Ski Condo For Sale in Keystone, Colorado
Just $35,000- for 10 % ownership !
Frostfire Condo - Keystone, Colorado
Frostfire C-21 - Up to 3 shares of ownership available
Per Share Call Greg at: 303-320-1900 ext. 777
The ownership of Frostfire C-21 condominium, located on the wetlands at Keystone, is held by Frostfire C-21 LLC. The C-21 condo has nearly 1,200 sq. ft. of space, unusually large for ski slope condos. The By-Laws of the LLC call for 10 equal units of ownership (partnership) in the LLC. So by buying a unit, you own 10% of the LLC, which translates into 5 weeks of usage each year. One week a year is dedicated to maintenance and updating, while the other week is used by one of the partners on a rotating basis. C-21 is the second level of a garden style building, meaning it is only 8 steps up from the front entrance of the secure building. The condo is for the exclusive use of the owners and is not rented.
5 weeks of exclusive use per year !
The LLC has a master loan on the condo. Currently the balance is approximately $110,000. The loan is guaranteed by the LLC, not by each partner individually, though of course you are expected to pay your share of the loan. You may of course pay your share of the balance off at anytime as one partner has done. The loan payments are included in the semi-annual partnership payment – currently $1,740 every June and December. That amount includes all principal, interest, condominium dues, Summit County taxes and fees, and reserve fund contributions. At the asking price the buyer would assume their share of the loan and be responsible for a payment of approximately $20,000 to the seller.
The group of owners meets every November to determine next year’s budget and to pick the usage weeks for the upcoming year. Weeks are picked according to a schedule assigned to the ownership unit and never changes. So as example, if you were number one pick this year, you will be number ten pick next year, while number two will become the number one pick and this year’s number ten pick moves to #9 next year. The selection process goes from #1 to #10 and then reverses itself gong #10-#1 until all weeks are spoken for each year. That way #10 gets two picks in a row.
The LLC maintains condiments and other non-perishables in the unit at all times. Owners only need to bring perishables, and take any unused perishables home with them upon departure. Arrival and departure days are on Tuesdays each week. There is a locked owner’s closet with 10 shelves in the close so other items such as bicycle helmets, clothing, ski gloves, etc. may be left permanently. There is a ski closet in the lower level of the building where skis may be stored while you are using the unit. They need to be removed upon your departure. There are also storage pegs for skis in the closet in the entryway of the unit.
The condo is a large 2 bedroom unit with a steam bath in the shower of the master bedroom and a jet tub in the guest bath. The complex has two large outdoor hot tubs located on beautiful wood decks. The couch is also a queen sleeper bed using an air mattress with an electronic air pump. The condo has a microwave, disposal, ice making refrigerator, coffeemaker, dishwasher, toaster, toaster oven, a 42” flat screen HDTV in the living room, a TV in the master bedroom, and a washer and dryer. A cleaning service arrives weekly upon departure before the next owner arrives. Owners only strip the beds and take out the any trash.
Frost fire C-21 is within walking distance, with or without skis, to the lifts at the Village or at River Run with all of its dining options and other activities. The living room picture window has a view of some of the Keystone slopes and a view down the valley looking at Buffalo Mountain. The Snake River Saloon, acknowledged as one of the finest dining places in Summit County, is located just across the street from the far end of the Frostfire parking lot and the Haywood Café is only a few yards further away. The Goat is also within walking distance as is the Dos Locos Mexican Restaurant. There is a small pizza shop next to the Goat. Next to Dos Locos is a small convenience and liquor store. There is also one in River Run. So most everything you may need is within walking distance including bicycle and ski rental locations.
The condo is located on the Keystone recreational path that connects to the Summit County Recpath. So from the back door of the condo one can ride to Vail or Breckenridge and all points in between. It’s an easy ride for everyone to the pond at Lakeside Village where paddle boats dominate in the summer and ice skating rules in the winter.