Breckenridge House for $ 17 Million Sets Real Estate Record in Summit County

This seven-bedroom, 7 1/2 bathroom home, located at 460 Timber Trail Road in Breckenridge, sold for $ 17 million in June, a record for Summit County. The home has a heated driveway, over 2,000 square feet of heated outdoor patio, a dedicated hot tub for 18 people, a three-car garage, and access to the ski slopes at the foot of Peak 8 in Breckenridge. Ski resort.
Photo by Jonathan Huffman / Summit Media

Summit County’s real estate market has set a new record.

Bo Palazola, founder and real estate broker of the Day Palazola Group, took over house for sale in Breckenridge for $ 17 million, crushing the last set of records in 2019 for a house in the same area that sold for $ 10.1 million.

House in 460 Timber Trail Road 7,200 square feet and has seven bedrooms and 7.5 bathrooms, plus luxury items such as a heated driveway, over 2,000 square feet of heated outdoor patio, a built-in hot tub for 18 people, and a three-car garage. The most notable advantage of this property and the one for which the house was sold, Palazola said, is that it is one of five skiing and outing sites that lie at the foot of Peak 8 in the Breckenridge ski resort.

Aside from the amenities, Palazola said the home is stunning with vaulted ceilings, recycled barn timber, exposed timber and steel beams.

Palazola said the seller was a young family who used the plot of about 1 acre as a second home. The house, built in 2018, was sold to another buyer from a country house. Palazola did not say where the owners live, but confirmed that they are not Colorado residents.

According to a previous Summit Daily report, the last home to set the record was a $ 10.1 million home in the same neighborhood in 382 Timber Trail Road… This home was also a 6,565-square-foot seven-bedroom home. The same home also broke the county’s record for real estate in 2009 when it sold for $ 8.28 million.

As for the future, Palazola said he expects the local real estate industry to continue to thrive.

“The market is only growing. It’s incredible, ”said Palazola. “… These niche markets for resorts are only going to grow.”

Summit Realtors President Courtney Perutka agreed, saying the current boom is notable for its fast pace and high volume.

“This is an exciting market and we are breaking many records such as the number of days on the market and the average price,” Perutka wrote in the text. “We are living in historic times and people want to be in Summit (and) Park counties because we live in an amazing place.”

Source link