Breckenridge lot sets record price
October 14, 2007
BRECKENRIDGE, Colo. ” It’s beginning to look a lot like Aspen ” several years ago, of course. Breckenridge has been breaking real estate sales records, and now a new one’s on the block: a 17.2-acre lot is listed for $5.4 million near the base of Peak 7.
It is the most expensive single family lot in the history of Summit County, said Bret Amon, a local relator with Ten Peaks ” Sotheby’s, who represents The Hall McNeer Develoment Group, which owns the parcel.
But is it viable, given the fact that the most expensive home ” a six-bedroom, six-and-a-half bath ” just sold for $5.5 million Aug. 31? Amon thinks so.
“It could take up to a year to sell, but it’s a trophy elite home site at the base of Peak 7, and I’m confident that it will (sell) with what’s going on up there,” he said.
He sees an international real estate mogul or sheik buying the property ” or even a Texan with oil riches. He points out that a parcel such as the one in Breckenridge would cost $8.5 million to $10 million in Vail and at least $10 million to $15 million in Aspen.
The parcel went on the market Sept. 27. The Hall McNeer Development Group listed it now to cash in on the buzz that’s going on with the development on Peak 7, including Crystal Peak Lodge, Grand Lodge and Shock Hill. The property lies below the gondola, in-between the Shock Hill midstation and the base stop at Peak 7. It fronts more than 1,500 feet of Ski Hill Road, and eight of the 17 acres are a deeded conservation easement in Cucumber Gulch.
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At one point, the owner approached the town of Breckenridge about relocating a conservation easement on the parcel, based on a recommendation by Breckenridge’s wildlife biologist, Dr. Christy Carello. The owners retained their own environmental team, which concluded, along with planners from the town, that the easement was properly located.
“We were always fine with the easement’s original location and informed our wildlife biologist, botanist and hydro-engineer that we would abide by their findings,” said William McNeer. “We’re glad we took the extra steps necessary to insure this was the case.”
Because the parcel is so large, there aren’t any comparable sites. However, a 0.96 acre parcel on Westridge Road sold for $2.1 million, and a parcel with just more than half an acre on TImber Trail Road sold for $2.6 million. Both are ski-in, ski-out locations.