Buckhorn Valley project sold
September 18, 2008
GYPSUM, Colorado ” The Buckhorn Valley development, just south of Eagle County Airport in Gypsum, has been sold.
Ten years ago, longtime valley resident David Garton launched Buckhorn Valley. Garton received approval from the town of Gypsum for a 899-unit development. One-hundred and sixty of those homes have already been built.
On Aug. 29, the remaining land, totaling more than 200 acres, was purchased from Garton by locals John Hill, Jeff Brode and International Capitol L.L.C, an investment group based out of Texas. Together they plan to develop the remaining 739 home sites.
“We got to know the area and thought it was a good idea to create nice housing where people could afford to live,” says Hill. “We think we can fulfill a need for Eagle Valley,” he continues.
The single-family, semi-custom homes, will be in the $400,000 to $500,000 range and will be centered on a community-based core including parks, lakes, trails, a recreation center and a 10-acre school site.
“It is free-market housing but at affordable rates,” explains Hill.
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The first home, after the acquisition, is currently under construction.
Hill assures that Buckhorn Valley will help people get financing to purchase homes by looking at each individual client, evaluating issues and re-arranging their financing, so that potential buyers can qualify for mortgages.
“We are not nervous about the economy. If you have something well priced and can get money for people to buy it, people need a place to live,” said Hill. “The market is still good here. We think it will get better. But we are situated for whatever storm will occur.”
Developers predict families living in condominiums, townhomes, and other multi-family units up-valley or even around the Gypsum area will purchase these homes.
“People looking for more room and less cost,” said Hill.
Hill also thinks residence of the previously built homes in Buckhorn Valley will upgrade to these newly built, larger homes.
The sales office is open for business. For more information call (970)524-5056.