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Winter 2023/2024 Real Estate Update

I spent the last two weeks of 2023 at Eagle Point enjoying a mix of work-life and family-time. Although we could only ski some of Eagle Point’s expansive terrain, the mountain was buzzing with people, and the condos were full. We all wore smiles as we schussed through the holidays with family and friends thanks to the snowmaking system and water storage pond installed in 2018. This marks the second December opening saved by snowmaking, our fallback plan when we receive insufficient natural snowfall to operate for the holidays. All of us staying at the resort shared a collective thankfulness that it was just snowy enough for a great time in the mountains with family and friends.


A summertime view of Eagle Point’s 6.5 million gallon storage pond behind Aspen Crest


The community of Aspen Crest, where I live, is accessed by the ski run Glacier Glade, one of the primary beneficiaries of our snowmaking system. Accordingly, Glacier Glade’s snow allowed owners and guests to ski right up to their properties for the ultimate mountain experience. I must shamelessly admit that the ski-in/ski-out lifestyle at Eagle Point is very cool. You come and go with ease from the slopes to your home throughout the day. My family and I would switch between eating lunch in the lodge one day and making lunch at our home the next, all while skiing and riding in and out. Forget your balaclava or some handwarmers? No problem. Just ski home quickly and grab them! As we continue the rollout of ski-in/ski-out properties around the resort, I’m confident that Eagle Point will become well-known for its collection of amazing properties and the unique ski-in/ski-out experiences they offer.


A look at future ski-in/ski-out opportunities at Eagle Point Resort


I was quite pleased with the operation during the opening stretch. Both the Skyline and Monarch lifts enjoyed their smoothest operation ever, courtesy of their new electrical interfaces. Guests and mountain locals alike gave great reviews about the new General Store in Canyonside Lodge, which will save many people the 18-mile trip down the mountain for basic groceries and supplies. Stop by next time you visit to see the store’s offerings. 


I’ll conclude the resort update with probably the most notable news in Eagle Point’s history. The resort and the community of Beaver County look forward to late January 2024 when Olympics legend Shaun White will visit the resort for a few days in connection with a VRBO.com private takeover of Eagle Point. You can read more about Shaun's visit in this Forbes article. I am really excited to ride Eagle Point with Shaun White. 


REAL ESTATE UPDATE

Detailed below is a fourth quarter 2023 update of real estate activity in our community. 


  1. NEW DEVELOPMENT


Aspen Crest Premier Phase II Subdivision

We are now marketing Aspen Crest Premier Phase II, consisting of 8 of the nicest ski-in/ski-out lots in the country. These lots extend the iconic viewscape of homes that currently line the Glacier Glade ski run. Prices range from $400,000 to $630,000. I’m looking at a few opportunities to partner with one or more custom home builders to design and build a home for sale in the new subdivision. We see a lot of buyers who want finished homes, and there is no cabin inventory at all at Eagle Point. If you are looking for a new ski-in/ski-out home for delivery in 2025, please reach out to me. 


Aspen Crest Premier Phase II Lot 1 -- 0.50 acre lot.  Listing price:  $450,000.


Aspen Crest Premier Phase II Lot 2 -- 0.50 acre lot.  Listing price:  $400,000.


Aspen Crest Premier Phase II Lot 3 -- 0.53 acre lot.  Listing price:  $450,000.


Aspen Crest Premier Phase II Lot 5 -- 0.63 acre lot.  Listing price:  $630,000.


Aspen Crest Premier Phase II Lot 6 -- 0.63 acre lot.  Listing price:  $630,000.



  1. AVAILABLE CONDO & HOME LISTINGS


Skyline Terrace Condo 1 -- This 1BD/1BA, 880 sq ft ski-in/ski-out condo is under construction for delivery in mid-2024.  Listing price: $375,000. 


Skyline Terrace Condo 9 -- This 2BD/2BA plus loft, 1,615 sq ft ski-in/ski-out condo is under construction for delivery in mid-2024.  Listing price: $645,000.


Snowflake Condo 11 -- This 2BD/2BA + loft, 1,204 sq ft ski-in/ski-out condo comes fully furnished with multiple upgrades throughout. Perfect for personal and/or rental use.  Listing price: $515,000.


  1. AVAILABLE LOT LISTINGS

 

Aspen Crest Premier Lot 1 -- This 0.93 acre ski-in/ski-out lot is located atop the Aspen Crest neighborhood with views in every direction. Arguably the best lot at Eagle Point and the gem of Aspen Crest.  Listing price: $950,000.


Skyline Terrace Homesite 5 -- This 0.42 acre ski-in/ski-out lot is located in the new Skyline Terrace neighborhood. Listing price: $400,000.


These West Village lots are a terrific value at Eagle Point and also only a short walk from Canyonside Lodge:


West Village Lot 86 -- This 0.70 acre lot is the epitome of convenience for mountain living at Eagle Point Resort.  It is only a short walk to Canyonside Lodge.  Gorgeous views of the surrounding mountains and easy access from the highway.  Listing price: $150,000.


West Village Lot 27, West Village Lot 28, and West Village Lot 29 are a cluster of adjacent lots for $96,000 each. This is a great opportunity to own a sizable chunk (2.54 acres) of Eagle Point land.  Seller will entertain an offer of $225,000 for the purchase of all 3 lots.


  1. SALES SINCE LAST UPDATE


252 N Elk Meadows Dr -- 4 bedroom/3 bathroom cabin, 2,262 sq ft.  Sale price:  $1,190,000.


West Village Lot 126 -- 0.91 acre lot.  Sale price:  $63,000.


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 already 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. 


Happy New Year!


Best wishes,

Shane P. Gadbaw

Owner/Operator/Developer - Eagle Point Resort

Owner/Broker - Aspen Equity Real Estate

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