841 Riverside Dr Estes Park, CO 80517

This exceptional Estes Park hospitality investment offers a unique opportunity to acquire two adjoining properties totaling nearly 1.3 acres. The main property, Mountain Shadows Resort, comprises eight charming cottages, each featuring a private hot tub, king bed, fireplace, kitchenette, and private deck. These cottages, built in 1999 and renovated in 2022, are designated as a Pre-Existing Lodging Facility (PELF) by Larimer County, ensuring a transferable designation for short-term rentals. The resort boasts a 9.6 rating on Booking.com, the highest in Estes Park, with exceptional reviews across cleanliness, value, comfort, and staff. Gross revenues for the past 12 months show a 12.6% increase, with significant growth in the current season. The adjacent property, a 2,800 square-foot, four-bedroom home with a three-car garage, offers versatile options: owner occupancy, additional rental income, or on-site manager housing. This property features high-end finishes including vaulted ceilings, hardwood floors, and multiple fireplaces. Both properties are situated in the highly desirable EV-A1 zoning, allowing for short-term rentals and capitalizing on the 4.5 million annual visitors to nearby Rocky Mountain National Park. The asking price is $3,300,000, with a pro-forma cap rate of 10% and a pro-forma NOI of $210,771. The property includes 13 parking spaces and five buildings. This turnkey operation presents a rare combination of high-performing lodging and luxurious residential living in a prime location. The property's success is further evidenced by its presence on Booking.com, TripAdvisor, and Expedia, consistently achieving high ratings and awards.