Investment Real Estate & Homes Breckenridge Colorado
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Approximately 85 miles west of Denver, Breckenridge is a community of approximately 2,500 permanent residents, tucked in a valley that culminates on the south end at Hoosier Pass on the Continental Divide. The 12-13,000 foot mountains line either side of the valley; those to the west are where the Breckenridge Ski Area, one of the most popular ski resorts in North America, is located.
Some say that problem with all the new construction is that it is possible that some of the old-fashioned, down-home historical charm and character of the town could disappear. But, modern building codes and guidelines have been instituted to keep this loss to a minimum. So, I think the old Victorian town will still be just as charming for generations to come.
Over 60% of the homes in Breckenridge are second homes for owners who live elsewhere for most of the year, many of whom plan to retire to Breckenridge at some point. Quite a few of these homes are available to be rented on a short-term basis for people vacationing in Breckenridge. For many, this is an opportunity for investment, and at least allows those who own second homes to cover some or all of their costs with rental income.
Originally, the town of Breckenridge was not a town for skiing. In contrast to the majority of ski areas which are towns that were developed as ski resorts, Breckenridge started out in the mid-1800's as a Victorian mining town. There were three dance halls and 18 saloons on Main Street by 1880. The town was prosperous until the early 1940's due to gold and silver mining, but then Breckenridge fell victim to a 'post boom' recession and the population decreased.
The era of "White Gold", which is a reference to the snow, started in 1961 when the Breckenridge Ski Area opened for business. It became possible to travel to Denver on Interstate 70 in about 90 minutes in 1973 when the Eisenhower Tunnel was built through the Continental Divide.
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