Ted Steers is now on his second round of sales at the relatively new Altus Collection in Vail Village, and since he helped sell out the first 15 deed-restricted luxury units in 2024 and 2025, hundreds of other units have come online in the same real estate space.
But Steers points out some very key differences between the three two-bedroom Altus units that have recently become available and the deed-restricted homes on the other side of the highway.
“If I was going to itemize a few things to make this different than other deed-restricted (homes in Vail), it would be that it’s a steel-and-glass building as opposed to a wood frame,” Steers said. “It’s got air conditioning, heated underground parking, and it’s amenity-rich. There’s a common hot tub on the site. A firepit. There’s a beautiful lobby that everyone can use. And then there’s all the amenities of the Gravity Haus, which is right there.”
That’s right, access to nearby Gravity Haus is part of the package.
“Having that included in your HOA dues makes it a little different, say, than Timber Ridge Village, which has added a lot of volume to the deed-restricted pool, but Altus has become more attractive to those looking for a little bit more of a discerning lifestyle,” Steers said. “A resident who’s looking for more of a lifestyle location. You’re on the other side of the highway. You’re literally steps from everything that makes Vail Vail.”
Support Local Journalism
Donate
Located between the Tyrolean and Apollo Park, residents of Altus Vail are about 40 yards away from the pedestrian path and Gore Creek. If they take a left, they’re at Ford Park and Gerald R. Ford Amphitheater, and if they take a right, they’re in Vail Village.
Of the current residents of the Altus Collection, Steers estimates 40% are medical professionals, another 30% to 40% are local business owners (both retail and restaurants), and then 20% or so are investors who lease their units out long-term to qualified individuals. While no short-term rentals are allowed, owners can long-term rent their units out as long as one of the primary residents qualifies with the town of Vail by doing 75% of their work in Eagle County.
There’s also no appreciation cap on the homes for resale purposes. Steers said the three two-bedroom units are now available because of job changes and relocation. They range in price from $1.4 million to $1.8 million, and two of the units come with two parking spaces, while a third has just one space, although Altus is obviously situated very near one of the most extensive free, public bus systems in the country, not to mention other forms of car sharing and car services.
“So whether you’re a two-adult family or a one, you’re literally steps from all sorts of transportation,” Steers said. “Overflow parking is abundantly available at the Vail Village Parking Structure when you buy your locals pass. And when people are downsizing their houses, some people are downsizing their transportation imprint as well.”
Steers adds he’s talked to plenty of people throughout the Eagle River Valley who may have started out living in Vail in the 90s, moved “down valley” to raise kids, and aren’t ready to give up on their ski-town lifestyle.
“It’s not ski-bum housing; it is long-term professionals,” Steer said of Altus. “(It might be right) for those who are still working in the community but have already raised their families and they’re selling their houses in Eagle Ranch and Singletree to relive or reinvigorate their Vail lifestyle by moving into the village for their last five or 10 years of work.”
If that sounds like you, call Ted Steers at 970-331-4995 or email him at Ted@luxvail.com.
