Meadow Ridge Condominiums Perched Above Historic Fraser Offer Prime Location, Club House Amenities, Value, and Income Potential
One of the largest and most well-established condominium complexes in the Winter Park area, Meadow Ridge sits atop the hill on the east side of Highway 40 above Safeway in Fraser. Boasting panoramic views of the Continental Divide and a prime location readily accessible to public transit, it's easy to see why these units continue to be in such high demand. The complex is comprised of 33 "courts" (buildings) offering one, two, and three-bedroom units with both townhome and condo configurations, many of which offer views, private decks, and private ski lockers and several with single-car garages.
Originally developed in the early 1970s, units in the complex run the spectrum in terms of updates. Some have been completely renovated with modern appliances and finishes while others are a blast from the past that hearken back to the glory days of the seventies ski town (an opportunity to update and make it your own!). Renovated or not, these properties hold their value and draw in potential buyers with location, amenities, and ease of use that make it easy to feel at home (or home away from home)!
HOMEOWNERS ASSOCIATION FEES, PERKS + REGULATIONS
A turnkey condo with exterior maintenance, landscaping, snow removal, trash, water, sewer, heat, cable, and internet covered by HOA fees and ready to enjoy? Sold! The Meadow Ridge HOA takes plenty off your plate in terms of property ownership so that you can spend your time taking advantage of all the mountains have to offer. Since the HOA covers covers a majority of utilities and maintenance costs, it's easy to budget for your monthly expenses. Fees vary but typically run around $500 per month.
HOA regulations allow for nightly rentals. And, like any shared space, they dictate the use of exterior space in order to maintain consistency throughout the complex. Guidelines prevent construction of fences or hedges, additions of hot tubs on personal patios, and the construction of any exterior addition.
CLUB MEADOW RIDGE
The Meadow Ridge clubhouse is one of the biggest perks of owning a unit in the complex. Access to Club Meadow Ridge is complimentary for homeowners and their guests. Two outdoor hot tubs and a heated outdoor swimming pool, outdoor tennis and pickle ball courts, indoor racquetball and basketball courts, a fitness room with weights and cardio equipment, a sauna, meeting rooms, and more are centrally located in the neighborhood. It's easy to walk or bike over, grab a towel from the front desk, and enjoy a few hours at the clubhouse between your mountain adventures. Club Meadow Ridge is also a big draw for short-term renters should you choose to capitalize on the income potential of your Meadow Ridge property!
SHORT-TERM RENTALS
Units in Meadow Ridge have a proven track record of successful and lucrative nightly rentals. If you're interested in having your mountain home pay for itself through short-term rentals, a place in Meadow Ridge is a prime option for your real estate investment.
FINANCING
Considering investing in a Meadow Ridge property? It's important to keep in mind that Meadow Ridge condos require a non-conforming loan. As a condominium complex with a high percentage of short-term rentals, it does not meet the requirements for conventional loans; as of right now, portfolio loans are required. But don't worry - we partner with lenders who specialize in financing properties in Meadow Ridge. Contact us, and and we'll get you connected with a trusted and experienced mortgage consultant who can walk you through the ins and outs of non-conforming loans!
READY FOR THE RIDGE?
If a condo in Meadow Ridge checks your boxes for your home in the mountains, we'd love to answer any questions you have, take you on a tour of the neighborhood, and check out current listings. We'll learn about your goals and set you up with listing alerts so you can be in the know as soon as a Meadow Ridge property hits the market. We look forward to connecting and sharing this place we love with you!
Posted by Angela McDonough (Sandstrom) on
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