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Crestone,CO 81131
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,412 sqft
Price per Sqft $196
Subdivision Crestone
MLS Listing ID 2007933
Bedrooms 4
Full Baths 2
Three Quarter Bath 1
HOA Y/N No
Abv Grd Liv Area 2,412
Year Built 1985
Annual Tax Amount $1,904
Tax Year 2024
Lot Size 0.330 Acres
Acres 0.33
Property Sub-Type Single Family Residence
Source recolorado
Property Description
Location, location, location—this once-in-a-lifetime opportunity offers two income-producing properties in the very heart of downtown Crestone! Fronting W Silver Ave beside a park and year-round creek, this rare package blends a prime setting with versatile living and investment potential. The spacious main home reflects artistic Southwest design with an updated stone-accented kitchen, a decorative kiva-style fireplace paired with a large wood-burning stove, and soaring 16' ceilings in the great room. Expansive windows invite natural light and frame glimpses of the Sangre de Cristo Mountains, while sliding doors open to a private garden with raised beds, bamboo fencing, and space for outdoor dining or relaxation.
Upstairs, a separate income-generating apartment offers its own private entrance, high ceilings, wood-burning stove, full kitchen, and a sunny deck for morning coffee or evening stargazing. With three bedrooms and generous living space, this “treehouse retreat” has thrived as a successful Airbnb averaging ~$3,000/mo and most recently as a long-term rental producing ~$1,800/mo.
Also included is a charming one bedroom detached cottage, currently providing additional income, while a barn to the rear of the property offers appealing renovation potential.
Set in the peaceful Deer Park area, the property is a natural sanctuary frequented by deer and shaded by mature trees, yet only steps from cafés, restaurants,Elephant Cloud market, art galleries, and community events. Whether you're seeking a spacious private residence, dependable rental income, or a visionary downtown live/work setup, this rare opportunity captures the best of Crestone living.
Prior concept sketches explored mixed-use ideas; buyers should verify any commercial or redevelopment potential with the Town of Crestone and Saguache County. Property is being sold in as-is condition. Seller encourages inspections, but will not be offering inspection resolution concessions or repairs.
Location
State CO
County Saguache
Zoning Residential
Rooms
Main Level Bedrooms 1
Interior
Heating Electric,Propane,Wood Stove
Cooling None
Fireplace N
Exterior
Roof Type Shingle
Total Parking Spaces 3
Garage No
Building
Sewer Septic Tank
Water Well
Level or Stories Two
Structure Type Frame
Schools
Elementary Schools Crestone Charter
Middle Schools Moffat
High Schools Moffat
School District Moffat 2
Others
Senior Community No
Ownership Individual
Acceptable Financing 1031 Exchange,Cash,Conventional
Listing Terms 1031 Exchange,Cash,Conventional
Special Listing Condition None
Pets Allowed Yes