Can new property owners in [custom_field field="subdivision" this_post="1" limit="0" between=", " /] conduct short-term rentals?

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What expenses are covered as part of [custom_field field="subdivision" this_post="1" limit="0" between=", " /] homeowners' association dues?

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Is transfer tax owed when a [custom_field field="subdivision" this_post="1" limit="0" between=", " /] property is bought or sold?

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Are pets allowed in [custom_field field="subdivision" this_post="1" limit="0" between=", " /]?

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Forest Park
Silverthorne-Wildernest Real Estate

Below are townhomes for sale currently listed in the Summit County MLS in Forest Park Silverthorne-Wildernest. Forest Park is part of the Wildernest neighborhood. Wildernest is an unincorporated portion of Summit County, which is located just above the town of Silverthorne. As part of Wildernest, the Forest Park subdivision is surrounded by National Forest. As a result, all residents of Forest Park are just steps away from some fantastic hiking, mountain biking, cross-country skiing and snow-shoeing.

Originally constructed in 1997-1998, the Forest Park community is an upscale townhome development that is comprised of 40 units. It is located directly adjacent to national forest and along the free Summit Stage bus route. Many of the townhomes in the Forest Park complex therefore include fabulous views of Buffalo Mountain and the Tenmile Range. Each of the individual Forest Park townhomes fits into one of only two different floor plans:

2 bedrooms & 3 Baths - 1376 square feet
3 bedrooms & 4 Baths - 1755 square feet

Because of the contemporary interiors, great views and nearby forest access, the Forest Park complex presents a great opportunity for primary residents or second homeowners as well as tremendous long-term and short-term rental potential. The Forest Park Condo Homeowners Association is complex is currently managed by Red Mountain Community Management, who provide a variety of services to the HOA that range from managing financials to providing upkeep to the common areas across the complex. The HOA board of directors for Forest Park meets several times of year. And, all Forest Park HOA members meet on an annual basis usually during the winter at the beginning of the year.

Forest Park Real Estate
Frequently Asked Questions

Can new property owners in Forest Park conduct short-term rentals?

The Forest Park subdivision is part of the Wildernest neighborhood, which in turn is located in unincorporated Summit County. Accordingly, the Summit County Board of County Commissioners sets the short-term rental rules that govern the Forest Park subdivision as well as all other neighborhoods located in Wildernest. As far as the Forest Park subdivision is concerned, Summit County defines a "short-term rental" as any residential dwelling unit or room therein that is rented for periods of less than 30 consecutive days. Forest Park rentals, which are longer than 30 consecutive days in length, are instead considered to be a "long-term rental". And, long-term rentals in Forest Park are encouraged by Summit County government, because they help provide housing to local employees. Summit County is not currently contemplating new restrictions for Forest Park long-term rentals. Accordingly, when owners in Forest Park seek to long-term rent their properties (or any part thereof) for more than thirty consecutive days, they need not be concerned with new STR rules or obtaining a STR license.

To determine whether owners in Forest Park are permitted to short-term rent their properties, there is generally a two-part analysis.

Do the Forest Park homeowners' association and governing documents allow owners to short-term rent?

Yes. There is no provision in the bylaws, covenants or other governing documents for Forest Park that would prevent owners from short-term renting their units.

Does the local governmental authority currently allow a property owner to obtain a new Forest Park short-term rental license?

Over the past several years, the Summit County Board of County Commissioners have enacted a variety of different short-term rental regulations that potentially affect the ability of Forest Park owners to use their units for short-term rentals. For all the latest changes to the rules and regulations that govern Forest Park short-term rentals, please check out my continuously updated summary of Wildernest Short-Term Rental Rules.

What expenses are covered as part of Forest Park homeowners' association dues?

Is transfer tax owed when a Forest Park property is bought or sold?

A real estate transfer tax is a payment to a governmental entity, which is sometimes made when a real estate transaction occurs. Real estate transfer tax is generally calculated as a small percentage of the total purchase price agreed on by the parties to a real estate transaction. Typically, we find in Summit County that the percentage is either 0%, 1%, 1,5% or 2% of the gross purchase price in section 4 of the the standard real estate contract. In Summit County, transfer tax funds help to pay for a variety of different community improvements. Whether the buyer or seller pays transfer tax is negotiable as part of each real estate transaction.

In Forest Park, there is 0% transfer tax. That means neither seller nor buyer will have to potentially pay transfer tax as part of a property sale in Forest Park!

Are pets allowed in Forest Park?

Forest Park
Silverthorne-Wildernest
Homes for Sale

(current listings displayed below by newest first)

Property listing data provided by Summit County multiple listing service. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. The sale offering is made subject to errors, omissions, change of price, prior sale or withdrawal without notice.

Listing Data last updated: 30th November, 2023 04:00 MST

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