Ginn Annexation to Minturn Drives Lot prices up in Minturn

As Bobby Ginn celebrates his victory in gaining the approval of Minturn voters to annex his new ski resort into the Town of Minturn, locals celebrate too.? Bobby Ginn's promise to provide money for bike trails, school, library, community center and other ammenities to the Town of Minturn has caused the value of?Minturn resident's property to jump?in price to almost unheard of values per square foot.?

City lots, 25 feet wide, are over $500,000 and the lots on the outskirts of town, if they can be found, have similar value if they have views of the?river, Lionshead, or the national forest.?

Currently there are a few commercial lots along the river as you enter the Town of Minturn, going for about?$950,000 to $1,739,000.? There are a few small residential lots with scraper homes on them, average size is about 5,000 square feet, or?.12 acres?for $450,000 on the outskirts of town, but within walking distance to restaurants.?Often you can build a duplex on a very small lot and maximize an investment.? There are a few hidden gems around, however, sellers realize now that it is like cash in the bank.

If you are up to the challenge to remodel a 1838 centruy home with mixed use zoning, near the center of town, you can purchase this home on .13 acres for $745,000, or just start over with a new structure as the town grows.

For information on these and several other properties available in Minturn that are not currently listed, but for sale, contact Teri Lester, Eco-Broker 970-376-0779 or tlester@gatewayland.com