Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Crested Butte Homesite Opportunity Title is generated by Realmo AI

    351 Meadow Drive, Crested Butte, CO 81224

    View on Map
    Claim this Listing
    For Sale
    $295,000

    Residential - Crested Butte, CO

    Type:Single Family Residence
    Lot size:
    1.29 Acres
    Added:
    Mar 12, 2026
    Days on Market:
    58
    Last Refresh:
    May 8 at 10:06 pm

    Property Features for 351 Meadow Drive

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    Lot size
    1.29 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jesse Ebner

    Listing agent Jesse Ebner

    Listing office Signature Properties Ebner & Associates, LLC PO Box 1893, Crested Butte, CO

    Listing date Mar 12, 2026

    MLS# 832416 Listing URL

    Copyright © 2026 Colorado Real Estate Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 1.29 acre oversized homesite in Meridian Lake Meadows.
    • Direct access to hiking, biking, backpacking, and camping trails in Washington Gulch valley.
    • Enjoy views of surrounding mountains in every direction.
    • Easy access to Long Lake and private HOA trails into the National Forest Service.
    • Short drive to downtown Crested Butte and the ski area.
    • Elevated hillside location providing a sense of seclusion.

    Overview

    This 1.29-acre homesite is located in Meridian Lake Meadows, offering elevated hillside views of the surrounding mountains. The property provides direct access to the Washington Gulch valley, ideal for hiking, biking, backpacking, and camping trails in both summer and winter. Residents can easily access amenities such as Long Lake and private trails from the HOA into the National Forest Service. Downtown Crested Butte and the ski area are a short drive away. The building envelope is located just off of Redstone Cove, with the property address on Meadow Drive. This location offers a blend of mountain living with convenient access to nearby amenities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Auto Repair Shop Big Box & Wholesale Store Dental Office Nail Salon Department Store Garden Center Building Supply Storage Facility HVAC Service Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Crested Butte
    County
    Gunnison
    State
    Colorado
    Longitude
    -106.92
    Latitude
    38.8937

    Nearby Similar for Sale

    • $549,000

      Large Lot Near Crested Butte

      1.5-acre lot near Crested Butte suitable for residential or commercial.
      163 N Avion Drive, Crested Butte, CO 81224
      View Details
    • $4,275,000
      8,568 SF

      Versatile Commercial Property in Crested Butte

      Multi-use property with retail, office, and industrial spaces.
      322 Belleview Avenue, Crested Butte, CO 81224
      View Details
    • $395,000

      Runway Access Commercial Parcel

      Rare commercial parcel with runway access and residential use.
      136 N Avion Drive, Crested Butte, CO 81224
      View Details
    • $599,000

      Crested Butte Land with Views

      Rare 2+ acre parcel near Crested Butte with flexibility.
      1701 County Road 317, Crested Butte, CO 81224
      View Details
    • $389,000
      4,000 SF

      Established Event Rental Business

      Event rental company serving the Gunnison Valley for sale.
      80 Buckley Drive, Crested Butte, CO 81224
      View Details
    • $650,000

      Versatile Lot in Crested Butte

      0.33-acre lot in the heart of Crested Butte South.
      257 Gillaspey Avenue, Crested Butte, CO 81224
      View Details
    • $650,000

      Versatile Commercial Lot in Crested Butte

      Undeveloped 0.33-acre lot in the heart of Crested Butte South.
      257 Gillaspey Avenue, Crested Butte, CO 81224
      View Details
    • $549,000

      Crested Butte Runway Access Lot

      1.2-acre lot with runway access and mountain views.
      679 S Avion Drive, Crested Butte, CO 81224
      View Details
    • $525,000

      Half-Acre Homesite in Meridian Lake

      Homesite with completed due diligence in picturesque Crested Butte neighborhood.
      75 Wolverine Circle, Crested Butte, CO 81224
      View Details
    • $495,000

      Homesite with Approved Building Plans

      0.48 acre homesite with approved plans in Crested Butte.
      84 Stream View Lane, Crested Butte, CO 81224
      View Details
    • $599,000

      Crested Butte Golf Course Lot

      Exceptional lot with mountain views and golf course access.
      618 Country Club Drive, Crested Butte, CO 81224
      View Details
    • $507,000
      564 SF

      Crested Butte Retail/Commercial Unit

      564 SF retail/commercial unit in the heart of Crested Butte.
      309 Belleview - #1-A Commercial, Crested Butte, CO 81224
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Large homesite near trails, downtown Crested Butte, and ski area.
    Where is this residential land & home lot located?
    The property is located at 351 Meadow Drive Crested Butte, CO.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: 1.29 acre oversized homesite in Meridian Lake Meadows.; Direct access to hiking, biking, backpacking, and camping trails in Washington Gulch valley.; **Enjoy views of surrounding mountains in every direction.**
    (970) 713-2000
    We can help!
    Listing Contact
    Jesse Ebner
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    351 Meadow Drive, Crested Butte, CO 81224
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!