As the old adage goes, “people come for the winter but stay for the summer.” Anyone who live in Summit County year-round knows just how true this statement holds. Usually having chased winter here themselves, locals end up falling head over heels for what this magical place offers once the snow melts. If you’re thinking about pulling the trigger on that slice of Breckenridge real estate or exploring another part of the county to settle down in, have no fear that there is plenty to be enjoyed and explored once you hang up your ski poles. Without further adieu, here are the most anticipated events and activities of summer in Summit County, Colorado.

Adventures on lake Dillon

Being land locked isn’t so bad when you have 27 miles of shoreline at your disposal! Scenic Lake Dillon is situation in the heart of Summit County and offers dock access from Frisco and Dillon. Spend a weekend kayaking, sailing, paddle boarding, or getting your groove on on board a 14 person pontoon party boat. Summer mountain air paired with picturesque views makes for a perfect day out on the water. Afterward, enjoy an afternoon spent at the Island Grill or Tiki Bar for lakeside cocktails.

Frisco BBQ Challenge

What’s better than a summer day filled with world-class BBQ, live music and good beer? The Annual BBQ Challenge is where dozens of master BBQ chefs from across Colorado compete for who can tantalize your tastebuds the most. The celebration begins on Friday, June 14 with the pig races and continues throughout the next two days. Bring your appetite, because this famed event features all the pork, ribs, chicken, and brisket you can eat!

Fourth of July

Views, brews, and the red, white and blue! Come celebrate our Country’s 242nd year of independence in Summit County! With parade and firework celebrations across the entire county, there’s no better place to don your American flags and celebrate the land of free! If there’s anything “made in America,” it’s the Rocky Mountains of Colorado.

Summer Beer Festival

What better way to ring in summer in the rockies than by sipping craft brews in front of a mountain backdrop? The Annual Breckenridge Summer Beer Festival comes to town July 7th, so don’t miss out on getting tickets! Enjoy samplings from over 40 craft breweries, styling’s of live musical performances, a VIP area and enough food vendors to adequately soak up all the beer samplings.

Get Outside!

There’s a reason Summit County has been crowned as “Colorado’s Playground.” You don’t have to purchase an event ticket to have fun this summer, the adventures are all around you! Head to a nearby hiking trail and explore local waterfalls or check a fourteener off the bucket-list. Explore the county’s network of bike trails for an exhilarating ride, or ride the Breck Gondola up to the base of Peak 8 for a slope-side summer picnic. The county is at your fingertips, and you might even spot some wildlife along the way!

Breckenridge real estate may seem like the cream of the crop when it comes to the Rocky Mountain housing market. There are, however, many surrounding areas that offer the pinnacle of Colorado real estate. Frisco, Keystone, Silverthorne and Edwards all offer the same Colorado mountain lifestyle that makes Breckenridge so magical. Rocky Mountain High Real Estate has four fantastic new listings on the market in each of these idyllic Colorado towns.

Frisco: This original Frisco home sits on three lots. Close to everything Frisco has to offer, this home is just a block from Main Street and a short drive to five world-renowned ski areas. Enjoy the outdoor space that surrounds the cabin including a patio, hot tub and gazebo. These lots have endless possibilities allowing for commercial and/or residential development. Views in every direction make this a perfect spot for your mountain retreat or next investment!

Keystone Real EstateKeystone: An unsurpassed location backs up to National Forest areas and faces the slopes of Keystone. This end unit town-home is like that of a single family. A state-of-the-art elevator gives access to all three floors of exquisitely upscale excellence. Every surface of this exclusive home has been tastefully touched with selected finishes. Enjoy a gas fireplace, steam shower, soaking tub, in-floor heat, stainless Bosch appliances, vaulted ceilings, bountiful storage and an over-sized three-car garage.

Edwards: This beautiful Edwards Penthouse is spacious, expansive and lofted. Arched two-story windows showcase great views of the Eagle River from a masterfully executed and elegant living space. Inside you will find an interior tastefully furnished and artfully enhanced with custom lighting, railings, glass and fixtures. Amenities include: jetted tub, three fireplaces, room sized walk-in closet, custom bar with gracefully crafted glassware and wine rack cabinetry, and a 750 square ft. garage! Walk to everything the town of Edwards has to offer!

Silverthorne: A must-see stunning log home that sits on the 16th hole of the Raven Golf Course! Embodying craftsmanship and attention to detail, this home features vaulted ceilings and beautiful panoramic views from every window. This piece of Summit County real estate bolsters a stone floored entry, huge great room, dream kitchen, extra family room, and a 180 degree deck to enjoy the beautiful outdoors. A large two car garage and huge lot makes for endless privacy! This true Colorado cabin is in the perfect location with all that the High Country has to offer.

Breckenridge Real EstateThe prospect of finally buying that Breckenridge vacation home you’ve always dreamed of can be daunting. Committing to a second down payment, second mortgage and a second property to pay taxes on is stressful as it is, let alone having to maintain and keep up with another home for as long as you own it. What you may not know is that owning a piece of Breckenridge real estate comes with a wide array of advantages of which single-homeowners don’t reap the rewards. One of the biggest benefits? That would be rental income.

It might seem like owning a second home in Summit County comes with a hefty price tag, but many homeowners supplement their mortgage by renting out their properties while they’re not utilizing them. After all, you can’t be in two places at once, so you might as well take advantage of the financial opportunity! In fact, the potential behind short-term vacation rentals in Summit County is so huge, A&E made a new show about it.

Luxury home in FranceThe series called “Vacation Rental Potential” follows buyers in 10 U.S. urban, beach and mountain locations as they search for a home based on a budget not only determined by income, but by short-term rental possibility as well. The subjects in the show are armed with rental data and advised by industry experts throughout the process. While the show serves as an advertisement for the short-term rental industry, the information presented is accurate.

Companies like HomeAway and Airbnb have skyrocketed in recent years, and according to a recent report by research firm Phocuswright, the short-term rental market in the United States is anticipated to reach nearly $37 billion in 2018. According to worldatlas.com, the real estate, renting and leasing industry is the biggest in the U.S., so you can rest assured the demand is still out there. This is especially true in a place as desirable as Summit County, Colorado, where a good investment property is likely to see a gross rental income between 5 and 10 percent of the purchase price.

In addition to a great way to supplement additional expenses, second homeowners can look forward to a myriad of tax breaks. Should you decide to rent your new Breckenridge real estate out for 14 days or less, you aren’t required to report that income to the IRS – even if you rent it out for $10,000 a night! Since the property is still considered a personal residence, you can deduct property taxes and mortgage interest under the same second-home regulations you normally would.

(If you do decide to rent your home out for more than 14 days, the income must be reported to the IRS. However, you can deduct rental expenses, damages, and personal time spent at the property for maintenance purposes.)

Should you decide to Airbnb your home, you can now use the income on refinance applications thanks to a new agreement between Airbnb, Fannie Mae and three private lenders. For those who rely on rental income to supplement their salary or debt, recognizing those earnings could make the difference between qualifying for a new mortgage and getting turned down.

Karen and Phillip

Whether you prefer the new-age, crowd-sourced marketplace methods of Airbnb or HomeAway, the old-school ways of property management companies, or you simply prefer to manage your second home’s rental enterprise yourself – realizing the potential of short-term rental income could be the difference between buying or not buying the Summit County vacation home you’ve always wanted.

If you’re thinking of purchasing Breckenridge real estate and you’d like more information about rental income opportunity, contact me today! Rocky Mountain High Real Estate is here to walk you through every step of the process.

Silverthorne real estate featured listing alert! This Rocky Mountain dream home is for sale by owner and features the best views in the county! Walk in and come face to face with Buffalo Mountain. Relax and enjoy unobstructed views of the Gore Range as you entertain family and friends in this comfortable immaculate home in coveted Hamilton Creek. Enjoy a great floor plan, luxurious main floor master and gourmet kitchen with walk in pantry.
The private office with floor to ceiling vistas will keep you inspired. Multiple guest rooms offer comfort and convenience for long term guests. Master and guest bathrooms are spacious and feature upscale design and layout.
This piece of real estate features three living areas in which to entertain; come experience The Dude Cave” and “The Pub.” This home truly has everything you need for every type of party – from fancy dinner gatherings to game day get togethers! And of course, it is the perfect dwelling for when you just want to relax by the fireplace with an incredible view.
This home is for sale by owner for $2,150,000. If you are interested in 39 Timberwolf Trail, please contact me directly to set up a showing!
Directions:I-70 Silverthorne exit North on Hwy 9, Go 2 Miles, Right on Hamilton Creek Rd (light), Go up Mountain 1.6 miles and vere left on Timberwolf Trail. Second driveway on the Left.

If your thoughts turned to sunshine as the cold blasted Colorado, here are some stunning pictures from South of France real estate for sale by Rocky Mountain High Real Estate! If you’ve ever dreamed of owning your own slice of heaven in one of Europe’s more sought after locations, here’s your chance.

Offered at 8,100,000 euro

Villa Dominante – Magnificent remodeled Modern Contemporary Villa featuring panoramic views overlooking the harbor of Ville France and Saint Jean Cap Ferrat. Located in Europe’s most desirable location, minutes to Monaco and Nice. This home features three levels with terraces and gardens, 5 bedrooms, 6 bathrooms, two living rooms, two kitchens, laundry room, an elevator, Infinity Pool, spacious 2 car garage and additional parking. Living area is 470 square meters or 5,060 square feet.

Annual Tax 4,500 Euro
Offered by Rocky Mountain High Real Estate
Phillip Dolamore
Call USA 001 954 319 2186
pdolamore@gmail.com

Summit County HomeThere’s never been a better time to sell your Summit County home. Property values have been steadily increasing over the last several years and they are projected to continue on that trajectory throughout 2018. A recent article in the Summit Daily News dubbed 2017 as a “once-in-a-lifetime opportunity to sell a home.”

2017 saw $1.6 billion worth of combined real estate transactions – the highest the Land Title Guarantee Company of Summit County has ever seen.

The average price of a single family home sold in Summit County is now surpassing $1 million, rising 16 percent compared to 2016 – an inclination of just how fast local property values are growing. This is also an indicator of the current market, in that many people are striving to live and buy property here.

“It’s all driven by supply and demand,” said President of the Summit Association of Realtors Jason Smith, in a Summit Daily News piece that ran in January on local real estate growth. “I would say buyers are seeing the value in Summit County real estate like they haven’t seen it before.”

Sellers can also thank an expanding U.S. economy among the factors driving this current seller’s market. And of course, it goes without saying that individuals with extra money tend to spend it on an appealing lifestyle – an X-factor that Summit County has more than enough to offer!

If you’re considering selling your Summit County home, you should be confident in how hot this currently seller’s market is. According to recent data, local homeowners who decide to sell their property are getting approximately 98 percent of their listed asking prices – a figure that has greatly improved since 2010, when sellers were only getting about 86 percent of their listed asking prices.

Karen and her dogIt goes without saying; Summit County is in a market most haven’t seen. Are you ready to take advantage of the current seller’s climate? Take advantage of this bubble before it bursts! If you’re thinking of selling your home, call, text or email me today. I’ll knock 10 percent off the listing fee!

kjdolamore@gmail.com or 924.292.3972