Tribune Print Share Text

Carefree living

Hot real estate market and cool retirement lifestyle excites priority list members

Created date

July 20th, 2018
The courtyard in the master plan for Prospect Crossing will have a pickleball court, bocce ball court, and outdoor amphitheater.

The courtyard in the master plan for Prospect Crossing will have a pickleball court, bocce ball court, and outdoor amphitheater.

Anticipation for Wind Crest’s newest residence building, Prospect Crossing, is rising. And not just because the addition will bring 111 new apartment homes in a variety of the most popular floor plans, including five brand new designs, to the nearly sold-out Highlands Ranch, Colo., community.

“A lot of people who are moving to Prospect Crossing when it opens next spring are really looking forward to the lifestyle,” says Sales Counselor Molly Thorne.

Amenity-rich, vibrant living

With a pickleball court, bocce ball court, and outdoor amphitheater built into the master plan for Wind Crest’s Colorado neighborhood where Prospect Crossing will be located, “There is so much more to the active lifestyle than they were able to access in their homes,” Thorne says.

This new construction will connect to The High Line Overlook neighborhood, which houses four restaurants, two fitness centers, the 250-seat Arts and Enrichment Center, and a large patio overlooking the High Line Canal and the Front Range.

“People are really excited about being able to continue being as active—or maybe even more so—than they are now, living in a house,” Thorne says.

What’s more, she adds, priority list members who have already reserved an apartment home in Prospect Crossing have been able to attend events where they can meet their new neighbors—and that has been the icing on the cake for many.

“People are most excited when they have met their new neighbors for the first time, realizing that they are like-minded, that they are younger than they thought they would be, or that they worked at the same company. It’s turned into a small world for many people,” she says.

Priority list members are the first to know of new construction, as was the case when Wind Crest announced Prospect Crossing earlier this year. They also have the first opportunity to reserve apartments in a new building, receive invitations to exclusive events, and have access to Personal Moving Consultant Beth Brandenburg.

Each Erickson Living community has its own personal moving consultant who provides complimentary coordination of all realty and moving needs, including downsizing, home staging, packing, and selection of a real estate professional.

People who use Brandenburg’s services typically sell their house faster and for a higher price than those who don’t, which has been especially beneficial in the current real estate market. As of June, Denver had the fourth top-performing real estate market in the country.

“Priority list members have been taking advantage of the hot real estate market to sell their houses for a great price, offload homeowner responsibilities, and move into brand new maintenance-free apartment homes at Wind Crest,” says Sales Counselor Tony Stephenson.

Ben Miller of the Denver Business Journal writes, “The Denver-area housing market will appreciate more than any other market in the U.S. outside of Washington state in the next year, according to a new report.”

In the same article he quotes Anthony Rael, a Denver-based broker with Re/Max Alliance:

“The greater Denver real estate market continues its fifth consecutive year of near double-digit appreciation. In fact, the average detached single-family home price just topped the half-million-dollar mark for the first time on record and is being fueled by an insatiable demand for $1 million-plus luxury homes that continues to set records each quarter,” Rael says.

The average sold price of a single-family home in the Denver metro area came in at $502,986 in February 2018. At the same time a year before, that number was 11.78% lower.

So, what does $500,000 get you in the Denver metro area? Of the homes that sold in February 2018, the median single-family home was built in 1985, had 1,730 square feet, and had four bedrooms and three bathrooms. The median condo was built in 1996, at 1,200 square feet, and had two bedrooms and two bathrooms.

What does $500,000 get you at Wind Crest?

A brand-new two-bedroom, two-bath Peyton floor plan (pictured below) in the upcoming Prospect Crossing comes in at 1,352 square feet with a patio at under $500,000.

A brand-new two-bedroom, two-bath Stratford floor plan gives you a bit more space with a den and a balcony, coming in at 1,402 square feet and right around $500,000 depending on selections.

And at 1,467 square feet and under $500,000, the two-bedroom, two-bath Somerton floor plan provides an even larger option with den and balcony.

The prices quoted for these floor plans are for brand new construction in Prospect Crossing. Just like all apartment homes at Wind Crest, the onetime entrance deposit is 90% refundable to you or your heirs. All the details are included in the Residence and Care Agreement.

One check each month covers most day-to-day expenses, including apartment home maintenance, property taxes, heating and air-conditioning, trash and recycling collection at your door, dining plans and options, basic cable TV, regularly scheduled transportation, and 24-hour security team trained in first response, plus access to a wealth of campus amenities.

“It’s hard to predict what the Denver housing market will do next or when the bubble will burst, but right now,” Thorne says, “it’s a great opportunity to trade homeowner responsibilities for a maintenance-free, active retirement at Wind Crest.”

Comments