Winter Park, CO 80482,Address not disclosed

$4,100,000

$4,533,475

9.6%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

10 Beds

11 Baths

8,500 SqFt


SOLD DATE : 11/01/2024

Key Details

Sold Price $4,100,000

Property Type Single Family Home

Sub Type Residential-Detached

Listing Status Sold

Purchase Type For Sale

Square Footage 8,500 sqft

Subdivision Griffin Park

MLS Listing ID 5232469

Sold Date 11/01/24

Style Chalet

Bedrooms 10

Full Baths 10

HOA Y/N false

Abv Grd Liv Area 8,500

Originating Board REcolorado

Year Built 1995

Annual Tax Amount $13,163

Lot Size 0.320 Acres

Acres 0.32

Property Description

Welcome to a prime investment opportunity in Winter Park, Colorado! This turnkey property at 405 Lions Gate Drive presents a unique chance to own the only luxury boutique hotel in Winter Park. With a total of 10 bedrooms and 11 bathrooms spread across 8500 square feet, this property offers a spacious and inviting atmosphere for guests. Boasting a total lot size of 13939 square feet, the hotel provides a comfortable and accommodating environment.

The property has undergone a comprehensive $1M renovation in 2021-2022, ensuring it is modern and up-to-date. With high ceilings, mountain views, and a fully furnished interior, this hotel is designed to impress. The amenities include a balcony, common laundry, cooktop, dishwasher, disposal, dryer, eat-in kitchen, fireplace, forced air, hot tub, range hood, refrigerator, and walk-in closets, providing guests with the utmost comfort and convenience.

Located in the heart of Winter Park, this hotel is priced 25% below the average price per square foot in the area, making it an attractive investment. The property's existing business, along with the potential for further development and expansion, presents a promising opportunity for the savvy investor. Additionally, the hotel has received awards and recognition from prominent platforms such as Airbnb, Google, Tripadvisor, Booking, Kayak, and Expedia.

With a transferable liquor and restaurant license, as well as Winter Park's only private bar equipped with a modern 4-tap beer system and a full commercial kitchen, this property offers a unique and lucrative investment opportunity. Don't miss the chance to own a piece of Colorado's fastest-growing ski town and resort. Take advantage of the high potential for growth, as evidenced by the highest ADR in the area, increased year-over-year occupancy, and documented organic growth in traffic and direct bookings. This is your chance to own a successful business in a thriving and sought-after location in the heart of Winter Park.

Location

State CO

County Grand

Area Out Of Area

Rooms

Basement Walk-Out Access

Primary Bedroom Level Main

Bedroom 2 Upper

Bedroom 3 Upper

Bedroom 4 Upper

Bedroom 5 Upper

Interior

Interior Features Study Area, Eat-in Kitchen, Walk-In Closet(s), Loft

Heating Forced Air

Cooling Ceiling Fan(s)

Fireplaces Type 2+ Fireplaces, Gas, Family/Recreation Room Fireplace, Great Room

Fireplace true

Appliance Dishwasher, Refrigerator, Washer, Dryer, Disposal

Exterior

Exterior Feature Balcony

Garage Spaces 9.0

View Mountain(s)

Roof Type Composition

Street Surface Paved

Building

Faces East

Story 2

Sewer City Sewer, Public Sewer

Water City Water

Level or Stories Two

Structure Type Wood/Frame,Wood Siding

New Construction false

Schools

Elementary Schools Fraser Valley

Middle Schools East Grand

High Schools Middle Park

School District East Grand 2

Others

Senior Community false

SqFt Source Assessor

Special Listing Condition Private Owner

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Information and Real Estate Services (IRES)
Listed by Compass - Denver • tracy@molleur.com,303-408-2059
Bought with Compass - Denver
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(970) 644-5002

wendy@homesmartrp.com

431 Colorado Avenue, Junction, CO, 81501

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