Vail, Triumph Development open presale process for new Timber Ridge homes
The first building is expected to open in late 2025
Triumph Development/Courtesy photo
The town of Vail and Triumph Development have opened the presale process for individual buyers at Timber Ridge Village.
Once complete, Timber Ridge will be a 100% deed-restricted development with 294 units located just east of the Vail Post Office on the North Frontage Road. Construction is slated to begin this summer, with the first building scheduled for completion in late 2025.
A minimum of 87 homes are being reserved for individuals to purchase. These individuals must be full-time employees of a business in Eagle County. During the presale period, the homes are being offered on a first-come, first-served basis.
Interested buyers must complete a form found on the project website at TimberRidgeVail.com/Contact. The form will be used to track the buyer selection order. A Purchase and Sale Agreement and a 2.5% refundable deposit will be required for individuals to reserve a home. Any homes that remain unsold after the presale period will be sold through a community housing lottery in the first half of 2025.
Five different unit types are being offered at Timber Ridge Village:
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- Studio: Starting at $367,100
- One-bedroom: Starting at $423,800
- Two-bedroom: Starting at $612,100
- Three-bedroom: Starting at $869,300
- Four-bedroom: Starting at $1,018,100
The seven-building development will replace the existing 96-unit Timber Ridge located near the West Vail commercial area and on the West Vail and Lionsridge Loop free public transit routes. Each of the new units will incorporate high-efficiency electric appliances and mechanical systems. Rooftop solar panels will be used to power the common elements of the development. Shared rooftop decks and community rooms will be included throughout the neighborhood. Every home includes one separate lockable storage area in the heated garage level of each building.
One on-site surface parking space is included in the purchase price. Home buyers have the option to select an enclosed, heated garage parking space for an additional cost. Pricing on these parking spaces varies and details can be found on the website.
Eagle County business owners were offered the opportunity to purchase from a pool of 165 homes at Timber Ridge Village this spring. Triumph Development is in the process of finalizing those contracts. Business owners still interested in purchasing a home can contact the development team at timberridge@triumphdev.com.
The town of Vail is expected to acquire the remaining units to add to its existing deed-restricted housing inventory.
Every home at Timber Ridge Village will carry a deed restriction requiring occupancy by an employee of an Eagle County business who works an average of 30 hours per week throughout the year and earns at least 75% of their annual income from the business. The homes can be either owner-occupied or rented to local residents with long-term leases. There are no income restrictions, household size requirements, or limitations on owning other real estate in Eagle County for buyers. There is also no maximum price appreciation cap on the homes.
For more information, visit TimberRidgeVail.com or email timberridge@triumphdev.com. For assistance with completing the pre-sale form, call 303-475-4413.
