USA PROPERTY FOR SALE

Winter Park Investment Potential

Unlike the well known Colorado resorts of Veil and Aspen, Winter Park, currently offers very reasonable property prices in fantastic locations with many choices available at $300 / sq ft allowing you a great selection of real estate from under $500,000 to over $2.5 million dollars.

Residential custom homes in Aspen and Veil of the same size, location and construction standard start at $3.5 million dollars while at Winter Park it is still possible to buy a 4000 sq ft home designed to your spec from $1.5 million

Given Whistler, another Intrawest project has seen growth in property prices of 70% in the last 5 years, this is a perfect time for investors to be looking at Winter Park as prices are still climbing unlike other parts of the USA and also the exchange rate is so favourable currently.

The Property Market

The rental market is very strong with an onsite Reservation Agency providing excellent guest service (check in/out, concierge services, responsive reply to housekeeping and maintenance requests, 24/7 emergency responses, etc).

Owners can use their property as much or as little as they want and also have exclusive homeowner discounts and benefits through the resort, at Copper Mountain and throughout the Intrawest network of resorts from Beach, Golf to Mountain. These include heavily discounted accommodation and 50% off lift passes as well.

While Agency fees are 50%, current lodging for 2007 is expected to give net returns of:

1 bedroom $14,000

2 bedroom $18,000

3 bedroom $27,500

Those wanting to rent are seeing occupancy growing YOY and is up again in 2007. This is thanks to Intrawest’s name now globally putting Winter Park firmly on the map as a Major ski destination and is expected to continue to grow as full occupancy has not yet been achieved.

2007 growth compared to 2006

1 bedroom +12.5%

2 bedroom +9.5%

3 bedroom +10%

(Historical data from the Zephyr Mountain Lodge rental program)

The Intrawest Village Rental Market

If global warming is a factor in your decision on where to buy a ski property, more and more people are now looking for investments in higher altitude villages. With the village at 2750m and skiing to 3650m Winter Park doesn’t have that worry.

 

It’s very easy to get to Winter Park, British Airways has direct flights from Heathrow to Denver daily for as little as £400 return. With flight times of 9.5 hours and journey time from Denver to the resort 67 miles away in just over an hour, Winter Park is as easy to get to as the Canadian resorts of British Columbia.

Getting There is simple

10 Reasons Why to Buy at Winter Park

For the 10 best reasons why you should buy a place at Winter Park, click here or on the images above (may take a couple of moments to download as large images)

If you are looking to rent your property to fund your purchase there is a very good rental market all year round thanks to it being a 4 season destination. The longer winter season is a big advantage tof buying here, with rentals typically ranging from 12—14 weeks across a 21 week season. In the summer you can expect this to be higher thanks to the ample sunshine and warm weather drawing families to take advantage of the hundreds of kilometres of hiking, lakes and other outdoor facilities.

The General Rental Market

Climate Change

As well as the $50 million mountain improvements and $100 million dollar village, the town is currently in discussion with Intrawest to build a town to mountain gondola and the Grand County is seeing the construction of its 5th golf course.

For more information about the investment plans and what one of the USA’s top Ski Magazines think about the Resort please either click here or on the image opposite (may take a few moments to download details on page).

Investment in the Area

The Recreation Centre forms just part of the bigger $270 million dollar new Fraser Town centre approximately 7 minutes from the Mountain and located just outside Winter Park Town. The project will comprise 10 city blocks and 230 residential units as well as restaurants and retail space.