Overlook Drive/Glacier Ridge Development Parcel

OVERLOOK DRIVE/GLACIER RIDGE D E V E L O P M E N T PA R C E L s t e a m b o a t s p r i n g s , c o l o ra d o

STEAMBOAT SKI AREA

OVERLOOK DRIVE/ GLACIER RIDGE PARCEL 0.90 AC M U LT I - F A M I LY 1 Z O N I N G

SKI AREA BASE OVERLOO

K DR

IVE

CLUB

HOUS

E DR

ROLLINGSTONE GOLF COURSE

OVERLOOK DRIVE/GLACIER RIDGE PARCEL

40

DOWNTOWN STEAMBOAT SPRINGS OLD TOWN HOT SPRINGS

HOWELSEN HILL

CORE TRAIL

40

EMERALD MOUNTAIN CORE TRAIL

ROLLINGSTONE GOLF COURSE

OVERLOOK DRIVE/ GLACIER RIDGE PARCEL

GROCERIES & SHOPPING

C

O

R E

TR A

IL

STRINGS MUSIC TENNIS/ PICKLEBALL CENTER 40

PROXIMITY

SKI AREA BASE

STEAMBOAT SKI AREA

ABOUT THE PARCEL

OVERLOOK DRIVE/GLACIER RIDGE PARCEL PROPERTY DESCRIPTION

ASKING PRICE

PARCEL ID

This 0.90 acre one of a kind multi-family development parcel is located on Glacier Ridge just minutes to the base of the Steamboat Ski Resort. This extraordinary parcel is zoned MF-1, which allows for the development of luxury residential condominiums. The seller has developed a design concept for four ultra-luxury boutique condos unlike any that exist in Steamboat Springs today. With expansive views to the Steamboat Ski Area and the stunning Yampa Valley, this ideal location is primed for the next owner to deliver on this vision. Whether you choose to create a luxury single-family residence, a multi-unit development, or a combination of both, this multi-unit building site is an unparalleled opportunity to own a piece of the Rocky Mountains that is truly remarkable.

$3,000,000

332000001

LOCATION The property has two potential access points. One off Overlook Drive and the other off Glacier Ridge Road where there is a shared driveway up to a current parking area. Ski Time Square and Gondola Square are just minutes away at the base area of the world-renowned Steamboat Ski Resort. Steamboat Springs is located along Hwy 40, approximately 150 miles northwest of Denver. The city can be accessed by either Highway 40 or the Steamboat Springs/Hayden Airport which is serviced by major carriers including Delta, United, American, and more.

ZONING The Multi-Family 1 zone districts is intended to provide areas for multi-family residential uses and development, including townhomes, condominiums, apartments, and other attached residential forms, as well as limited nonresidential uses that are complementary to and compatible with a multi-family residential neighborhood.

CURRENT USE Prime Multi-Family Development Site

UTILITIES Water/sewer are provided by Mt Werner Water & Sanitation District Electric is provided by Yampa Valley Electric Gas is provided by Atmos Energy

FINAL PLAT

FINAL PLAT

DESIGN CONCEPT

DESIGN CONCEPT OVERVIEW PROPERTY DESCRIPTION The highest/ best use for 1284 Overlook Drive / 2120 Glacier Ridge, would be to take advantage of all of the favorable interpretations to the CDC by using Overlook Drive for the access point. This would of course also be the most expensive project due to it being a much larger project, but the end result would be an ultra-luxury boutique condo association unlike anything Steamboat has ever seen or could ever see again, since this would be an unrepeatable project. These condos would offer the most dramatic living experiences in all of Steamboat with their ultra-modern design, private multi-car garages, private elevator foyers, high ceilings, full height glazing walls, enormous outdoor terraces, near total privacy, and the most expansive and unmatched views Steamboat has to offer. As a result, these 4 ultra-luxury condos would easily command the most money per square foot in all of Steamboat since they would be in a class of their own.

Accessing off of Overlook Drive with a subterranean garage allows for the garage structure to be separated from the main condo building above it. As such, it not only does not get counted in the overall height of the building, but the condo portion of the building above it starts at an elevated position since it is allowed a 63' offset from the existing terrain. What this creates is an 89' tall structure from the garage floor to the penthouse roof in an MF-1 zone district, and it’s all within code per Planning Staff. Having a 63' height allowance for just the condo portion of the building is a huge advantage, as it allows for 2 full floor units with high ceilings, and a two-story penthouse unit on top, which would have by far the best views in all of Steamboat. Not only does the garage not count at all towards the height of the building, but none of its interior counts towards the FAR either since it is all below grade. Moving forward with this design allows for both much greater density as well as much greater height, than what is otherwise allowed with MF-1 without the ability for a detached subterranean garage. In terms of buildable square footage, there would be upwards of 2 times the FAR allowed when compared to using Glacier Ridge and the shared driveway easement without any below grade floors.

If even more density is desired, then up-zoning to MF-3 could also be an option. The adjacent lot to the north is zoned MF-3, which supports the basis for this up-zoning to MF-3. Planning Staff has already indicated during our pre-application meeting for the lot line adjustment / zone map amendment that they would be in support of this with the vacation of the shared driveway easement. With the additional density available to MF-3, plus all of the buildable square footage available below existing grade that would be ex-FAR, this density would be like having the equivalent of a 1.0 FAR. The unparalleled views this land offers, combined with how much additional height and density is available, makes for a truly one-of-a-kind opportunity. There isn't another +/- acre of land in Steamboat that offers as much potential as 1284 Overlook Drive/2120 Glacier Ridge does.

This opinion is not a guarantee of approval. Please research anything important to you.

DESIGN CONCEPT Site Plan Section Plan

On

1

2

1

Main Building

2

Ski Hill Unit & Amenities Building

Type7 Hauspacket available.

Full concept design

11 PLAN SITE

DESIGN CONCEPT Plans Diagrams & Metrics Type7 Haus Zoning: MF-1 Address: 1284 Overlook Drive, Steamboat Springs, CO 80487 Lot Coverage: 35% max.

Floor Area Ratio: 40% max.

(Interior above grade with exceptions: staircase and elevator shaft) *all below grade square footage is excluded from the FAR TARGET: Original Lot: Additional Land Purchase: Total Lot Size: Maximum Lot Coverage Allowed: Maximum FAR Allowed: Total FAR Used: Total Lot Coverage Used:

31,363 Sq Ft 7,898 Sq Ft 39,204 Sq Ft 13,721 Sq Ft 15,681 Sq Ft 15,700 Sq Ft 11,275 Sq Ft

Main Condo Building Parking Garage: Unit 1: Unit 2: Penthouse:

9,275 SF *(excluded from FAR, part of Lot Coverage) 3,905 SF with 1,850 Exterior Sq Ft 3,635 SF with 1,850 Exterior Sq Ft 4,725 SF with 4,550 Exterior Sq Ft

Ground Level - Parking

Mezzanine Level - Amenities

Third Level - Penthouse (Level 1)

Fourth Level - Penthouse (Level 2)

Ski Hill Unit and Amenities Building Amenities & Ski Hill Unit’s Lowest Level: 2,000 Sq Ft *(excluded from FAR, part of Lot Coverage) Ski Hill Unit Middle Level: 1,635 Sq Ft Ski Hill Unit Upper Level: 1,800 Sq Ft Total Ski Hill Unit: 4,235 Sq Ft with 1,187 Exterior Sq Ft

First Level - Unit 1 (Simplex)

Type7 Hauspacket available.

Full concept design

Second Level - Unit 2 (Simplex)

16 LEVEL DESIGN CONCEPT BY

DESIGN CONCEPT

Full concept design packet available.

RENDERINGS

VIEWS

VIEWS FROM THE PROPERTY

VIEWS FROM 7,290 FT • TOWARD THE SKI AREA

VIEWS FROM THE PROPERTY

VIEWS FROM 7,290 FT • TOWARD EMERALD MOUNTAIN

VIEWS FROM THE PROPERTY

VIEWS FROM 7,290 FT • TOWARD DOWNTOWN

VIEWS FROM THE PROPERTY

VIEWS FROM 7,270 FT • TOWARD THE SKI AREA

VIEWS FROM THE PROPERTY

VIEWS FROM 7,270 FT • TOWARD EMERALD MOUNTAIN

VIEWS FROM THE PROPERTY

VIEWS FROM 7,270 FT • TOWARD DOWNTOWN

VIEWS FROM THE PROPERTY

VIEWS FROM 7,230 FT • TOWARD THE SKI AREA

VIEWS FROM THE PROPERTY

VIEWS FROM 7,230 FT • TOWARD EMERALD MOUNTAIN

WHY STEAMBOAT

WHY STEAMBOAT STEAMBOAT SKI AREA IMPROVEMENTS The Steamboat Ski Area has invested over $200 million into redevelopment including a new high speed gondola, the longest in North America, that whisks skiers from the base area to the top of the mountain, an expansion into Pioneer Ridge, a newly built base area, a dining hall an ice rink and much more.

Visit www.fullsteamahead.steamboat.com for more info.

DOWNTOWN STEAMBOAT SPRINGS Friendly Downtown Steamboat Springs is a charming and vibrant hub of activity, offering a wide range of restaurants and shops to explore. Whether you're in the mood for a delicious meal or looking for unique gifts and souvenirs, you'll find plenty of options in the heart of this picturesque Colorado town. With a population of about 13,000, the American West is alive and well in Steamboat Springs with its strong economic base grounded in agriculture and tourism.

GETTING HERE

DIRECT FLIGHTS TO STEAMBOAT 2024 NONSTOP FLIGHTS United Airlines, Steamboat’s largest carrier, returns with nonstop service from all seven of their national hub airports into Steamboat (HDN). Increased capacity highlights this winter include Newark (EWR) on United Airlines going from weekend mainline service to five times per week; Denver (DEN) on United increasing from two daily mainline jets to three daily mainline jets; Atlanta (ATL) on Delta going from a 737 to 757, adding 39 arriving seats daily; and Southwest Airlines service from Dallas (DAL) increasing from Saturday only to daily beginning January 8.

NONSTOP SERVICE

FREQUENCY

DATES

AIRLINE

Atlanta (ATL)

Daily

12/16 – 4/ 7

Delta

Boston (BOS)

Tue, Thu, Fri, Sun

2/2 – 3/ 31

JetBlue

Chicago (ORD)

Daily

12/14 – 3/30

United

Chicago (ORD)

Sat

12/23 – 3/30

American

Dallas/Ft Worth (DFW)

Daily

12/20 – 4/3

American

Sat, Daily

12/16 – 4/8

Southwest

Denver (DEN)

Daily

11/18 – 4/15

United

Denver (DEN)

Daily

11/18 – 4/8

Southwest

Mon, Wed, Sat

2/3 – 4/1

JetBlue

Houston (IAH)

Daily

12/14 – 3/30

United

Los Angeles (LAX)

Daily

12/21 – 3/30

United

Minneapolis/St Paul (MSP)

Sat

12/16 – 4/6

Delta

Nashville (BNA)

Sat

12/16 – 3/30

Southwest

Newark (EWR)

Thu-Mon

12/16 – 3/30

United

San Diego (SAN)

Wed, Sat, Sun

12/16 – 3/31

Alaska

Sat

12/16 – 3/30

United

Wed, Sat, Sun

12/16 – 3/31

Alaska

Sat

12/16 – 3/30

United

Dallas Love (DAL)

Ft. Lauderdale (FLL)

San Francisco (SFO) Seattle (SEA) Washington-Dulles (IAD)

CONTACT

LISA OLSON

JOSIE TOLAN

REAL ESTATE BROKER

REAL ESTATE BROKER

970.846.0713

970.846.6781

lisa.olson@steamboatsir.com

josie.tolan@steamboatsir.com

610 Marketplace Plaza Steamboat Springs, CO 80487

These properties are offered by Steamboat Sotheby’s International Realty. All information provided by Steamboat Sotheby’s International Realty or their sales representatives in connection with this property was acquired from sources deemed reliable and is believed to be accurate, however, we do not warrant its accuracy or completeness. Steamboat Sotheby’s International Realty recommends that every item of interest to the purchaser (i.e. building codes, zoning and community development code regulations, state, federal and private permits) be independently verified by purchaser and or their legal counsel.

SOILS REPORT

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