In the quaint little Bavarian themed town of Leavenworth, we finally have some new condos which fill the needs that condo buyers have been asking for:
* Luxurious condos with a great downtown location
* The best unobstructed mountain and river views
* Investment/income potential with nightly rentals
* Many upgrades with granite, tile, fireplaces, and private balconies
Located across from the popular Gustav’s Restaurant, the 9 residential condo/ 3 business condo project is almost complete. An upscale clothing store, a very popular local wine tasting room, and of course a coffee kiosk occupy the street level. Three of the residential condos are reserved and 6 are still available ranging in price from $499,000 to $725,625.
A confluence of factors is still spurring second-home sales. Many buyers have disposable funds from inheritances and successful businesses and they prefer to invest in real estate over the volatile stock market. Continued low interest rates and an aging boomer population ready to spend more time in leisure activities are also putting second homes near the top of many wish lists.
Unlike Suncadia near Ellensburg, Leavenworth boosts a big variety of recreational opportunities. Snow skiing, river rafting, world class mountain climbing, biking, beautiful hiking trails, snowmobiling, golf, theater, arts, and many other opportunities can be found on our Chamber web site: leavenworth.org
Our warmer and sunnier weather also make Leavenworth the better location. A beautiful 2 hour drive from Seattle ensures your valuable investment will appeal to a wider audience. Your best bet as an investor is to buy where people want to be. This is the reason Leavenworth is so popular among the Seattle buyers.
Although the most popular reason for buying a vacation house last year was for a personal or family retreat, a close second is retirement home is investment value.
Fifty-seven percent of second-home investment buyers want the ability to rent out their properties when they are not enjoying it. Renting a home when you are not using it can cover homeowners’ dues, property taxes, and even a part of the mortgage. The on-site management company will take care of rentals, housekeeping and then send you a check at the end of the month! Renting a home for more than 14 days a year also allows owners to deduct expenses such as taxes, repairs, and depreciation for the time the property was rented. Another added plus, is that if a condo owner needs to sell, a 1031 Tax Exchange is a great way to take the tax bite out of capital gains.
Please take the time to tour our newest addition to Leavenworth the next time you visit.
It’s the super sized version of the American dream – if one house is good, two or three must be better.
-Stephanie Cuthill – Realtor at Prudential Mike West Real Estate, Leavenworth, WA
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