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Affordable Housing & Deed Restrictions in Summit County, Colorado

 

The properties below are those which are currently on the market and have some sort of deed restriction in place. 

 

Summit County is a resort community in which average single family home prices are out of reach for many people who work in the community. Affordable housing (defined by national standards is housing that takes no more than 30% of a household’s monthly gross income) is a necessity for the local workforce, yet it’s hard to come by in Summit County.

 

In order to retain families and preserve a genuine community feel in these expensive resort communities, it’s essential to make it possible for locals to live in the community they work in. Supporting the local workforce is essential to the success of businesses and help contribute to the overall high-quality experience for visitors. Finding an affordable house for sale in Summit County Colorado is important to our local families. Non deed restricted homes for sale are often out of reach for many.

 

One way that location organizations and developers have worked together to create more affordable housing units for individuals and families who work in the community is through deed restricted units and deed restricted neighborhoods. 

 

What is a deed restriction?

Deed restrictions are stipulations written into a property’s deed or recorded as a restrictive covenant that outlines conditions and/or restrictions for the property. They are private agreements, listed in the deed itself, that restrict the use of the real estate property in some specific way. Deed restricted houses for sale in Summit County - and any affordable housing units, are in high demand and tend to go very quickly. If you qualify for a deed restricted property, Contact me to be notified as soon as a property that meets your needs hits the market. 

 

In Summit County, many deed restrictions are designed to further the goals of affordable housing and workforce housing. They may include any of the following, all of the following, or a combination of the following: 

 

**NOTE- All Deed Restrictions are Different. If you have any questions regarding your deed restriction, contact the Housing Department. 

  • The deed-restricted property must be the owner’s primary residence. And/Or
  • At least one member of the household must be employed in Summit County for 30 hours or more per week. And/Or
  • The total household income must be at or below a certain percentage of the Area Median Income (AMI).
  • Visit Summit County Housing & Community Development page for more information.

 

Deed Restrictions by Basin

Deed Restrictions for various projects are listed on here. 

 

In order to keep prices low for many years, deed restricted properties often have limitations on the dollar amount of capital improvements that can be added to the sales prices, and they often have appreciation caps, as well. 

 

The Summit Combined Housing Authority is a great resource for affordable housing. Here you can learn about lending, renting, down payment assistance and other educational opportunities for homebuyers. 

Newest Deed Restricted Property Listings

396 Cove  Boulevard Unit 16, Dillon image
396 Cove Boulevard Unit 16, Dillon $459,000

This 1bd/1ba unit is perfect for a local or long term rental investment located in the Summit Cove neighborhood. Just minutes from Keystone Resort, A-Basin and walking di...

  • 1 Beds
  • 1 Baths
  • S1041115 MLS
100 Basecamp  Way Unit R209, Frisco image
100 Basecamp Way Unit R209, Frisco — Basecamp Shops $535,000

Wake up to views of Grays & Torreys peaks from modern luxury right in the heart of Frisco. Do it all without a car; mountain bike and hiking trails, bike to Main Street o...

  • 1 Beds
  • 1 Baths
  • S1041118 MLS
  • Basecamp Shops Bldg.
26 Lantern  Alley Unit 26, Silverthorne image
26 Lantern Alley Unit 26, Silverthorne $430,537

Local Deed-Restricted Townhome with Garage! Please apply to SCHA. Application deadline will be Saturday, June 10th at Noon. Silverthorne priority for 1st lottery. Lottery...

  • 3 Beds
  • 3 Baths
  • S1041062 MLS
311 S High  Street Unit 201, Breckenridge image
311 S High Street Unit 201, Breckenridge $530,000

Deed restricted condo in an incredible Breckenridge location. This top floor, end unit is in original condition and is just waiting for your personal design touches. The ...

  • 2 Beds
  • 1 Baths
  • S1040963 MLS
34 Lantern Aly, Silverthorne image
34 Lantern Aly, Silverthorne $362,671

Deed restricted unit at Smith Ranch, 2 bedroom 2.5 bath townhome. Well maintained unit! Features include stainless steel appliances, granite countertops, in-floor radiant...

  • 2 Beds
  • 3 Baths
  • S1040910 MLS
1915 Airport  Road Unit 207, Breckenridge image
1915 Airport Road Unit 207, Breckenridge — Sky Park $375,000

Incredible N. Breck Airport Rd location! End Unit. Large East facing private balcony. Sky Park is located toward the North end of Airport Rd next to the famous Breckenrid...

  • 1 Beds
  • 1 Baths
  • S1040861 MLS
  • Sky Park Bldg.
33 Filly  Lane, Silverthorne image
33 Filly Lane, Silverthorne $455,142

Come home to this 3 bedroom duplex in Smith Ranch! Features include stainless steel appliances, granite countertops, updated backsplashes, and hardwood floors. Custom Ext...

  • 3 Beds
  • 3 Baths
  • S1040821 MLS
980 Lakepoint  Drive Unit 3, Frisco image
980 Lakepoint Drive Unit 3, Frisco $375,000

This Towers at Lakepoint deed-restricted condo has no appreciation cap! The owner must work 30 hrs in the county or rent to someone who does! Walk 100 yards to Lake Dill...

  • 1 Beds
  • 1 Baths
  • S1040706 MLS
1001 Grandview  Drive Unit 3, Breckenridge image
1001 Grandview Drive Unit 3, Breckenridge $525,000 ▼

Ski/walk home from the 4 O'Clock Ski Run. Open living, with gas fireplace, laundry room with washer/dryer and a walk-out patio to enjoy morning coffee or beautiful sunset...

  • 2 Beds
  • 2 Baths
  • S1040046 MLS
206 N Main  Street Unit 206, Breckenridge image
206 N Main Street Unit 206, Breckenridge $5,900,000

Great opportunity to own a restaurant in the heart of Breckenridge on Main Street ! Sale includes the Real Estate. A four Bedroom three Bath Condo (Deed Restricted) above...

  • S1039454 MLS
324 N Main N Street Unit 4, Breckenridge image
324 N Main N Street Unit 4, Breckenridge $899,000

Investment Opportunity with +/- 5.75% CAP Rate on Main St in Breckenridge. Commercial/Residential Mix. 1008 Sq ft of commercial space on the lower level with a 480 Sq ft...

  • S1039297 MLS
314 Cr 452, Breckenridge image
314 Cr 452, Breckenridge $995,000 ▼

Enjoy some of the best views in Breckenridge with a great location just above town on a quiet street. Expansive views of 10 Mile Range! This property has two dwellings....

  • 4 Beds
  • 2 Baths
  • S1038905 MLS
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