Real Estate in Silverthorne, Colorado

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Real Estate Development Booms in Silverthorne, Colorado

Posted by admin on August 27, 2018

The secret is out. Growth in Colorado is booming and nowhere is that more evident than in Silverthorne, where the town is undergoing the largest per capita growth in Summit County. The town anticipates that the addition of new condos and commercial spaces will transform Silverthorne from a pass-through town into a true destination community. The real estate market is as hot as summertime temperatures on the Front Range so there has never been a better time to invest in property, to come up and stay cool, and to become part of this mountain culture. When the snowflakes start falling in the winter, Silverthorne is centrally located within 20 miles of world-class ski resort destinations like Copper Mountain, Keystone, Arapahoe Basin, and Breckenridge. For second homeowners from the Denver metro area, avoiding I-70 ski traffic makes a mountain property an even more worthwhile investment.

History of Silverthorne

Silverthorne, named after Judge Marshall Silverthorn, who served as the judge of the miner’s court in Breckenridge, was officially incorporated in 1967 after being used as a makeshift camp during the construction of the Dillon Dam, which holds water in the Dillon Reservoir. Today, over 3,000 people call the town 'home', but was more known as a stopover point along I-70, which runs through the town East/West and Highway 9, which runs North/South. The Blue River runs through town, which was historically prospected for gold and is now home to world-class fly fishing. Silverthorne is also the hometown of 2018 Winter Olympic snowboarding gold medalist, Red Gerard, and numerous other world-class athletes.

Situated between the Gore Range to the west and the Continental Divide to the east, the town is only an hour drive from Denver. As it stands, Silverthorne already has a lot going for it. But the reinvention of the downtown corridor is what investors now have their eye on. While the town already features many amenities, it is currently undergoing a reshaping to create a pedestrian-friendly, walkable downtown filled with arts, culture, restaurants, and entertainment. The residential component of the development includes both for sale and rental units.

Planning for the Future

For the last several years, Silverthorne has undergone comprehensive planning to work toward the community vision as the town moves into the future. According to the town, they are using a cohesive pattern of development that reflects responsible growth, adequate infrastructure, and efficient intergovernmental services to accommodate current and future residents, as well as promoting healthy economic expansion. Commercial and residential construction will be integrated with the environment while ensuring the town maintains a small town identity.

The town already has a 64,000 square-foot recreation center, including four pools, three water slides, hot tubs, weight rooms, and several gymnasiums. It offers kids sledding at Rainbow Park in the winter, and free ice skating and hockey at North Pond Park. Free Nordic skiing and snowshoeing are popular attractions at The Raven, which is a world-class golf course in the summer. The mellow-graded Blue River Trail is a tranquil recreation path highlighted by views of the mountains and the river. The gold medal waters of the Blue River offer some of the best fishing in Summit County. For more of a challenge, grab a kayak and paddle down the class II/III rapids of the river during early spring snowmelt. The Outlets at Silverthorne offer over 50 stores of brand names to shop. Even with all these amenities, the town has a larger vision that we are now seeing come to fruition.

The town recently put $9 million into building a state-of-the-art Silverthorne Performing Arts Center, where the art scene is able to thrive. The center has three performance spaces, classrooms, a place for the public to gather, and also hosts art exhibits by local Colorado artists. The outdoor stage features summer music and theatre performances, as well as private events like weddings and reunions. This creative and cultural hub where actors and musicians mingle with local artists, storytellers and writers encourage the art scene to thrive. First Friday events are held throughout town on the first Friday of each month to showcase the community's talented performers and include food and beverages where the whole family is welcome.

The cornerstone of Silverthorne’s growth is the new 3.8-acre project called Fourth Street Crossing that is currently in the works. It will essentially create a clearly defined, pedestrian-friendly downtown area with a mix of restaurants, 50-60 residential units, a boutique hotel, parking garage, shopping, and nightlife. Currently, the town is known for its outlet mall and chain store business, but it lacks a downtown corridor. Fourth Street Crossing will expand over a full city block and the city hopes that having that asset will attract visitors looking for more than simply filling up their gas tank prior to getting back on the interstate. With the $70 million project scheduled to open in 2020, now is the best time to invest in property in the area before the rush comes. There will be both for-sale and rental units available. Many of the nearby mountain towns like Frisco and Breckenridge have historic downtowns, but Silverthorne's few historic buildings are dispersed so this is the town’s chance to create its own unique history.

Blue River Flats

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Blue River Flats, the site for fresh, new housing development, lies 10 blocks to the north of Fourth Street Crossing and features riverfront and mountain view homes from its 46 residences. Creating modern mountain living is the developer’s goal and units feature natural finishes, granite, marble, and locally sourced timbers to bring the outside into the living space. Located, on average, just 50-feet away from beautiful Blue River, select units offer sounds of water rushing by below, while others will provide sweeping panoramic views of the Gore Range with Red and Buffalo Mountains offering breathtaking sunsets and alpenglow vistas. The first buildings are expected to be completed by late spring of 2019 and start from the $500,000s.

Ultimate Luxury Mountain Home: 65 Aerie Drive

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Also on the rise is the appearance of large, high-end luxury homes designed by prominent local architects. Take the home under construction at 65 Aerie Drive in the Angler Mountain Ranch community as an example. This spectacular home is designed by architect Nathan Glassman and his firm TCC Design Build and offers a spacious layout with sweeping views of the Gore and Ten Mile Ranges. Four fireplaces, including a linear outdoor fire pit, promises to deliver a warm aesthetic experience, making its inhabitants feel comfortable after a long day playing in the mountains. This spectacular home is divided into two main sections with a covered bridge connecting five bedroom suites with living, kitchen, and office areas. The home includes stone masonry both inside and out, giving it a unique visual character that is both inviting and artistic. There is even a two-story water feature near the main entrance to help “blend” the home with its natural alpine mountain surroundings. This home is just one of many modern luxury homes currently being built or planned in the Town of Silverthorne.

Wolf Real Estate's 30 Years of Experience

With so many investment opportunities in the works and many of them already available to reserve, there’s no better time to learn about the latest plans and living choices available. The Wolf Real Estate team, made up of a lifelong Summit County family, is an excellent resource to learn more about new developments and become part of Silverthorne’s history. Contact us today to discuss your next real estate move. 

What Our Clients Have to Say

"We entrusted Kouri to handle 3 real estate transactions for us over the past 10 years. She has been in the area since the late 1970s, so she has tremendous familiarity with Summit County properties, both as they exist today and their history of development. Kouri complements her familiarity with Summit County with great competency that, for us, translated into savings in our pocket. She readily puts her tireless energy at work for her clients, which of course helped to build a long-term relationship with us and repeat business without hesitation. She's the best in Summit County!"  -User 0571849 via Zillow.com

 

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