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    509 Smt Pl Winter Park, CO 80482

    Sponsored
    For Sale
    Pending
    $2,875,000

    MULTI_FAMILY - Winter Park, CO

    Property size:
    3,186 SF
    Lot size:
    0.08 Acres
    Days on Market:
    2
    Last Refresh:
    Jan 22 at 5:06 am

    Property Features for 509 Smt Pl

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Rooms
    Bedroom 2, Bedroom 4, Bedroom 1, Laundry Room, Bathroom 2, Bathroom 3, Bathroom 1, Bathroom 4, Bedroom 3, Bathroom 5
    Bedrooms
    4
    Bathrooms
    4
    APN
    170510143039
    Parking features
    Open
    Patio and Porch features
    Deck, Patio
    Interior features
    Ceiling Fan(s), Walk-In Closet(s), Vaulted Ceiling(s), Eat-in Kitchen, Fireplace, Wet Bar
    Fireplace
    1
    Appliances
    Washer/Dryer, Refrigerator, Range, Oven, Microwave, Disposal, Dishwasher
    Size
    3,186 SF
    Lot size
    0.08 Acres

    Building Details

    Year built
    2017
    Flooring type
    Hardwood
    Building materials
    Frame

    We can help!

    Listing Contact
    Melinda Lee

    LIV Sotheby's International DT (303) 534-4115

    Listing agent Melinda V Lee (970) 281-2646

    Listing date Jan 21, 2026

    MLS# 25-1472 Listing URL

    Copyright © 2026 Grand County Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Luxury Mountain Home Near Skiing

    Located across from Winter Park Resort in the Lakota neighborhood, this residence offers mountain living with views of the resort and Continental Divide. The home features wide plank rough sawn hardwood floors, exposed timber beams, and vaulted wood ceilings. The kitchen includes custom cabinetry, granite countertops, and Viking appliances, along with a breakfast bar and dining area. The open concept great room has a two-story stone fireplace and windows overlooking the ski slopes. A covered deck is suited for outdoor dining and entertaining. The main level includes a laundry and mudroom, plus a powder bath. Upstairs, the primary suite features a spa-inspired bath with a steam shower, a walk-in closet, and a private deck. An open loft area provides flexible living space. The finished walk-out lower level includes a secondary living room, wet bar, and theater room. There are three additional bedrooms, two with ensuite baths and private patios. Outside, a private hot tub deck offers views. Additional features include a heated two-car garage with attic storage. The property is located steps from skiing and trails.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Resorts

    Map

    City
    Winter Park
    County
    Grand
    State
    Colorado
    Longitude
    -105.759674
    Latitude
    39.895861

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    FAQs

    What type of property is this?
    Resort - Stunning residence with mountain views, steps from Winter Park.
    Where is this resort located?
    The property is located at 509 Smt Pl Winter Park, CO.
    What is the asking price?
    The asking price for this property is $2,875,000.
    What are key features of this property?
    This property features: - Unparalleled location directly across from Winter Park Resort, offering immediate access to skiing and mountain activities.; - Breathtaking, unobstructed views of Winter Park Resort and the Continental Divide.; - **Luxury primary suite with spa-inspired bath, steam shower, walk-in closet, and private deck.**
    (970) 281-2646
    Request Owner's contact information
    509 Smt Pl Winter Park, CO 80482
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    Winter Park, CO 80482
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    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
    509 Smt Pl Winter Park, CO 80482
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    We can help!
    Listing Contact
    Melinda Lee
    (970) 281-2646
    Learn more
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