A long-vacant site in Breckenridge’s upscale Shock Hill neighborhood sold last week to a local developer for $10.25 million.
The 6.67-acre site had been on the market since 2013, when former developer Fairmont Hotels and Resorts lost the property. It was purchased by Roca Holdings.
The hotel developer tried — and failed — several times between 2006 and 2011 to build a luxury lodge on the site, but backlash from nearby residents and a dismal real estate market stalled progress.
“You don’t come across parcels like this very often,” says Ned Walley, the property broker and owner of Cornerstone Real Estate. “The original owners (of Shock Hill) saw a need to make a toniest neighborhood, a posh neighborhood, and that’s how Shock Hill came to be. It’s interesting how neighborhoods evolve over time, and Shock Hill is really no exception.”
The property, dubbed Shock Hill Overlook, is now set aside strictly for residential homes.
Roca Holdings spokesman Chris Canfield says his partners will bring a modern, high-end vision to the plot. The site plan includes a mix of luxury duplexes and clustered single-family homes.
