Upward trends in the Steamboat Springs real estate market began in 2017 and are continuing in 2018, with lack of inventory remaining a challenge for buyers, especially in the single-family home bracket.
Through the beginning of 2018, the average price for a single family home in Steamboat has pushed past the $600,000 mark. However, unlike many other markets throughout the state, Steamboat Springs still presents unique opportunities and some good values, without the pressure on buyers of having to compete with dozens of other offers.
Still, because the single-family home niche remains so active, many listings are going under contract in less than a week.
“With the necessity for up-to-the-minute information and the ability to move quickly once a buyer finds the right property, knowledge about the local market and timing remain key,” according to Sunny Brstina of Steamboat Sotheby’s International Realty.
The acquisition of Steamboat Ski Area, by the company now known as Alterra, has positioned Steamboat as an attractive destination for ski and snowboard enthusiasts looking for a mountain resort property, as well as investors and locals looking to “move up.”
A rare offering that would appeal to investors or buyers searching for a full-time residence is the duplex home at 2965 Ski Trail Lane. This property presents a unique opportunity to purchase the entire home, and either rent out both sides as an investment property or keep one side as a primary residence and rent out the other side, generating income to offset ownership costs.
“You can live in part of the property and rent out the other so that you have a home and are making money at the same time,” says Brstina, the listing agent.
Located just minutes away from Mount Werner and Steamboatap world-famous powder and tree skiing, as well as endless other activities throughout the year, this duplex features five bedrooms, three baths and a two-car garage in the upper unit. The lower unit features a four-bedroom, two-bath home, for a total livable space of 5,100 square feet.
While the duplex is in livable condition, it would benefit from some more modern upgrades and some TLC. For those looking to earn some sweat equity and who value the opportunity to create their own personal vision, this could be the perfect situation.
“This property has generated $86,000 per year in net income,” says Brstina. “And, with the rental market continuing to get tighter in Steamboat, the current owner has had great success in securing long-term leases with local tenants.”
This Steamboat Springs mountain duplex is situated in the mountain area with many luxury resort homes in the neighborhood. Most recently, the house next door sold at a price of $3 million, which is “an encouraging sign that this property is an investment that is well worth considering.”
For more information about 2956 Ski Trail Lane in Steamboat Springs, visit or contact listing broker Sunny Brstina of Steamboat Sotheby’s International Realty at 970-846-1574 or sunny.brstina@steamboatsir.com.
The news and editorial staffs of The Denver Post had no role in this postap preparation.
