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    31 Castle Rd, Unit 5 Crested Butte, CO 81224

    New
    For Sale
    $450,000

    Charming 2-bedroom condo with loft, close to recreation.

    Property Features for 31 Castle Rd

    General Information

    Interior features
    Interior Feature 1, : "Electric", "Interior Feature 2": "Electric Water Heater"
    Exterior features
    exterior_features, : ["Cellular Phone Reception", "Electricity Available", "High Speed Internet Available", "Phone Available", "Metal"]

    Building Details

    Year built
    1974

    Source: Crested Butte Realty Company Agent Crested Butte Realty Company

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Updated Condo Near Mt. Crested Butte

    Located in the Edelweiss Condos, this 536 sq ft condo features 2 bedrooms and a loft. The property is situated minutes from lifts, trails, the shuttle, and Mt. Crested Butte recreation. The condo has been updated with an efficient layout. The main living area includes vaulted ceilings and granite countertops. Natural light fills the space. The primary bedroom is comfortable and functional. The second bedroom is currently used as a supply and linen room for short-term rental operations and awaits egress window installation for code compliance. The loft provides additional space suitable for a reading nook, home office, or extra sleeping and storage. The condo is located within close proximity to the Mt. Crested Butte base area, the free condo loop shuttle, restaurants, shops, and biking and hiking trails. The HOA fee includes water, sewer, trash, snow removal, landscaping, irrigation, parking, management, and exterior and common area maintenance. Short-term rentals are allowed with an STR License and compliance with HOA and Town requirements. This residence is suitable for full-time living, a weekend escape, or as an income-producing rental.
    Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Map

    City
    Crested Butte
    County
    Gunnison
    State
    Colorado
    Longitude
    -106.92
    Latitude
    38.8937

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    FAQs

    What type of property is this?
    Short term rental property - Charming 2-bedroom condo with loft, close to recreation.
    Where is this short term rental property located?
    The property is located at 31 Castle Rd, Unit 5 Crested Butte, CO.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: - Low $225/month HOA dues covering water, sewer, trash, snow removal, landscaping, etc.; - Excellent location: minutes from lifts, trails, shuttle, restaurants, and shops; - Short-term rental potential (with STR License)
    Request Owner's contact information
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    Realmo Value Estimation

    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.

    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.

    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
    31 Castle Rd, Unit 5 Crested Butte, CO 81224
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