NOT LISTED FOR SALE

706 Forest Rd Unit A Vail, CO 81657

Estimated Value: $8,903,000

5 Beds
5.5 Baths
4,856 Sq Ft
$1,833/Sq Ft Est. Value

Last Sold December 09, 2024

Last sale price $13,750,000 $2,832 Per Sq Ft

Est. 35% decrease in value since last sale

Current estimated payment $58,499/month

166 Days on Market

Highlights

  • Views of Ski Resort
  • Fitness Center
  • Spa
  • Golf Course Community
  • Heated Driveway
  • Fishing

About This Home

As of December 2024

Completely rebuilt in 2021, this beautiful 5-bedroom 6-bathroom contemporary mountain home is ideally situated among the aspen groves on the mountainside of prestigious Forest Road, just below the Simba ski run, with enviable direct ski-in access. Lavish interior finishes abound on over nearly 5,000 square feet, including a gourmet kitchen with an open island design, Wolf/SubZero appliances, and sliding windows that open to the outdoor entertainment area, complete with a grilling area, bar, and hot tub. Large windows bring the outdoors in to the large living room, anchored by the exceptional gas fireplace and high ceilings, open to the dining area, kitchen, and den; all ideal for multi-generational entertaining. An elevator provides easy access to all levels, including to the impressive guest bedrooms, all with en-suite bathrooms, and the spectacular and spacious primary suite, with stunning views, vaulted ceilings, and private outdoor access up Vail mountain. The 5-piece primary bathroom offers luxury and privacy amongst generous-sized spaces, including a large walk-in closet. A rare in-town location, Forest Road is a favorite among walkers, with easy access to gore creek, the bike path, and all of the legendary shopping, dining, and recreation offered by both Lionshead and Vail Villages.

Last Listed By

Matthew Blake

LIV Sotheby's Int. Realty-Vail Mountain Haus Brokerage Phone: 970.390.2692 License #FA40044863 Listed on: 11/11/2024

LIV Sotheby's Int. Realty-Vail Mountain Haus

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $39,141

Year Built

  • Built in 2020

Lot Details

  • 0.71

Parking

  • 2 Car Garage
  • Heated Garage
  • Heated Driveway

Property Views

  • Ski Resort
  • Woods
  • Mountain

Home Design

  • Duplex
  • Poured Concrete
  • Frame Construction
  • Metal Roof
  • Wood Siding
  • Stone

Interior Spaces

  • 4,856 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Furnished
  • Vaulted Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Washer and Dryer

Kitchen

  • Range with Range Hood
  • Microwave
  • Dishwasher
  • Wine Cooler
  • Disposal

Flooring

  • Wood
  • Carpet
  • Radiant Floor
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms

Outdoor Features

  • Spa
  • Balcony
  • Deck
  • Patio

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Natural Gas
  • Phone Available
  • Satellite Dish
  • Cable TV Available

Additional Features

  • 0.71 Acre Lot
  • Property is near public transit

Listing and Financial Details

  • Assessor Parcel Number 210107211039
  • Seller Concessions Not Offered

Community Details

Overview

  • No Home Owners Association
  • Vail Village 6 Subdivision

Recreation

  • Golf Course Community
  • Fitness Center
  • Fishing
  • Trails
  • Snow Removal

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$39,141

Year Built

Built in 2020

Lot Details

0

Parking

2

Listing Details

  • Lot Size Acres: 0.71
  • Property Sub Type: Duplex
  • Prop. Type: Residential
  • Building Stories: 3
  • Year Built: 2020
  • Subdivision Name: Vail Village 6
  • Garage Yn: Yes
  • Tax Parcel Letter: Yes
  • Attribution Contact: 970.390.2692
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Entry Location: 2
  • Furnished: Furnished
  • Interior Amenities: Elevator, Fireplace - Gas, Multi-Level, Patio, Spa/Hot Tub, Vaulted Ceiling(s), Balcony
  • Appliances: Dishwasher, Disposal, Microwave, Range, Range Hood, Refrigerator, Washer/Dryer, Wine Cooler
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 4
  • Total Bedrooms: 5
  • Flooring: Carpet, Tile, Wood
  • Living Area: 4856.0
  • ResoLivingAreaSource: Builder
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Range: Yes
  • Appliances Included:Refrigerator: Yes
  • Interior Features:Fireplace - Gas: Yes
  • Interior Features:Multi-Level: Yes
  • Interior Features:Vaulted Ceiling(s): Yes
  • Appliances Included:Disposal: Yes
  • Appliances Included:Microwave: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Range Hood: Yes
  • Interior Features:Elevator: Yes
  • Interior Features:Patio: Yes
  • Interior Features:SpaHot Tub: Yes
  • Interior Features:Balcony: Yes
  • Appliances Included:Wine Cooler: Yes

Exterior Features

  • Patio And Porch Features: Deck, Patio
  • Roof: Metal
  • View: Mountain(s), Ski Slopes, Trees/Woods
  • Construction Type: Stone, Wood Siding
  • Foundation Details: Poured in Place
  • Construction:Frame: Yes
  • Patio and Porch Features:Deck: Yes
  • Patio and Porch Features:Patio2: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Heated Driveway, Heated Garage
  • General Info:Garage2: Yes
  • Parking:Heated Garage: Yes
  • Parking:Heated Driveway: Yes
  • General Info:_pound_ of Garage Stalls: 2.0

Utilities

  • Cooling: Ceiling Fan(s), Wall Unit(s)
  • Heating: Natural Gas, Radiant Floor
  • Sewer: Sewer Connected
  • Water Source: Public
  • Laundry Features: See Remarks
  • 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:Natural Gas: Yes
  • Heating:Radiant Floor: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Cross Country Trail(s), Fishing, Fitness Center, Golf, Near Public Transit, Trail(s)

Association/Amenities

  • Keywords Info:Association YN: No

Lot Info

  • Lot Size Sq Ft: 30796.0
  • Parcel #: 210107211039
  • Land Lease: No
  • Zoning: Two-Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 39141.16
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 24, 2021
Sold by
706 Forest Road B Llc
Bought by
Ostling Paul J and Ostling Danita K
Total Days on Market
166
Current Estimated Value
$8,903,000

Purchase Details

Closed on
Sep 21, 2021
Sold by
706 Forest Road B Llc
Bought by
Ostling Paul J and Ostling Danita K

Purchase Details

Closed on
Jun 18, 2003
Sold by
Adam Nancy Shapiro
Bought by
Ostling Paul J and Ostling Danita K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 5, 2001
Sold by
Nsa Investments Inc
Bought by
Adam Nancy Shapiro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,690,000
Interest Rate
6.37%

Purchase Details

Closed on
Jul 14, 1999
Sold by
Adam Nancy Shapiro
Bought by
Nsa Investments Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,100,000
Interest Rate
7.39%

Purchase Details

Closed on
Nov 18, 1993

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
Ostling Paul J -- None Available
Ostling Paul J -- None Available
Ostling Paul J $2,900,000 Land Title Guarantee Company
Adam Nancy Shapiro -- Land Title
Nsa Investments Inc -- Land Title
-- $850,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ostling Paul J $6,500,000
Previous Owner Ostling Paul J $4,500,000
Previous Owner Ostling Paul J $2,238,000
Previous Owner Ostling Paul J $2,000,000
Previous Owner Adam Nancy Shapiro $1,690,000
Previous Owner Nsa Investments Inc $2,100,000
Closed Ostling Paul J $320,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/09/2024 12/09/24 Sold $13,750,000 -1.4% $2,832 / Sq Ft
11/14/2024 11/14/24 Pending -- -- --
11/11/2024 11/11/24 For Sale $13,950,000 0.0% $2,873 / Sq Ft
10/18/2024 10/18/24 Pending -- -- --
09/04/2024 09/04/24 Price Changed $13,950,000 -3.1% $2,873 / Sq Ft
06/01/2024 06/01/24 For Sale $14,400,000 -- $2,965 / 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
2020 $17,643 $347,640 $274,590 $73,050
2019 $22,657 $444,960 $274,590 $170,370
2018 $22,263 $428,540 $195,540 $233,000
2017 $22,155 $428,540 $195,540 $233,000
2016 $22,398 $438,040 $207,440 $230,600
2015 -- $438,040 $207,440 $230,600
2014 $19,968 $424,720 $194,100 $230,620
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Vail Multi-List Service

MLS Number: 1009576

Vail Multi-List Service

APN: R008777