More spec homes expected to slowly enter Steamboat Springs market
New building grew scarce during the recession, including in Steamboat Springs, and few builders had the resources or nerve to begin a project on speculation.
“At the time, everyone and their brother said ‘dude, you’re crazy,’” Rhodes said last week, reflecting on the home that quickly sold for $2.1 million, or about $529 per square foot the following August.
Four years later, Rhodes’ company recently completed and sold its fourth spec home, each of which has had a buyer under contract before the residence was completed.
The most recent of which was a 5,100-square-foot home in the Elkins Meadows neighborhood up Fish Creek Falls Road
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