Commercial Off Market
The owner of five (5) Timbers Club condominiums (40 fractional interests) is selling the rights and real properties as a bulk acquisition. The Timbers Club is a five-star Private Residence Club with a consistent record of resales. - The five units are leased currently to an elite vacation club, on a staggered basis with the leases expiring between 2027 and 2030. - Exclusive Resorts pays all assessments and real estate taxes. - There have been 5 extensions of the leases since 2007. - Upon expiration of each lease, which is one unit each year from June 2027 through June 2029 and two in 2030, each unit of eight (8) fractional interests must be sold and returned/integrated with the Timbers Club overall membership. - THE HOA BOARD OF MANAGERS MUST APPROVE PURCHASERProperty Details
- Beds: 0
- Baths: 0.0
- Year Built: 2004
- Location: (private lake)
- Has Pond? Yes
- County: Pitkin County
- Community: Timbers Club
- Heat/AC: Radiant
- Garage: Garage,Paved or Surfaced
- Roof: Wood Shake
- Property Taxes: $33,720
- MLS #: 171433
Location
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Contact Information:
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Ad Statistics:
| Ad Number : | 1835378 |
| Viewed: | 295 times |
| Added: | Aug 05, 2021 |
| Updated on: | Jan 21, 2022 |
| All information provided is deemed reliable but is not guaranteed and should be independently verified. | |
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