Main Street Station Condos – Recent Sales

By
Real Estate Agent with Christie's International Real Estate - Summit Colorado

Main Street Station Condos are ski in ski out condos for sale in Breckenridge.  Located at the base of Peak 9 of the Breckenridge Ski Resort and on Breckenridge’s Main Street the location is perfect for those who like to ski but also want to enjoy shopping and dining in Breckenridge.  Built in 2000, Main Street Station Condo has a total of 82 residential units comprised of 9 – studios, 38 – 1 bedrooms, 23 – 2 bedrooms, 8 – 3 bedrooms and 4 – 4 bedroom condos ranging in size from 355 – 1957 square feet.

Each condo is professionally decorated with granite in the kitchens and bathrooms, decks that feature ski area, main street or mountain views, gas fireplaces and underground parking. While enjoying your stay at Main Street Station Condo in Breckenridge, Colorado take in all the amenities including an indoor/outdoor heated swimming pool with panoramic views of the Breckenridge Ski Resort, 6 hot tubs, fitness center with eucalyptus steam room, private 25-seat movie theater (must be reserved), pioneer club to relax by the fire and enjoy a cocktail, 24-hour front desk and bell service and an onsite concierge.

If you are an owner of a Main Street Station Condo, you are in luck. Main Street Station is one of eight complexes (963 individual units excluding timeshare units) in all of Breckenridge that is exempt from the Short-Term Rental cap that was put into place in September of 2021. The Short-Term Rental cap is an ordinance that caps the short term rental licenses in Breckenridge to 2,200 licenses. Currently there are 3,300 licenses in Breckenridge. The town hopes to decrease the licenses through attrition. For a property to be exempt from the ordinance, the complex must have a front desk, 24 hour security, and a phone system to the individual units. The good news is Main Street Station is exempt and you can obtain a rental license upon purchase. View all of the new Breckenridge short-term rental regulations by visiting the Town of Breckenridge website. 

In the past 365 days, there have been 14 Main Street Station Condo sales including three studios, four 1-bedroom , and seven 2-bedoom sales.

Main Street Station Studio Sales (3):

Sold Date List Price Sold Price Price/SF Beds Baths SF DOM
5/28/2021 $475,000 $469,000 $1,010.78 0 1 464 49
7/16/2021 $480,000 $480,000 $1,352.11 0 1 355 151
11/12/2021 $525,000 $520,000 $1,111.11 0 1 468 13

The studio sales’ price per square foot ranged from $1,010.78 to $1,352.11 with an average sold price per square foot of $1,158. The average days on market was 71 days.

Main Street Station 1-Bedroom Sales (4):

Sold Date List Price Sold Price Price/SF Beds Baths  SF DOM
5/27/2021 $865,000 $870,000 $889.57 1 2 978 10
6/22/2021 $695,000 $740,000 $1,074.02 1 1 689 1
9/3/2021 $695,000 $695,000 $972.03 1 1 715 31
9/24/2021 $695,000 $720,000 $1,035.97 1 1 695 25

1 Bedroom sales sold for an average of $1,027.34/sf while the average days on market were just 19 days.

Main Street Station 2-Bedroom Sales (7):

Sold Date List Price Sold Price Price/SF Beds  Baths SF DOM
1/14/2021 $1,120,000 $1,100,000 $841.62 2 2.5 1,307 25
3/18/2021 $925,000 $899,000 $840.19 2 2 1,070 97
4/6/2021 $915,000 $888,888 $907.96 2 2 979 269
5/4/2021 $1,200,000 $1,150,000 $853.12 2 3 1,348 10
5/28/2021 $1,199,000 $1,199,000 $974.00 2 2 1,231 1
9/10/2021 $998,000 $1,005,000 $1,051.26 2 2 956 1
11/10/2021 $1,200,000 $1,150,000 $1,229.95 2 2 935 19

The seven 2-bedroom sales averaged $1,085.07/sf ranging from $841.62/sf in January to $1,229.95/sf in November which yields an increase of 46% over 11 months. The average days on market was just 7 days.

When considering Breckenridge Real Estate, Main Street Station is a condo complex not to be overlooked. If you are an owner of a Main Street Station Condo and would like a market analysis for your individual unit or if you would like a private showing of the condos currently for sale in Main Street Station or other properties for sale in Breckenridge CO Real contact Brett Rudolph with Christie’s International Real Estate.

Data Source:  Summit Realtors MLS

Comments (2)

Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Being exempt from the short-term rental issue allows a person to buy as an investment and rent it out for some additional revenue.

Dec 30, 2021 02:34 PM
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Hi Krystal,

Thank you for sharing the real estate information. 

Buyers and sellers in your area will benefit from your expertise. 

Wishing you continued success.

Bob

Dec 30, 2021 11:17 PM