Under contract
Pending
477 Mount Bailey Drive
Bailey CO, 80421
$690,000
$345.00 per sqft
Under contract
Pending
3 Beds
2 Baths
2,000 sqft
Residential
Built in 1994
This updated 3-bedroom, 2-bathroom mountain home offers the perfect blend of comfort, style, and investment potential. With $99k in gross earnings in 2023 and over $122k in 2024, this home has proven short-term rental success and shows great potential for future income.
Over $100k in recent renovations have been made to enhance the property including luxury vinyl plank flooring on both levels, new windows, an upgraded well tank, new insulation, and updated lighting fixtures throughout. The home comes fully furnished and professionally designed, with all interior and exterior furniture, appliances, and amenities included. This turnkey property is ready for immediate use.
The outdoor space is an entertainer's dream with three spacious decks featuring a variety of dining furniture and seating, a hot tub, a propane fire pit, a hammock, and a porch swing. An exterior shed is already wired for a future sauna, offering additional luxury options for relaxation.
Inside, the updated primary bedroom boasts a cozy wood-burning stove, creating a warm and inviting atmosphere. Both bathrooms have been renovated with new tile and countertops. The kitchen is equipped with stainless steel appliances including a gas range, perfect for any home chef.
Whether you're looking for a serene mountain getaway, a secondary home, or a profitable short-term rental, this property has it all. A full proforma, including 2025 income projections and actual 2023-2024 income statements, is available upon request. Don't miss the opportunity to own this stunning mountain retreat in Bailey. Reach out today for more information or to schedule a showing!
5435721
MLSⓇ ID
January 29, 2025
Listed
February 15, 2025
Updated
Interior Features
Total Stories
1
Bedrooms
3
Total Bathrooms
2
Full Bathrooms
2
Interior Features
Ceiling Fan(s), Open Floorplan, Smoke Free, Hot Tub, Tile Counters, Walk-In Closet(s)
Appliances
Dishwasher, Disposal, Dryer, Microwave, Oven, Range, Refrigerator, Washer
Floor Description
Tile, Vinyl
Fireplace
Yes
Fireplace Description
Bedroom, Wood Burning Stove
Cooling
Yes
Cooling Description
Other
Heating
Yes
Heating Description
Forced Air, Propane
Exterior/Building Features
Lot Size
1.36 Acres
Exterior Features
Barbecue, Fire Pit, Spa/Hot Tub
Architectural Style
Mountain Contemporary
Roof
Composition
Sewer
Septic Tank
Patio And Porch
Deck
School Information
School District
Platte Canyon RE-1
High School
Platte Canyon
Elementary School
Deer Creek
Other Property Details
Taxes
$2,161
Tax Frequency
Annually
Association Fee
$20
Association Fee Frequency
Yearly
Garage
No
Parking Total
2
View
No
County
Park
Water Source
Well
Pool
No
Listing History
Date | Event | Price |
|---|---|---|
2/3/2025 | Under contract | — |
1/30/2025 | Active | — |
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