Grand County real estate is on the radar screen of buyers from around the world after being overlooked for years while other mountain communities grew in popularity. If you’re lucky enough to have discovered the value of Grand County’s location, beauty, amenities, and lifestyle, your timing is good.
Now more than ever, it is worth the effort to compare the opportunities available in the Grand County. Winter Park’s maturing second home market offers many options to meet the varied personal and economic parameters of buyers in the marketplace, because no one thing is for everyone. The Cabins Club recommends that you explore and analyze all of the alternatives to identify which product will best satisfy your needs.
Sticker shock seems to be a frequent first emotion when pricing resort real estate, where it often costs more for less. The financial reality of resort real estate can greatly reduce your purchasing power as you pursue your dream home in the mountains. As you focus on balancing your needs and the affordability of products available, it is important to also consider the ongoing expense and challenges of owning a mountain property, which can sometimes be overshadowed in the process.
Another consideration often overlooked is time. Time is one of the key reasons many new ownership alternatives are becoming popular. The growing consumer demand for a practical balance of cost-to-time is redefining personal ownership models available in resorts today, just as it has with many luxury products such as yachts, private jets, country clubs and classic cars.
These viable new models make sound financial sense and primarily cater to individuals motivated by the lifestyle benefits of the investment, rather than the potential long-term appreciation and profit. Each of the alternatives allows the consumer to enjoy a high-end luxury product without the personal financial commitment required to purchase the product outright. The Cabins Club at Winter Park was created to provide the same opportunity in the Winter Park marketplace.
At the Cabins Club at Winter Park, we ask prospective members a few key questions:
- Is the purchase of your second or third home considered a financial or a lifestyle investment?
- Do your budget parameters allow you to purchase the product that meets your needs for space, privacy, services and location as you invest in the Winter Park lifestyle?
- How much time do you realistically have to get away and enjoy your investment in Grand County?
Most likely you have already done some research on the cost of Grand County real estate. We highly suggest that you price and compare all of the opportunities available in the valley today to find the one that’s right for you. As you compare, here are a few statistics to consider…
Winter Park Area Real Estate Statistics in 2006:
The average Residential/Private Home sold for……….. $549,963*
The average Condominium Unit sold for…………………. $269,844*
The average parcel of Vacant Land sold for……………... $296,646*
Cabins Club research shows the average cost per square foot for the newly constructed housing products available in the marketplace today ranges from $200 to $500 per square foot.
* Source: Grand County Board of Realtors
The Cabins Club at Winter Park is offering a limited number of memberships, secured with a fully refundable deposit that is less than the average condominium in the Winter Park/Fraser area. Cabins Club membership grants you the right to use a 4000+ square foot luxury log home in the heart of downtown Winter Park for four (4) guaranteed Priority Weeks each year, plus multiple Club Bonus Time visits each year if you’ve got the time to get away. In addition, our members enjoy complete resort style services provided by onsite staff and professional maintenance for worry-free access to a luxury home in the mountains. Now that is enhanced purchase power!!