The Stonewood development features 23 townhomes with a beautiful "Olde World" European mountain design.  Currently there is only one unit available that is ready for immediate occupancy and it is the Oakstone Model, Unit # 6, listed for $1,576,000.   This unit has 3,465 sq. ft. and is offered furnished at this price.  The Elmstone Model, Unit #8, was listed for $1,508,000 and it went under contract this past week.  That's it for Phase II, everything else has either sold or is currently under contract.

Phase III construction will begin soon with delivery on the first half of this phase being in early spring 2008 and the second half of the phase is scheduled to be delivered in the early spring of 2009.  There are 5 units in the first half of phase III and two of those are already under contract. the Elmstone plan, Unit # 20 is available for $1,699,000 and the Oakstone plan, Units # 21 & 22 are available for $1,732,500 (each).  Pricing for the second half of phase III has not been released yet, but you can bet they will be going up due to the demand at Stonewood and in Steamboat in general. 

Those who are lucky enough to call themselves owners at Stonewood have seen some nice appreciation.  The first units sold in September of 2005 for about $297/sq. ft.  That same month another unit closed at $338/sq. ft.  In May of 2006 a unit closed at $349/sq. ft. and in February of this year a unit closed at $425/sq. ft.  Currently, units that are sale pending are listed at $450/sq. ft. and one unit (#6) can be bought for $455 a sq. ft.  The rest of the units that are currently on the market are listed at $500/sq. ft. and one unit (a resale) is listed at $572/sq. ft.!!!!

Are you thinking what I'm thinking?  #6 is sounding like a sweetheart of a deal, huh?  Call me (970) 291-1046 and let's go see it.