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2009: Housing & Building Housing & Building 2009/10 by Jennie Lay Go West
Steamboat 700 pushes the city’s western border
Steamboat 700 could be the first significant expansion of the city of Steamboat Springs’ boundaries in decades. Pending approvals, the development would bring nearly 700 new acres into the city limits – land that is slated for pedestrian-friendly residential and commercial development, recreational amenities, schools and parks.
The Steamboat 700 master plan includes 146 acres of open space and parks, with an estimated 20-year build-out to completion for home construction. Housing will include 2,000 units including apartments (22%), condominiums (26%), townhomes (21%) and single family homes on small (16%), medium (12%) and large (4%) lots that will be connected by about 13 miles of trails. The master plan also includes 340,000 square feet of commercial space, including a site reserved for a grocery score. The Yampa River Core Trail is planned to extend through the Steamboat 700 community and into the adjacent Silver Spur and Steamboat II neighborhoods.
Steamboat 700 falls within the “West of Steamboat Springs Area Plan,” which earmarks this former ranchland for Steamboat’s urban growth. Adding to a community-wide effort to add affordable housing options to the Yampa Valley, Steamboat 700 is slated to include a permanent real estate transfer fee equal to 0.5% on each sale within the development – money that is earmarked for future affordable housing. Also evolving out of the annexation process is a 12.5-acre land donation to the city of Steamboat Springs that could be available for construction of apartments, condos or clustered homes as affordable housing needs arise. Follow Steamboat 700 at www.steamboat700.com.
Fast Facts
Housing & Building
• The average three-bedroom single-family home sold for $486 per square foot in 2008.
• Per the Steamboat Springs Multiple Listing Service, the median sales price in 2008 was $1,055,000 for a single family home in Steamboat, a 63% increase since 2006.
• The Yampa Valley Housing Authority works to provide affordable housing for people with up to 120% of the area median income in programs such as rental housing, deed restricted multi-family housing and self-help building projects.
2008 Median Sales Price for Property in Steamboat Springs
2006 2007 2008
Single Family Home $660,000 $849,000 $1,055,000
Townhome $452,500 $649,000 $709,000
Condo $285,000 $345,000 $360,000
Lot $497,250 $550,000 $552,000
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