Summer 2025 Real Estate Update
- scottmcurry
- Jul 16
- 7 min read
I wrote most of this update while vacationing with my family in Europe celebrating my 50th year on Earth, so pardon me for introducing some history into my usually practical updates. Ancient Greece is the inspiration for this piece.
Back in high school English class, I read Homer’s Odyssey, an epic story from ancient Greek literature dating back to the 7th Century BC. Odyssey explores the heroic king of Ithaca, Odysseus, during his two decade saga fighting the Trojan war and his long journey trying to return home. Back as a student, I mostly remember how I perfected placing a hand on my forehead to cover my dozing eyes while the teacher droned on about the book. Even so, it is an entertaining story with incredible legends including the one-eyed Cyclops, the Trojan Horse, Zeus and Athena.
Odyssey follows its characters on an epic journey with themes of wandering, testing and homecoming. Although my challenges have not been as serious as the Cyclops, my nearly two decades saga owning and operating Eagle Point reminds me of the many twists and turns and extraordinary experiences in the classic story. Accordingly, Odyssey Trail is a fitting name for the signature hiking and biking trail experience that we recently finished developing which connects most of the new communities we have built over the years. The Odyssey Trail traces through all of the terrain of the Monarch and Skyline lifts, with interesting features, games and parks along the way, all-the-while telling the stories of Eagle Point’s history.
Here are some of the highlights of the Odyssey Trail.
Aspen Grace Park
My favorite stop on the Odyssey Trail is Aspen Grace Park, a park that was built in connection with the first phase of homesites for the gated community of Aspen Crest. The inspiration for the park was young Aspen Grace, the first baby born in the community during my ownership. Below is an excerpt from a sign we placed at the entrance to the park.
A park should be a sanctuary for exploration of body and mind. It is a domain for kids of all ages, a gathering place for many, and refuge for peaceful retreat. It fuses the outdoors, with human ingenuity, and hand-crafted creativity.
Aspen Grace Park was born into existence with these elements in mind. And together we will watch as our community expands, youth grows and visions become realities. This park is a gift to you, and all of us who have chosen to make Eagle point part of our lives.
A special gratitude to Kristina & Trent for bringing a beautiful baby girl into this world.
The park is already one of the community’s favorite hidden gems at Eagle Point. I worked with an artist and friend, Prescott McCarthy, to install the first art + play features including: Droplet and Treehouse in the park.
3D Animal Decoys Along the Trail
We added entertainment to the Odyssey Trail in the form of a scavenger hunt for 3D decoys of signature animals native to the Tushar Mountains including elk, rocky mountain goat, coyote, mountain lion, bear and eagle which are hidden in places along the trail. This inspiration came from the fun times I had with my wife and daughter hiking around Eagle Point during the Archery Festivals looking for the decoys set out for the event.
Relics of the Mt Holly Club
In the history of this ski area, the owner who preceded me during the frothy real estate market of the mid-2000s dreamed of building the Mt. Holly Club, a private ski and golf resort. The owner hired Jack Nicklaus to design a golf course at Eagle Point. Along the Odyssey Trail, there are some tall white posts which mark the tee or green locations on the proposed golf course. My team and I ultimately dropped a golf course from our master plan, but the relics remain on Odyssey Trail.
Beyond the 3D decoys and history stops, you are likely to see deer, elk, hawks, hummingbirds, porcupines and marmats along the way. Hiking or biking on the trail is a great (and free) compliment to the many other summer activities offered by the resort. I highly recommend you spend some time on Odyssey Trail during the remaining summer and fall months.
Summer Operations and Events
Summers are so amazing up here. I love feeding the hummingbirds on my deck and listening to their distinctive buzz outside my window while enjoying my first cup of coffee of the day. Summer operations are in full swing. Last weekend we hosted Lifetime’s Crusher in the Tushars bike race, known as the toughest 69.9 miles on the planet. Many thanks to the organization, volunteers, riders and spectators for another successful event.
There is still some lodging available this upcoming weekend before another sold out weekend for the Tushars Mountain Runs by Aravaipa Running July 25-26. Finally, we are really excited to add a music series to our summer event line-up with a double-header concert, Peaks and Pines Music in the Mountains, on Saturday, August 9. We intend to make family-friendly concerts recurring events for summer operations.
Come up for a visit this summer to see the many improvements in the area or to experience the Tushars for the first time. Stay tuned to EaglePointResort.com and our social media channels for what’s happening this summer and for important release dates for the upcoming winter season. All winter products and lodging are now live at EaglePointResort.com.
REAL ESTATE UPDATE
Detailed below is a second quarter 2025 update of real estate activity in our community.
We welcome another new family to the community with the sale of Slopeside Lot 2, keeping up the consistent pace of cash purchases of ski-in/ski-out lots. The Slopeside subdivision is now sold out. Several new custom homes are nearing completion adding to the gorgeous viewscape of ski-run-lined homes that has become a signature look of the ski area. There are only 9 available ski-in/ski-out lots in the entire ski area so if you have been looking, please come back with your significant other for a final decision of the property that suits you best. You don’t want someone else to beat you to it (which happens all too often).
The market for condos remains soft with the only sales this quarter coming from original pre-sales of the new Polestar project which delivered the final units in the second building. Persistently high interest rates continue to hold off condo buyers. I expect the second half of 2025 to see improvements in the condo market as rates come down and the tariff headwinds get sorted out. There are a small handful of good opportunities in the condo market so please reach out if you are interested.
NEW DEVELOPMENT
Aspen Crest Premier Phase II
There are five remaining lots in Aspen Crest Premier Phase II, the resort’s premier ski-in/ski-out location. These lots extend the iconic viewscape of homes that currently line the Glacier Glade ski run and will have great access to the future Town Square. Prices range from $400,000 to $700,000. With the release of this letter, I have just reduced the prices of Lot 2 to $400,000 and Lot 1 to $450,000 to stay competitive with buyers in the budget range of +/- $400,000 for a ski-in/ski-out lot.
Aspen Crest Premier Phase II Lot 1 -- 0.50 acre lot. Listing price: $450,000. PRICE REDUCTION
Aspen Crest Premier Phase II Lot 2 -- 0.50 acre lot. Listing price: $400,000. PRICE REDUCTION
Aspen Crest Premier Phase II Lot 4 -- 0.72 acre lot. Listing price: $595,000.
Aspen Crest Premier Phase II Lot 7 -- 0.63 acre lot. Listing price: $650,000.
Aspen Crest Premier Phase II Lot 8 -- 0.68 acre lot. Listing price: $700,000.
CONDO & HOME LISTINGS
Newly Listed Skyline Terrace Condo 1 -- This 1BD/1BA ski-in/ski-out condo is in the sought after Skyline Terrace subdivision. This condo is currently under construction and will be delivered in Fall of 2025. If you act fast, you can still customize your finishes. Listing price: $395,000.
Newly Listed Snowflake Condo 4 -- This 2BD/2BA plus loft condo is conveniently located next to Canyonside Lodge. It is large, cozy and fully furnished. Rental income data available upon request. Listing price: $375,000.
Snowflake Condo 8 -- This 1BD/2BA plus loft, 1037 sq ft beautiful turnkey condo has it all. We believe that this is the best location for ski-in/ski-out access in the village. Listing price: $395,000.
482 Ponderosa Drive -- 2BD/2BA plus loft, 2,352 sq ft cabin in the West Village area. Escape to the tranquility of the Tushar mountains with this charming rustic cabin. This is a great fixer-upper project for the right buyer. RECENTLY REDUCED LISTING PRICE: $375,000.
Snowflake Condo 28 -- 1BD/1BA, 682 sq ft cabin. Enjoy stunning alpine views, a warm and inviting interior, perfect for relaxing after a day on the mountain. Listing price: $245,000.
Mount Holly Condos #6-C -- 1BD/1BA plus loft, 727 sq ft fully furnished, turnkey condo. Perfect mountain getaway. Listing price: $285,000.
RESALE LOT LISTINGS
Special Situation
West Village Acres -- This is a rare opportunity to own a private retreat of over 50 acres in the Tushar Mountains. Development of this parcel is made easier with access by three existing roads serving the parcel. If you are looking for a legacy investment and family retreat or a small development opportunity, you should come check out this property. Listing price: $950,000.
Ski-In/Ski-Out
Aspen Crest Lot 13 -- This 0.67 acre ski-in/ski-out lot is in the coveted Aspen Crest subdivision. Listing price: $450,000.
Skyline Terrace Lot 2 -- This 0.42 acre ski-in/ski-out lot is located above the Belknap Bow slope in the new Skyline Terrace neighborhood. RECENTLY REDUCED LISTING PRICE: $375,000.
Non Ski-In/Ski-Out
West Village Lot 29 -- Great value for this 0.61 acre lot. Listing price: $96,000.
West Village Lot 28 -- Beautiful 1.10 acre lot. Listing price: $125,000.
West Village Lot 148 -- Mountain living can be yours with this 0.55 acre lot in the West Village area on Ponderosa Dr. Listing price: $125,000.
SALES OR PENDING SALES SINCE LAST UPDATE
CONDOS:
Polestar Alpha 4 -- SOLD APRIL 2025
Polestar Alpha 6 -- SOLD APRIL 2025
Polestar Alpha 9 -- SOLD MAY 2025
Polestar Alpha 8 -- SOLD JUNE 2025
Polestar Alpha 2 -- SOLD JUNE 2025
LOTS:
Slopeside Lot 2 -- SOLD MAY 2025
Aspen Equity Construction specializes in design + build projects where we apply our unique understanding of terrain, snow and rainfall dynamics, and best-fit materials for building in the Tushar Mountains. If you own a building lot at Eagle Point and would like to break ground on a vacation home or investment property within the next two years, please ask us for a free estimate for building services.
Best wishes,
Shane P. Gadbaw
Owner/Operator/Developer - Eagle Point Resort
Owner/Broker - Aspen Equity Real Estate
Owner/CEO - Aspen Equity Construction
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