That record month of August achieved its apex in no small part due to a single (or rather double) sale: a six-story, 15,000-square-foot duplex at 99 and 100 Vail Road that sold for a breathtaking (and record-breaking) $57.25 million, to Boulder biotech entreprenuer Kevin Ness. The previous owner had purchased the 11-bedroom, ski-in/ski-out home in 2014 and carved it into two lavish apartments with interiors by designer Sandy Rojas, each with its own swimming pool, private elevator, hot tub, movie theater, and terrace overlooking the Gore Range. When Ness and his wife toured the units (one was listed for $27.5 million and the other for $29.75 million), they convinced the owner to sell them both, one as their family home (they have four young children), the other as an attached guest house for a generational family compound.
“We had the right house for the right buyer,” says Ron Byrne & Associates broker Eustaquio Cortina, who was the listing agent for the property. “It was the best house in Vail by far, the best location, the best views in Vail, period.”
What clinched the deal was not just the superlative duplex, but the allure of living in the heart of Vail Village.
“People who were thinking should I buy, should I not buy are realizing that Vail is a magical place,” adds Cortina. “It’s the sense of freedom it provides, the healthy living, the outdoors and the mountains, and the kids can run around all over the place and be secure and safe.”
Cortina’s boss, Ron Byrne, made Forest Road, the Village’s toniest address, his home for that very reason.
“Every day we walk to the end of the golf course and back,” he says. “In June, we started noticing a lot more people were out and doing the same thing: walking, biking, saying hello. It’s a paradigm that has shifted. We’ve gotten used to the off-season, but now there is no off-season.”
For his part, Tye Stockton, The Stockton Group/LIV Sotheby’s broker who represented the buyers of the Vail Road property, says tthe scope of that sale was indicative of just how hot the resort market is right now.
“When we opened up in May, it was just go, go, go,” says Stockton, who brokered the sale of a $24 million home on Mill Creek Circle in July that had been the previous record. “It’s the pandemic gold rush.”
Number of active listings on the market, at press time: 74
Median home price of active listings: $4.5M
Number of homes sold in 2020: 54
Median price of homes sold: $2.7M
Average number of days on the market: 378