248 W Silver Avenue, Crestone, CO 81131
Local realty services provided by:Better Homes and Gardens Real Estate Kenney & Company
248 W Silver Avenue,Crestone, CO 81131
$475,000
- 4 Beds
- 3 Baths
- 2,412 sq. ft.
- Single family
- Active
Listed by:niamh kelly-westonkellywestonrealtor@gmail.com,719-480-5347
Office:exp realty - rocc
MLS#:2007933
Source:ML
Price summary
- Price:$475,000
- Price per sq. ft.:$196.93
About this home
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 cafés, 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.
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Home facts
- Year built:1985
- Listing ID #:2007933
Rooms and interior
- Bedrooms:4
- Total bathrooms:3
- Full bathrooms:2
- Living area:2,412 sq. ft.
Heating and cooling
- Heating:Electric, Propane, Wood Stove
Structure and exterior
- Roof:Shingle
- Year built:1985
- Building area:2,412 sq. ft.
- Lot area:0.33 Acres
Schools
- High school:Moffat
- Middle school:Moffat
- Elementary school:Crestone Charter
Utilities
- Water:Well
- Sewer:Septic Tank
Finances and disclosures
- Price:$475,000
- Price per sq. ft.:$196.93
- Tax amount:$1,904 (2024)
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