Copyright 2015. Golden Eagle Development, LLC. All rights reserved.
For Sale: Solar Home Site and Architectural Plans Overlooking The Raven Golf Course, Silverthorne, Colorado
Golden Eagle Development, LLC was started in 2006 with the goal of “building earth friendly homes” using passive and active solar designs with the intention to get LEED certification. However, one partner died, a second partner withdrew from the partnership, and the Great Recession then arrived. Although the site is basically permit ready and the market has finally returned to more normal supply and demand conditions for new homes, my goals have changed and I am “stuck” with a really great home site that needs a new owner. Here are some details about this sale opportunity:
Lot Location:
The lot is located approximately 70 miles west of Denver on Interstate 70. More specifically, the lot is three miles north of the I-70 and Colorado Highway 9 intersection leading into Silverthorne, which is adjacent to Lake Dillon. As you drive north on Highway 9, you will see the property on the west side of the road in the exclusive resort community known as Three Peaks. The site is approximately 100 yards west of the main, arched entrance into Three Peaks, and is on the left side of the road identified with a For Sale sign with phone number 303.915.1409 mounted on posts at the chained driveway entrance into the property.
You may research the site using Google Maps to find 3020 Golden Eagle Road, Silverthorne, Colorado. My company, Golden Eagle Development, LLC, owns the site and approved architectural plans. Additionally, your title company, the Summit County Assessor’s office, Silverthorne officials, utilities and other contacts can provide additional details using the legal description: Lot 1, Osprey Reserve, Second Amendment, Silverthorne, Summit County, Colorado.
The Raven Golf Course and Area Amenities
The major amenity adjacent to the site is the Raven Golf Course at Three Peaks, an 18-hole golf course, practice range and club house with a pro shop and restaurant. The Raven is ranked among the best in Colorado and the nation by different golf publications (see www.ravenatthreepeaks.com). Additional amenities include the Blue River opposite the Three Peaks’ entrance with gold medal fishing. Winter ski and summer hiking trails into the wilderness area are nearby. Within easy driving distance are other golf courses and national and international ski areas like A-Basin, Keystone, Breckenridge, Copper Mountain, and Vail on the other side of Copper Mountain. Denver is an hour drive to the east by car, and Aspen is three hours by car to the west on I-70 and then south.
The Neighborhood
The Raven Club House is to the north and above the lot separated by trees, but easily accessible by a golf cart path across from my entrance. In addition, there is a community center across from the club house entrance to the west.
East and below my site is Osprey Reserve, the recently completed 18 townhome development by Compass Homes, which is developing Angler Mountain Ranch across Highway 9 and the Blue River, which has gold medal fishing.
The south lot line borders the golf course, and the site's building area overlooks the entire first fairway with no natural obstructions, or houses blocking the site's south facing exposure and views. Along the south property line is a seasonal stream for drainage and a colorful wet land.
Looking to the west and up to the ridge is the ninth fairway from beginning to end. The Gore Mountain Range is beyond the ridge, including Buffalo Mountain and Red Peak, which are beautiful to look at, especially when covered by snow. By any standard, this lot is exceptional for its access, amenities, location, views, large lot size, large building area, and southern exposure for a potential passive and active solar home.
Lot Details
The lot measures approximately .74 acres, according to the survey, but seems larger because of the two fairways forming an extended green belt to the southeast, south and west. It is triangular in shape starting at the lot's entrance and going south and left of the large willow bush before angling back towards the bend in the road leading to the Club House entrance. Except for the road embankment along the north property line and the wetlands below on the south edge of the property, the site is nearly level with slight sloping to the southern drainage area. The building area, or building envelope, on the lot is fairly level, in part, due to some land fill and surface grading used in the lot's design and site preparation for construction. The lot is very open, but has several Spruce and other trees along the north side of the property, which help shield the lot from the road and northern wind. According to the survey, the trees are within the property's boundary.
The survey also shows the water line (City of Silverthorne) is underground on the southwest side of the lot; the underground gas and electric lines (Xcel Energy) run along the lot's east property line. Also near the east property line is the sewer line hookup point (City of Silverthorne), which runs downhill to its connection in the Osprey Reserve. Underground cable (Comcast) and telephone lines (Century Link) are located adjacent to the road. A culvert easement allows any water from across the road to run under it and into an underground drain near the lot's entrance before emptying into the wetlands below the lot where there is a small, seasonal stream that drains east and downward along the edge of the first fairway. A prospective buyer should use experts to verify the utilities and other easements.
Building Your Home
The building envelope should be able to accommodate at least 3,500 square feet for a one-level home and garage. A basement and second floor are additional options, subject to an architect's calculations and HOA review. I own the architectural plans for a 3,200 square foot solar designed home approved by the Three Peak's Design Review Committee; they probably could be expanded to the original plans for 3,400 square feet. These square footages approximately represent the average size of homes in the Three Peaks area at the time the lot was purchased. However, many of the lots in Three Peaks are only 1/4-1/2 acre in size with smaller building envelopes requiring two story construction -- and stairs, which buyers may not want to consider when buying a site for a mountain home. Including elevators can be an expensive alternative.
Passive and Active Solar House Plans
With the existing HOA Design Review Committee approved plans, the site is basically permit ready, and construction should be able to start in the near future. Having permit ready plans can save the new lot owner approximately nine months, or more, of time for new architectural and engineering plans, including a three month DRC approval process, as well as the holding costs of the land prior to construction. Golden Eagle Development owns the plans and will sell them separately from the lot as personal property at the buyer's option. The plans are for sale, "as is", without any warranties or representations, for $25,000 for a one-time, site specific use. Golden Eagle Development will retain ownership and any future use of the plans. The plans are for sale at substantially less than the architectural and engineering fees paid to date, which can be an additional benefit to the new owner.
The proposed house's architectural design includes four bedrooms (two equal size master bedrooms), four baths, living and dining rooms with a dramatic 25 foot high clearstory, kitchen, partial second prep kitchen and utility room, glass enclosed 15 foot high entry way, oversized two-car garage, and patio overlooking the golf course. All measurements are approximate and should be verified by an architect, surveyor and other experts.
Transaction
As owner of the property through Golden Eagle Development, I may choose to sell the site directly, or possibly through my licensed real estate brokerage firm, Barton Advisors, Inc., or another brokerage firm. In each case, I am prepared to pay the procuring broker a 3% commission based on the listing price of the lot. The current discounted listing price is $300,000. As owner, I reserve the right to change the price or withdraw the property from the market at any time for any reason prior to a signed purchase and sale agreement. Any broker representing a buyer should include his/her commission in the purchase and sale agreement at the time of the offer, or in a letter of representation signed by the buyer and presented to me at the time of initial contact. Verbal registrations of prospective buyers by a broker will not be accepted.
The information in this letter is accurate to the best of my knowledge. Buyer prospects are advised to seek legal and other professional advice during the due diligence review of the property, and get confirming and additional information rather than rely on the seller's written or verbal representations, including title documents, survey, soils and engineering reports, architectural plans and other information provided by third party sources originally employed by the seller and are now made available to the buyer as marketing and review materials. A display ad is included below.
Please contact me with questions or interest in submitting an offer (303.915.1409). Hopefully, this is an opportunity that will meet a personal objective, as well as be a home site using your expertise and reflecting your design philosophy. Thank you for your consideration of this opportunity.
Contact
Barton L. Lilly