$3,895,000 Price Analysis   ♡   Crested Butte, CO 81224 7 bed 5 bath 5,898 SqFt ($660/SqFt) 0.53 acre lot. Built 2004 Listed 2023-10-06, Taxes $5,348 | May be USDA loan restricted due to income limits near Crested Butte |
Property Details
Are you ready to invest in this breathtaking mountain retreat while enjoying a steady income stream? Look no further than this exceptional outdoor enthusiasts dream property located in the heart of Meridian Lake Meadows. Yure surrounded by spectacular south facing views of Mt. Crested Butte, Gothic Mountain from your backyard and nestled between pristine Long Lake and renowned Snodgrass Trail. Whether your guests are outdoor lovers or simply seeking a tranquil escape, this location has something for everyone. This unique offering boasts not one, but THREE FULL KITCHENS AND SEPARATE LIVING SPACES, making it a savvy investment with fantastic rental history and limitless potential. In all there are 7 bedrooms, 5 full baths, 5898 sf, 2 car garage, located on a quiet cul-de-sac and sits on a mostly flat .53 acre parcel. Mature aspens, evergreen trees and a landscaped yard greet you as you walk along the newly installed flagstone walkway, onto the inviting porch and into t he large grand hallway of the main level. Here you will find a guest bedroom next to a full bathroom, perfect for your overflow of guests. Your eyes will be drawn to the 10 ft tong and groove ceilings as you enter into the large kitchen featuring granite countertops and large walk-in pantry, dining room and into the expansive living room with stacked stone gas fireplace and wall of windows where youll get lost in the breathtaking backyard views of Gothic Mtn and the Elk Mountain Range. The wrap-around deck will surely be a gathering spot to have a BBQ, relax and unwind. The laundry room off the breezeway that leads from the garage has a cozy nook with built in desk, perfect for your guests to work remotely while they stare out the window at Mt. Crested Butte!
The grand half log staircase will take you to the 3rd level where youll find 2 additional bedrooms that share a full bath with double vanity sinks. Down the hall there is another living area with sleeping space located off the primary bedroom. The primary bedroom enjoys the same picturesque views as seen in the living room with an abundance of windows and natural light. It also has its own private deck which is perfect to sit and relax with a glass of wine and watch the sunset over the hill. The massive ensuite bath features large double vanity, walk in shower and jetted jacuzzi tub, perfect to soak in after a long day of skiing or hiking. The newly finished basement features a large game room, a private gym separated by barn doors, storage room and gorgeous 1 bedroom / 1 bath apartment. The apartment has approximately 600 sf of living space and hosts a full kitchen with washer/dryer and has its own separate entrance with flagstone patio and stairs leading to the front of the house, offering privacy from the main house. Its perfect for a mother-in-law suite, extended family, caretaker space or more rental income. So many options. Finally check out the newly painted 2 bedroom / 1 full bath 884 sf garage apartment also with private entrance. It has always been occupied by a long term renter since the house was built. It features 360 degree views with tons of natural light, has a full kitchen, stackable washer/dryer and its own water heater. This non-smoking home has been owned by the original local owner and has been meticulously maintained. Each space has been thoughtfully designed to provide maximum comfort and convenience for you and your family and rental guests. Only after being short term rented since 2022, it has already experienced high occupancy rates and excellent reviews. With 3 living spaces, you have the option to rent them out individually or together, maximizing your potential rental income. Offered fully furnished, it is turn key and ready to go. At $660/sf which is way below the market value, opportunities with these views and rental income potential dont come around often, so seize the moment.
Presented by Barb Myers at
Signature Properties Ebner & Associates, Llc.
Property MLS #808503 from CREN
Primary Bedroom Level: Upper Level
Full Bathrooms: 5
All Furnishings
Ceiling Fan(s)
Granite Counters
Guest Quarters
Jetted Tub
Pantry
T&G Ceilings
Walk In Closet
Garage Door Opener
Fitness Room
Game Room
Furnished Description: Furnished
Flooring: Carpet-Partial, Hardwood, Slate, Tile, Vinyl
Heating Features: Floor Radiant
Heating Fuel: Natural Gas
Water Heaters: Gas Water Heater
Landscaping
Deck
Gas Grill
Balcony
Covered Porch
Road Access: Year Round
Road Frontage Type: Cove
Lot Size Acres: 0.53
Lot Size Square Feet: 23087
Garage Description: Attached Garage
Association Name: Meridian Lake Meadows / Meridian Lake Park
High School: Crested Butte Community K-12
Middle School: Crested Butte Community K-12
Map directions Map directions Map directionsSource Listing Status: Active
County: Gunnison
Current Use: Residential, Mountain Recreation, Recreational
Directions: Head up the mountain on Gothic Road. Turn left onto Washington Gulch Road (CR 811). Once you get to the neighborhood of homes, drive past the reservoir on the left, past the Meridian Lake Meadows sign. As you head down the hill after the sign, Creek Cove is on the left and its the first house on the right. The Lincoln Log House!
Tax Year: 2023
Source Property Type: RESIDENTIAL
Area: Crested Butte Rural
Source Neighborhood: Meridian Lake Meadows
Subdivision: Meridian Lake Meadows
Zoning: Residential Single Family
Property Subtype: Stick Built
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $56,450 + $13,040 $69,490 | $5,348 |
| 2021 | $58,080 + $13,410 $71,490 | $4,743 |
| 2020 | $49,820 + $12,440 $62,260 | $4,258 |
| 2019 | $49,820 + $12,440 $62,260 | $4,165 |
| 2018 | $43,920 + $11,090 $55,010 | $3,873 |
| 2017 | $43,920 + $11,090 $55,010 | $3,887 |
| 2016 | $36,430 + $12,160 $48,590 | $3,252 |
| 2015 | $36,430 + $12,160 $48,590 | $3,210 |
| 2014 | $33,940 + $12,610 $46,550 | $3,210 |
| 2013 | $33,940 + $12,610 $46,550 | $2,899 |
| 2012 | $42,040 + $17,620 $59,660 | $3,128 |
| 2011 | $42,040 + $17,620 $59,660 | $3,142 |
| 2010 | $68,330 + $15,280 $83,610 | $3,943 |
| 2009 | $68,330 + $15,280 $83,610 | $3,801 |
| 2008 | $47,340 + $14,040 $61,380 | $2,917 |
$3,895,000
CREN
Listed 2023-10-06
$3,995,000
CREN
Sold 2001-01-01
$80,000
Public Record
Year Built: 2004
Building Exterior Type: Concrete, Log, Stone
Construction Materials: Concrete/Block, Wood Frame
Foundation Details: Slab, Basement-walk out, Basement-dug out, Basement-finished, Concrete, Insulated
Property Age: 20
Property Attached: No
Roof: Metal
Levels or Stories: 2
House Style: Log
Year Remodeled: 2022
Electric
Natural Gas
Internet
Internet - DSL
Phone - Cell Reception
Phone - Landline
Water Source: City Water
Water Well: No
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.