The city of Aspen’s coffers might have benefited from high occupancy in Snowmass in July, but the village’s did, too. Snowmass sales tax collections increased by 14.6 percent in July over the same month in 2013, according to a report from the town Finance Department. At close to $10 million, reported sales were the highest they’ve been in that month, according to records dating back to Continue Reading
Hooks Lane: Emma Ranch Luxury Auction
Emma, Colorado: Luxury Auctions AUCTION November 1st | 28-Acre Roaring Fork Valley Ranch, CO Auction Date & Time Auction Saturday, November 1st, 2014 at 11am (MST), On-Site. Registered Bidders Only. Property Previews Beginning October 8th, Open House Previews every Wednesday - Sunday, between 12 & 5pm, until the Auction. Advance appointments available upon request, with Continue Reading
America’s most expensive (official) listing hits the market: Le Palais Royal in Florida
Take that, billionaire heiresses and your $150 million pocket listings. Petra Ecclestone may be "quietly" and unofficiallyshopping around the former Spelling Manor in Los Angeles for that amount, but the builder of Le Palais Royal in Florida is willing to go on record with a $139 million price tag. (Click here or on an image for a slideshow.) “Le Palais Royal is to be the most expensive Continue Reading
Erik Cavarra Closes on 279 Midland Point Road: Carbondale
Carbondale, Colorado: Erik Cavarra just closed on this fabulous home outside of Carbondale's central core. Property Type: RES w/Improvments N/A Address: 279 Midland Point Road Carbondale, CO 81623 Status: Pending Asking Price: $849,900 List Number: 134150 Type: Single Family Area: 07-Carbondale Rural Major Continue Reading
Dancing Bear owners plan Base Village development
Snowmass Village, Colorado: Sunrise Co., Oaktree Capital sign letter of intent to build 44 fractional units The Base Village project at the base of the Snowmass Ski Area took a significant step forward from its post-recession gridlock Thursday with the announcement that Sunrise Co. and Oaktree Capital Management had signed a letter of intent with Related Cos. to develop 44 residential units in Continue Reading
SkiCo’s renewed interest in Snowmass hotel includes $100 million investment
New Limelight contingent on four-year extension of vested rights Aspen Skiing Co. is prepared to invest $100 million in the development of a Limelight hotel for Snowmass Village after signing a purchase and sale agreement last week with Related Colorado. According to SkiCo CEO Mike Kaplan, more certainty about specific improvements tied to the Base Village project weren’t the only reasons Continue Reading
Lull in real estate sales pinching Snowmass’ coffers
Snowmass Village, Colorado: Village financiers to look at alternate sources of revenue Weaker than expected real estate sales in Snowmass Village this year have the town government looking for other ways to bolster its transfer tax fund, which is burdened by demands from recreation to roads, and landscaping to capital equipment purchases. As budget season approaches, hard choices will Continue Reading
Erik Cavarra Closes Home on Fairway Drive:
Snowmass Village, Colorado: Erik Cavarra has just closed a home located on Fairway Drive in Snowmass Village. The home was only on the market for (2) days when Erik's clients placed the home Under Contract. Property Type: RES w/Improvments N/A Address: 500 Fairway Drive Snowmass Village, CO 81615 Status:Closed Asking Price:$1,995,000 List Continue Reading
Aspen Skiing Co. agrees to build hotel in Snowmass Base Village
The Aspen Skiing Co. agreed Monday to purchase a lot in Snowmass Base Village, where it will build a Limelight hotel similar to the one it owns in Aspen. Related Cos., which currently owns the stalled development at Snowmass’ base through a subsidiary, will represent Skico in the review process for the new hotel. The proposed changes to the current approvals for the lot will be included with an Continue Reading
Aspen is losing market share, speaker says at real estate event
Amid what many are calling the busiest summer in Aspen’s history, the keynote speaker of an annual real estate gathering on Thursday warned that the city is actually losing visitor market share to other resorts. Mark Harmon, founder and managing partner of Auberge Resorts, which owns and operates the Hotel Jerome, attributed most of that loss to the difficulty and expense travelers face just Continue Reading
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