A look at three Vail neighborhoods
• East and West Vail: Prices are similar at either end, with West Vail a tad higher and more accessible to the slopes. Both have mostly older product offerings and are less expensive than the two “in-town” village cores. “Single-family homes start around $2 million-$2.5 million, and most are in the $3 million-$4 million range,” said Gardner. “A $3 million home here would be $8 million in the priciest Rockledge area of Vail Village, less than a mile away. One-bedroom condos start at $275,000-$300,000 and two bedrooms around $500,000. The same two-bedroom in town would be $1 million-$1.1 million.” These areas are more residential, without the density of retail and dining found in the town center villages.
• Vail Village: This is where it started with a cobblestone pedestrian main street and has always been the most expensive, full of pricy boutiques, hotels and restaurants. Older two-bedroom condos start at $1 million. There are few single-family homes, the most desirable in ski-in/ski-out Rockledge. “There are just seven for sale there now, from $7.5 million-$16 million.” Vail Village is home to the new Four Seasons, a full-service resort with 16 residences from $2.7 million-$14.5 million, plus 19 fractional-ownership units. The new Solaris offers a shopping arcade, upscale gourmet multiplex movie theater and Vail’s first bowling alley, along with restaurants, spa, and 79 condos from $1.5 million-$19 million. The just-opened Sebastian is a boutique hotel from the well-regarded Timbers group, offering fractional ownership and membership in the international Timbers Club in four- and eight-week shares from $310,000 and $580,000, respectively.
• Lionshead: “Historically those who could not afford Vail Village bought in Lionshead, and while it’s still less, the gap has closed dramatically in the past few years,” says Gardner. Six seasons ago Lionshead was completely redeveloped around the luxury Arrabelle hotel and residences, with a village center skating rink and many new shops and restaurants. “There was so much demand for the 54 units at the Arrabelle that they had four buyers for every unit and had to pull names out of hats. It is all resale now, from $2.4 million-$9 million.” The new 71-unit Ritz Carlton Residences just opened, with no hotel component, and 56 condos for sale from $1.75 million-$9.2 million.