TBD James Drive, Tabernash, CO 80478

Property Description

An exceptional opportunity to acquire 17 fully platted, shovel-ready lots with substantial infrastructure investments already completed. This development offers a streamlined path to construction, eliminating many of the costly and time-consuming challenges typically associated with new development. Key Development Highlights 17 Fully Platted, Build-Ready Lots: All entitlement and platting work is complete, allowing a buyer to move directly into the building process, subject to required building permits and approvals. Infrastructure Complete: Roads and essential infrastructure are already installed, with utilities stubbed directly to each lot. This represents significant upfront cost savings and reduces development timelines. $578,000 in Prepaid Water and Sewer Taps: All 17 lot include paid water and sewer taps, representing a value of $34,000 per lot. With the district approaching capacity, these secured taps represent an increasingly valuable development asset. Operational Irrigation System: An expandable irrigation system is already installed and functioning, providing additional value and flexibility for future landscaping needs. Desirable Walkout Basement Opportunities: The 200, 400, and 1100 block lots feature walkout basement configurations, offering excellent opportunities for desirable floor plans and additional living space. 1000 and 1200 Block Lots: Additional site-specific features and development advantages to be highlighted. A Significant Head Start for Builders and Developers With entitlements completed, infrastructure installed, utilities stubbed, and nearly $600,000 in prepaid water and sewer taps, this property offers a rare opportunity to bypass much of the traditional land development process. The value is not simply in the 17 lots--it is in the time, investment, and development risk already addressed. This is an opportunity for a builder or developer to accelerate construction, reduce upfront capital requirements, and bring finished homes to market more efficiently. Developer Flexibility: The 1000 and 1200 block units offer flexibility to construct below-grade basements or eliminate basements entirely, at the developer's discretion. This allows the developer to adjust construction costs, floor plans, and pricing based on market demand. Proven, Marketable Floor Plans: The most recently constructed homes feature approximately 2,400 square feet, four bedrooms, 3.5 bathrooms, and two separate living areas. These spacious, functional layouts are particularly attractive to second-home buyers, families, and vacation property investors. Established HOA & Low Operating Costs Established, Financially Stable HOA: The homeowners association is fully established and operational, with strong reserves already in place. This eliminates much of the administrative and financial burden associated with launching a new development. Professional HOA Management: Allegiant Property Management has been retained to oversee HOA operations, reducing the developer's day-to-day management responsibilities and providing continuity for homeowners. Exceptionally Low HOA Dues: Monthly HOA dues are just $150, a significant selling advantage in the mountain resort market, where carrying costs are an important consideration for buyers. Declarant Rights & Developer Control Option to Assume Declarant Rights: The buyer has the opportunity to acquire declarant rights, potentially retaining control of the HOA board and providing greater flexibility in managing the development through completion. Potential HOA Cost Savings: Subject to the governing documents and applicable law, the developer may have the ability to avoid monthly HOA assessments on developer-owned inventory, reducing carrying costs throughout the construction and sales process. Overall Investment Advantage This development offers a rare combination of construction-ready inventory, established infrastructure, flexible building options, low ownership costs, and an operational HOA. With much of the upfront development work already completed, a new developer can focus capital and resources on what matters most: building homes, bringing inventory to market, and accelerating sales and profitability.