Led Gardner


The Vail Valley has evolved over the past forty years into far more than just a ski resort community, and is now widely recognized as a recreational and cultural mecca. Whether a powder day in the Back Bowls, eighteen holes of golf at Red Sky Ranch, a performance by the New York Philharmonic on a cool summer's eve, or yet another fantastic dining experience at Larkspur or Splendido's, the Vail Valley has become a treasured escape for generations of families who have chosen to make this their Colorado home.

Each community within the Vail Valley has its own unique personality, and experience shows that our buyers find one which immediately feels like home. I encourage your visit to each one, in order to find where your "heart is happy", and within which you and your family will create priceless memories for years to come.




Founded over forty years ago on little more than a dream, Vail is where it all got started... an charming mountain village surrounded by soaring peaks, pastoral meadows, rushing streams, and one of the world's premiere ski mountains. Known for its wealth of recreational opportunities, intimate pedestrian streets, superb dining, renowned shopping and exciting nightlife, Vail is perennially recognized as the top ski destination in North America.

Owning a home in Vail is a dream held by many, one that can be as simple as studio condominium along the banks of Gore Creek or as spectacular as a slopeside, ski-in ski-out mansion. Now in the midst of a wildly successful, billion-dollar renaissance (see our Vail Renaissance link for more information), Vail and Lionshead are literally changing daily before our eyes. I encourage your call to discuss the ever-evolving opportunities in one of the world's most dynamic real estate markets.

The old saying, "location… location… location" has never been more apt than in Vail. Luxury properties enjoying "beach-front", slopeside locations in Vail Village command prices similar to those of the most exclusive markets in the world. New condominium and townhome projects in Vail Village are selling for between $2,000 - $3,000/sf, with slopeside homes generally priced from $8 - $10 million, and topping out at $20 million and more.  Older Vail Village properties have risen with the tide, and now command prices of $1,200 - $1,800/sf.

Always seen as an economical alternative to the Vail Village, Lionshead is finally coming into its own. Located a three-minute ride from the village core, Lionshead is undergoing a breathtaking transformation.

The new Arrabelle at Vail Square project saw 573 buyers line up for approximately 70 properties, resulting in an immediate, precedent-setting sellout of the development in January of 2005. Located at the base of the mountain, and adjacent to the Eagle Bahn Gondola, this beautiful hotel/condominium development will single-handedly transform the face of Lionshead, anchoring several more new projects which will revitalize the perfect slopeside location of this area. The adjacent Eagle-Bahn Express chairlift, also located next to the Arrabelle development, provides an alternative route up the mountain, and is the preferred lift for those in-the-know. A third lift from the Lionshead area, widely rumored to be another Gondola, is pending final approval. Located adjacent to the brand new Gore Creek Place townhomes and a yet-to-be-built Ritz-Carlton condominium development, this will further establish Lionshead's position in the successful future of Vail.

The latest new developments continue to experience overwhelming success, the most recent example being the Ritz-Carlton Residences to be located in west Lionshead.  99 contracts for 71 properties had arrived by the initial reservation deadline in mid-February, 2007.  A selection process was held the next morning (literally, drawing names out of a box!) and resulted in accepted reservations on 42 residences.  Within days, another 16 residences had been placed under contract.  With but a few select residences remaining, a sell-out is almost assured by the end of the ski season.

Properties in Lionshead have typically lagged somewhat behind Vail Village, yet this too is changing. Arrabelle at Vail Square averaged around $1,100 - $1,200/sf pre-construction, and the new Ritz-Carlton® project generally priced out in the $1,500 - $2,000/sf range.

Slopeside single family and duplex homes in Lionshead have typically sold in the $3 - $5 million range. Changing this dramatically, however, are the prices being commanded by the new Forest Place development, comprised of four luxury homes situated directly on the Lionshead ski way. Three of these 10,000 sf properties have been placed under contract, at prices ranging from $12 - $16 million.  

Much like in Vail Village, older properties in Lionshead have risen with the tide, and are now generally selling in the range of $900 - $1,200/sf. It is important for buyers of these properties to thoroughly understand future renovation plans of the properties they buy, as special assessments for these renovations frequently run $50,000 and more per residence.

Moving further out from the beachfront location of the village core results in pricing adjustments accordingly. Homes in the desirable Cascade Village/Glen Lyon area, served by its own ski lift and a host of amenities, typically sell in the range of $800 - $1,000/sf. The East and West Vail areas, located just a five minute drive to Vail Village, most often see pricing for single family homes in the $400 - $600/sf range. With the Town of Vail essentially built-out, and demand skyrocketing, prices should continue to show strong appreciation well into the future.




Years ago known as "Vail's little sister," Beaver Creek Resort has developed it's unique personality, style and reputation as one of the world's most luxurious resort communities.  Strict architectural guidelines guided its growth into a resort renowned for luxury, elegance and European charm.

Beaver Creek Resort has earned numerous national and international awards, ranging from guest service, to grooming, to ski school, to its wealth of restaurants, and the resort regularly enjoys a Top 10 ranking by each of the major ski publications. Among the Beaver Creek's many highlights is the renowned Vilar Center for the Arts, a year 'round, state-of-the-art performing arts venue featuring everything from classical music to children's theater. Other popular attractions include Beaver Creek's year 'round outdoor ice skating rink, terrific hiking and mountain biking trails, an enticing variety of shopping promenades and several of the Vail Valley's most renowned restaurants.

Beaver Creek Mountain features one of North America's only European-style, Village-to-Village skiing experiences. Skiers and snowboarders now relish in skiing champaigne powder on the interconnected mountains of Beaver Creek, Bachelor Gulch Village and Arrowhead, each with its own distinct personality and ski slopes of varying challenge.

Beaver Creek Resort offers a rare collection of single-family homes, duplexes, condominiums and townhomes. While most of these properties still serve as second-homes, a growing number of owners have become year 'round residents of the resort. One of the Vail Valley's most prestigious addresses, Beaver Creek attracts the discriminating buyer desiring the finest in year-round amenities, services, security and privacy.

Single family homes in Beaver Creek most often sell in the $4 million to $6 million range, though it is not uncommon for residences on upper Borders Road to sell for $7 million and more. Exclusive Strawberry Park, a gated community within the resort, most often reflects sales of $8 - $10 million and greater. A spectacular, $17 million listing is currently on the market, and sure to sell in the near future.

Townhomes in the resort most typically sell in the range of $1.5 - $3 million and more, or $800 - $1,000/sf. Condominiums range from $900,000 to over $4 million, with the sweet spot in the range of $800 - $900/sf. Prices at The Chateau and other premiere developments often run $1,300/sf and more.

Beaver Creek is now built-out, a fact reflected in rapidly increasing property values throughout the resort.




In but a few short years, Bachelor Gulch has quickly established itself as one of the most desirable resort communities in the world, much less the Vail Valley. Home to many of the area's most impressive properties, the resort is further anchored by the spectacular 237-room Ritz-Carlton, Bachelor Gulch® hotel, and offers huge views, pastoral meadows, and rolling ski terrain that is perfect for the whole family.

The renowned architecture within Bachelor Gulch Village was inspired by the grand lodges of national parks like Zion, Yellowstone and Yosemite, and features a variety of natural materials including massive logs, rustic timbers, and highly-crafted stonework. Almost 85% of the properties within the resort are ski-in, ski-out, a key reason behind its resounding success.

Bachelor Gulch features an amazing selection of unique single family homes, condominiums and townhomes. Homes of 7,000 - 10,000 sf are the norm, most featuring rare, ski-to-your-door convenience. Luxury condominiums and townhomes are spread throughout the resort, offering perfect ski access and beautiful settings. The resort also features vacation ownership opportunities at The Ritz-Carlton Club® , rumored to be the most successful fractional ownership property within The Ritz-Carlton® chain.

Pricing within Bachelor Gulch Resort is reflective of its popularity and perfect ski access. Single family homes now sell most frequently in the range of $900/sf and more, with prices of $8 - $10 million the norm. A new pricing benchmark was recently established with the sale of a $14.2 million custom home on Bachelors Ridge Road. Condominiums and townhomes are usually priced between $900 - $1,000/sf and more. Recent completion of the Hummingbird Lodge means the resort is now built-out. With strong demand and a now-limited supply of property, prices should appreciate accordingly into the future.

 





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