The long wait for the destiny of the vacant residential lots subdivision in Steamboat Springs called "The Barn Village" is over with the ownership entity releasing pricing yesterday. If building a second home or an investment property in Steamboat Springs right next to the Famous Steamboat Barn is in your long term goals, you may want to read the rest of this notice. I think many investors will get great values during the early steps of the seller's roll out strategy.
Steamboat Barn Village was originally developed back in 2007 and was sold out more than twice over when initially released. With the massive shift in the economy, most of the buyers didn't move forward with their purchases. A few lots sold after but sales never gained momentum, the developer struggled and was eventually foreclosed on by the bank. The note was auctioned for about $5.6M and Gibraltar Capital, the Private Equity arm of Toll Brothers bought the note. They were finally able to foreclose on the 47 remaining lots in Steamboat Barn Village a few months ago. Gibraltar is strong so their ownership removes the distress in this development and should allow it to move forward. Gibraltar is releasing all the currently available lots at the same time but are planning on only selling 5-10 lots at this advertised pricing after which the prices will be raised 5%. The deadline to submit an offer is Monday, May 13th at 5 PM MST.
Please follow the links below to get more information:
AVAILABILITY MAP
PRICE SHEET
I have the insight to help you properly evaluate this market opportunity, see if it makes sense for you and structure the right strategy in getting involved with a great investment in beautiful Steamboat Springs. These are big discounts from original pricing but they only make sense if they are a good value based on what your goals are. As a buyer/investor, my help comes at no additional cost to you as the seller covers all broker participation commissions, so give me call at 970-291-9412.
I'm looking forward to serving you!
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