In some Colorado ski resort towns and downtown Denver, parking spots are becoming a sought-after and expensive real estate item. In cities like Aspen and Snowmass, parking spots are listed for hundreds of thousands of dollars, offering convenience and security in crowded areas. The priciest spots are typically in condominium or mixed-use buildings with ski access in mountain resort towns where housing costs are high. In Telluride Ski Resort’s Mountain Village, the Madeline Hotel offers a $250,000 lifetime membership that includes a parking spot, among other benefits.
Real estate prices in these areas are breaking records, with homes in Aspen selling for over $100 million. In Beaver Creek, a parking space with ski-in ski-out access sold for $250,000. Denver is also seeing a rise in exclusive parking with spots listed for $15,000. These listings usually include annual HOA fees and taxes.
While parking spots may not appreciate in value, they offer convenience and luxury amenities in prime locations. Despite the hefty price tags, these parking spaces are in demand for those looking for easy access to popular spots. Whether it’s in a ski resort town or downtown Denver, the real estate market is proving that a parking spot can be just as valuable as a home.
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