Dillon, Colorado — New Construction Now Accepting Contracts
Waterview Residences in Dillon, Colorado
Waterview Residences is a new condominium development at 240 Lake Dillon Drive in downtown Dillon, Colorado. The building contains 80 residences across four floors, with floor plans ranging from studios to three-bedroom units. Floor-to-ceiling windows, private outdoor decks, in-floor radiant heat, high-end kitchens, and a thoughtful amenity package make this one of the more serious new construction offerings Summit County has seen in some time. Contracts open June 12, 2026.
This is one of many Dillon condominiums worth a look.
Tucker Zimmerman is a Summit County Realtor with Slifer Smith & Frampton. He can help you understand which residences and floor plans make the most sense for your goals, what the ownership looks like compared to other Dillon options, and what questions to ask before you sign a contract.
About Waterview Residences
Waterview sits on the former Uptown 240 site at 240 Lake Dillon Drive, right in the heart of downtown Dillon. It is a purpose-built for-sale condominium building, not a conversion. The architecture is contemporary mountain, designed to maximize lake and mountain views from every residence. Each unit includes a private outdoor living space, which is not common in Summit County condominium inventory at any price point.
The building is designed around the idea of maintenance-free ownership. Whether you are using it as a primary residence, a second home, or a short-term rental, the amenity package and building operations are structured so that you can walk away and not worry about it.
Downtown Dillon Location
240 Lake Dillon Drive puts you steps from the marina, amphitheater, lakefront parks, the Lake Dillon bike path, and downtown restaurants and shops.
80 Residences, 4 Floors
Studios through three-bedroom floor plans. A limited supply in a location where new for-sale condominium construction is genuinely scarce.
Central Summit County Access
Keystone is minutes away. Silverthorne, Frisco, Copper Mountain, Breckenridge, and Arapahoe Basin are all within easy reach.
Contracts Open June 12, 2026
Waterview Residences begins accepting contracts at public launch. With 80 total residences and strong early interest, buyers who have already evaluated the floor plans and their financing will be in the best position. Tucker can help you get there before the deadline.
Call Tucker: 303-907-9129 or Email TZimmerman@SliferSummit.com
Floor Plans at Waterview Residences
Waterview uses four named floorplan families. Within each family, individual residences vary in orientation, floor level, and view. Higher floors generally offer stronger lake and mountain views. Position within the building matters: some units face the lake directly, others face the mountains or the surrounding Dillon streetscape. The Tenmile 2 is the most common plan in the building, appearing on every residential floor. The Sapphire three-bedroom plan carries meaningful price variation depending on floor and position -- the difference between a third-floor and sixth-floor Sapphire is not trivial.
Sentinel — Studio
547 – 647 sf | 1 bath
Three configurations. Sentinel 1 (unit 304) and Sentinel 3 (unit 312) are third-floor only. Sentinel 2 (units 404, 504, 604) repeats on upper floors.
Tenmile — 1 Bedroom
681 – 739 sf | 1 bath
Five configurations. Tenmile 2 is the most common plan in the building, appearing on every residential floor. A good entry point for buyers who want a one-bedroom at Waterview.
Crown — 2 Bedroom
1,020 – 1,235 sf | 2 bath
Five configurations from Crown 1 (1,020 sf) to Crown 4 (1,235 sf). Crown 2 is the most widely distributed plan in the building. Crown 4 and Crown 5 are the largest two-bedroom options.
Sapphire — 3 Bedroom
1,432 sf | 2 bath
One configuration, multiple positions throughout the building. Floor level and orientation drive meaningful price differences within this plan family -- the gap between a third-floor and sixth-floor Sapphire is not trivial.
Pricing varies by floorplan, floor, and position. Contact Tucker for current pricing on specific residences.
Finishes and Interior Design
Waterview offers two interior design schemes -- Cumulus (light) and Anthracite (dark) -- both built around natural finishes and clean lines. The finish level is meaningfully above what you find in most Summit County resale inventory at comparable square footage.
Kitchen
Quartz countertops, integrated Delta undermount sink, entertaining island with pendant lighting, undermount cabinet lighting, induction cooktops, wall-mounted oven microwave, French door refrigerator with bottom drawer freezer.
Bathrooms
Quartz countertops with undermount sink, matte black vanity and shower fixtures, frameless glass shower enclosure in the primary bath, large format floor tile.
Throughout
LVP flooring in living, dining, kitchen, and bedrooms. In-floor radiant heating and air conditioning. Modern electric fireplace. In-unit washer and dryer. 7-foot solid core doors. Generous ceiling heights.
Building Amenities
The amenity package is oriented toward owners who want a low-maintenance, lock-and-leave property. Everything that makes a mountain condo complicated to own from a distance has been addressed.
Parking and Storage
Secure underground parking that is EV-compatible, with dedicated owner storage. Heated parking eliminates one of the more persistent annoyances of Summit County condo ownership.
Outdoor Amenities
Furnished community courtyard with hot tub. Community room with fireplace, kitchen, co-working space, and patio -- useful for both personal use and as a managed amenity for rental guests.
Fitness
State of the art fitness center with recovery chair and private yoga room. More complete than what most Summit County condo buildings offer.
Restaurant Concept
Indoor and outdoor dining on site. The details on operator and concept are still developing, but on-site food and beverage adds meaningful appeal for rental guests and resident owners alike.
Short-Term Rentals at Waterview Residences
The Town of Dillon currently does not cap the number of short-term rental licenses, which puts it in a different position than Frisco, which has a waitlist, or Breckenridge, which uses a zone-based cap system. For buyers who want STR income as part of their ownership strategy, Dillon's current licensing structure is worth paying attention to.
That said, the HOA rules for Waterview Residences will govern what is actually permitted in the building, regardless of what the town allows. Those rules have not yet been finalized and published. Before purchasing with short-term rental income as a material part of your financial plan, verify the HOA's rental policies directly. The town license is step one. The HOA is step two.
For a full breakdown of how STR rules work across Summit County, see the Summit County Short-Term Rental Regulations guide and the Dillon STR rules page.
Why a Buyer's Agent Matters With New Construction
New construction is not the same as buying a resale condo. The developer has a sales team whose job is to sell the building. That team is not working for you. A buyer's agent is.
What that actually means in practice: someone to help you evaluate which floor plan and position make sense for your goals, not just which one is available. Someone to review the contract before you sign it, ask informed questions about HOA structure, dues, reserves, and rental rules, and compare Waterview against what else is on the market in Dillon. Someone who has seen how new construction purchases play out in Summit County and can help you avoid the mistakes that are easy to make when you are buying from a brochure.
Using a buyer's agent on a new construction purchase in Colorado typically does not cost the buyer anything. The developer pays the buyer's broker commission.
Pricing at Waterview Residences
Pricing is available and varies meaningfully by floorplan family, floor level, and position within the building. Studios, one-bedroom, two-bedroom, and three-bedroom units are all priced differently, and within each category the gap between a lower floor and an upper floor unit -- or between a lake-facing and a mountain-facing position -- is real. The Sapphire three-bedroom plan in particular shows significant price variation depending on where in the building it sits.
I have current pricing on active residences. If you want to understand what specific units cost and how they compare, call or email me directly.
Location: Downtown Dillon and Lake Dillon
The location is the main story. Waterview sits at 240 Lake Dillon Drive, which puts it within walking distance of the Dillon Marina, the Dillon Amphitheater, the Lake Dillon bike path, lakefront parks, and downtown restaurants. For buyers who want to be in Summit County without being inside a ski base village, Dillon offers a strong balance: lake access, mountain views, year-round usability, and convenient proximity to five ski areas.
Keystone is the closest resort -- roughly ten minutes. Arapahoe Basin is not much farther. Breckenridge, Copper Mountain, and Vail are all reachable without the traffic patterns that affect some other Summit County locations during peak season.
Dillon has also invested meaningfully in its downtown in recent years. The amphitheater draws strong summer programming. The marina supports sailing, paddleboarding, kayaking, and motorized boating on one of Colorado's largest reservoirs. The Dillon Farmers Market, lakefront events, and bike path connections to Frisco, Silverthorne, and Breckenridge make this a genuinely usable year-round base, not just a ski season property.
What to Ask Before Buying at Waterview Residences
The building details are compelling. The location is real. Before you go under contract, here are the questions that actually matter:
- What are the projected HOA dues, and what do they cover?
- What are the HOA rules on short-term rentals specifically?
- How many parking spaces does each unit include, and is storage assigned or competitive?
- What is the construction warranty structure, and who backs it?
- What deposit is required at contract, and what is the timeline to closing?
- How does my lender treat new construction financing for this type of project?
- What is the projected completion and occupancy date, and what happens if it slips?
- Which specific unit position -- floor, orientation, view corridor -- makes the most sense for my use case?
- How does this compare with existing Dillon condos or other Summit County new construction at a similar price point?
Some of those answers are available now. Others will come from the purchase contract and HOA documents. I can help you work through all of them.
How Waterview Compares With Other Dillon Real Estate
Dillon has older condo buildings with established HOA histories, Summit Cove single-family homes, Dillon Valley condos at lower price points, and occasional resale inventory in the lake-area. Waterview is the only new for-sale condominium construction in the downtown Dillon area right now. Here is a straightforward way to think about the decision:
Waterview May Fit
Buyers who want new construction, premium finishes, downtown Dillon convenience, lake and mountain views, lock-and-leave ownership, and a building designed from the ground up for short-term rental if that is part of the plan.
Existing Condos May Fit
Buyers who want immediate occupancy, an established HOA with a track record, known building operations and reserve history, or a lower entry price point in the Dillon area.
Homes or Townhomes May Fit
Buyers who want more square footage, a private garage, outdoor space, or a quieter residential setting outside the downtown core. Summit Cove and Dillon Valley are worth looking at for this buyer.
Ready to look at specific units?
Contracts open June 12th. I have floor plans, pricing, and building position information for active residences. If you want to compare specific units before launch, let's talk this week.
303-907-9129 or TZimmerman@SliferSummit.com
Related Dillon and Summit County Resources
FAQs About Waterview Residences in Dillon, Colorado
What is Waterview Residences?
Waterview Residences is a new condominium development at 240 Lake Dillon Drive in downtown Dillon, Colorado. The building contains 80 residences across four residential floors, with floor plans ranging from studios to three-bedroom units. Residences feature floor-to-ceiling windows, private outdoor decks, in-floor radiant heat, and high-end kitchen and bathroom finishes. Contracts open June 12, 2026.
What floor plans are available at Waterview Residences?
Waterview offers four floorplan families: Sentinel studios (547-647 sf), Tenmile one-bedroom units (681-739 sf), Crown two-bedroom units (1,020-1,235 sf), and Sapphire three-bedroom units (1,432 sf). Within each family, individual units vary by floor level, orientation, and view. Contact Tucker for guidance on which specific residences are the strongest fit for your goals.
When do contracts open at Waterview Residences?
The public launch and general contract availability begins June 12, 2026. Buyers who have already reviewed floor plans and financing before that date will be in the best position to move quickly on the units they want.
What is the pricing at Waterview Residences?
Pricing varies by floorplan family, floor, and position within the building. Contact Tucker Zimmerman at 303-907-9129 or TZimmerman@SliferSummit.com for current pricing on active residences.
Can Waterview Residences be used as a short-term rental?
The Town of Dillon currently does not cap short-term rental licenses, which is different from Frisco (waitlist) and Breckenridge (zone caps). That makes town licensing generally accessible for eligible Dillon properties. However, the HOA rules specific to Waterview Residences will also apply, and those are not yet finalized. Buyers who plan to rent short-term should verify the HOA's rental policies before going under contract.
What amenities does Waterview Residences include?
Building amenities include secure underground EV-compatible parking with owner storage, an outdoor furnished community courtyard with hot tub, a community room with fireplace and co-working space, a fitness center with recovery chair and private yoga room, and a restaurant concept with indoor and outdoor dining.
Why should I use a buyer's agent for new construction?
The developer's sales team works for the developer. A buyer's agent works for you. That means help evaluating which floor plan and position fits your goals, reviewing contract terms, asking informed questions about HOA structure and rental rules, comparing Waterview against other Summit County options, and making sure your interests are represented through closing. In most Colorado new construction transactions, the developer pays the buyer's broker commission -- it typically does not cost the buyer anything to have representation.
How does Waterview compare to existing Dillon condos?
Waterview offers new construction, current finishes, a purpose-built amenity package, and a downtown lakeside location. Existing Dillon condos offer immediate occupancy, established HOA history, known building operations, and in many cases a lower entry price point. The right answer depends on your priorities. Tucker can help you compare specific options side by side.
About Tucker Zimmerman
Tucker Zimmerman is a Summit County Realtor and Associate Broker with Slifer Smith & Frampton. He helps buyers and sellers throughout Dillon, Silverthorne, Frisco, Keystone, Breckenridge, Copper Mountain, and surrounding Summit County communities.
For buyers looking at Waterview Residences, Tucker focuses on the practical details that drive good decisions: which units are positioned best for your use case, how the pricing compares across the floor stack, what the HOA and rental rules actually say, and how this project stacks up against what else is available in Dillon right now.
Tucker Zimmerman
Associate Broker, Slifer Smith & Frampton
Phone: 303-907-9129
Email: TZimmerman@SliferSummit.com
Website: SoldInSummit.com
