Discover the Charm of Heron Lake, Colorado: A Haven for Homebuyers and Golf Enthusiasts Welcome to Heron Lake, Colorado, a picturesque community nestled in the heart of nature's splendor. This hidden gem is rapidly becoming a sought-after destination for those seeking a serene lifestyle coupled with luxury amenities. Whether you're a potential homebuyer, a golf aficionado, or someone who appreciates fine dining, Heron Lake has something special to offer. Let's explore what makes this community a top choice for many. A Real Estate Paradise Heron Lake is not just a place; it's a lifestyle. The real estate market here is flourishing, thanks to the visionary developers who have skillfully blended modern living with the area's natural beauty. The community boasts a range of properties, from cozy single-family homes to lavish estates, all designed to provide residents with comfort and elegance. Why Choose Heron Lake? Scenic Views: Each home in Heron Lake offers breathtaking views of the surrounding landscapes, ensuring a tranquil environment for you and your family. Modern Amenities: Expect state-of-the-art facilities in each property, from gourmet kitchens to smart home technologies. Community Living: Heron Lake fosters a strong sense of community, with neighborhood events and activities that bring residents together. Looking for your dream home in Heron Lake? Explore available listings here: CLICK HERE TO: Search Active Home Listing at Heron Lakes Community The Center Stage Restaurant: A Culinary Delight At the heart of Heron Lake is the Center Stage Restaurant, a culinary oasis that promises an unforgettable dining experience. Renowned for its exquisite menu, the restaurant sources local ingredients to create dishes that tantalize your taste buds. What's on the Menu? Seasonal Specialties: The menu changes with the seasons, offering fresh and innovative dishes. Fine Wines and Cocktails: An extensive selection of wines and artisanal cocktails complements your meal. Ambiance: Enjoy your dinner with panoramic views of Heron Lake, and the Colorado Rocky Mountains making every meal a memorable occasion. Don't miss out on a dining experience like no other. CLICK HERE To Reserve your table at the Center Stage Restaurant here: Center Stage Restaurant TPC Golf Course: A Golfer's Dream For golf enthusiasts, the TPC Golf Course at Heron Lake is nothing short of paradise. This championship course, designed by top golf architects, offers a challenging yet enjoyable experience for players of all skill levels. Why Play at TPC Heron Lake? Impeccable Design: The course's layout is both beautiful and challenging, providing a unique experience with each round. Exclusive Events: Participate in prestigious golf tournaments and events hosted throughout the year. World-Class Facilities: From the pro shop to the clubhouse, everything you need for a perfect day of golf is at your fingertips. Ready to tee off at TPC Heron Lake?  CLICK HERE To: Book your tee time here tyo Play TPC Colorado Join the Heron Lake Community Heron Lake, Colorado, is more than just a location; it's a lifestyle choice for those who value luxury, nature, and community. Whether you're looking to invest in real estate, savor fine dining, or enjoy world-class golfing, Heron Lake is the place to be. Discover your next home, indulge in culinary delights, or challenge yourself on the greens. The Heron Lake community is waiting for you. Find your perfect property: Heron Lakes Property Search, Book a dining experience: Center Stage Restaurant Reserve your golf adventure: TPC Colorado Golf Course Experience the best of Colorado living at Heron Lake – where luxury meets nature.

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As predicted we see a small -2.4% drop- in the Average Sales Price and a +8.8% increase in the Median Sales Price. Days on market also increased by +55.4% showing a little more sign of a market slowdown. 

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We always get a lot of questions asking what's the difference between real estate ownership of Fee Simple vs LeaseHold.   Here is a quick definition of the differences between Fee Simple and Leasehold.    Simple definition: With a Leasehold property, you don't own the land, just the condo. You lease the land from the landowner and own the condo that sits on the land.   Longer definitions: Fee Simple vs Leasehold Ownership Most people only know of one type of real estate ownership; fee simple, also known as freehold.  There are a handful of states that have another form of ownership known as leasehold.   The difference in these two types of land tenure is very different and affects the value of the real estate.  It is important to know the difference, especially if you're buying real estate in a leasehold state (i.e. Hawaii, New York, Florida).   What is the difference between leasehold and fee simple? FEE SIMPLE:  Fee simple ownership is probably the most familiar form of ownership to buyers of residential real estate. Depending on where you are from, you may not know of any other way to own real estate.  Fee simple is sometimes called fee simple absolute because it is the most complete form of ownership.  A fee simple buyer is given title (ownership) of the property, which includes the land and any improvements to the land in perpetuity.  Aside from a few exceptions, no one can legally take that real estate from an owner with fee simple title.  The fee simple owner has the right to possess, use the land and dispose of the land as he wishes--sell it, give it away, trade it for other things, lease it to others, or pass it to others upon death.LEASEHOLD:  A leasehold interest is created when a fee simple land-owner (Lessor) enters into an agreement or contract called a ground lease with a person or entity (Lessee).  A Lessee gives compensation to the Lessor for the rights of use and enjoyment of the land much as one buys fee simple rights; however, the leasehold interest differs from the fee simple interest in several important respects.  First, the buyer of leasehold real estate does not own the land; they only have a right to use the land for a pre-determined amount of time.  Second, if leasehold real estate is transferred to a new owner, use of the land is limited to the remaining years covered by the original lease.  At the end of the pre-determined period, the land reverts back to the Lessor and is called reversion.  Depending on the provisions of any surrender clause in the lease, the buildings and other improvements on the land may also revert to the lessor.  Finally, the use, maintenance, and alteration of the leased premises are subject to any restrictions contained in the lease.Important Leasehold terms to know:   Lease Term - The length of the lease period (usually 55 years or more) Lease Rent - The amount of rent paid to the Lessor for use of the land Fixed Period - The period in which the lease rent amount is fixed Renegotiation Date - Date after the fixed period that the lease rent is renegotiated Expiration Date - The date that the lease ends Reversion - The act of giving back the property to the Lessor Surrender - Terms of the reversion Leased Fee Interest - An amount a Lessor will accept to convey fee simple ownership   Also for out-of-state residents, there is a tax when you sell.  HARPTA is an acronym for “Hawaii Real Property Tax Act”. This is a Hawaii State law that requires a withholding of 7.25% of the sales price. (UPDATED! increased from 5% as of 2018) 7.25% of the sales price, not 7.25% of the gains realized. This is 7.25% of the sales price from the seller when the seller is an out-of-State resident. When the seller is not a resident of Hawaii. When the seller is an out-of-State resident. Now, there are some definitions on who is a Hawaii resident and who is a non-Hawaii resident, or an out-of-State resident, I should say. We can take a look at that at another time. Sellers may recoup some of the withholdings beyond the applicable capital gains tax by filing the appropriate form. Let us know how we can help! Warmest Aloha, Bruce & Robin

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