Bale Daily Archive
The home, which set a record for bail sales in 2020, has returned to the market at a new price.
The property is a former duplex at 99 and 100 and Bale Road near the Vail Interface Chapel, selling for a record $57.2 million in 2020. The property is currently being converted to a single-family home and is listed for $78 million.
Longtime local broker Tye Stockton is a list broker for sales. He refused to talk to Bale about his property every day, but according to emails the house is now known as “Alpen Stress.” The home has 11 bedrooms and 15 full bathrooms, over 15,000 square feet.
Ron Byrne, a company of longtime local real estate agent Ron Byrne, and Associates, brokered the 2020 sale. He said the property was once known as Webster House and was under construction for five years before it was sold to Biotech entrepreneur Kevin Ness in 2020. Its sales were all cash sales, as were most high-end sales in the Valley.
Byrne, who lives near Vail Road Home, said the facility has been under construction for some time and is being converted into a detached house. And he added that it could bring about a full asking price and “I expect it to bring about a very high price.”
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Are you ready to crush the records?
If Vail Road Home is on sale near the listing price, a $40 million sale on Rockledge Road will crush the 2024 detached house record set. Craig Denton of Berkshire Hathaway Home Services Colorado Properties said the sale set a “new benchmark” for the value of the bail.
“It shows people understand their values here,” Denton said. “People feel comfortable investing their money here.”
The Vailroad list is at the top of the market at the moment, but there are many other expensive listings that set up local records just a few years ago.
Byrne’s company lists a $25 million home near the Vail Golf Course. If the home (with a home observation deck) is on sale at the asking price, a new record for the neighborhood is set.
Another home is listed along Lake Creek for $25 million. Again, it sets a new record for this region.
“We see an incredible family estate for sale,” Byrne said.
And the luxury market continues to rise.
Byrne said his company is developing a duplex at Beaverdam Road, Bale. The property began with Byrne paying $19 million for the property home, which was then destroyed.
The house was sold for less than $1 million 35 years ago, Byrne said.
Denton recently sold another home in Mill Creek Circle for $26 million. He sold the same house in 1984 for $900,000.
The high end of the market is growing beyond the valley.
Crissy Rumford is the vice president and managing broker of International Realty Vail Valley Offices at Liv Sotheby. Rumford said it had 119 sales in 2024 of over $5 million. Of these, three people cost over $25 million. As of the end of February this year, there are already 103 active lists of over $5 million, with nine prices over $25 million.
Again, that’s the end of February.
On the other hand, it takes time to sell those houses. Still, it’s probably too early to determine if it’s a trend, Rumford said.
Is it a unique phenomenon?
Prices for the high-end are rising, but local broker Mark Gordon said the phenomenon is not inherent to Bale Valley.
Gordon said that while Bale’s real estate is not so much more expensive, it’s not so much that real estate across the country is rapidly becoming more expensive. Vail reflects the high end of its market.
What makes the bail is different, not the bail Valley.
Despite years of recession, Vail’s property values have resisted declines over the years.
When the property values for the rest of the valley fell by more than 30% during the depths of the national recession that began in 2008, Gordon and Byrne noted that the Vail property values themselves were held firmly during that time.
“It shows that Bale is still doing the right thing,” Gordon said. “People who can afford to buy anywhere in the world still want to buy it at Bale.”
And Byrne said he remains “very bullish” at the high end of the market.
“People are looking for safe shelters (for money),” he said. Financial markets cannot match. After all, no one has made any more Beaver Dam roads.
