More spec homes expected to slowly enter Steamboat Springs market

Click to enlarge image
Steamboat Springs - Soda Mountain Construction owner Chris Rhodes took a chance when he set out to build a 4,000-square-foot spec home on Ridge Road in 2012.

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

Click here to view full article