Crestone, CO 81131,248 W Silver
Crestone, CO 81131,248 W Silver
Crestone, CO 81131,248 W Silver
Crestone, CO 81131,248 W Silver
Crestone, CO 81131,248 W Silver
Crestone, CO 81131,248 W Silver
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$ 439,000
Est. payment | /mo

4 Beds

3 Baths

2,412 SqFt


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$ 439,000
Est. payment | /mo
Save

4 Beds

3 Baths

2,412 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Pending

Purchase Type For Sale

Square Footage 2,412 sqft

Subdivision Crestone

MLS Listing ID IRE2007933

Bedrooms 4

Full Baths 2

Three Quarter Bath 1

HOA Y/N No

Year Built 1985

Annual Tax Amount $1,904

Tax Year 2024

Lot Size 0.330 Acres

Acres 0.33

Property Sub-Type Single Family Residence

Source ires

Property Description

Location, location, location-this once-in-a-lifetime opportunity offers two income-producing properties in the very heart of downtown Crestone! Fronting W Silver Ave beside a park and year-round creek, this rare package blends a prime setting with versatile living and investment potential. The spacious main home reflects artistic Southwest design with an updated stone-accented kitchen, a decorative kiva-style fireplace paired with a large wood-burning stove, and soaring 16' ceilings in the great room. Expansive windows invite natural light and frame glimpses of the Sangre de Cristo Mountains, while sliding doors open to a private garden with raised beds, bamboo fencing, and space for outdoor dining or relaxation.
Upstairs, a separate income-generating apartment offers its own private entrance, high ceilings, wood-burning stove, full kitchen, and a sunny deck for morning coffee or evening stargazing. With three bedrooms and generous living space, this "treehouse retreat" has thrived as a successful Airbnb averaging ~$3,000/mo and most recently as a long-term rental producing ~$1,800/mo.
Also included is a charming one bedroom detached cottage, currently providing additional income, while a barn to the rear of the property offers appealing renovation potential.
Set in the peaceful Deer Park area, the property is a natural sanctuary frequented by deer and shaded by mature trees, yet only steps from cafes, restaurants,Elephant Cloud market, art galleries, and community events. Whether you're seeking a spacious private residence, dependable rental income, or a visionary downtown live/work setup, this rare opportunity captures the best of Crestone living.
Prior concept sketches explored mixed-use ideas; buyers should verify any commercial or redevelopment potential with the Town of Crestone and Saguache County. Property is being sold in as-is condition. Seller encourages inspections, but will not be offering inspection resolution concessions or repairs.

Location

State CO

County Saguache

Community Crestone

Area Out Of Area

Zoning Residential

Interior

Heating Wood Stove, Electronic Air Filter

Exterior

Garage Spaces 3.0

Utilities Available Propane

View Y/N No

Roof Type Fiberglass

Garage Yes

Building

Lot Description Outbuildings

Sewer Septic Tank

Water Well

Level or Stories Two

Structure Type Frame

New Construction false

Schools

Elementary Schools Crestone Charter

Middle Schools Moffat

High Schools Moffat 2

School District Moffat 2

Others

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Private Owner

Information and Real Estate Services (IRES)
Listed by Niamh Kelly-Weston

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248 W Silver