45 Creek Cove , Crested Butte, CO 81224
Crested Butte, CO 81224
Description
An Unparalleled Investment & Luxury Retreat in Crested Butte. Experience the perfect blend of luxury, investment potential, and mountain tranquility in this exceptional estate in Meridian Lake Meadows, a dream retreat for outdoor enthusiasts and discerning investors alike. Offering an impressive rental history and limitless income potential, this property is a rare opportunity to own a multiunit mountain sanctuary with breathtaking south-facing views of Mt. Crested Butte, Gothic Mountain, and the Elk Mountain Range. Boasting 7 bedrooms, 5 full baths, and 5,898 square feet of exquisitely designed living space on a .53 acre lot, this home offers an unparalleled income producing opportunity with three fully equipped kitchens and separate living areas, ideal for short term rentals, long-term tenants, or a private multi-generational retreat. Nestled between Long Lake and Snodgrass Trail, this prime location ensures year round enjoyment for outdoor lovers, from world class skiing in winter to hiking and biking in the summer. With an expansive wrap-around deck, landscaped yard, and mature aspens and evergreens, the setting is as tranquil as it is stunning. Step through the grand entryway, where 10ft tongue and groove ceilings and a wall of windows frame mesmerizing views. The spacious main level offers a gourmet kitchen with granite countertops, a walk-in pantry, and a large dining space, seamlessly flowing into the expansive living room with a stacked stone gas fireplace, perfect for cozy mountain evenings. A grand half log staircase leads to the primary suite, which enjoys panoramic mountain views, a private deck, and a spa-like ensuite with a jetted tub, walk-in shower, and dual vanities. Two additional bedrooms, a full bath, and an extra living space complete the upper level. Income Producing Separate Living Spaces: Newly finished lower-level apartment: A gorgeous 1-bed, 1-bath suite with a full kitchen, washer/dryer, private entrance, and flagstone patio, offering total privacy for guests or tenants. Garage apartment: A 2-bed, 1-bath, 884 sq. ft. space with its own private entrance, full kitchen, washer/dryer, and mountain views, always rented since the home was built. Expansive basement: Features a large game room, private gym with barn doors, and additional storage. With an established short-term rental history, high occupancy rates, and exceptional guest reviews, this property offers a seamless transition for investors. Offered fully furnished (except the garage apartment furnishings), this turn-key estate is priced at only $525/sq. ft., well below market value. Rarely does a home of this caliber, with this combination of luxury, versatility, and investment opportunity, come to market in Crested Butte. Whether you’re looking for a high-end rental asset, a vacation retreat, or a multi-generational estate, this is an unmissable opportunity. Seize the moment. Schedule your private showing today.
Details
| MLS# | 821954 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 2004 |
| Days On Site | 12 |
| Listing Provided By | Signature Properties Ebner & Associates, LLC | Jesse Ebner |
Features
| Bed(s) | 7 |
|---|---|
| Bath(s) | 5 Total |
| SQ Feet | 5,898 |
| Garage | 2 |
| Basement | Y |
| Story(s) | 2 |
| Zoning | Residential Single Family |
| Acreage | 0.53 |
| Property View | Yes |
Market Activity 81224
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2025. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer
Real Estate listings held by companies other than CREN contain that company’s name.
Fair Housing Disclaimer
Request a showing
Request a showing
Contact
Learn More About This Property
| State | CO |
|---|---|
| County | Gunnison |
| City | Crested Butte |
| Zip Code | 81224 |
| Area | Crested Butte Rural |
| Community Name | Meridian Lake Meadows |
| School District | Crested Butte Community K-12 |
| Elementary School | Crested Butte Community K-12 |
| Middle School | Crested Butte Community K-12 |
| High School | Crested Butte Community K-12 |
| Listing VS Median (In Meridian Lake Meadows) | |
Price: $3,100,000 low | high Med: $4,297,500 SqFt: 5,898 low | high Med: 5,505 $ / SqFt: $526 low | high Med: $800 On site: 12 low | high Med: 158.500000 | |