A rustic cabin in a Colorado country club high in the Rocky Mountains is up for grabs, and brokers are looking for golfers who like to play on courses more than a mile in the sky.
The four-bedroom home 9,200 feet above sea level has been on the market for about a month at a listing price of $2.25 million. It’s part of a 4,800-acre private country club outside Montrose, Colorado, with a Greg Norman-designed golf course and a $150,000 club initiation fee.
Listing agent Pete Black told CoStar News the Cornerstone Club ownership group is waiving the initiation fee, though the eventual buyer is on the hook for annual dues of $15,000. The 2,500-square-foot, two-story residence about 300 miles southwest of Denver is being sold fully furnished with a design package from RH, formerly Restoration Hardware, according to the Homes.com listing.
“There’s a good chance the buyer will be an existing member, or a friend or a guest of an existing member,” said Black, of Montage Residences Real Estate in Irvine, California.
Regardless, he is fairly certain of his next prediction: “The buyer will be someone who loves top-notch mountain golf.”
Colorado is known for its scenic golf vistas. Golf.com once called Cornerstone "easily the best high altitude course in the nation and quite possibly the world." It also ranked Castle Pines Golf Club in Castle Rock, Colorado, among the world's finest mountain courses.
The Cornerstone Club opened in the shadow of the San Juan Mountains in 2008 in the middle of the U.S. housing bust and was hit hard by the financial crisis and Great Recession. The club shut before four member families acquired it in 2017 and reopened it in 2019.
The golf course is fully built, but the club's real estate remains in the early stages of development. While it has about 220 members, there are fewer than 50 homes so far, and there's a soft cap at about 500 homes, the listing agent said.
Built by Ultimate Design and Construction and designed by Gies Architects, the cabin is the most recent four-bedroom unit to hit the market at the club, according to Black.
The frame house with a shingle roof also was built with stone, and its exterior is painted wood, according to the listing. Other features include 4 1/2 bathrooms, a fire pit, a fireplace, one-car garage and a patio deck.
In addition to golf, residents and club members have access to hiking, fishing, horseback riding, racket sports and all-terrain vehicles. The club has a main restaurant and bar and a series of comfort stations serving food and drinks to golfers on the course.
The cabin, within walking distance of the clubhouse, can serve as a potential second or third home, Black said. When vacant, it can be entered into the club's rental program at $1,200 a night.
The hefty annual dues create a limited buyer pool. But at a time when it's common for prospective homebuyers to shop online and some even commit sight unseen, Black said organizing as many site visits as he can is an important tool in marketing this home for sale.
"The No. 1 objective is to get the right person here, and get that person out on the golf course," Black said. "Like anything in life, it's definitely best experienced in person."
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