Near Vail: Cordilllera's New Paramonte

Cordillera, the luxury community in the Colorado mountains in between Beaver Creek and Vail ski resorts, is going fractional. It is selling 1/8th shares in its new Paramonte residences, which are 3 BR, 3 1/2 furnished homes. Prices start at $400,000 -- not cheap, but Cordillera has a sterling reputation and ownership base. (Resales on existing houses are listed from $1.2-million to over $5-million.) Fractional buyers are guaranteed a minimum of 28 days per year as well as additional time subject to availability. Cordillera is known for its spa and four golf courses, among other amenities.