I don’t know about your question on the numbers with respect to value etc, but I personally don’t get the value proposition of the higher elevation lots. They are indeed considered more valuable. But it takes so long to get up to the 1,400′ elevation and the views so vast as to loose the intricacy of detail, that I would never buy that high up. Down below, you have existing homes with amazing views, but not so high that you loose the detail, or so inconvenient that you dred the drive up to your house, particularly in the rain.
I saw a few amazing high quality homes up high, but preferred the very good quality homes below that I liked as striking a nice balance between view and convenience.
But then again, when I consdidered purchasing there, it was not as an investment, but as a long term home. Of course, life brings surprises so appreciation is still important to me, so I would expect your point to indeed contribute to the price pressures there. Which is one reason why I have been careful with offer prices there.
Sellers there, they seem to think the opposite of privatebanker that Cielo is not RSF and appear to feel that only Cielo is RSF with the prices they are asking right now, which really stand out as overpriced when you compare them to similarly sized homes in other parts of RSF (whether real or imagined).
