Drake Landing Condos

Property Information

# of Deed Restricted Units: 8
Type: 3-, and 4-bedroom condos
Occupancy: Owner Occupied / Approved Tenant Occupied – must be primary residence
Neighborhood Amenities: Rec path; proximity to parks, trails, public transit
Construction Complete: 2001

Restrictive Covenant Highlights

Employment: up to 30+ hours per week in Summit County
Income Limits: < 100% AMI
Property: Not allowed to own other property in the State of Colorado
Appreciation Limit: Rental RC: Covenant is Silent. Sale RC: The greater of 5% per year compounded annually or current 100% AMI for Summit County
Commission: Covenant is Silent.
Capital Improvements: 10% of initial purchase price upon approval
Rent: No short term rental allowed; owners can rent rooms to qualified tenants upon approval

Restrictive Covenants

Please note that the information provided on this page is for convenience only and is not a substitute for a full recorded document search and review. To obtain the recorded documents, please contact the Summit County Clerk & Recorder’s office.

All owners of deed-restricted units in the Town of Frisco may opt in to a new covenant, developed in 2019. Some properties in this neighborhood may be currently under this covenant. Please contact the Summit County Clerk & Recorder to access the covenant on a particular property. If you are the owner of a deed-restricted property in the Town of Frisco, please contact the Town for information on how to opt into this covenant.