for the home allow for off-site control. 28 PROPERTY
SPOTLIGHT
The Four Seasons in Vail Village delivers a world-class experience.
36 NEIGHBORHOOD
SPOTLIGHT
Before the days of Vail Village and the Vail Golf Course, the Antholz ranch was an enormous parcel on the valley floor.
SHOWCASE
A selection of some of the best properties on the local market. 59 SERVICE
DIRECTORY
39 SOCIAL GALLERY Out and about at events and parties. 42 COVER STORY Vail was an idea long before it was a resort, and the original crew started from scratch.
51 REAL ESTATE
An extensive list of local brokers and REALTORS速. 62 THE VIEW A look at how it used to be.
47 LIFESTYLE
FEATURE
President Gerald R. Ford left a mark on the valley.
IMAGES COURTESY OF VAIL RESORTS PHOTOGRAPHY
“Thank you for your interest in these distinctive, one-of-a-kind properties. I look forward to the opportunity to be of service to you and your family.” LEDYARD Luxury
LEDYARD Luxury
Led Gardner
GARDNER
Real Estate
Trust. Knowledge. Hard Work. Results.
GARDNER
Real Estate
VAIL • ON GORE CREEK A truly unique opportunity, Gore Creek Place 13 and 14 are two of Vail’s most gorgeous creekside residences. A quiet location on the banks of Gore Creek… exquisite finishes and innumerable upgrades... beautiful ski mountain views... livable floorplans... private, oversized heated garages... ample guest parking… tons of storage… and a location but a quick stroll to the ski lifts. All of this and more come together to make for a wonderful home in Vail. Whether looking to expand from a condominium, or downsize from a larger home, these properties warrant your close consideration. 4 Bedrooms. 4 ½ Baths. 3,300+/- sq. ft. MLS# 914010 @ $5,850,000 MLS# 912291 @ $6,495,000
www.gorecreekplace13.com www.gorecreekplace14.com
RESIDENCE #13 UNDER CONTRACT
VAIL • SKIIN/SKIOUT CREEKSIDE CONDOMINIUM
ARROWHEAD • SKIIN/SKIOUT HOMESITE
Perfect ski access, wonderful amenities, a corner, creekside location and gorgeous views to the slopes highlight this terrific 1 Bedroom / 1 Bath hideaway. Solid rental history.
Ideally situated on a private ski-way, you’ll cherish sweeping vistas and the celebrated amenities of one of the valley’s most noted gated communities. Adjoins 4+/- acres of contiguous open space. Gorgeous!
686 +/- square feet. Recently Reduced to $800,000 | MLS# 913459
2.06+/- acres. $3,690,000 | MLS# V323144
www.lsl374.com
www.2355cresta.com
Led Gardner 970-376-0223 • Led@LedGardner.com • www.LedGardner.com MARCH 2013
| VAIL VALLEY HOME
9
WELCOME
FROM THE BOAR D
Julie Retzlaff Chair Terry Nolan Chair Elect Bethany Boston-Johnson Sectretary Matt Blake Past Chair Michael Routh MLS Director Directors Scott Bandoni Mike Budd Dana Correia Tom Dunn Led Gardner Liz Leeds Affiliate Liaison Matt Kozusko Association Executive Amy Reid
ON THE COVER The pioneers of early Vail look down on their blank canvas with brushes in hand. What will the final masterpiece look like? Only time will tell. Photo courtesy of Vail Resorts Photography.
Sincerely,
The Vail Board of REALTORS® Board of Directors
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VAIL VALLEY HOME | MARCH 2013
DON ROGERS Publisher CATHY ETHINGTON Advertising Director PATRICK CONNOLLY Sales Lead WREN WERTIN Editor ALI & AARON CREATIVE Design & Creative Direction Carrie Calvin Art Director DOMINIQUE TAYLOR Photo Editor PRODUCTION & DESIGN Louie Atencio, Afton Groepper, Carly Hoover, Malisa Samsel ALI & AARON CREATIVE Creative Consulting CONTRIBUTORS Jack Affleck, Kathy Filgo, Brenda Himelfarb, Kelli Holtz, Ross Leonhart, Justin McCarty, Kim Nicoletti, Ed Stoner Vail Valley Home is published monthly by Colorado Mountain News Media, 40780 U.S. Hwy 6 & 24, Avon, CO, 81620. No part of this publication may be reproduced without the express written consent of the publisher. ©2013 Colorado Mountain News Media.
POSTCARD COURTESY OF THE BRICKLIN ARCHIVES
F
or some of us it’s hard to believe that this ski season marks Vail’s 50th anniversary. Whether your relationship with this world-class resort and its surrounding communities spans decades or a few seasons, it is evident wherever you look that the area has become a desirable home and vacation locale for lovers of the mountain lifestyle from all over the world. No doubt Vail’s founders were dreamers, but we can’t help but wonder if they ever imagined the Vail Valley would reach today’s splendor. Throughout the entire valley the resident and second homeowner population continues to increase, making the real estate market one of the area’s most important economic engines. The close of 2012 marked exciting trends in our real estate market. As savvy buyers and sellers complete their transactions, the trusted advice and professionalism of a REALTOR® is more sought after than ever. Our organization, its Members and partners exist to provide the most informed, ethical and comprehensive options for clients and their real estate needs. In service to that commitment, we offer the February edition of Vail Valley Home. Within its pages we are sure you will find valuable information to inspire and inform your next great decision in writing your own Vail Valley history. Here’s to the next 50 years!
Vail Board of REALTORS® 2013 0275 Main Street, Suites 003 & 004 · Edwards, CO 81632 Tel: 970.766.1028 Fax: 970.766.1030 E-Mail: info@vbr.net Website: www.vbr.net
“Thank you for your interest in these distinctive, one-of-a-kind properties. I look forward to the opportunity to be of service to you and your family.” LEDYARD Luxury
LEDYARD Luxury
Led Gardner
GARDNER
Real Estate
Trust. Knowledge. Hard Work. Results.
GARDNER
Real Estate
EDWARDS MAGNIFICENT 35ACRE ESTATE 909 Ute Forest Lane is one of the most sophisticated and imaginative estates in the Vail Valley, welcoming you with stunning architecture, extraordinary views and a wealth of exceptional touches throughout. Private, serene and secure, the property is situated on 35 magnificent acres which serve as a treasured spiritual retreat from the everyday world. Receiving passionate accolades from all who visit, this is the perfect retreat for those who appreciate the best, and are seeking more than just another resort home. 8,164 +/- square feet $8,995,000 / MLS# 915107
www.909uteforest.com
VAIL VILLAGE ON GORE CREEK
BACHELOR GULCH RITZCARLTON PENTHOUSE #902
Located in one of Vail’s most treasured buildings, Riverhouse #4 offers a gorgeous creekside setting that is but a few steps to the village and new gondola. Ideally situated on Bishop Park, the locale is quiet, private and serene. Enjoy over 39 feet of covered deck, with the sounds of the water rising to greet you. A rare opportunity to create a legacy property of your own.
One of the Vail Valley’s premiere penthouse residences, with perfect ski-in/ski-out access, stunning views and elegant décor. Private elevator provides immediate access to all of the luxuries and unparalleled services of the Ritz-Carlton. Bachelor Gulch Club Membership included!
2+ Bedrooms. 3 Baths. 1,555+/- sq. ft. $2,150,000 / MLS# 916608
3 Bedrooms. 3½ Baths. 2,074+/- sq. ft. $3,135,000 furnished | MLS#912510
www.ritz902.com
Led Gardner 970-376-0223 • Led@LedGardner.com • www.LedGardner.com
DESIGN & ST Y LE
By KELLI HOLTZ
V V I N TAG E VAI L
FRAMING THE PAST VINTAGE PHOTO: Visit Mount-N-Frame in Vail for a framed piece of history, MOUNT NFRAME.COM; ANTIQUE SKIS: Invest in
classic artifacts from a time past like skis and snowshoes, VINTAGESKIWORLD.COM; JEWELED FRAME: This Stockholm jeweled frame from Gorsuch Vail adds class and flash to your favorite photo, GORSUCH.COM.
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VAIL VALLEY HOME | MARCH 2013
Vintage Vail is full of rustic antler chandeliers and detailed, eccentric design elements. Let’s dissect some of the time-tested chalet decor and simplify it for a fresh take on mountain chic. First, get rid of any stuffed animals and try something inspired by the real thing. Think about incorporating small accents of faux fur — or even the real deal — in picture frames, throw blankets and pillows. Next bring in subtle cues and inspiration from your natural surroundings. Try accenting that cozy coffee table with a set of birch-wrapped candles, then bring it all together on the end table with a birch bark reading lamp. And don’t forget to invest in statement-making pieces that will stand the test of time. Stage a set of classic wooden skis with a vintage, framed photograph and give guests something to feel nostalgic about no matter the season. In the kitchen or bar start small with items like plates, bowls and decanters. Finish off with accents such as placemats, wine racks and serving trays. From the textures, colors and natural beauty of our worldfamous resort destination, take inspiration from Vintage Vail this month and bring a part of the past into your present. >>>
Let our past achievements inspire your future ones.
The Ritz-Carlton Residences, Vail
Sold
Luxury living at its finest
54 Beaver Dam Rd.
Style 1003 Lake Creek
and grandeur with distinctive mountain charm
Surround yourself with the extraordinary. From remarkable homes to exceptional services, Ascent Sotheby’s International Realty is the boutique real estate firm that delivers stunning results. Backed by the global reach of the Sotheby’s International Realty ® network, our professional brokers are skilled at identifying opportunities that are in perfect harmony with your goals.
Visit TheAscentReport.com for access to detailed market trends and analysis for the Vail Valley.
970.476.7944 AscentSIR.com Each office is independently owned and operated.
Two Vail Village Locations: The Mountain Haus and Bridge Street
Come See Mountain Contemporary in Cascade Village
HOMEFRONT
DESIGN & ST YLE
V I N TAG E VA I L
Convenience and comfort at Westhaven. This three bedroom retreat is ideally located offering walking distance to chair lift, dining and world class Cascade Resort and Spa. Call for your private tour. $2,150,000
ELLYN COURTOIS 230 Bridge Street Located just across the Covered Bridge 970.331.8232 | ecourtois@slifer.net www.BestHomesInVail.com
COURTSIDE TOWNHOME #29 VAIL
Upgraded 3 bedroom townhome with large bonus room. Backs up to scenic meadow and hillside. Attached 1-car garage. Close to free Town of Vail bus.
Offered at $899,000 furnished
For more information and directions
Contact:
Cathy Miskell
970.376.7227 or cmiskell@slifer.net
VailRealEstate.com 14
VAIL VALLEY HOME | MARCH 2013
www.UpscaleVail.com
BACK TO BASICS END TABLE: Brighten up the bedside with the classic Karl End Table from Worth Interiors in Avon, WORTHINTERIORS. COM; MIRROR: The rustic Josiah Mirror by Uttermost adds depth and drama to your living area, LAMPSBEAUTIFUL.COM; CANDLES: Light it up with custom birch bark candles by Roost, available at Betty Ford Alpine Gardens gift shop in Vail. THROWS: Cuddle up on that soft leather couch in front of the fire with these high-quality alpaca fringed throws by Pendleton, PENDLETONďšşUSA.COM; CHAIR: Set the tone for the season with these sturdy, custom-upholstered, embroidered Stag chairs by Ankasa, ANKASA.COM.
Premier Opportunities
Vail Village 295 Forest Road • $5,950,000
Vail 2995 Booth Creek Drive • $2,499,000
Vail Golf Course 1448 Vail Valley Drive • $3,195,000
Mountain Star 908 Chiming Bells • $4,495,000
Recently Sold Vail • 1333 Westhaven Drive Vail Village lot • 625 W Forest Rd Vail Antlers Lodge 516 • $2,295,000
Please contact me at (970) 390-4324, dcaynoski@slifer.net, or online: www.caynoski.com
VailRealEstate.com
Vail • 4301 Glen Falls Drive
HOMEFRONT
DESIGN & ST YLE
Looking for a title company you can trust? You’ve already found one. V I N TAG E VA I L
Looking for a title company you Another reason Stewart Title can trust? You’vewhy already found one.
is the right title company for you.
We are incredibly proud that Stewart has been named by Forbes® magazine as one of America’s Most Trustworthy
Another reason why Stewart Title Companies. strive every day to be worthy of the trust you place is the right titleWe company for you.
in us, so you proud knowthat that when We are incredibly Stewart hasyou beenchoose named byStewart, ® Forbes magazine as one of America’s Most Trustworthy on us to be there for you today, tomorrow and well Companies. We strive every day to be worthy of the trust you place
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Contact today for you a rate quote in us, so youus know that when choose Stewart, you can count on to be there for you today, and well into the future. forusyour upcoming saletomorrow or refinance. Contact usTitle todayCompany for a rate quote Stewart for your upcoming sale or refinance.
97 Main Street, #W-201, Edwards. CO 81632
Stewart Title Company (970) 926-0230 main (970) 926-0235 fax stewart.com/vail 97 Main Street, #W-201, Edwards. CO 81632 (970) 926-0230 main (970) 926-0235 fax stewart.com/vail
© 2013 Stewart.
© 2013 Stewart.
Plan Your Luxury Vacation With Us Today Luxury Home Rentals offers an exclusive portfolio of vacation rental residences in Vail, Beaver Creek, Bachelor Gulch and Arrowhead. All 2012 Winter reservAtions Booked Will receive our Five-stAr v.i.P. PAckAge
888.699.8556 | eastwestluxuryhomerentals.com
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VAIL VALLEY HOME | MARCH 2013
THE KITCHEN CLASSICS CARVING BOARD: Every well-prepared dish deserves an equally elegant presentation, and this elaborate cutting board from Gorsuch takes the cake, GORSUCH.COM; PLACEMATS: Dress up dinner with cowhide placemats by Chilewich from Annie's in Vail; WINE GLASSES: Hand-etched in Germany, these Megeve wine glasses from Gorsuch hearken to times of celebration and lore, GORSUCH.COM; NESTING BOWLS: Bring back deco with Beehive Kitchenware's ceramic Laurel Mixing Bowls, available at Betty Ford Alpine Gardens gift shop in Vail.
ABOUT KELLI HOLTZ, A.S.I.D. | Kelli Holtz has enjoyed living and working in the Vail Valley as an Interior Designer since 2003. She creates unique interior spaces and is passionate about all facets of design. Kelli can be reached at kelli@holtzdesignstudio.com
LIVE LUXURY OUTDOORS 970.926.8185 | www.insideoutfurnishings.net
Austria Haus Club
LOCATED IN THE HEART OF VAIL VILLAGE
M
Members of the Austria Haus Club experience an unparalleled level of service and amenities delivered in an elegant European tradition. Stunning two and three bedroom condominiums feature world class amenities and offer the convenience and flexibility of equity ownership with prestigious year round membership benefits. Deeded ownership interest ensures five weeks of planned vacations a year plus space available.
• Ownership is offered in 1/9 deeded shares • Owner usage includes 2 winter weeks, 2 summer weeks and one week in the spring or fall of each year. • 2 bedroom Residence fractional membership starting at $205,000 • 3 bedroom Residence fractional membership starting at $240,000
Flat screen TVs in every room, full kitchens, large dining room table, beautiful bathrooms. An uninterrupted view of the mountain, each balcony overlooks the pool and hot tub The Austria Haus service includes: daily housekeeping, valet parking, bellman, concierge, ski valet, and access to the Vail Athletic Club. The property provides a daily breakfast.
For more information and a personal tour contact
Jean Mitchell
Sonnenalp Real Estate 970-331-3236 or jean@srevail.com
homefront
FAC TS & FIGUR ES
american dream
driving home
76% of people Considered commuting costs important before purchasing a home
50%of ofrecent recent home 50% homebuyers buyers arefirst-time first-time buyers are buyers
76%
Division of the sexes
20% 20%
single females single females
12% 12%
single males single males
REcenthome home buyers buyers REcent
REcent home buyers
Sources: Bureau of Economic Analysis; National Association of REALTORS速; Macroeconomic Advisors; Harvard Joint Center for Housing Studies, Colorado Multiple Listing Services, Realty Trac, U.S. Census Bureau, State Division of Housing; EconPost, Everitt Real Estate Center, Leeds School of Business, Denver Business Journal, Denver Post, Wall Street Journal, Colorado Office of Economic Development
MARCH 2013 | VAIL VALLEY HOME
19
HOMEFRONT
FAC TS & FIGUR ES
Rising Real Estate, Rising Spirits
W
Local real estate data shows continued improvement, matching state-wide and nation-wide trends
With the national housing market showing strong and continued signs of recovery, local real estate experts are optimistic for sales in Eagle County to follow suit; numbers from the latest Quarterly Indicators Report (QIR), collected from Q4 of 2012, support reasons for optimism. While many potential threats to the economy lingered, the housing market clearly showed strong and continuing signs of recovery. Leading the statistics for the nation, Colorado is showing improved inventory and rising prices. Eagle County numbers also present positive signs, new listings decreased 19.4 percent; pending sales were up 26.6 percent; inventory levels shrank 26.2 percent; the number of days a property spent on the
20
VAIL VALLEY HOME | MARCH 2013
by Vail Board of realtors market was down 24.5 percent. Prices softened somewhat, with the median sales price decreasing 17.6 percent to $445,000. “It’s encouraging to see this steady increase in positive housing data,” said Julie Retzlaff, Chairperson of the Vail Board of REALTORS® Board of Directors. “When looking at the statistics not only from the last quarter, but year over year, we’re seeing a definite increase in the number of properties going under contract and selling; prices are stabilizing in some areas of the county as well.” Limited inventory, coupled with record low mortgage interest rates, is maintaining the upward momentum in home prices but factors such as restrictive mortgage underwriting standards are
limiting the number of actual sales. Prospective homebuyers are experiencing rising confidence and financial stability, leading to a more competitive market for the limited inventory. Economists list three primary avenues to the housing recovery: better market fundamentals, improved market composition and more jobs. Many areas of Colorado are enjoying better fundamentals and less distressed activity. If job creation and growth continues in 2013, housing could help lead the way to economic recovery in Colorado with the number of sales and prices continuing to rise in 2013. “This is an excellent example of the powerful information that is contained in these reports,” continued Retzlaff.
“Trends can vary widely across Colorado and the nation. We feel that sharing these numbers and identifying key developing ideas is of value not only to potential homebuyers, but to businesses in the community.” If the housing market is an indicator of an improved economic market in both the Vail Valley and Colorado as a whole, the benefits are being seen and experienced by business owners around the Valley. Mortgage brokers, though constrained by certain rigorous standards and new rules that are being updated approximately every six months, are seeing a benefit from the increased rules and regulations — which could translate to benefits to potential buyers. “We’re seeing new companies blossoming and coming out of the woodwork,” said Jimmy Brenner, President of Blue Sky Mortgage in Avon. “Most of the unreliable companies have gone away, leaving trusted companies.” The title industry is seeing benefits for potential buyers as well. “With the combination of Interest rates being at all-time lows and affordability being at a high, buyers right now can get into larger or nicer homes for the same or lesser monthly payments than the home they’ve sold,” said Julie Heaton, Marketing Director at Stewart Title in Vail. “Additionally, we have seen 30 year fixed mortgages as low as 3% and 15 year notes under 3%. It is truly remarkable how much these rates increase buying power in today’s market. Extremely low interest rates, coupled with the lowest home prices we have seen in several years, are forcing many buyers off the fence and into new homes.” The inevitability of rising mortgage rates is a compelling reason to consider a timely purchase. Mortgage interest rates are expected to gradually rise as
Eagle County Statistics the year progresses, according to National Association of Realtors President Gary Thomas, though they’re projected to stay below four percent during the first half of the year. Additionally, new construction is anticipated to surge in 2013, according to the National Association of Home Builders. Both single-family homes and multifamily units are expected to rise nearly 22 percent nationally in 2013, creating a positive upswing in construction jobs and contributing to the overall economic health of cities and states. Increased home sales of both
ment,” continued Jacobs. “It’s more thoughtful design, more of a phased approach. However, our clients are still buying quality and still want quality because they’re anticipating being here for a while; it’s not just a rental investment.” It’s not just businesses that benefit from the stabilizing and growing housing market— families can reap the benefit as well. A 2001 study by the Joint Center for Housing Studies at Harvard University “observed that children of homeowners have better home environments, high cognitive test scores, and fewer behav-
WE’RE SEEING NEW COMPANIES BLOSSOMING AND COMING OUT OF THE WOODWORK
Gypsum
eagle
Avon
Vail
edwards beaver creek red cliff
Colorado State
Eagle County
New Listings Fourth Quarter
Year to Date
467
439
422
1,985
1,950 340
+6.4%
-9.6%
-19.4%
2010
2011
2012
2009
2009
1,766
1,693
+1.8%
-11.0%
-4.1%
2010
2011
2012
pending sales
new and existing construction also means jobs for other professionals. Yvonne Jacobs, President of Slifer Designs in Edwards has seen an increase in business in the last year both in the retail and residential design side of Slifer Designs. “The deals out there are like nothing other, so we’re seeing both buyers who are purchasing a second home because the deals are so good as well as people who are getting into market because now is the time to buy,” explained Jacobs. The selection and choices in the housing market are bringing in new business to the Valley; while the renovation and redesign plans may not be as extensive as in 2007 and 2008, the desire to “make it their own” is sending clients to Slifer Designs. “Maybe they’re not signing on for a complete remodel, maybe it’s just a room at a time, but it’s still a positive move-
ior problems than do children of renters”—and the results hold even after controls were set for economic, social, and demographic variables. “The independent impact of homeownership combined with its positive impact on the home environment results in the children of owners achieving math scores up to nine percent higher, reading scores up to seven percent higher and reductions in children’s behavior problems of up to three percent” (Haurin, Parcel and Haurin, 2001). The continued improvement in the real estate sector means an optimistic outlook for the entire community, and the real estate market is an economic indicator that is worth following as it continues to strengthen in the upcoming year.
Fourth Quarter
Year to Date
271 191
1,196
214 849
148
898
575
+29.1% +12.0% +26.6% 2009
2010
2011
2012
+47.7% +5.8% +33.2% 2009
2010
2011
2012
Sold listings Fourth Quarter
Year to Date
345 229
1,163
255
855
172
536
+33.1% +11.4% +35.3% 2009
890
2010
2011
2012
+59.5% +4.1% +30.7% 2009
2010
2011
2012
Current as of January 12, 2013. All data from the Vail Board of REALTORS® MLS Powered by 10K Research and Marketing.
MARCH 2013 | VAIL VALLEY HOME
21
HOMEFRONT
FINA NCIA L HEA LTH
A
MORTGAGES MADE SIMPLER The world of home finance has changed, but it’s still within reach
After years of confusion, lack of regulation and massive difficulty, obtaining a home loan has finally become more streamlined. The pendulum has swung to and from both extremes: Leading up to the recession, lenders seemed to be giving out money left and right in what has been termed NINJA loans — approving mortgages for people with “no income, no job and no assets.” The mess not only caused home prices to crash, but also caused about 80 percent of professionals involved in home loans nationwide, from mortgage brokers to title companies and appraisers, to “evaporate,” said Chris Neuswanger, of Macro Financial Group in Avon. Those who remained in business toughed it out through the “lean years.” Mass confusion The scarce business wasn’t only a result of buyers’ fear of significantly declining home prices; it also resulted from lender uncertainty. “In 2009 and 2010, the rules were so much in flux, we honestly did not know what the lenders were looking for — and some days the lenders didn’t know what they were looking for,” Neuswanger said. To make matters worse, home appraisals often came in well below the selling price both sellers and buyers had agreed on, creating problems since most loans cannot exceed 80 percent of the appraised value. As real estate
22
VAIL VALLEY HOME | MARCH 2013
By KIMBERLY NICOLETTI
IN 2009 AND 2010, THE RULES WERE SO MUCH IN FLUX, WE HONESTLY DID NOT KNOW WHAT THE LENDERS WERE LOOKING FOR — AND SOME DAYS THE LENDERS DIDN’T KNOW WHAT THEY WERE LOOKING FOR.
values dropped relatively quickly, there wasn’t a solid measuring stick for lenders to rely upon. “Now property values are stabilizing, so appraisal is not the bottomless pit it used to be,” Neuswanger said, adding that if an appraiser sets a home lower than 80 percent of the agreedupon selling price and a seller won’t come down on price, bor-
rows can still get loans, but they must pay a higher interest rate or increase their down payment. When loans became so difficult to obtain in the past couple of years, many people shied away from even applying. But in the last six months, the trend has shifted. “It’s worked itself out a bit to where people aren’t as afraid to
apply for a loan because they’ve seen their neighbors or family get them, and the industry has figured out what’s going to be required to get a loan,” he said. As he explains, the pendulum swung from loans being “way too easy to get to being way to hard. Now it’s coming back to the middle.” The clearer rules regarding loans, including industry professionals agreeing on what paperwork, assets and check-and-balance systems to use, has decreased frustration overall and made obtaining loans more straightforward. In addition, federal and state government entities now license and regulate mortgage brokers — something that didn’t occur on a federal level until 2011 and didn’t occur in Colorado until 2009. These days, brokers’ ads, record keeping and other professional practices must meet specific standards. “That keeps everybody on their toes,” Neuswanger said. So what does it take? Though borrowing standards haven’t become easier, mortgage brokers have learned what to expect and how best to prepare their borrowers to meet industry requirements, which have finally stabilized. Now, Neuswanger can look at borrowers’ tax returns, credit reports, assets and current income and let them know if they’ll be able to secure a loan. Main factors involve credit reports and salary.
Those who are self-employed may benefit from talking to a broker about their 2012 tax returns before filing “to make sure they’re not shooting themselves in the foot by claiming too many deductions,” Neuswanger said. “Even a few hundred dollars in deductions can make a difference … if you’re a dollar short, it’s ‘good-bye,’ so it may be worthwhile to trim home office or mileage deductions (because) once they file, it’s too late.” Borrowers also should review their credit reports to ensure there are no errors and to remove outdated information. Credit scores result from a number of different factors, including obvious dings like late payments. Beyond paying on time and avoiding credit card debt, there are a few guidelines to increasing credit scores. The system takes into account how long borrowers have kept a credit card and what percentage of available credit they use. In general, people should only use 40 percent of their credit line and keep cards as long as possible; a middle-aged person should show an average credit card holding of at least 10 years, Neuswanger said. Opening and closing credit cards for short-term benefits usually doesn’t pay off in the long run. “The credit standards are much higher, and the underwriting is much more thorough,” Neuswanger said. “They have people re-check the people who re-check things.” And the vigilant system doesn’t stop when a borrower receives loan approval. Officials monitor credit reports up to the day of closing, and they verify that the borrower still has a job a couple days before closing. In fact, about a week ago, one of Neuswanger’s closings got held up for a couple of hours because minutes before all of the papers were to be signed, watchdogs discovered the borrower had applied for a new credit card the day before, and the red flag meant more red tape. The borrowers had to explain why they
opened the card and also had to assure the loaners they hadn’t charged anything on the card. Neuswanger’s latest experience is much different than the “easy,” pre-2007 days, when he recalls that all one lender needed for proof of self-employment was a business card from the borrower. Lenders often accepted tax returns — with all of the numbers, net income included, blacked out — simply showing self-employment activity. In addition, they rarely, if ever, verified the tax returns with the Internal Revenue Service. These days, borrowers who can afford it put 20 percent down to avoid mortgage insurance, which increases monthly payments and doesn’t count toward principal. A buyer must put at least 3 percent down to obtain a loan. Interest rates depend upon the amount of the down payment, the terms of the loan (number of years, as well as fixed or adjustable interest rates), credit rating, and who pays closing costs. Now, interest rates are at an extreme low. In the early 1980s, interest rates remained in the double digits; Neuswanger paid an 18-percent interest rate on the first home he owned in the Vail Valley in the early 1980s. About a decade ago, rates hovered in the high 6s and 7s — and sometimes went up to 8 percent. So, despite the additional “hoops” borrowers must jump through these days, it seems to be a good time to secure a loan: Low interest rates, paired with lenders’ greater willingness to provide loans and real estate sales increasing point toward a strengthening real estate market. “In the last six to 12 months, real estate in the valley has been doing pretty well,” Neuswanger said. And by the end of the week of Jan. 28, interest rates, which had been in the upper 3 percent range for a 30-year fixed mortgage, had increased an eighth to a quarter of a point. Neuswanger says interest rates will inevitably go up, and “in a few years, we may think 5 percent is a good rate.”
Beaver Creek provides it’s owners one of the finest mountain lifestyles in the world. To find out for yourself call us at 970.845.8053 to reserve a space in our complimentary property tour
MARCH 2013 | VAIL VALLEY HOME
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HOMEFRONT
UPGR ADES & MAKEOVERS
REMOTE ACCESS
H
Home-automated systems and electronics — better and less expensive
Home-automated systems used to be a luxury for homeowners who had upwards of $20,000 to spend on bells and whistles, such as remotely controlling lights, music, blinds, temperature and security measures. But about a year ago, entry prices for a basic home automation system, including control over locks, lights and thermostats, dropped from about $20,000 to $2,500, said Don Anderson, owner of Vail Electronics. Much of the price drop resulted from the big players in the industry, like Honeywell and GE, coming together to use one platform technology, called Z-Wave. Z-Wave is “a next-generation wireless ecosystem that lets all your home electronics talk to each other, and to you, via remote control,” according to z-wave.com. Low-power radio waves, which travel through walls, floors and cabinets, create a wireless network that doesn’t require complicated programming or new cable installation. For years, second-home owners have used home-automation technology to turn lights on and off and open and close shades (making it appear as if someone is always home), as well as to view their home through security cameras. For many, the peace of mind was well worth the tens of thousands of dollars they spent. But now, with drastically lower costs, home automation has become practical for full-time residents. Anderson loves it because he doesn’t arrive home to a dark house after work; he turns on the porch lights and unlocks doors from his phone.
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VAIL VALLEY HOME | MARCH 2013
By KIMBERLY NICOLETTI
Home-automated systems allow homeowners to turn on lights and lower the blinds (among other features) with a touch of a smartphone.
Mike Thul, owner of Thul Electronics in Avon, said nearly all of his clients use their mobile devices to control aspects of their home. He particularly likes Apple iOS devices, like the iPhone and iPads. “Since (people) use their iPhone for everything else in their life, it is a natural function to use them to control their audio, video, lighting, shades, temperature, energy management — everything interactive within their home,” Thul said. “Remote access to
when detectors sense motion, which security cameras capture. Such videos provide homeowners with records of who pulls into the driveway or walks up to the front door. In addition, the security system allows homeowners to turn the alarm system on and off when guests or workers enter and leave the home. Another important aspect of home automation includes energy management. Homeowners can receive energy-saving schedules and use apps that help reduce
Z-WAVE IS “A NEXT-GENERATION WIRELESS ECOSYSTEM THAT LETS ALL YOUR HOME ELECTRONICS TALK TO EACH OTHER, AND TO YOU, VIA REMOTE CONTROL” these functions becomes second nature, as they have their iPhone with them everywhere.” Instant video clip alerts and texts show up on homeowners’ phones (or iPads or computers)
bills by adjusting lights and thermostats, often based on lifestyle patterns the technology analyzes in a home. Homeowners also can program thermostats according to temperature fluctuations.
So where do homeowners start, in terms of deciding which system is right for them and how to get it all up-and-running? Home electronics companies like Thul Electronics and Vail Electronics spend time reviewing homeowners’ needs and desires. Professionals in the field “are much more reliable than websites or even attempting to evaluate all the crazy info on the web,” Thul said. “Having a professional company involved is really necessary to achieve a good outcome.” Thul has seen do-it-yourself work based on web knowledge “horribly done,” causing people to spend “fair amounts of money that has been a waste,” he said. “There’s a wealth of knowledge out there that you can comb through and spend unlimited time,” Thul said. However, he cautioned that trying to piece together a home automation system “would be like going online and saying, ‘Now I can build my own home or do my own knee surgery,’ but there’s really no substitute for experience.”
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Lake Creek
Beaver Creek
345 Old Creamery Road 5 Bedroom | 4 Bath | 4,597 sq. ft. | $2,275,000 Alida Zwaan, 970-471-0291
Villa Montane No. 212 4 Bedroom | 4 Bath | 2,240 sq. ft. | $2,795,000 Andrew Keiser, 970-331-4695
REAL ESTATE SALES | VACATION RENTALS 7 Offices. 80 Brokers. The Entire Vail Valley. PrudentialColoradoProperties.com
The Summit at Cordillera
139 Pikes Way 4 Bedroom | 7 Bath | 5,603 sq. ft. | $2,595,000 Tom Dunn, 970-390-5737
Vail
3235 Katsos Ranch Road 4 Bedroom | 4.5 Bath | 3,435 sq. ft. | $1,579,000 Carolyn Piper, 970-376-3051
Cascade Village
Millracr No. 2A 1 Bedroom, 1 Bath | 800 sq. ft. | $695,000 Brooke Ferris, 970-376-0531
REDUCED Avon
Westin Riverfront Resort & Spa No. 331 Studio | 1 Bath | 485 sq. ft. | $316,500 Bethany Boston-Johnson, 970-390-4347
Beaver Creek
349 Borders Road 5 Bedroom | 6 Bath | 7,641 sq. ft. | $5,875,000 Jacquelyn Northrop, 970-390-2315
The Divide at Cordillera
240 Casteel Ridge 5 Bedroom | 6 Bath | 5,691 sq. ft. | $2,798,000 Joy Ortiz, 970-471-1911 240casteelridge.com
REAL ESTATE SALES | VACATION RENTALS 7 Offices. 80 Brokers. The Entire Vail Valley. PrudentialColoradoProperties.com
The Summit at Cordillera
109 Graham Road 5 Bedroom | 5.5 Bath | 6,417 sq. ft. | $1,875,000 Valerie Valene, 970-471-1424
Beaver Creek
Beaver Creek Landing A407 2 Bedroom | 2.5 Bath | 1,419 sq. ft. | $929,900 Page Slevin, 970-390-7443
Vail
2865 Aspen Lane Unit B 4 Bedroom | 4 Bath | 2,172 sq. ft. | $999,999 Carolyn Piper, 970-376-3051
Beaver Creek
Beaver Creek Lodge No. 111 1 Bedroom | 1 Bath | 520 sq. ft. | $349,000 Terry Nolan, 970-471-2210
VALLEY LIFE
NEIGHBOR HOOD SPOTLIGHT
WILD FRONTIERS & PEACEFUL VALLEYS
THE WAY IT WAS Henry and Leona Antholz had a ranch that eventually became the Vail Golf Course, Ford Park and part of Vail Village By RANDY WYRICK
H
Henry and Leona Antholz got an offer they managed to refuse, at least for a while. They owned the ranch where Golden Peak is now, and when Dick Hauserman and Fitzhugh Scott sat down with them, their price bar had been set pretty high. Negotiations are like a pastoral stroll, and that stroll sometimes wanders pretty far afield. In that initial meeting, the four sat sown to discuss the Antholz ranch as Henry and Leona talked about how much they loved it. They also mentioned how much the Vail investors had already paid for other property in the Gore Creek Valley. Henry explained with great enthusiasm that he’d never sell for $250,000 times the price Hauserman and Scott were offering. Then the conversation meandered again. “He spent a great deal of time telling us about his gizzard stones,” Hauserman wrote. When they asked the Antholzes to join Vail, Leona replied that she didn’t know what she’d wear if they joined Vail.
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VAIL VALLEY HOME | MARCH 2013
From the archives of Vail 50th.
2877 ONEAL SPUR - WILDRIDGE $109,000 BELOW CURRENT APPRAISAL Unsurpassed views from this spacious & sunny 5 bdrm single-family home. Private, quiet location at end of cul-de-sac; yet you are only minutes from Vail & Beaver Creek. Living room has vaulted ceilings, gas fireplace & large windows for enjoying the wildlife. Open kitchen, dining & living area is perfect for entertaining. For additional information go to www.2877OnealSpur.com $1,150,000
HIGHLANDS SLOPESIDE #208 BEAVER CREEK True Ski-In/Ski-Out condo! Access to Beaver Crk Mountain is out your living area door. 2 level floor plan w/3 bdrms plus den. After a great day on the slopes relax in the heated pool & hot tubs. Amenities: ski rm, common great rm, exercise rm, underground heated parking & more. Free shuttle service. Good rental property. For additional information go to www.HighlandsSlopesideUnit208.com $1,798,000 • furnished
LION SQUARE LODGE
Ski-In/Ski-Out location! Amenities: swimming pool, hot tubs, saunas, exercise rm, concierge service, valet service, on site restaurant & more. Close to dining, shopping, entertainment venues & full skier services. The ski-in-ski out convenience, quality facilities& excellent service make this the perfect place to be. Lion Square #373 • Hotel room $515,000 • furnished Lion Square #154 • 1 bdrm/1 bath $925,000 • furnished Lion Square North #286 • 1 bdrm plus Murphy bed/1 ¾ baths $948,000 • furnished
Kathy Cole
Distinctive Properties
cell: (970) 390-0026 email: Cole@Vail.net web site: www.KathySellsVail.com blog: www.Blog.KathySellsVail.com
VALLEY LIFE
NEIGHBOR HOOD SPOTLIGHT
She said she wouldn’t mind a part-time job on the mountain as a cook. Cooking was her hobby. She was a schoolteacher and registered nurse in the wintertime, but she’d be retiring in a year or so, she told Hauserman and Scott. Hauserman sweetened the deal when she said they’d had all sorts of trouble with their telephone. It was a party line and there were so many people on their line it was hard to get a call through. Hauserman, sensing an opportunity, offered to get them a private line. It almost sealed the deal on the spot, but not quite. As for the money, on June 29, 1962, Vail’s Powers That Be offered $1,000 an acre, $160,000, information from a needle in the haystack of documents about early Vail. On July 13, 1962, Pete Seibert received a short letter from Leona. “Dear Mr. Seibert: We are not interested in selling or leasing
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VAIL VALLEY HOME | MARCH 2013
“DEAR MR. SEIBERT: WE ARE NOT INTERESTED IN SELLING OR LEASING OUR PROPERTY AT THIS TIME, IF WE SHOULD CHANGE OUR MINDS WE WILL GET IN TOUCH WITH YOU. YOURS VERY TRULY, MRS. HENRY ANTHOLZ.
our property at this time, If we should change our minds we will get in touch with you. Yours very truly, Mrs. Henry Antholz.” Considering that the parcel is now the Vail Golf Course and Ford Park, they eventually came to terms.
Tech Savvy
edwards
eagle
steamboat springs
970.476.1600
970.328.2327
970.879.8696
frisco
crested butte
970.368.7000
970.349.6691
Chalet One
on Vail Mountain
Chalet One at the Lodge at Vail Located on Vail Mountain, this is the perfect ski-in residence with over 5,200 square feet of luxurious living. The chalet features four bedroom suites and six bathrooms, large exercise / media / game room, private commercial elevator and a gourmet kitchen with magnificent mountain views.
285 Bridge Street Vail, Colorado 81657 970/476.1987 www.ronbyrne.com
446 Forest Road
Ron Byrne & Associates is pleased to present the most anticipated new residence in Vail. The 10,500 square foot, seven bedroom home with two master suites is situated on a perfect ski-in/ski-out lot on Forest Road. 446 Forest Road combines nature with the finest materials, as expansive 20 foot windows surround a gracious living and dining area which then opens to a chef’s kitchen and comfortable hearth room. Guests can drop in from Born Free Run and delight in lunch at the warming hut, or come in for the afternoon to enjoy the extensive, fully equipped workout and spa areas, FRPSOHWH ZLWK SULYDWH PDVVDJH URRP -DFX]]L DQG UHà HFWLQJ SRRO
285 Bridge Street Vail, Colorado 81657 970/476.1987 www.ronbyrne.com
VALLEY LIFE
PROPERT Y SPOTLIGHT
Resort and residences in vail
ALL THE RIGHT TOUCHES
W
By KATHY FILGO
your home for a few weeks or yearround, residing in luxury at Four Seasons Resort & Residences Vail is a privilege only a special few can experience. With European grace and charm the exquisite Four Seasons Resort & Residences Vail is a contemporary landmark luxury hotel known worldwide for setting the standard of excellence. Perfectly located in Vail Village, a resort town known worldwide for its own standard of excellence, Four Seasons Resort offers exceptional access to real resort living. As an exclusive owner of the Private Residences or the Residence Club, you have the key to a lifestyle which many aspire to, including access to the resort amenities and a dedicated Owner Services team.
Private Residences Vail If you can dream it, it’s yours when you own a home at Four Seasons Resort & Residences Vail. The top four floors of the resort are reserved for 16 exclusive private homes, generous in size and exquisite in detail, each is unique and wholly yours to style as you wish. All are defined by the excellent standards of Four Seasons. One to five-bedroom residences ranging in square footage from 1573 sq feet to over 5700 sq feet, each offers their owners true mountain living, some with media rooms, offices, libraries, heated bath floors, grand terraces and mountain-facing balconies. Each residence comes with two deeded parking spaces and a private storage locker perfect for bikes and toys, that make Vail’s mountain living
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VAIL VALLEY HOME | MARCH 2013
IMAGES COURTESY OF RIC STOVALL / SLIFER, SMITH & FRAMPTON REAL ESTATE / FOUR SEASONS RESIDENCE CLUB
Whether you’re making Vail
FOR MORE INFORMATION ABOUT THE
PRIVATE RESIDENCES LISTING AGENTS Dana Gumber 970.390.2787 dgumber@slifer.net Carroll Tyler 970.390.0934 ctyler@slifer.net
Slifer Smith & Frampton Real Estate – Bridge Street www.vailrealestate.com www.eastwestpartners.com
RESIDENCE CLUB LISTING AGENT Jeff Meier 970.748.6432 jmeier@playground.com Playground Destination Properties, Inc. www.vailresidenceclub.com FOUR SEASONS RESORT & RESIDENCES VAIL One Vail Road 970.477.8600 www.fourseasons.com
all that more enjoyable. Owners also enjoy access to all the amenities and services included within the resort, from the ski concierge to the 75 foot heated saline pool, housekeeping and concierge services, management and front desk. It is the ease of luxury living for the most discriminating of Vail homeowners. Pricing ranges from $2,700,000 to $14,500,000.
Residence Club For those looking to maximize their time in Vail every season, the Four Seasons Residence Club presents a unique opportunity to experience the resort and access other Four Seasons Residence Clubs in North America. Only 19 Residence Club condominiums are tucked inside a private wing of Four Seasons Resort Vail, providing an exclusive fractional ownership opportunity starting from 1/12th deeded interests with annual usage in every season. Through the fractional ownership plan, you and your family will hold a deeded interest in your luxury condominium at Four Seasons Residence Club Vail. And just as important, Four Seasons service and management will provide thoughtful touches at every turn. Another rare and valuable privilege for owners is the concept of
selective-size residences during each visit. Residence sizes range from 2 to 4 bedrooms so as the size of family and guests vary on particular visits, a home with the perfect fit is always yours at the ready. Additionally, Residence Club always places accommodating individual owner’s needs at the forefront. Residence Club members find great flexibility to their own individual needs with every visit personalized. Uniquely, owners desiring access to their home for shorter stays, or to different network exchange locations, are gladly accommodated without constricting requirements to one week time periods. Residence Club owners are not limited to just one 1/12th deeded interest. There is a trend of current owners purchasing additional interests — because for some, only the very best will do. Four Seasons Residence Club exotic exchange network includes the following exciting locations: • Punta Mita, Mexico • Peninsula Papagayo, Costa Rica • Aviara, San Diego, California • Scottsdale at Troon North, Arizona • Jackson Hole, Wyoming It's a world where dreams await.
MARCH 2013 | VAIL VALLEY HOME
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Independent investment advice for sophisticated investors
Mark A. Ballenger II Ballenger Asset Management & Research 110 East Beaver Creek Boulevard, Suite 201 Avon, Colorado 81620 | 970-471-9962 www.ballengerassetmgmt.com Registered Representative, Securities offered through Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA & SIPC Investment Advisor Representative, Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Cambridge and Ballenger Asset Management & Research are not affiliated.
SOCIAL GALLERY
VALLEY LIFE
FACES&PLACES Tell us what’s going on in your world — including special events, occasions, milestones, celebrations, recognitions, achievements — and we’ll share it with the Vail Valley! Send photos with a brief description including who, what, when and where to facesandplaces@vaildaily.com
habitat for humanity At Eagle County Build Day one of the crews included Jon Stavney, Jessenia Jones, Kristi Moon, Marisela Dominguez, John Gitchell, Xenia Guevara, Brent Arnold, Adam Palmer and Alex Aceves. There is strength in numbers!
01 (01) Brent Arnold and Bud Wonsiewicz. (02) Marie Wonsiewicz and Judy Foley.
COLORADO LAND TITLE
Despite the busy season, the employees of Colorado Land Title made time for a little holiday cheer.
02 MARCH 2013 | VAIL VALLEY HOME
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VALLEY LIFE
SOCIAL GALLERY
Our cameras take you inside of Vail’s most elegant homes.
Watch The Vail Home Show right now, on your computer.
SHRINER PASS HUT TRIP
Gina Dizon, center, with Ron and Cristina Byrne and Lynne and Pat Sullivan on a hut trip that took them to Jay's Cabin via Shriner Pass.
www.VailHomeShow.com
VBR Installation Dinner Presented by Vail’s leading Real Estate brokers.
FullerBCVSothebysRealty.com
Serving the Vail Valley since 1995 01
02
Kevin Kenney 970.331.6037
514 Jouflas Ranch Road in Wolcott Picture yourself in a true Colorado property. Surrounded by Douglas Firs, this home is the epitome of luxury and privacy. A mountain getaway that features 2 master bedrooms with large walk-in closets, a separate family suite with bunkroom, 4 fireplaces and north and south facing decks and patios. 6 heated garage bays for car and toy storage, 2 offices and an elevator that accesses all 3 levels are just a few of this property’s amenities. Must see to appreciate! 6 Bedroom - 10 Bath - 8,838 sq. ft. - 6 Car Garage - Unfurnished - $2,985,000
(01) The ASIR crew. (02) David Walder, Crystal (CJ) Jay, Patrice Ringler and Johanna Johnsson. (03) Matt Fitzgerald and Matthew Blake.
Each office is independently owned and operated. Downs Farm, Batsford, Gloucestershire, used with permission.
970.331.6037 40
VAIL VALLEY HOME | MARCH 2013
514jouflasranch.com
03
34 Whiskey Ridge, Lake Creek $14,750,000
Representing the most exceptional & unique properties in vail.
Summer Range Ranch, Wolcott $30,000,000
308 Bearden Road, Cordillera $5,750,000
gateway land & development
real e s tat e Suzi Apple
.
970.376.5417
.
Apple@GatewayLand.com
.
www.SuziApple.com
COVER STORY
V IN TAGE VA I L
IMAGES COURTESY OF VAIL RESORTS PHOTOGRAPHY
The town's farming and ranching roots provided a fertile valley in which to grow a resort, almost all at once. Before it was a town, Vail was a dream. Pete Seibert and Earl Eaton imagined creating a world-class ski resort, and that's exactly what they did.
In THE EARLY DAYS, EvERYboDY PLAYED HARD AnD WoRKED HARD — IncLuDIng buYIng AnD SELLIng A LITTLE LAnD. By RANDY WYRICK
E
arly Vail real estate is the story of the people who sold it. Job descriptions were written on the fly. Everyone did everything and most locals sold a little real estate, along with everything else. Rod Slifer, Vail’s first Realtor, moved to Vail from Aspen on May 1, 1962, and was paid $500 a month to be Morrie Shepard’s assistant in the ski school. “I didn’t know where Vail was. Well, Vail wasn’t. It hadn’t been built yet,” Slifer recalled. “Most of us didn’t have anything, so all we were spending was our time.” >>>
FEBRUARY 2013 || VAIL VAIL VALLEY VALLEY HOME HOME MARCH 2013
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COVER STORY
anything and everything
Byron and Vi Brown rolled into town in 1964 when real estate was one of the many jobs people worked, and everyone worked with everyone else. One day Byron went wandering into the Vail Associates office when John Clarke spotted him and hired him as a ski patroller. Byron also soon started his own real estate company. “You couldn’t make a living because you were selling lots for $2,500. You take 10 percent of that, and you’re sharing that with another broker, you’ll have to come up with a couple other things to make ends meet,” Brown said. “We did just about anything and everything.” Bob Findlay was a school teacher/Realtor. Tim Garton partnered with Oran Palmateer and later joined Art Kelton. Art Kelton had the listing on the Westwind, the first condo building in Lionshead. Oran and Paula Palmateer managed the place. “We planned to stay a season and go back to the real world. As Bob Dorf says, ‘You can see the year isn’t up yet,’” Oran said. Oran is still hawking real estate along with everything else he and Paula do. When they came, the Westwind still had 11 condos left of the original 35. A one bedroom was available for a princely $22,000. Two bedrooms would set you back $30,000. A four bedroom could be yours for some unheard of amount of money north of $50,000. “I remember saying at the time that it was asinine. You could buy a single family home in West Vail for that,” Oran said. Vail original Dick Hauserman had an offer to buy West Vail, 350 acres for $147,000. He passed on it. 44
VAIL VALLEY HOME | MARCH 2013
What'S UP, dOC?
Like everyone else, Vi and Byron Brown did whatever it took to scrape together a few bucks. They needed the money to live, Vi said, but living in Vail was more about the lifestyle. One time, Byron was showing some property to a visiting doctor when their three kids all got sick at the same time. Vail didn’t have a doctor at the time — everyone went to Doc Stanley, the doctor at the Gilman mine. Vi tracked down Byron and asked Byron if the doctor he was showing around could take a look at their kids. He did, and together they figured out that the kids all had the mumps. And Byron made the sale.
A ONE BEDROOM WAS AVAILABLE FOR A pRINcELy $25,000...AND FOuR BEDROOMS juSt NORth OF $50,000. dealing With dOerS
Brown and Izzy Quintana had a small excavation company, digging foundations, water and sewer lines — anything that called for a hole. Real estate clients usually found Brown up to his eyebrows in a hole. “I sold negatively.
I’d be down in the ditch and someone would drive up and ask if we had any lots for sale,” Brown said. “I’d ask, ‘Why do you want to come up here?’” “We love the mountains!” they’d reply. “If you buy up here you have to be a pioneer. You have to be part of building everything,” Brown told them. He smiles at how willing they were to buy, and how Vail attracted can-do people. “They couldn’t get their money out of their pocket fast enough. That way we got doers,” Brown said If someone bit off more than they could chew, Brown would give them their money back. “You’d do that?” they’d ask. “You betcha!” he’d reply. They’d sell the same lot a couple weeks later for a couple thousand dollars more.
SLIFER / SEIbERT IMAGE COURTESY OF SLIFER, SMITH & FRAMPTON
clockwise from left:
Dick Hauserman was Vail's first official resident. Rod Slifer came to Vail to work for the ski school, but ended up showing property to prospective investors for founder Pete Seibert; one thing led to another and he became Vail's first Realtor. A close childhood friend of Pete Siebert, Morrie Shepard became Vail's first Ski Instructor in 1962. Earl Eaton ran up and down the mountain in his red Kristi Kat, which he credits with helping to sell the Vail ideal.
vail'S FirSt realtOr®
IF SOMEONE BIt OFF MORE thAN thEy cOuLD chEW, BROWN WOuLD GIVE thEM thEIR MONEy BAcK.
What Planning COMMiSSiOn?
But before anyone sold anything, Vail had to officially exist and that meant getting the green light from the Eagle County commissioners. The summer of either 1961 or 1962, Pete Seibert, Earl Eaton, Slifer and Denver attorney Jack Tweedy, who did much of the legal legwork in getting Vail started, made a pilgrimage to Eagle after they learned they’d need the commissioners’ blessing. They needed that blessing, it turned out, before they could start selling real estate. And they really want-
ed to start selling real estate. So, one Monday they headed down to a county commissioner meeting. No one knew quite what to do with them. “We went down there and said, ‘“Here you go!’” Slifer said. “They said ‘OK!’ Mining and agriculture were sinking, so they figured they had nothing to lose.” The county hadn’t approved any development projects in so long, no one was quite sure how to do it. Tweedy sat down with the county’s attorney and they put the language together.
ALL OTHER IMAGES COURTESY OF VAIL RESORTS PHOTOGRAPHY
The county’s planning commission was supposed to sign off on it, but It had been so long since anyone had built anything of any size that there was no planning commission. So the attorneys decided the commissioners could act as the county’s planning commission. They approved it as the planning commission, then as the Board of County Commissioners. “Not long after that the county formed an official planning commission, and guess who got appointed,” Slifer said laughing. “One of the local ranchers was the chairman. But before long he left and I became the chairman.”
Slifer earned his real estate license in the early 1960s and for the first few years he had no competition in Vail. “The only good news about being the only one was you could almost make a living because everything was so cheap. The commissions were pretty small,” he said. He couldn’t hammer out a deal with Bishop and Perry, the Front Range firm he’d been working for, so he started his own firm in Vail. When Vail Resorts started their own real estate company, he thought he was “doomed.” Harry Frampton came around to work for Vail Associates and brought Mark Smith with him. Frampton and Smith were ready to start their own real estate company and bring some of the good folks from Vail Associates Real Estate with them. Slifer invited them to partner with his firm. It took months, but they finally hammered out an agreement. The last detail was what to call their new firm and whose name would go first. Slifer said his would, and his reasoning was indisputable. “I was the oldest,” he said. Slifer was Vail’s mayor for 16 years. He and his wife Beth were named to the Colorado Business Hall of Fame. He still looks around today in wonder at Vail, and says it could never be done again, that the $1.6 million they raised to launch it would buy the environmental assessments today. “A lot of those people who came here were just like me. They had no money,” he said. “Some have really prospered. Others haven’t prospered as much financially, but were the very guts of this place.”
MARCH 2013 | VAIL VALLEY HOME
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FA MOUS R ESIDEN TS
MOUNTAIN LIFE
That's Jerry Ford on the far left not long after he and Betty started bringing the family to Vail. It can now be told: Jerry and Betty borrowed against the cash value of their children's life insurance policies to come up with the down payment for their first Vail home, a condo in The Lodge at Vail.
PRESIDENTIAL APPROVAL Gerald R. Ford had a great impact on the Vail Valley By KIMBERLY NICOLETTI
When President Gerald Ford died Dec. 26, 2006 at age 93, plenty of people remembered him fondly, and today, his friends and business partners still enjoy the huge impact he and his wife, Betty, had on Vail and Beaver Creek’s growth. “They were our No. 1 citizens and our No. 1 family,” said Beth Slifer, of Slifer Designs. “We all still embrace them as our first family.”
MARCH 2013 | VAIL VALLEY HOME
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MOUNTAIN LIFE
FA MOUS R ESIDEN TS
tional golf tournament, which drew large summer crowds and celebrities including Bob Hope, Dinah Shore, John Denver and Sammy Davis Jr., who performed for golfers after tournaments. The invitational still raises money for local charities. In the late 1970s, after his presidential term, what is now Vail Resorts made Ford an attractive deal on a lot in Beaver Creek to draw attention Gerald Ford was the only person who there, Slifer said. The company autographed Pamela (Lyon) Tafoya's was just finalizing plans for cast when she broke her leg in 1980. He signed the cast at the annual party Beaver Creek Resort, and some for volunteers who worked the Jerry people wondered if the ski area Ford Invitational golf tournament. would succeed. Having the Fords spend holidays at their The early years home in Beaver Creek helped The Fords originally visited put the ski area on the map — and Vail, from Michigan, during the made it grow, she said. Ford’s willing1967-68 season, when Gerald Ford ness to invest in Beaver Creek helped was a congressman. Ted Kindel, other people’s confidence level. Vail’s first mayor, initially invited Ford to the young ski area; the two The specific impacts knew each other because Kindel’s The golf tournament was father was Ford’s Boy Scout scoutjust one of the many specific master, who helped him become events the Fords helped start. an Eagle Scout in Michigan. Gerald Ford dedicated himself to By 1973, having been apbuilding a chapel at Beaver Creek. As pointed vice president, Ford had donations trickled in, Ford remained purchased real estate in Vail. unconcerned about the chapel’s future; When Ford became president, he and a few others signed a contract his visits to Vail caused reporters to backing the construction, just in case nickname Vail “The Western White they couldn’t raise funds. Many peoHouse.” Suddenly, Vail became the ple, like John Galvin, who completed focal point of national news, as reporthis home in Beaver Creek months after ers from all over the nation followed the Fords, viewed the chapel not just him around, capturing him smiling as a structure, but also as the cornerand skiing down Vail Resort’s runs. stone on which to build community. Ford started the Jerry Ford Invita48
VAIL VALLEY HOME | MARCH 2013
The Fords attended Bravo! Festivals for more than two decades, and as classical music aficionados, they set a goal to build a music hall. They sat on the board of The Beaver Creek Arts Foundation, which ultimately led to the construction of the Vilar Center for the Performing Arts. They also, of course, were instrumental in creating the Gerald Ford Amphtheater (as well as Betty Ford Alpine Gardens and the Vail Public Library). Like the chapel, these projects didn’t always come easy. Ford alone raised enough money to build seats at the amphitheater in the early 1980s, and then ran out of money. Sagebrush and other wild plants covered the seats before Vail Valley Foundation took over the fundraising campaign. Ford became one of the first board members of the Vail Valley Foundation, which gave the nonprofit nearly instant recognition. “You cannot deny the power of a former president — whether national or international,” Dakin said. “Having President Ford in Vail (and on the board) gave us — the collective ‘us,’ Vail Valley, and Vail Valley Foundation — instant credibility … That’s not to say we didn’t have other high-power board members, … but people give you a second look and take you seriously when someone like Gerald Ford is giving his time and efforts to your organization.” Through the foundation, the former president became paramount in sparking the American Enterprise Institute World Forum, which drew politicians
PHOTOS COURTESY COLORADO SKI & SNOWBOARD MUSEUM
FORD BECAME ONE OF THE FIRST BOARD MEMBERS OF THE VAIL VALLEY FOUNDATION, WHICH GAVE THE NONPROFIT NEARLY INSTANT RECOGNITION.
and business leaders internationally to address global challenges. Staging the forum in Beaver Creek introduced high-powered players to the young, small resort — and kept them coming back, and even buying homes there. “He brought a lot of notoriety to our community,” said Harry Frampton, who met Ford in 1982 when he moved to the area as president of Vail Associates. “He was the ultimate Good Housekeeping Seal of Approval.” Perhaps one of Ford’s biggest contributions included his work to bring the World Ski Championships to Vail in 1989, and again in 1999. “I don’t think it’s a stretch to say that without President Ford, we may not have been as fortunate to get an international ski event like the World Ski Championships,” Dakin said, adding how instrumental the Fords were in starting the Vail International Dance Festival. “It was the first really international vote,” Slifer said.
‘Just another resident’ While Ford and the former first lady lent their names to a variety of causes, including Vail Valley arts and sports, they acted more like normal folks — regularly associating with residents they came across, be it on the golf course or at the grocery store — than powerful politicians. “The Fords really wanted to be an ac-
tive part of this valley and help it develop and evolve … They focused on what they could help bring, vs. what we could do for them,” said John Dakin, who first met President Ford when Dakin joined the Vail Valley Foundation in 1987. “They weren’t interested in being celebrities.” The Fords not only lent their names and support to endeavors, but they also took active roles by making phone calls and donating money. “He was in the trenches, so to speak, in all those areas,” Frampton said. Even Betty Ford was known to get on her hands and knees to pull weeds in the garden. “(They) took a very active role in what was going on, not only in the inner workings of the organization, but also in the events themselves,” Dakin said. When Gerald Ford died, Kathy Meyer, the then-golf tournament director remembered Gerald Ford as one of the kindest, most compassionate men, who never said “no” to anyone who asked for help, according to a Vail Daily story Dec. 27, 2006. “He was happy to stop for a moment and have a brief conversation with anyone,” Slifer said. “If not for the Fords, it would have taken longer to raise money for the iconic facilities and events that started (Vail’s growth) — and continue to (fuel it). “The Fords were a one-family economic stimulus plan, (but) it
was all natural, because they loved being here, and the community loved having them here. He gave us a lot of credibility when we were only 20 years old. We all miss their influence and their friendship.”
The quickest way to make your ski resort a household name is for the president of the United States to bring the entire Western White House press corps with him. When he was President Gerald Ford, Vail was referred to as the Western White House by the national media. The resort was beamed into living rooms all over the world on a daily basis.
MARCH 2013 | VAIL VALLEY HOME
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VA I L . . .
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V A I L
V A L L E Y
ADAM’S RIB RANCH 156 Eagle Spur $2,450,000
ARROWHEAD 44 Aspen Ridge Ln $1,900,000 CONTACT:
New custom estate exquisitely designed and beautifully finished. Most spectacular views of surrounding mountains and golf course. Short walk to Adam’s Mountain CC 40,000 sq. ft. clubhouse that is overflowing with amenities.
H O M E
Kevin Denton, Ascent Sotheby’s International Realty.
ARROWHEAD Aspenwood #314 $995,999 Steps to the base of Arrowhead mountain is this very comfortable 3 bedroom/3 bath penthouse with views of the slopes. Updated kitchen and fully furnished.
Experience Mountain Living At It’s Best! Imagine waking up every day in this private home situated against the hillside within the gated community of Arrowhead. Enjoy a chef’s kitchen and comfortable open layout layout for entertaining. Situated with easy access to skiing, snowshoeing, hiking, biking, tennis, golf, rafting and more, this home is a must see.
CONTACT:
Michael Routh, 970.306.7711, Keller Williams Mountain Properties.
ARROWHEAD Pinecone Lodge #302 $995,000
AVON Lodge at Brookside #211 $225,205
Two-story windows provide natural light & warmth to this 3 bedroom, top-floor residence. This condominium offers the convenience of the renowned gated Arrowhead community. CONTACT: Barbara Scrivens, 970.471.1223, Barbara@ronbyrne.com, www.ronbyrne.com
Wonderful Town of Avon deed restricted unit with high end finishes lots of amenities and close to everything the valley has to offer! This one bedroom condo has a well appointed kitchen, fireplace, and deck. CONTACT: Eileen Duke, 970.390.5998, RE/MAX Vail Valley
CONTACT:
Heidi Bintz, 970.390.8383, Heidi.Bintz@ sothebysrealty.com MARCH 2013 | VAIL VALLEY HOME
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BEAVER CREEK 406 Holden Rd. $7,850,000 Sophisticated grandeur with mountain charm. Imaginative finishes and artistically designed rooms are filled with thoughtful details including unique surface treatments and technological conveniences. This private 8 bedroom/ 9 bath residence with many living areas offers ski-in access. New construction and fully furnished. Gorgeous and a must see! Fuller BCV Sotheby’s International Realty. 406Holden.com
CONTACT:
Heidi Bintz, 970.390.8383 Kraig Forbes, 970.845.0400
BEAVER CREEK Elkhorn Lodge #310 $1,577,000
BEAVER CREEK 329 Holden Road $4,950,000
This sought after single level three bedroom floor plan is a great example of Elkhorn Lodges timeless architecture.
Wow, what a view! Spectacular custom 5 bedroom/8 bath home with big views. Over 7000 square feet with multiple living areas. 329Holden.com
CONTACT:
Kevin M. Kenney, 970.331.6037 Fuller BCV Sotheby’s International Realty
CONTACT:
Heidi Bintz, 970.390.8383, Heidi.Bintz@ sothebysrealty.com
BEAVER CREEK Creekside B-501 $1,425,000 A large, 2,361 sq. ft. ski-in/ski-out 3 bd plus loft that could be converted to a 4th bedroom. Easy walk to village.
BEAVER CREEK Market Square 104 $799,000
BEAVER CREEK 1203 Village Rd. $495,000
This 1 Bedroom + Den condo is in the heart of Beaver Creek, right on the plaza. Features include granite counters, gas stove and, gas fireplace, hard wood floors and more! CONTACT: Erin McDonald, 970.471.9100, Keller Williams Mountain Properties
Ski In/Ski Out via Strawberry Park & Elkhorn Lift! 1 BR, 2 BA Condo. Quiet location, views to ski-way, wood fire place, hot tub, covered parking. Call today to schedule a showing. CONTACT: Erin McDonald, 970.476.1600, Keller Williams Mountain Properties
(Townsend Place B106)
CONTACT:
Mick Kelly, 970.376.5617, Fuller BCV Sotheby’s International Realty
COTTON RANCH 388 Legend Dr. $350,000
DILLON 72 Coachman Court $679,500
Charming Single Family Home in Sky Legend! 3 bed/3 bath & 2 car garage. Well-loved, fenced in backyard, backs up to Golf Course, vaulted ceilings and natural light beams throughout. CONTACT: Brooke Gagnon, 970.476.1600, Keller Williams Mountain Properties
3067 sq ft Soda Creek Single Family Home on a quiet cul-de-sac. 5BR/4.5BA with master suite, office, formal dining room, guest suite, media room, hot tub room. Large deck. Bike path 1 block away. CONTACT: Chuck Leathers, 970.668.8550, Chuck Leathers Real Estate
EAGLE 1662 Salt Creek Rd. $849,000 Stunning views, incredible privacy, sunsets that make you stare in wonder. Approx. 10 acres with water rights and the ability to add a pond. CONTACT:
Mick Kelly, 970.376.5617, Fuller BCV Sotheby’s International Realty
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VAIL VALLEY HOME | MARCH 2013
CORDILLERA 541 Saddle Ridge $3,495,000 Spectacular 5 bedroom custom built home featuring commanding views of Gore Creek & Sawatch mtns from every room. Superior attention to detail evident in the level of finished & custom woodwork. This magnificent home in immaculate condition & showcases a large, gourmet kitchen, huge master suite with his/hers baths.
EAGLE 110 Canyon Court $1,099,000
EAGLE RANCH 931 Sylvan Lake Rd. $399,000
EAGLE RANCH 384 Harrier Circle $915,000
Beautifully crafted custom home directly overlooking the Eagle River and acres of pristine ranch land. Offering privacy, convenience, 5 bedrooms, 5 baths and approximately 5000 SF. CONTACT: Barbara Scrivens, 970.471.1223, Barbara@ronbyrne.com, www.ronbyrne.com
This wonderful 4 bedroom 3 1/2 bath home with a wraparound porch, finished basement and large fenced back yard could be yours, call me today! CONTACT: Eileen Duke, 970.390.5998 or 970.766.7355, RE/MAX Vail Valley eileenzduke@gmail.com
A remarkable setting sets the stage for the ultimate in lifestyle living. A beautiful home, entrancing views, fantastic outdoor living areas and wonderful privacy. An excellent current floor plan with the ability to customize an unfinished guest suite and flex space. Many options exist. Creatively designed has lots to offer- vaulted ceilings, big spaces, great light, great nature viewing corridors. An amazing primary home or the perfect getaway retreat. Awesome!
EAGLE VAIL 1038 Eagle Dr. Side A $1,375,000
EAGLE VAIL 332 Larkspur Dr. $535,000
Beautiful, luxurious Mountain Home with 7 bedrooms and 8 baths. Heated driveway. 4 car garage. Nicely furnished. $1,375,000 Call for your private showing. CONTACT: Rod Powell, 970.476.1600, Keller Williams Mountain Properties, www.mc889.yourkwoffice.com
This location is unmatched in terms of views and sunshine. This property is perfect for weekenders or a local family. Enjoy golf course views from your hot tub! CONTACT: Sondra Slappey, 970.376.8000, Keller Williams Mountain Properties, InvestInVail.net
CONTACT:
Barbara Scrivens, 970.471.1223 Ron Byrne & Associates Real Estate, Barbara@ ronbyrne.com
CONTACT:
Mick Kelly, 970.376.5617, Fuller BCV Sotheby’s International Realty
MARCH 2013 | VAIL VALLEY HOME
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EAGLE RANCH 64 N. Penstemon Lane $1,325,000 Eagle Ranch’s finest! From the home site to the views, to the floor plan down to the finishes - this home is far above average! Personal, custom built residence of a builder who constructs $10 million dollar homes in Bachelor Gulch with the same levels of finish and design! Gorgeous yet lives very comfortably. Great views and privacy, excellent outdoor spaces, finished guest suite or lock-off apartment option. Truly one of Eagle Ranch’s nicest homes. A must see.
EDWARDS 1705 Lake Creek Road $4,950,000 CONTACT:
One-of-a-kind location on five acres with 500+/- feet of river. Pastures, riding arena & multiple gardens with a wonderful family home. 1705LakeCreek.com
Mick Kelly, 970.376.5617, Fuller BCV Sotheby’s International Realty
CONTACT:
Heidi Bintz, 970.390.8383, Heidi.Bintz@ sothebysrealty.com
EAST VAIL 30 Courtside Townhome $1,099,000
HOMESTEAD 83 Lariat Ct. $665,000
4 Bedrooms and 3.5 Baths High end renovation Backs up to national forest Close to bus CONTACT: Jane Hand, 970.390.8833, jane@ascentsir.com, www.janehand.com
3bdr, 3 1/2 bath in South Forty. New addition and upgraded kitchen, main floor master, large 2 car garage. Great location on almost an acre lot, room for all your toys and walking distance to Edwards CONTACT: Lynne Krnacik, 970.476.1600 Keller Williams Mountain Properties.
NEW CASTLE 345 Mid Valley Lane - Tari Farms $2,500,000 Remarkable horse property! Incredibly remodeled farmhouse, guest cottage and barn blend with the 21 acre horse ranch. Senior water rights, irrigated pastures, divided by 1 mile of white fence - this is a multigeneration diamond. Can satisfy the serious horse breeder too! Absolute best location in Colorado - in between Vail and Aspen.
54
VAIL VALLEY HOME | MARCH 2013
CONTACT:
Mick Kelly, 970.376.5617 Fuller BCV Sotheby’s International Realty
LIONSHEAD Vail Spa Penthouse $1,790,000
MESA CORTINA/SILVERTHORNE 346 Springbeauty Drive $720,000
LAKE CREEK VALLEY 111 Pilgrim Dr. $3,600,000
One of only two penthouse units at Vail Spa, this spacious 3-bedroom residence has been recently remodeled. Pools, hot tubs, tennis, covered parking, all just steps to ski slopes & Lionshead Village. CONTACT: Teresa Thomas, 970.390.0262, tthomas@ronbyrne.com
MILLION Dollar Price Drop in January!! Exquisite 6 Br, 8 Ba, 9000 sq ft estate on 9.97 acres. An entertainer’s dream. Short Sale.
3305 sq ft 5BR/3BA home at the top of Mesa Cortina. Expansive views of Lake Dillon, Buffalo Mtn, Continental Divide & backs to Natl. Forest. Large kitchen opens to dining and living areas with a large fireplace. CONTACT: Chuck Leathers, 970.668.8550, Chuck Leathers Real Estate
CONTACT:
Erin McDonald, 970.471.9100 Keller Williams Mountain Properties.
MCCOY 33380 Antelope Rd. $275,000
SILVERTHORNE 1284 Palmers Drive $769,000
This 3 bed, 2 bath home has panoramic views of the back of Castle Peak. Property backs up to BLM and has Antelope Creek running through bottom on property. Low maintenance stucco exterior. CONTACT: Team Black Bear, 970.476.1600 Keller Williams Mountain Properties.
It’s not just a huge home with views to die for and 6BR/5.5 baths on 1.2 acres. It has a legal 2BR/2 bath apt. with separate entrance. Large decks, one with a hot tub, look out over town and Gore Range. CONTACT: Chuck Leathers, 970.668.8550, Chuck Leathers Real Estate
SNOWMASS VILLAGE 153 Meadows Ranch $649,000 Nicely remodeled 1238 SF. 2 bed/1.5 bath townhome w/granite countertops, hardwood floors, vaulted ceilings, rock-surrounded fireplace. CONTACT:
Sally ShiekmanMiller 970.948.7530 Aspen Snowmass Sotheby’s
SWEETWATER 1255 County Road 151 $699,000
VAIL 2115 Vermont Rd. $950,000
VAIL 945 Red Sandstone Rd. Unit A4 $675,000
VAIL The Wren $625,000
4 bedroom home on 31 acres, mainfloor master, wrap around. Water rights, irrigated pastures, fishing pond and 2 storage sheds. CONTACT: Team Black Bear, 970.476.1600, Keller Williams Mountain Properties, www.mc889.yourkwoffice.com
This gorgeous home features wonderful upgrades, spacious Master Suite & lots of storage. Comfort, convenience, privacy. 2 car garage. Possible Seller financing. 1yr Gold parking pass. CONTACT: Betsy Bradley, 970.476.1600, Keller Williams Mountain Properties.
Enjoy the sounds of Red Sandstone Creek from this 3 Bedroom, 3 Bath top floor corner Condo. 3 Sun filled decks with views of Vail Mountain. On the free Town of Vail bus route No highway noise. CONTACT: Will Lewis, Brooke Gagnon, 970.476.1600, Keller Williams Mountain Properties.
Beautiful views of Vail Mountain and Gore Creek from this south facing condo. Top floor unit with vaulted ceilings, 1 bed and 2 baths. Close proximity to Vail Village. CONTACT: Ron Byrne, 970.476.1987, info@ronbyrne.com, www.ronbyrne.com
VAIL VILLAGE Northwoods F7
VAIL VILLAGE Manor Vail Penthouse #480 $7,295,000
VAIL VILLAGE Villa Valhalla Penthouse $2,100,000
WEST VAIL 2249 Chamonix Ln #2 $444,900
5 bedrooms, 7 baths, beautiful finishes and an outdoor living area with fireplace and grill, this 4000 SF+ residence is an ideal family retreat. Ski-in / ski-out location, pool, hot tub, & onsite mgmt. CONTACT: Barbara Scrivens, 970.471.1223, Barbara@ronbyrne.com, www.ronbyrne.com
Spectacular 4 bedroom penthouse. Steps to skiing and Vail Village. Panoramic mountain views and all day sun. Many amenities including pool, spa, restaurants, concierge and parking. CONTACT: Mike Spiers, 970.390.7280, mspiersy@msn.com, www.ronbyrne.com
Superb location right in the heart of Vail Village, just steps to the new gondola, shops and restaurants. This three bedroom penthouse offers vaulted ceilings, wood floors, pool, assigned parking. CONTACT: Ron Byrne, 970.476.1987, info@ronbyrne.com
Perfect 2 bed/ 2 bath condo just steps from the TOV bus stop and all of the amenities of West Vail. Lovely remodel, turnkey opportunity. HOA are less than $100/mo! CONTACT: Brooke Gagnon, 970.476.1600 Keller Williams Mountain Properties, www.mc889.yourkwoffice.com
MARCH 2013 | VAIL VALLEY HOME
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Skiers’ Havens
BACHELOR GULCH
228 Tall Timber Road | 6 Bed/ 7.5 Bath $7,900,000 > $7,300,000 > NOW $6,995,000 56
VAIL VALLEY HOME | MARCH 2013
VAIL GOLF COURSE
1119 Ptarmigan Road Main House – 5 Bedroom , Guest House – 4 Bedroom $19,500,000
VAIL
182 W. Meadow Drive | 5 Bed/ 5 Bath $8,900,000
Barney Dill | 970.390.7018
Barney@JoniTaylorRealEstate.com
BACHELOR GULCH CONDO Bearpaw D-5 | 4 Bed/ 4.5 Bath $2,500,000
JoniTaylorRealEstate.com
Joni Taylor | 970.390.1402
Joni@JoniTaylorRealEstate.com
Happiness is a landmark location in Vail. Happiness is a landmark location in Vail.
RESIDENCES Lionshead Village, Vail
Luxurious private residences with spectacular views starting at $1,275,000. Open House and private tours daily. LandmarkResidences.com RESIDENCES The McSpadden Team 970.390.8808 hmcspadden@slifer.net
Lionshead Village, Vail
Luxurious residences with spectacular views views starting at $1,275,000. Luxurious privateprivate residences with spectacular starting at $1,275,000. Open private tourstour daily.• LandmarkResidences.com Open House 2 p.m. - 5 p.m daily or House call forand your private LandmarkResidences.com The McSpadden Team 970.390.8808 The McSpadden Team • 970.390.8808 hmcspadden@slifer.net • hmcspadder@slifer.net
VBR SERVICE DIR ECT ORY
REALTOR® OFFICES 8Z Real Estate Vail Valley (970) 949-0528 9 East Realty (970) 949-4986 Access Properties of Vail (970) 476-8610 Advantage Real Estate (970) 926-1155 Al Williams Real Estate (970) 471-1200 All Season Ventures Real Estate (970) 331-4995 Alliance Real Estate & Dev. (970) 926-6226 Alpine Mgmt. & R.E. Services (970) 855-0083 Alpine Resort Real Estate (970) 845-9599 Alpine Vail Realty (970) 331-6606 Altima Group (970) 390-7020
Clink Inc. (970) 748-0971
Four Seasons Realty, LLC (970) 926-5990
Katherine McCarty, Broker (970) 471-2276
Coldwell Banker Distinctive Prop. (970) 476-2113
Fuller BCV Sothebys Int Realty (970) 845-0400
Keller Williams Mtn Properties-Eagle (970) 328-2327
Colorado Mtn & City Homes (303) 841-0345 Crossroads Realty (970) 476-4300 Crystal Watson, Broker (970) 509-9664 D. O’Neill Enterprises, Inc. (970) 390-8228 Dalco Realty, Ltd. (970) 328-7272 Dan Zabel Realty (303) 688-8825 Danielle Stoltz, Broker (970) 977-0560
Garton Real Estate (970) 524-4116 Gateway Land & Development-Vail (970) 790-6777 Gateway Land and Development-Edwards (970) 926-6777
Mountain Valley (970) 926-5692 Mountain West Real Estate (970) 476-0500
Ken Wilson Broker LLC (970) 390-1320
Mountain West Real Estate Services (303) 715-8719
Grimaldi International R.E. (970) 926-0029
King Realty (970) 328-5090
My Mountain Realtor, LLC (970) 477-1984
Heather Hutto, Broker (970) 260-3779
KKS Property Mngmnt & RE Sales (970) 328-6890
NAI Mountain Commercial (970) 476-6415
Heather Stolz, Broker (970) 476-2113
High Life Properties, LLC (970) 926-6097
Leslie Hindman Real Estate Auc (312) 334-4205 Lifestyle Realty (303) 232-0305 Lindvall Mountain Real Estate (970) 390-2695
THE VOICE OF REAL ESTATE IN EAGLE COUNTY
Ascent Sotheby’s Realty (970) 476-7944
Mountain Properties Real Estat (970) 949-5474
Keller Williams Mtn Properties-Vail (970) 476-1600
Antlers At Vail Real Estate (970) 476-2471 AP Resort Concepts (970) 390-3703
Mountain Management Group, LLC (970) 390-5942
Kim Tofferi, Broker (970) 390-4701
Helen M. Gies, Broker Dantas Colorado Properties, Inc (970) 390-3455 (970) 376-6111 High Country Realty, Inc. (970) 476-5328 Dauphinais Real Estate, Inc. (970) 476-9112
THE VOICE
Nancy Lipsky & Co (970) 328-5551 Nancy Powell Real Estate (970) 376-5833 Nancy Schmidt, Broker (970) 445-7796 Navarro Lowrey Properties, Inc (970) 390-5302 Neff International Realty Ltd (561) 997-4995 North South Properties Inc (970) 328-6258
ASE Real Estate (970) 328-3792
Parliament Properties (970) 470-2384
Backhus & Associates (970) 471-0440
Patricia Nixon RE Sales & Rent (970) 476-7582
Beaver Creek Mgt./CO. Ranch (970) 926-1122
Pattison Mountain Properties (970) 476-9124
Berg Real Estate, Inc. (970) 376-0215
Peak Service Realty & Mgmt. (970) 949-4886
Beth Runyon, Broker (970) 390-9991 Betsy Wilson, Broker (970) 376-8630
Davos Group (970) 390-6070
Beveridge Real Estate (970) 328-7444
Davos Group Vail (970) 376-8245
Black Diamond Real Estate, LLC (800) 862-5105
Dean A. Johnson - Broker (970) 949-4338
Black Diamond Realty (970) 476-4414
Destination Resort Prop., LLC (970) 390-8895
Bold Real Estate Solutions, LLC (970) 949-6070
Distinguished Properties Realty (970) 926-3777
Brandess-Cadmus Real Estate (970) 476-1450
Donald L. Horst, Broker (970) 471-1737
Buyer’s Investment Group, LLC (970) 926-2305
Eagle Valley Realty, LLC (970) 328-9519
C & B Real Estate Co., (970) 926-8709
EagleVail Realty & Management J.F. Real Estate (970) 306-7767 (970) 904-2002 Emshwiller Residential R.E. John Helmering, Broker (970) 618-1495 (970) 331-1110 Equitana Realty John Krueger, Broker (970) 328-5455 (970) 926-1858 Excalibur Management Jon Reid Lindner Real Estate Company (970) 331-6111 (970) 845-7700 Joni Taylor & Company R.E. Field of Streams (970) 390-1402 (970) 390-7565
Carl H. Luppens, Broker (303) 394-1400 Cary Realty (970) 926-2567 Christiana Realty, Inc. (970) 477-7850 Churchill Real Estate Co. (970) 471-0420
Highmark Real Estate (970) 343-0703
Lion’s Gate Real Estate LLC (720) 289-6338
Playground Destination Prop. (970) 748-6432
Hoffman West Real Estate (970) 926-6000
Lodge Real Estate (970) 754-7814
Homestead Prop. of Colorado (970) 688-0721
Lynn Gregg (970) 390-0681
Prudential Colorado Beaver Creek (970) 845-8440
Inn at Riverwalk (970) 926-0606 International Management (970) 476-5200 International Prop Specialists (970) 479-0295
Majestic Real Estate (303) 877-5645 Mary Anne Baker, Broker (970) 376-2007 Mayer Properties, L.L.C. (303) 579-2167 McNeill Property Management (970) 479-6047 Michelle Hayes, Broker (970) 390-9095 Minturn Real Estate & Development (970) 376-2167 Morningstar Mountain Prop. LLC (970) 328-3456
Prudential Colorado Edwards (970) 926-8440 Prudential Colorado Eagle Ranch (970) 328-2482 Prudential Colorado Gypsum (970) 524-1150 Prudential Colorado Lionshead (970) 476-2482 Prudential Colorado Villa Montane (970) 845-8700 Ranch Creek Land Company (970) 476-7051 RE/MAX Vail Valley (970) 766-7355
MARCH 2013 | VAIL VALLEY HOME
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THE VOICE
1675 ASPEN RIDGE RD VAIL
VBR SERVICE DIR ECT ORY
Slifer Smith & Frampton - Highlands (970) 845-8053
(970) 328-8776
Slifer Smith & Frampton - Bachelor Gulch (970) 845-2300
Timbers Real Estate Co. (970) 477-8030
Slifer Smith & Frampton - The Charter (970) 845-3815 Slifer Smith & Frampton - Avon (970) 845-2000 Slifer Smith & Frampton - Arrowhead (970) 926-3000 Slifer Smith & Frampton - Cordillera Divide (970) 926-3505 Slifer Smith & Frampton - Solaris (970) 477-5720 Slifer Smith & Frampton - Red Sky Ranch (970) 754-8411
“King of the Mountain” location * 180-degree views * 5 bedrooms/7 baths * air-conditioning * stunning new contemporary design “makeover” * 3 fireplaces * 3-car garage * 6,485 square feet inside plus 1,400 square foot stone patio outside.
Offered at $4,500,000 (formally $6,250,000)
Slifer Smith & Frampton - Westin (970) 748-5420
Cathy Miskell
970.376.7227 or cmiskell@slifer.net
www.UpscaleVail.com
VAIL VALLEY HOME | MARCH 2013
Trotter Real Estate LLC (970) 524-8323 Turner Real Estate Group (970) 926-4910 Two Rivers Village Realty (970) 337-2300 United Country Colorado Mtn Property (970) 328-6600 Vail Buyer Brokers (970) 471-1190
Vail Holm Brokers (970) 471-3333
Solaris Real Estate, LLC (970) 479-6000 Sonnenalp Real Estate, LLC (970) 477-5300 SPI Property Management Inc. (970) 479-5444 Steve Hill Mtn. Properties (970) 926-7701
Sun N’ Ski Properties, LLC (970) 949-4840 Suzanne J. Dugan, Broker (970) 376-4994 Swanepoel Enterprises LLC (970) 376-2201 Terry Krueger, Broker (404) 840-2952 The Kleimer Company (970) 471-1425 The Mercury Alliance Mountain Properties (970) 949-8133 The Valley Home Store, LLC
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Trombetta Mountain Real Estate (970) 390-1115
Smith Eaton Real Estate & Property Mgmt (970) 926-7930
Sullivan/Nicholas & Co. (970) 476-4405
Contact:
Torrey Tulley Benson, Broker (720) 284-8045
Vail Colorado Luxury Mountain (970) 470-3953
Sturm Financial Group (303) 394-5393
For more information and directions
Todd M. Keleske, Broker (970) 390-0070
Slifer Smith & Frampton - Hyatt (970) 845-9400
Stockmans Land Exchange (970) 328-7500
VailRealEstate.com
Tim Cashin, Realtor, Inc. (970) 390-8462
Vail Home Rentals, Inc. (970) 748-5016 Vail Homes & Properties, LLC (970) 977-0315 Vail Mountain Real Estate (970) 949-6349 Vail Properties Unlimited (970) 331-6042 Vail Property Brokerage, Inc (970) 476-8850 Vail Property Sales & Mgmt (970) 926-5252 Vail Realty - Beaver Creek (970) 949-9200 Vail Realty - Vail (970) 476-8800 Vail Sales and Rentals (800) 720-1831 Vail Valley Land & Dvlpmnt. Co (970) 376-0228
Villages Real Estate (970) 390-6125 Vistar Real Estate, Inc. (970) 476-6223 Walter Realty Group, Inc. (970) 926-5748 Warner Developments, Inc. (970) 949-4360 West Valley Real Estate, LLC (970) 524-0344 Willows Real Estate (970) 476-2233 Wirth Management, Inc (970) 479-1082 Wynton Homes Realty (970) 328-4226 Your Castle Mountain Prop, LLC (303) 962-4272
APPRAISAL OFFICES Alpine Appraisers Tom Griffin, (970) 331-3737 Alpine Resort Appraisals Angela Servies, 970) 390-4670 Angelo’s Appraisal Angelo Loria, (970) 845-5056 Anthony Sears Appraisal Anthony Sears, (970) 376-7226 The Appraisal Office, Inc. Kurt Lemme, (970) 376-1771 Appraisal Services of Vail Rich Reeves, (970) 471-1761 C & S Appraisal Services Christopher Scheer, (720) 435-2907 Colorado Appraisal Group Todd Serwatt, (970) 390-2450 Colorado Valuation Consultants Gary Tucker, (303) 238-8626
Vail Valley Properties (970) 476-6789
Eagle County Assessor Mark Chapin, (970) 471-3985
Vail Valley Resort Properties (970) 376-4337
Elizabeth D. Macleod, Appraiser (970) 926-7817
VailSmith Properties (970) 904-0970
Nancy F. Maxon, Appraiser (970) 926-2262
Valley View Realty, Inc. (970) 470-1441
Rocky Mtn. Valuation Services
Jamie Humphrey, (970) 390-5143 Steven J Pier, Appraiser (970) 328-2066 Gary Shields, Appraiser (970) 328-7735 Sturm Financial Group Connie Weigel, (720) 314-5161 James Trudeau, Appraiser (970) 390-0961
GOLD AFFILIATES
Megastar Financial Corp. (970) 748-1234 Mountain Home Inspection (970) 331-5001 Olde Towne Moving & Storage (970) 704-9449 State Farm Insurance (970) 926-1600 Steammaster Restoration & Cleaning (970) 827-5555
Ago Studios, Inc. (970) 748-9474
Stewart Title Of Eagle County (970) 766-0249
AirPlanners (970) 569-3311
Thul Electronics (970) 949-4638
Allegory Studios (518) 580-1987
Title Company of the Rockies (970) 949-9497
Alpine Bank Mortgage Division (970) 748-5743 Alpine Bank of Edwards (970) 748-5757 Archibeque Land Consulting LTD (970) 328-6020 Blue Sky Mortgage (970) 476-0602 Charles Cunniffe Architects (970) 925-5590
CRÈME DE LA CRÈME IN THE POTATO PATCH CLUB
Triumph Mountain Properties (970) 479-9990 US Bank Home Mortgage (970) 748-4721 Vail Daily (970) 748-2946 Wells Fargo Mortgage (970) 949-9203 What To Do, LLC (970) 790-6878
950 RED SANDSTONE ROAD #30 POTATO PATCH, VAIL $1,775,000 BEAUTIFULLY FURNISHED Graced with the highest quality finishes including integrated plaster walls, gourmet kitchen, private courtyard, soaring windows, and stunning vaulted wood ceilings. Generous dining room and gracious master complete this 3-bed 4-bath home. Upgrades of this magnitude are unlike any other in the area. Amenities include 25-meter pool, hot tub, clay tennis courts and acres of beautifully landscaped grounds. This property is also being offered with one of a kind furnishings. 3 bedrooms, 3.5 bathrooms 2,726 Square Foot Furnished Home $1,775,000 MLS# 915381 Current Taxes: $3,736.04 Quarterly HOA fees: $2,375 New Assessment of $150,000 paid for by the current owner
G at e way land & development
I pledge to give 5% of my Earnings to the Charity of my Buyer or Seller’s choice. RobertSchilling | 970.390.0705 RobFromVail@Earthlink.net www.RobSchilling.com
a
r e a l
e s t a t e
c o m p a n y
G at e way land & development a
r e a l
e s t a t e
c o m p a n y
Colorado Business Bank/Rockies (970) 926-6801 Comerford Insurance Agency,Inc (970) 328-4000 EverBank (970) 471-0059
INTERIOR DESIGN
Exclusive Vail Rentals (303) 278-2689 FirstBank (970) 949-0100 Heritage Title Company (970) 328-5211 Land Title Guarantee Co./Avon (970) 949-5099 Land Title Guarantee Co./Eagle (970) 328-5065 Land Title Guarantee Co./Vail (970) 476-2251 Laureen Hopkins Interior Design (970) 926-8462
THOUGHTFUL
FOCUSED
UNIQUE 970.343.9470
Luxury Home Rentals (970) 748-4480 Lyon Design Group Inc. (970) 926-8682 Majestic Appraisal Svc, Inc. (303) 782-9333
www.holtzdesignstudio.com MARCH 2013 | VAIL VALLEY HOME
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THE VIEW
LOCALES
Vail
In the spring of 1962, Vail was more of an idea than a reality. Before the runs were cut and the streets were mapped, Vail's mountains and valleys saw more sheep than people. Construction crews arrived and the original movers, shakers and founders put their hearts and souls into creating what is now a year-round resort with luxury hotels, beautiful homes, boutique shopping, fine dining and Rocky Mountain adventures.
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VAIL VALLEY HOME | MARCH 2013
IMAGES COURTESY OF VAIL RESORTS PHOTOGRAPHY
Stays on top of the luxury real estate market, trends and top action in the Vail Valley.
Knows what to do, where to go, what to buy and how to sell — making Liz the best Realtor (and tour guide) on the slopes and in the Vail Valley.
Clothing courtesy of AxelsLtd.com
Liz Leeds...Others Follow Slifer, Smith & Frampton| Lionshead| Vail Cell 970-331-1806 | LizLeeds@msn.com | LizLeeds.com | SliferSmithAndFramptom.com
it helps assure that you are buying a home that is safe, sound and priced fairly. When you work with Liz Leeds, you’ll get the best strategies and proposals to land you the right property at the best price and terms. Read Liz’s Top Ten Reasons to Work With a Realtor at LizLeeds.com. Then call Liz.
Ready to discuss your needs over coffee or on the lifts.
ONE
Sharp, witty, focused and always thinking of ways to maximize clients’ time and money.
The number ONE reason to work with Realtor Liz Leeds: She lowers your risk. When you are represented by a Realtor,
Your Luxury Realtor in the Vail Valley
Beaver Creek
Beaver Creek Lodge No. 604 5 Bedroom | 5.5 Bath | 4,295 sq. ft. | $3,995,000 Page Slevin, 970-390-7443
Bachelor Gulch
Horizon Pass Residences No. 208 4 Bedroom | 4.5 Bath | 2,673 sq. ft. | $2,995,000 Terry Nolan, 970-471-2210
REAL ESTATE SALES | VACATION RENTALS 7 Offices. 80 Brokers. The Entire Vail Valley. PrudentialColoradoProperties.com
The Ranch at Cordillera
50 Elk Springs Court 5 Bedroom | 5.5 Bath | 8,598 sq. ft. | $1,990,000 Valerie Valene, 970-471-1424
Cordillera Valley Club
33 Wilmor Drive 5 Bedroom | 6 Bath | 5,077 sq. ft | $1,995,000 Brooke Ferris, 970-376-0531
Beaver Creek
Ridgepoint No. 184 3 Bedroom | 2.5 Bath | 1,906 sq. ft. | $735,000 Andrew Keiser, 970-331-4695
Bachelor Gulch
Snow Cloud No. 611 3 Bedroom | 3.5 Bath | 1,907 sq. ft. | $1,685,000 Carolyn Piper, 970-376-3051