The property provides a lifestyle along the pristine stretch of the Taylor River to 14 fortunate families and their guests.

Offered is Lot 2 of Crystal Creek Subdivision, according to the official plat thereof in the records of Gunnison County, Colorado. This property is the only undeveloped lot within the Crystal Creek community. This building site offers exceptional privacy, tucked in behind a small mountain with national forest on two sides, the Taylor River on one side and Crystal Creek on the other side. A small ridgeline point overlooks the Taylor River and a basic homesite has been staked. A prepared set of building plans are available and with a trail leading down to the river… your imagination can
take over from there.

Overall the Crystal Creek Subdivision offers a variety of topography, trees and water amenities. Some areas are heavily treed while others are open meadows. There are rock outcroppings, tributary creeks, a cascading river, willows, aspen groves and, towering pines. Other than deeded individual homesites, the remainder of the ranch is open to be enjoyed by all owners and their guests.

Approximately two +/- miles of the highly productive freestone Taylor River and Summerville Stream, a ripple creek two-thirds of a mile in length, traverse the property. The river has been enhanced to produce a sustainable natural fishery, with additional pocket water, pools, drift lanes and exceptional habitat to grow and maintain both insect and fish life benefiting upstream and downstream public waters. The developed creek as well as two native creeks, Crystal Creek and Summerville Creek, offer superb small stream fishing. Additionally, a stocked pond provides
flat water fishing.

SUMMARY
The Taylor River Homestead offers a rare and unique opportunity to be part of the ownership of the coveted and exclusive two miles of the Taylor River. The Crystal Creek community offers excellent services to its owner members. The convenient location between Gunnison’s regional airport and Crested Butte makes for a recreation paradise offered by very other properties.

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The Good

Spanish banks have started to offer residents 100% mortgages for repossessed properties. However, these deals are not available to foreign buyers or investors. Whilst sales to British and Irish property buyers have all but disappeared there is an influx of German and Nordic buyers hoping to snap up a bargain. Purchases in Barcelona and Madrid have increased but the Costas remain depressed.

The Bad

During the recent European Central Bank stress tests on banks in the Eurozone 27 Spanish banks were tested. This testing was to establish if they could survive another recession or banking crisis. Four of the Spanish banks fared particularly badly with most having massive book assets from failed mortgages, most of which are not expected to realise any return. The banks continue to overvalue their properties in an attempt to keep the market afloat and prevent a catastrophic disaster, although most expats or holiday home owners in Costa Blanca would argue that a 50% drop in value has already been catastrophic.

The Ugly

One commentator in the Guardian newspaper recently reported that properties on the Costa Blanca have fallen from €200,000 to €60,000. A fall of over 300% in three years, with the supply of available property at over 1m it will take some time to shift that many properties. Thus supply will outstrip demand for many years to come. Particularly ugly are the huge golf developments miles inland, badly built with no infrastructure. These remain barely occupied resorts and some may never be fully occupied or sold.

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