Matt Fitzgerald, Lionshead Office Branch Broker
Since its inception, Lionshead Village has been a draw due to its proximity to Vail’s excellent terrain on the western side of the mountain. With both the Eagle Bahn Gondola and Chair 8 at the base of Lionshead Village, locals and visitors alike can efficiently access Vail Mountain. The Lionshead Village ski school is a tremendous asset for skiers of all ages and abilities; Eagle’s Nest, Game Creek Bowl and Sundown Bowl are easily accessible ski areas from Lionshead Village. The addition of The Arrabelle at Vail Square’s ice rink, shops and restaurants has served to re-invigorate this neighborhood ski portal.
The future of Lionshead Village continues to shine with the addition of the Epic Discovery at the top of the Gondola; the ropes course, the zipline and the mountain coaster will help insure that Lionshead Village remains a year-round fun, vibrant part of the Vail community for years to come.
A NEW DAWN
Lionshead Village led the way in Vail’s New Dawn re-development with the construction of Gore Creek Place and the Arrabelle in 2008 and most recently, The Ritz-Carlton Residences and The Lion. Vail’s New Dawn has also been the catalyst for updating existing Lionshead Village properties that include a multi-million-dollar renovation of Vail Spa Condominiums. In fact, since 2007, 64 percent of the condominium buildings in Lionshead Village are new or extensively renovated.
Looking back at 2016, Lionshead Village property values continued an upward trend with a few record-breaking transactions along the way. In December, the highest priced residential home in Lionshead Village sold for $17,500,000. The highest price per square foot sold at the Arrabelle at $2,541 per square foot. Both of these transactions were facilitated by Slifer Smith & Frampton Brokers.
As opportunity continues in the Lionshead Village market, I encourage prospective buyers and sellers to visit our Lionshead Village Showroom to meet our knowledgeable team of Brokers at Slifer Smith & Frampton Real Estate.
Posted in: Market Watch | Real Estate News