Vacant lots that were recently annexed into the city of Steamboat Springs are hitting the real estate market this week, offering buyers a rare opportunity to build new estate-sized homes in the downtown area.
The lots, which vary in size from .41 acres to .83 acres at the end of Pahwintah and Douglas streets just north of Old Town, have been years in the making.
Before the parcel was subdivided this year, the city’s urban growth boundary had to be amended in 2015.
The UGB amendment process took several public meetings over the course of nearly two years, and the parcel was eventually annexed into the city.
Prior to the annexation, some neighbors had raised concerns that more than three homes would be developed at the 3.21-acre site.
With all of the planning approvals now in place, the lots are now on the market.
“With an elevated location on the north edge of downtown Steamboat, all of the lots are extremely private, and yet, a short five blocks to Lincoln Avenue,” Colorado Group Realty broker Kelly Becker said.
The largest of the four lots is under contract and contains the home of the late Walliburga Ralston.
The lots border a large ranch and range in price from $550,000 to $600,000.
The property was purchased in July 2013 by an LLC managed by Paul Brinkman.
To learn more about the lots, visit downtownsteamboat.com.