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$2,500,000
Est. payment /mo
0.32 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Subdivision Chadwick Flats F3
MLS Listing ID 3184231
HOA Y/N false
Annual Tax Amount $11,380
Lot Size 0.320 Acres
Acres 0.32
Property Sub-Type Unimproved Land
Source REcolorado
Property Description
This is a rare and remarkable opportunity to develop in one of Steamboat Springs' most coveted zones. This ready to build lot is one of the last remaining build sites in the Green Zone, the only area in Steamboat that allows short-term rentals, including Airbnbs. Just three-minutes to the gondola, this prime location offers unbeatable access to skiing, restaurants, and the vibrant apres-ski scene. What makes this opportunity truly exceptional is that construction can begin the moment you close. Permits and architectural plans are fully paid and approved, and utilities including water, gas, electric, and transformer installation are already completed. The included renderings showcase a thoughtfully designed, luxury multi-unit build totaling over 12,500 square feet. With construction costs estimated around $400 per square foot, the total build is projected to be around $7.5 million. Comparable new developments in the area are selling for $1,000-$1,200 per square foot, offering a projected resale value of $12.5 million or more, leaving significant profit potential on the table. Whether you're a developer seeking your next winning project or an investor looking for passive income and long-term appreciation, this property delivers. The current design offers three high-end residences, providing flexibility to keep one unit as a private mountain retreat, use another as a high-income Airbnb, and sell the third for an immediate return. With its strategic location, fast-track build readiness, and strong upside, this is more than just land, it's a launchpad for lasting value in one of Colorado's most iconic destinations.
Location
State CO
County Routt
Area Out Of Area
Zoning RR-1
Exterior
Utilities Available Natural Gas Available, Electricity Available
View Mountain(s)
Building
Sewer City Sewer, Public Sewer
Water City Water
New Construction false
Schools
School District Steamboat Springs Re-2
Others
Senior Community false
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Listed by Lori Abbey • Compass - Denver • lori@theabbeycollection.com,720-840-4984