477 Mount Bailey Drive
Bailey, CO 80421
2000 sqft | 3 beds | 2 baths | 1.36 acres | #5435721
Description
This updated 3-bedroom, 2-bathroom mountain home offers the perfect blend of comfort, style, and investment potential. With $99k in gross earnings in 2023 and over $122k in 2024, this home has proven short-term rental success and shows great potential for future income.
Over $100k in recent renovations have been made to enhance the property including luxury vinyl plank flooring on both levels, new windows, an upgraded well tank, new insulation, and updated lighting fixtures throughout. The home comes fully furnished and professionally designed, with all interior and exterior furniture, appliances, and amenities included. This turnkey property is ready for immediate use.
The outdoor space is an entertainer's dream with three spacious decks featuring a variety of dining furniture and seating, a hot tub, a propane fire pit, a hammock, and a porch swing. An exterior shed is already wired for a future sauna, offering additional luxury options for relaxation.
Inside, the updated primary bedroom boasts a cozy wood-burning stove, creating a warm and inviting atmosphere. Both bathrooms have been renovated with new tile and countertops. The kitchen is equipped with stainless steel appliances including a gas range, perfect for any home chef.
Whether you're looking for a serene mountain getaway, a secondary home, or a profitable short-term rental, this property has it all. A full proforma, including 2025 income projections and actual 2023-2024 income statements, is available upon request. Don’t miss the opportunity to own this stunning mountain retreat in Bailey. Reach out today for more information or to schedule a showing!
Property Details
- InteriorCeiling Fan(s), Open Floorplan, Smoke Free, Hot Tub, Tile Counters, Walk-In Closet(s)
- Exterior MaterialsBarbecue, Fire Pit, Spa/Hot Tub
- BasementFinished, Walk-Out Access
- Property SubtypeSingle Family Residence
- SubdivisionBurland Ranchettes
- School DistrictPlatte Canyon RE-1
- High SchoolPlatte Canyon
- Sewer InformationSeptic Tank
- Middle SchoolFitzsimmons
- Elementary SchoolDeer Creek
- Property TypePurchase
- Original List Price$690,000
- MLS #5435721
- MLS #5435721
- Taxes Annual$2,161
- Cost690000
- Structure TypeHouse
- Acres1.36
- Square Feet2000
- Year Built1994
- Utility SourceWell
- CountyPark
- Hoa Fees20
- Fireplaces1
- Bedrooms3
- Bathrooms2
- Full Baths2
- Hoa1
Location
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Listing Courtesy
Listing Agent: Garrett Newell (#REC55053495)
Listing Office: Good Neighbor LLC (#RECM8549)
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