Sun Valley, Idaho
Once the site for Sun Valley's Holiday Inn, the property on which Thunder Spring is being constructed boasts proximity to the resort's ski slopes (less than 2 miles away) and the town of Ketchum (1 mile away). Phase I of construction on the luxurious 12-building, 7-acre village began in January 1999 and is slated for completion by the end of summer 2000, at which time 49 condominium units will be built. Phase II is expected to start when Phase I is done and final build-out for the project is set for summer 2001, bringing the total number of condos to 67. Units are going fast-30 percent have already sold.
The property boasts great views in a rustic mountain setting. Most units will be single-story condos, but buyers will find two-level townhomes and some smaller, more affordable units, too. They range in size from 1,100 to 5,000 square feet and contain from one to four bedrooms.
Thunder Spring's buildings feature log details both on the exterior and the interior. Accents include log posts and beams, stucco walls and indigenous granite from a local quarry for the walls and flooring. All units will be equipped with in-floor radiant heat and air conditioning, and exterior walkways with snow-melt to provide sturdy footing for skiers lugging gear to and from the slopes. Other architectural elements include private balconies featuring wrought iron railings and aluminum-clad divided-light windows and doors.
The going-rate for these units isn't cheap; prices vary (depending on size and building location) from $400,000 to more than $3 million. Most units are around the $1.5 million mark. In addition to the condos, a planned 10,000-square-foot retail center with a restaurant, café and general store will be built.
PROS Owners can opt for standard luxury interior finishes or choose the "shell finish," which allows them to customize their home. Sun Valley is an ideal year-round playground and Thunder Spring offers its residents unbeatable amenities: An athletic club and fitness center, spa, indoor and outdoor pools, tennis, squash and more. Adjacent to the development is the Bigwood golf course and three other top-notch courses are nearby.
CONS One of Sun Valley's biggest downfalls is its location. Hailey's Friedman Airport is a 20-minute drive away and is only serviced by Horizon and Sky West. During ski season, just eight flights arrive daily, all of which require a connection through Salt Lake City, Utah. Also, the monthly association dues will cost an additional $400-$650.
Price The "shell price" on units ranges from approximately $400,000 to $3 million.
Time on Market 67 Thunder Spring units were available for purchase in January 1999; 46 are still for sale.
Listing Broker Tom Heinrich, McCann/Daech/ Fenton Realtors, Sun Valley, Idaho 83353; (208) 726-3317; www.mdfrealtors.com .
Thunder Spring Sales Info (208) 726-6060; www.thunderspring.com .