Winter Park Real Estate: Telemark townhomes and condos are selling fast
February 26, 2008
Telemark townhomes and condominiums recently closed its last condo building with only two developer units remaining on the market from the entire project.
Construction began during the summer of 2005 with Chuck Bailey of Catamount Properties as the developer. Since the project’s inception, 33 of the 35 energy-efficient homes have been purchased. Construction on the final building is expected to be complete by the end of this ski season.
Listing Broker Kristen L. Meyer of Century 21 said she is impressed with the way the homes turned out ” a perfect combination of location and contemporary mountain-style design.
“We all worked hard to get it right,” she said, adding that “smart and well-coordinated design touches yielded an attractively priced townhome with great livability and true mountain ambiance.”
The community is immediately adjacent to the Fraser River and Baker Lake, which gives the units more than 500 linear feet of water frontage and adds to the serenity of the neighborhood. The placement also keeps within the company concept of creating a residential area that integrates the orientation of the natural elements into the surrounding community. The remaining two unsold townhome units, located right on Baker Lake, are priced from $519,000.
“We’ve built them as fast as we could and never had finished, unsold inventory,” Meyer said.
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The Telemark Condominiums have two different models. The Caribou plan (Units E and F) includes the end and interior units on the lower floor of each condo building. With one bedroom and one bathroom (as well as a spacious living/dining area, kitchen and living room), total square footage is 687 to 718 feet depending on whether they are an interior or end-unit. The Toponas Plans (Units G and H) are the two-bedroom, two-bathroom top-floor units with attached garages (1,152 to 1,172 square feet, depending on the location).
The Telemark Townhomes consist of four models. The Elkton models in Unit A have three bedrooms and two bathrooms, and are within 1,537 square feet including a large great room and two outdoor decks. The Ladora plan (Unit B) is the deluxe version with an extra bathroom, extended bedroom loft, three-sided glass exterior walls and optional wrap-around decking for a total of 2,011 square feet. The Tin Cup (Unit C) models have two master bedrooms and two regular bedrooms, three bathrooms (each master has its own), two private decks and a penthouse loft for a total of 2,019 square feet. The Tarryall (Unit D) includes units with three master bedrooms, three master baths and a total of 2,040 square feet.
Residents not only benefit from the incredible views, but are within walking distance of the Fraser River Trail, restaurants, shopping, and are on the local bus system. There are also 12 additional unreserved parking spaces for guests, and many of the exterior construction materials were selected to minimize the maintenance costs associated with weather at an elevation of nearly 9,000 feet.
The developer’s success with the community inspired Bailey to begin another townhome development by Catamount called Riverwalk on the Creek. It is being constructed by Colorado Regional Construction, which has an office in Fraser and is working on several other projects in the area.
The community’s six homes were sold within a month of release, which Meyer also attributes to its attractive design, and location along Vasquez Creek with nearby amenities and open space on three sides.
Bailey said real estate investors should stay tuned to see where his next community will crop up, hinting that there may be another community with similar characteristics already in the planning stages.
“The Winter Park multi-family market has been relatively strong,” he said, adding that finding the right site, taking the time to design it right and understanding the intricacies of the market are important factors.
While there are people who might think the county is in an era of uncertainty (real-estate wise), Bailey said he sees it as “the calm before the real storm.”
He feels Winter Park is “significantly underdeveloped” and that with its attractive location, homebuyers are compelled to take the opportunity to purchase a second home within such “a short distance to a world-class resort at such competitive prices.”