Summit Point Condo
Silverthorne-Wildernest Real Estate
Below are condos for sale currently listed in the Summit County MLS in Summit Point Condo | Silverthorne-Wildernest. Summit Point Condo 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 Summit Point Condo subdivision is surrounded by National Forest. As a result, all residents of Summit Point Condo are just steps away from some fantastic hiking, mountain biking, cross-country skiing and snow-shoeing.
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Summit Point Condo Real Estate
Frequently Asked Questions
The Summit Point Condo 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 Summit Point Condo subdivision as well as all other neighborhoods located in Wildernest. As far as the Summit Point Condo 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. Summit Point Condo rentals, which are longer than 30 consecutive days in length, are instead considered to be a "long-term rental". And, long-term rentals in Summit Point Condo are encouraged by Summit County government, because they help provide housing to local employees. Summit County is not currently contemplating new restrictions for Summit Point Condo long-term rentals. Accordingly, when owners in Summit Point Condo 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 Summit Point Condo are permitted to short-term rent their properties, there is generally a two-part analysis.
Do the Summit Point Condo 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 Summit Point Condo that would prevent owners from short-term renting their units.
Does the local governmental authority currently allow a property owner to obtain a new Summit Point Condo 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 Summit Point Condo owners to use their units for short-term rentals. For all the latest changes to the rules and regulations that govern Summit Point Condo short-term rentals, please check out my continuously updated summary of Wildernest Short-Term Rental Rules.
Summit Point Condo homeowners' association dues include the following expenses:
- Basic cable tv
- Common area maintenance
- Common area management
- Common insurance
- Common taxes
- Snow removal
- Trash pickup
- Wi-fi internet access
- Water/sewer fees
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 Summit Point Condo, 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 Summit Point Condo!
The governing documents for the Summit Point Condo homeowners' association permit property owners to keep pets within their properties. However, the Summit Point Condo homeowners' association does not allow long-term renters or short-term renters to have pets anywhere within properties located in the subdivision.
Summit Point Condo
Silverthorne-Wildernest
Condos for Sale
(current listings displayed below by newest first)
If zero current listings were found above, it just means there are no homes in Summit Point Condo listed for sale right now in the Summit County MLS. If you'd like to sign up for free listing alerts on the right, you'll be instantly notified as soon as future listings in Summit Point Condo become available.
