For Sale
$8,000,000

County Clear Crk Saint Mary's, CO 80452

Luxury Cabin & Condo Resort, Idaho Springs

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a stunning, 14-key boutique mountain resort nestled along a creek in Idaho Springs, Colorado. The property encompasses 5.16 acres and includes 9 fully furnished cabins and 5 condos, totaling 7,749 square feet across 12 buildings on two stories. Built between 1930 and 1940, the property has undergone extensive renovations from 2018-2024. Boasting an average 4.9-star rating across Airbnb and Google, the resort enjoys strong occupancy rates (90-95% in peak seasons, 70% in off-seasons), generating a current NOI of $425,083 and a pro-forma NOI of $520,083. The asking price is $8,000,000, representing a 5.31% cap rate and a pro-forma cap rate of 6.50%. The property is zoned C3, offering diverse development potential. Its prime location near I-70 and popular attractions like Blackstone Rivers Ranch ensures consistent demand. The resort's unique blend of rustic charm and modern amenities, coupled with its proximity to Denver (40 minutes), creates a highly desirable destination for tourists and city dwellers seeking a mountain retreat. The property is currently booked primarily through Airbnb, presenting significant potential for revenue growth through expanded marketing and booking platforms. This is a rare opportunity to acquire a thriving hospitality business with substantial upside in a high-demand Colorado mountain location.

Highlights

  • $8,000,000 asking price for a stabilized hospitality investment.
  • 7,749 square feet on 5.16 acres in Idaho Springs, CO.
  • 5.31% cap rate, 6.50% pro-forma cap rate; $425,083 NOI, $520,083 pro-forma NOI.
  • 14 keys across 12 buildings (5 condos, 9 cabins); 2 stories; built 1930-1940, extensively renovated 2018-2024.
  • C3 zoning; located near Blackstone Rivers Ranch, a luxury wedding venue.
  • Strong occupancy rates (90-95% high season, 70% swing months); average 4.9 Airbnb/Google rating.

Property Details for County Clear Crk

Property type
Hospitality properties, Motels
Square Feet
7,749 SF
Year Built
1930
Buildings
12
Stories
2
Lot Size (sq. ft)
224,770 SF

Location Insight

City
Saint Mary's
County
Clear Creek
State
Colorado
Latitude
39.7942815
Longitude
-105.6177942

FAQs

What type of property is this?
Hospitality property - Luxury Cabin & Condo Resort, Idaho Springs
Where is the hospitality property located?
The property is located at County Clear Crk Saint Mary's, CO.
What is the asking price?
The asking price for this property is $8,000,000.
What are key features of this property?
This property features: $8,000,000 asking price for a stabilized hospitality investment.; 7,749 square feet on 5.16 acres in Idaho Springs, CO.; 5.31% cap rate, 6.50% pro-forma cap rate; $425,083 NOI, $520,083 pro-forma NOI.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
County Clear Crk
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message