Update: I now know these are not ski in/out units, but rather walking distance to one lift. Has anyone skied Sun Valley and know where these units are located in relation to the lifts? Personally, I buy a ski condo, I want to be pretty close to the lift. You?
I haven’t seen these units, but they look mighty nice. Perhaps someone from our Second Shelters nation who has seen them can pipe in? The place is Chilali, a luxury development near Ketchum, Idaho. Developers Accelerated Marketing Partners are apparently trying to accelerate some sales because they are offering these units for auction at 55 to 66% discounts over list pricing. The auction will be held February 19 at the Sun Valley Resort. There are 25 spacious one-, two-, and three-bedroom homes in total at Chilali, ranging from 1,612 square feet to 3,200 square feet. Alas, don’t be a smart-aleck and start with $20: there are minimum bids, ranging from $295,000 to $825,000. Which means you could grab a one-bedroom ski-in/out unit for $295K. Not too shabby, considering the price tags on some of these were $2.2 once upon a time.
The homes have custom hardware, large natural wood-wrapped windows and doors and contemporary lighting. Unobstructed views of the Bald and Dollar mountain ranges, roomy open floor plans with vaulted ceilings and central great rooms.
The one-bedroom unit has a minimum bid of $295,000, which is 58 percent below its previous asking price of $695,000. But get this: a three-bedroom-plus-den home that is approximately 2,793 square feet and has a minimum bid of $695,000.
On-site amenities are plentiful: rooftop, open-air entertainment area, complete with an outdoor barbeque, fireplace and oversized hot tubs; a spacious, state-of-the-art fitness center with top-of-the-line equipment, sauna, and flat-screen TV and games; ample resident storage with private ski-lockers; and a full-level of underground parking.
Get ready: we’ll be seeing more auctions like these. It is possible that come 2011, you may find the second home of your dreams at a very reasonable price!