NOT LISTED FOR SALE

62 Highlands Ln Unit R-504 Beaver Creek, CO 81620

Beaver Creek Neighborhood

Estimated Value: $2,925,000 - $7,933,541

5 Beds
5.5 Baths
5,259 Sq Ft
$3,500/mo HOA Fee

Last Sold September 15, 2020

Last sale price $8,510,000 $1,618 Per Sq Ft

Est. 36% decrease in value since last sale

Current estimated payment $38,050/month

9 Days on Market

Highlights

  • Views of Ski Resort
  • Fitness Center
  • Property is near public transit
  • Golf Course Community
  • Deck
  • Vaulted Ceiling

About This Home

As of September 2020

The attention to detail is seen throughout this one-of-a-kind Penthouse overlooking the world class skiing of Beaver Creek. Unique hand-made accents flow throughout the 5300+sqft. This home is a must see to appreciate the craftsmanship and details that went into making this home one of the prized Penthouses in Beaver Creek from the stone carvings into the fireplace and powder room wall, to the huge master bath that features a his and hers bathroom connected with a walk through shower. The only unit in McCoy Peak Lodge with 3 decks to enjoy the fabulous slopes and the beautiful views up valley. Do your clients a favor and show them what Colorado Living is all about, skiing and hiking just steps away from luxury. This property can be purchased with all art, sculptures, etc. for $10,500,000 to give you a truly unique property that is magnificently decorated with a one-of-a-kind art collection.

Last Listed By

Gregory Peterson

Coldwell Banker Distinctive Properties Listed on: 08/14/2020

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $26,135

Year Built

  • Built in 1995

Lot Details

  • 2,178

HOA Fees

  • $3,500 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Heated Garage

Property Views

  • Ski Resort
  • Woods
  • Views to the South
  • Mountain
  • Valley

Home Design

  • Frame Construction
  • Metal Roof
  • Wood Siding
  • Concrete Perimeter Foundation
  • Stucco
  • Stone

Interior Spaces

  • 5,259 Sq Ft Home
  • Furnished
  • Vaulted Ceiling
  • Wood Burning Fireplace
  • Gas Fireplace
  • Washer and Dryer

Kitchen

  • Built-In Electric Oven
  • Built-In Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Hydromassage or Jetted Bathtub

Outdoor Features

  • Deck
  • Patio

Location

  • Property is near public transit

Utilities

  • Central Air
  • Baseboard Heating
  • Phone Available
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 210524135034
  • Seller Concessions Not Offered

Community Details

Overview

  • Association fees include cable TV, common area maintenance, gas, heat, internet, management, sewer, snow removal, trash, water
  • Mccoy Peak Lodge Subdivision
  • 6-Story Property

Recreation

  • Golf Course Community
  • Tennis Courts
  • Fitness Center
  • Community Spa
  • Trails
  • Snow Removal

Pet Policy

  • Dogs and Cats Allowed

Security

  • Front Desk in Lobby
  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$26,135

Year Built

Built in 1995

Lot Details

0

HOA Fees

$3,500 per month

Parking

1

Listing Details

  • Association HOA Fee: 10500.0
  • HOA Fee Frequency: Quarterly
  • Entry Level: 1
  • Unit Levels: Two
  • Lot Size Acres: 0.05
  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Building Stories: 6
  • Utility Expenses Water Sewer Included In HOA: Yes
  • Year Built: 1995
  • Subdivision Name: McCoy Peak Lodge
  • Garage Yn: Yes
  • Tax Parcel Letter: Yes
  • Financing Information Transfer Fee: 2.375
  • Special Features: VirtualTour
  • Stories: 6

Interior Features

  • Entry Location: 2
  • Fireplace Features: Gas, Wood Burning
  • Furnished: Furnished
  • Interior Amenities: Elevator, Fireplace - Gas, Fireplace - Wood, Jetted Bath, Multi-Level, Patio, Satellite Dish, Vaulted Ceiling(s), Wired for Cable
  • Appliances: Built-In Electric Oven, Cooktop, Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Wall Oven, Washer, Washer/Dryer
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Living Area: 5259.0
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Refrigerator: Yes
  • Interior Features:Fireplace - Gas: Yes
  • Interior Features:Multi-Level: Yes
  • Interior Features:Satellite Dish: Yes
  • Interior Features:Vaulted Ceiling(s): Yes
  • Fireplace Features:Gas3: Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Microwave: Yes
  • Appliances Included:WasherDryer: Yes
  • Interior Features:Fireplace - Wood: Yes
  • Interior Features:Wired for Cable: Yes
  • Fireplace Features:Wood Burning: Yes
  • Appliances Included:Built-In Electric Oven: Yes
  • Appliances Included:Cooktop: Yes
  • Interior Features:Elevator: Yes
  • Appliances Included:Wall Oven: Yes
  • Interior Features:Patio: Yes
  • Interior Features:Jetted Bath: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Washer: Yes

Exterior Features

  • Patio And Porch Features: Deck
  • Roof: Metal
  • View: Mountain(s), Ski Slopes, South Facing, Trees/Woods, Valley
  • Construction Type: Stone, Stucco, Wood Siding, Other
  • Foundation Details: Concrete Perimeter, Prestressed
  • Construction:Frame: Yes
  • Patio and Porch Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Assigned, Heated Garage, Underground
  • General Info:Garage2: Yes
  • Parking:Heated Garage: Yes
  • Parking:Assigned: Yes
  • Parking:Underground: Yes
  • General Info:_pound_ of Garage Stalls: 1.0

Utilities

  • Cooling: Central Air
  • Heating: Baseboard
  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Satellite, Sewer Available, Snow Removal, Trash, Water Available
  • Heating:Baseboard: Yes

Condo/Co-op/Association

  • Association: Yes
  • Community Features: Cross Country Trail(s), Fitness Center, Golf, Near Public Transit, On Site Management, Tennis Court(s), Trail(s)
  • Amenities: Front Desk, On Site Management, Spa/Hot Tub
  • Association Fee: 10500.0
  • Association Fee Frequency: Quarterly
  • Pets Allowed: Cats OK, Dogs OK

Association/Amenities

  • HOAComm Amenities:Front Desk: Yes
  • HOAComm Amenities:On Site Management: Yes
  • HOAComm Amenities:SpaHot Tub2: Yes
  • AssociationHOA Fee Includes:Cable TV: Yes
  • AssociationHOA Fee Includes:Common Area Maintenance: Yes
  • AssociationHOA Fee Includes:Internet: Yes
  • AssociationHOA Fee Includes:Management: Yes
  • AssociationHOA Fee Includes:Sewer: Yes
  • AssociationHOA Fee Includes:Snow Removal2: Yes
  • AssociationHOA Fee Includes:Water: Yes
  • AssociationHOA Fee Includes:Gas2: Yes
  • AssociationHOA Fee Includes:Heat: Yes
  • Keywords Info:Association YN: Yes
  • AssociationHOA Fee Includes:Trash2: Yes

Fee Information

  • Association Fee Includes: Cable TV, Common Area Maintenance, Gas, Heat, Internet, Management, Sewer, Snow Removal, Trash, Water

Lot Info

  • Lot Size Sq Ft: 2178.0
  • Parcel #: 210524135034
  • Land Lease: No
  • Zoning: RES
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 26135.0
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2020
Closed on
Sep 15, 2020
Sold by
Rippeto James Douglas
Bought by
Barbara O Sullivan Decalration Of Trust
Seller's Agent
Gregory Peterson
Coldwell Banker Distinctive Properties
Buyer's Agent
Mitch Perry
Slifer Smith & Frampton - Hyatt
List Price
$8,900,000
Sold Price
$8,510,000
Premium/Discount to List
-$390,000
-4.38%
Total Days on Market
9
Current Estimated Value
$5,429,271

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,080,729
Avg. Annual Appreciation
-9.14%

Purchase Details

Closed on
May 8, 2016
Sold by
Rippeto Vicki Jeanne and Rippeto James Douglas
Bought by
Rippeto James Douglas

Purchase Details

Closed on
Sep 27, 1999
Sold by
Westcott Carl
Bought by
Rippeto J Douglas and Rippeto Vicki J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 15, 1995

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Barbara O Sullivan Decalration Of Trust $7,710,000 Title Company Of The Rockies
Rippeto James Douglas -- None Available
Rippeto J Douglas $3,470,100 Land Title
-- $2,925,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rippeto James Douglas $3,970,000
Previous Owner Rippeto J Douglas $4,100,000
Previous Owner Rippeto J Douglas $3,400,000
Previous Owner Rippeto J Douglas $1,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2020 09/15/20 Sold $8,510,000 -4.4% $1,618 / Sq Ft
08/23/2020 08/23/20 Pending -- -- --
08/14/2020 08/14/20 For Sale $8,900,000 -- $1,692 / Sq Ft
Source: Vail Multi-List Service

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $49,919 $836,090 -- $836,090
2023 $49,919 $836,090 $0 $836,090
2022 $36,606 $502,410 $0 $502,410
2021 $37,159 $516,860 $0 $516,860
2020 $26,712 $388,600 $0 $388,600
2019 $26,135 $388,600 $0 $388,600
2018 $25,992 $376,300 $0 $376,300
2017 $25,911 $376,300 $0 $376,300
2016 $27,759 $395,270 $0 $395,270
2015 -- $395,270 $0 $395,270
2014 $21,368 $346,200 $0 $346,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Vail Multi-List Service

MLS Number: 1000835

Vail Multi-List Service

APN: R043076