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Vail CondosWhether investing as a weekend getaway, second home, or rental asset, condos in Vail attract a worldwide market, capitalizing on the prestige of this breathtaking locale. One of the advantages of owning Vail condos is location, location, location. Vail sits between the neighboring ski resort areas of Copper Mountain and Beaver Creek on the I-70 corridor. Just 30 minutes away from the Eagle County Airport and 125 miles from the Denver International Airport, the town boasts easy access to your Vail, Colorado condo.
Vail condo ownership is full of advantages. Many Vail condos are part of full-service luxury resorts, offering mountain lodge living with all the finest amenities, such as spa, fine dining, ski rental, and concierge services. Condo hotels offer a much greater capacity for rental income than other condominium properties. By taking advantage of a hotel's location, amenities, and reputation, condo owners in Vail have a higher potential for rental income than from a traditionally managed vacation home. Vail condos and condo hotel properties also benefit from proximity; many are right in the middle of Vail's urban centers and within walking distance to the slopes, gondola, shops, and nightlife. The location of most Vail condo properties often allows owners and guests much closer access to the town's activities, as luxury home sites are reserved for areas with more land for development.
Residents and visitors can expect to see a whole new Lionshead Village in the near future. The long overdue redesign will follow design trends in adjoining Vail Village's condos and is inspired by the vitality of pedestrian villages found in Europe. Dubbed the "Vail Renaissance," tourists and Vail condo owners alike should see added benefits to the $1 billion redevelopment. With the addition of over 35,000 square feet of new retail space courting boutiques, galleries, restaurants, as well as a 5-star hotel and new skier portal, visitors to Vail's condo properties have more reasons than ever to visit this world-renowned area. The Lionshead Village revamping should also bring a limited supply of highly desired new inventory to the Vail condo market.
The Vail, Colorado condo market has seen significant gains in the past, and shows signs of maintained growth for the future. Condos in areas of Vail Village have seen a jump in average price per sale of as much as 65% over the last years. The condo market in Vail, Colorado is joining the trends of many exclusive ski and summer resort cities experiencing a dwindling inventory of vacation properties. This pressure is one factor causing Vail condos to continue to increase in value. Vail, Colorado condos are year-round investments, enjoying the status of a destination locale for the rich and famous, the sports enthusiasts, or simply the nature lovers. It's a fantastic time to buy a condo in Vail!
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