Notes on Sinclair Meadows – Snowmass Village’s newset subdivision: (See sales history pdf)
o 17 Lots Total in the subdivision.
o 13 Lots have sold (76% of inventory) + 1 spec home has sold. They are: #1, 2, 4, 8, 9, 10, 11 (w/spec house), 12, 13, 14, 15, 16 (1, 4 ,13 closed this qtr)
o The range of closing prices for land have been $600,000-$1,400,000. The only spec home built sold for $2.2M ($915 per ft).
o Of the remaining 5 lots, 1 is currently under contract (lot 3). The only parcel on the market currently is Lot 17 ($825,000) (6 and 7 are being held off the market officially at least)
o A spec house on Lot 5 is planned for summer 2014. It will be approx. 3,800 sq. ft. and plans are to list it pre-completion at roughly $1,000 per foot or $3,800,000/unfurnished.
o That leave two parcels, 6 and 7. They both have over 4,000 sq. ft. FAR build outand are among the most prime lots in the neighborhood at $1.3M and $1.395M respectively.
o While either parcel is available as vacant land, the developer’s current plan is to build a home on each of these. Once lot 5 sells, construction activity on 7 will start and then when that sells, activity on 6 starts (unless sold as vacant land).
Sinclair Meadows Lot 17 view. (Credit: Aspen Snowmass Sothebys)