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248 W Silver Avenue, Crestone, CO 81131

For Sale

$475,000

4 beds • 3 baths • 2,412 sqft

Estimated Payment

$      /mo. †

APR for 30 years

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  • Single Family Detached
    Property type

  • $196.93
    Price per square foot

  • 31-40 Years Old
    Age

Explore this Property

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.
MLS# 2007933

Courtesy Of eXp Realty, LLC

(888) 440-2724

Property Features

  • Age
    31-40 Years Old
  • Architecture Style
    Other
  • Lot Size
    0.33 Acres

Map and Directions

Directions to 248 W Silver Avenue, Crestone, CO 81131

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.