Belden Place
A Comprehensive New Neighborhood
Click on Unit Number to See Floor Plans and Elevations.
The unit information pages are still being finessed and are subject to change.
The Residences of Belden Place
Consisting of Single-family, duplex units, tri-plex units, stacked flats, and townhomes, Belden Place has something for everybody! With a central park space at its center and the Eagle River and open space next door, Belden Place is Minturn's newest neighborhood in decades!
This neighborhood also has opportunities for attainable living, with four (4) homes purchase price-limited at 200% AMI, and 20 units reserved for full-time residents. The remaining units are market units without restriction. Like we've mentioned before, we have something for everybody!
Important Things to Know:
Belden Place is a market-rate neighborhood, with lots valued much the same as others within the Town of Minturn. We are contractors, and all lots will have homes built by the Belden Place team; vacant lots are not available for purchase at this time. All homes are "market-rate" homes, and they should be distinguished from what is considered affordable housing - a term heard frequently in our valley. Affordable housing is housing available at rents and prices below the market rate, and often, these homes are supported by funding partnerships, grants, or programs provided by governments to offset development costs.
Belden Place will be 100% responsible for installing all-new water, wastewater, and other utility lines (materials/infrastructure), as well as constructing our road. We will also be constructing the neighborhood park, and supplying and installing all of the landscaping.
Reservations made do not guarantee the availability of the desired residence.
Development and residence details are subject to change.
Even though we are market-rate, several of the units are special in that they have certain nuances applied to them that may affect buying and selling of the units.
Some of the units have UNIT DETAILS. What does this mean?
Unit Detail A:
200% AMI Initial Sales Price Limitation
Four (4) Units are required to have initial sales prices no greater than what someone at 200% AMI can afford.
The residences with a 200% AMI restriction have already been calculated and this is reflected in the offering prices.
Once the unit has been purchased, the restiction is no longer applied and the residence is treated like any home on the free market.
Unit Detail B:
Resident Occupied Units
Resident Occupied Units or RO units are required to be occupied by a full-time resident. It may be the owner or a tenant, but they must live there fulltime or at least 9-months of the year to qualify, in addition in meeting buyer qualifications.
This restriction affects 50% of the residences and runs with the properties in perpetuity. This means it cannot be removed. The purpose of this restriction is to prevent the residence to be used as a "second home" or a short-term rental.
This restriction does not affect market pricing; however, it is limited to qualified buyers.
Priority Sales Buyout Fee
Buying and Selling of properties:
Within the first 30 days of units being offered for sale, sales are limited to Minturn Residents who are qualified buyers. After 30 days and up to 60 days of a unit being placed on the market sales are limited to Minturn and Eagle County qualified buyers.
If non-Eagle County Residents desire to purchase within the first 30 days they must pay a buyout fee equal to a 4% of the final purchase price to the Town of Minturn at closing.
If Eagle County buyers desire to purchase within the first 30 days they must pay a buyout fee equal to a 3% of the final purchase price to the Town of Minturn at closing.
If non-Eagle County Residents desire to purchase within the second 30 day period they must pay a buyout fee equal to a 3% of the final purchase price to the Town of Minturn at closing.
After 60 days sales are open to any buyer, for any residence that is not limited to qualified buyers.