As we approach mud season in the mountains and look forward to summer, there are some exciting luxury condos developments ready to launch in Vail.

The Vail real estate market continues to be extremely hot. Low home inventory, attractive mortgage rates and many more buyers than sellers have seen the escalation of prices up and down the valley.

According to an article in the Vail Daily, the total sales volume in February in the Vail Valley increased 59 percent compared to February of last year. Additionally, there has been a 24 percent increase in the number of homes sold year-over-year (February 2020 compared to February 2021).

Vail’s proximity to the Front Range, its inclusive community, world-class skiing facilities and numerous summer activities are just some of the reasons people choose to have a permanent, retirement or second-home in the valley.

Multi-family homes continue to be an attractive option for people considering a primary residence or vacation home in Vail. On-site amenities, low-maintenance and proximity to shopping, services, recreation and cultural activities often top the “wants and needs” of homebuyers looking for no-muss, no-fuss living.

Three prominent multi-family condominium developments in Vail will soon be added to the luxury real estate market. Two are situated in the heart of Lionshead while the third will provide access to both Golden Peak and Vail Village. Read more about these exciting projects that will add another dimension to Vail’s dynamic residential real estate scene.

Legacy at Vail Square

Photos of Legacy at Vail Square Courtesy of Listing Agency Slifer Smith & Frampton Real Estate

The vision for Legacy at Vail Square development began decades ago; now it will become a reality. Bob Lazier, who developed a number of properties in Vail including the iconic Tivoli Lodge, dreamed of one day transforming a decrepit section of Lionshead into a luxury residential showpiece.

This property, which includes part of a parking lot and small building that used to house several retail outlets, is strategically located north of Performance Sports and across from the Lionshead Parking Structure. It is steps away from the Lionshead Gondola and base area, and it goes without saying that the new residents will enjoy captivating views of Vail Mountain.

Photos of Legacy at Vail Square Courtesy of Listing Agency Slifer Smith & Frampton Real Estate

According to the Legacy website, homeowners will benefit from “unbeatable views and first-class architecture.” Featuring six floors and a variety of floor plans from which to choose, the interior finishes shout out “modern, mountain elegance.” Custom building materials, classy hardwoods and slick marble accent these high-end homes.

One-, two-, three- and four-bedroom homes are available and prices start at $1.895 million.

Walk to all the Lionshead merchants and enjoy nearly instant access to Gore Creek and it’s adjacent bike path. Minutes away from Vail Village, I-70 access and all that makes Vail “like nothing on earth.”

Elevation Vail

Elevation Photos Courtesy of Listing Agency Berkshire Hathaway Colorado Properties

What this cozy development lacks in size, it makes up for in opulence and amenities. Located right next to Legacy at Vail Square, Elevation will feature nine residences and a fifth floor penthouse (with its own private elevator).

Sporting four main levels with just two residences on each floor, homeowners will have the ultimate in privacy and white-glove service. For people coming from sea level, they will love the oxygenated master bedrooms which can be expanded to other bedrooms as well. Furthermore, all Elevation 3- and 4-bedroom residences have an additional study and bathroom, creating an additional sleeping space for guests.

Elevation Photos Courtesy of Listing Agency Berkshire Hathaway Colorado Properties

There will be a large, cozy lobby for owners/guests which features ample seating, a TV and coffee/beverage area. Revel in the private patio/deck featuring a hot tub and firepit/fireplace. After a day on the slopes or hiking/biking, you’ll love the opportunity to unwind and relax in this space while you take in the mountain views.

Owners will have access to a private fitness area and customized ski locker room. State-of-the-art FOB entry system, on-site manager and spacious storage closets for each residence are just a few of the amenities found at Elevation.

Two reserved parking spaces are assigned per residence and the parking facility is a fully automated system.

Altus Vail

Photos of Altus Vail Courtesy of Gore Creek Group LLC

Enjoying its location near both Golden Peak and Vail Village, Altus Vail will provide its homeowners with commanding views of Vail Mountain and upscale amenities. Expecting to deliver the homes this spring, Altus is the first significant Vail condominium development in over 10 years.

Located at 400 E. South Frontage Road, home buyers may select from 15 units ranging in price from $3-10 million. There are six designated penthouses and nine residential homes, all with luxury accents you’d expect in Vail.

This building exudes quality, from the framing to insulation, windows to high-end finishes. Designed with a single family home flair but affording high-end amenities, these homes feature contemporary/mountain design, energy efficient Wolf and Sub-Zero appliances and HVAC systems, 8-foot deep balconies and fabulous indoor-outdoor living space.

Photos of Altus Vail Courtesy of Gore Creek Group LLC

Stylish quartz countertops and laminate hardwood flooring are just a few of the accents of these lovely homes. Homeowners will also have access to underground parking and storage rooms,

semi-private elevators (one elevator serves two units on the same floor), and hot tubs on private rooftop terraces of all penthouses as well as fire pits for the two premier penthouses.

Residents have the option of joining the popular Gravity Haus Dryland Fitness and Spa, located across from the Vail Parking structure. This athletic center offers diversified and unique exercise options including peloton bikes, a cardio area, strength training equipment, and yoga and other fitness classes.