The Town of Vail announced today that five of the 32 Chamonix Vail homes under construction are currently available for purchase by qualifying buyers. The property is located at 2310 Chamonix Road.
The five homes have become available as the original buyers have decided to no longer pursue purchasing a home at Chamonix Vail for a number of reasons, according to George Ruther, community development director. Some owners have found other deed restricted homes in the valley to purchase, others have taken employment outside of Eagle County, and still others are hopeful that a larger home at Chamonix Vail may become available. Sales of the remaining homes occurred through a lottery process last May from among 88 qualified buyers.
The available deed restricted homes include a 2-bedroom/2-bathroom/2-car garage for $499,000 and four, 3-bedroom/3-bathroom/2-car garage townhomes available for $599,000 each. Delivery dates vary. However, all homes will be completed by early April.
Ruther says interest in the few remaining homes is strong. “We told the Town Council that if we ever got to this point with sales, we would take contracts on a first-come, first-served basis and they were agreeable,” he said.
In addition to an executed purchase contract, new buyers will be required to submit a pre-qualification letter from a lender and commit to participation in a future home-buyer education class. Home-buyer packets, including copies of all pertinent legal documents, are available for pick up and review at the Community Development Department offices and on the Chamonix Vail website at chamonixvail.com.
“This is a great second chance for anyone interested in living in Vail,” said Ruther. “We promised that Chamonix Vail would be something special and it’s turning out to be just that - high quality homes in Vail’s newest neighborhood for families in a fantastic, sunny West Vail location.”
The Chamonix Vail development is a public-private project in which the town has invested $22.1 million. Once the home sales are complete, the town will be refunded $17.7 million. The remaining funding has been used for infrastructure, utility and other site work as a town subsidy, in addition to the land.
For more information, contact Ruther at 970-376-2675 or firstname.lastname@example.org.