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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Laredo Lofts
Silverthorne-Wildernest Real Estate

Below are condos for sale currently listed in the Summit County MLS in Laredo Lofts | Silverthorne-Wildernest. Laredo Lofts 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 Laredo Lofts subdivision is surrounded by National Forest. As a result, all residents of Laredo Lofts are just steps away from some fantastic hiking, mountain biking, cross-country skiing and snow-shoeing.

Originally constructed from 2006 to 2008, there are 10 townhomes in the Laredo Lofts community. Laredo Lofts is conveniently located along the free Summit Stage bus route. In terms of interior layout, each of the townhomes in the Laredo Lofts community fits into one of roughly 2 different floor plans:

3 Bedrooms & 4 Baths - 2711 square feet
3 Bedrooms & 5 Baths - 2615 square feet

Some of the units feature lofts that are included as part of the overall bedroom count.

Interior amenities for Laredo Lofts townhomes often include multi-levels, vaulted ceilings, a jetted tub in the master bedroom, and a gas fireplace. Throughout Laredo Lofts townhomes, water heating as well as radiant heating are provided by natural gas. The interior flooring typically includes tile, wood and wall-to-wall carpet. Laredo Lofts is currently managed by Red Mountain Community Management, which hosts the website for the Laredo Lofts Homeowners' Association. Situated near the bottom of Wildernest, the Laredo Lofts community provides easy access to local ski resorts, nearby hiking trails and all of the other other mountain activities that Summit County has to offer.

Laredo Lofts Real Estate
Frequently Asked Questions

Can new property owners in Laredo Lofts conduct short-term rentals?

The Laredo Lofts 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 Laredo Lofts subdivision as well as all other neighborhoods located in Wildernest. As far as the Laredo Lofts 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. Laredo Lofts rentals, which are longer than 30 consecutive days in length, are instead considered to be a "long-term rental". And, long-term rentals in Laredo Lofts are encouraged by Summit County government, because they help provide housing to local employees. Summit County is not currently contemplating new restrictions for Laredo Lofts long-term rentals. Accordingly, when owners in Laredo Lofts 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 Laredo Lofts are permitted to short-term rent their properties, there is generally a two-part analysis.

Do the Laredo Lofts 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 Laredo Lofts that would prevent owners from short-term renting their units.

Does the local governmental authority currently allow a property owner to obtain a new Laredo Lofts 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 Laredo Lofts owners to use their units for short-term rentals. For all the latest changes to the rules and regulations that govern Laredo Lofts short-term rentals, please check out my continuously updated summary of Wildernest Short-Term Rental Rules.

What expenses are covered as part of Laredo Lofts homeowners' association dues?

Is transfer tax owed when a Laredo Lofts 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 Laredo Lofts, 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 Laredo Lofts!

Are pets allowed in Laredo Lofts?

Laredo Lofts
Silverthorne-Wildernest
Condos 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: 1st December, 2023 03:00 MST

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