$439,000
UNDER CONTRACT $36K PRICE DROP

248 W Silver Ave Crestone, CO 81131

Estimated payment $2,421/month

Total Views 1,204
4 Beds
3 Baths
2,412 Sq Ft
$182 Price per Sq Ft

Highlights

  • Wood Burning Stove
  • No HOA
  • Living Room
  • Bonus Room
  • Fireplace
  • Heating System Uses Propane

About This Home

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.

Listing Agent

Kelly Weston

eXp Realty - ROCC Brokerage Email: kellywestonrealtor@gmail.com,719-480-5347 License #100081566 Listed on: 09/20/2025

eXp Realty - ROCC

Co-Listing Agent

Emily Donaldson

eXp Realty - ROCC Brokerage Email: kellywestonrealtor@gmail.com,719-480-5347 License #100084600

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,904

Year Built

  • Built in 1985

Lot Details

  • 0.33 Acre Lot

Parking

  • 3 Parking Spaces

Home Design

  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,412 Sq Ft Home
  • 2-Story Property
  • Fireplace
  • Wood Burning Stove
  • Living Room
  • Bonus Room

Bedrooms and Bathrooms

Schools

  • Crestone Charter Elementary School
  • Moffat Middle School
  • Moffat High School

Utilities

  • No Cooling
  • Heating System Uses Propane
  • Well
  • Septic Tank

Community Details

  • No Home Owners Association
  • Crestone Subdivision

Listing and Financial Details

  • Exclusions: Sellers & tenants personal property.
  • Assessor Parcel Number 4604-073-42-021

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,904

Year Built

Built in 1985

Lot Details

0.33 Acres

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Structure Type: House
  • Levels: Two
  • Year Built: 1985
  • Above Grade Finished Sq Ft: 2412
  • Exclusions: Sellers & tenants personal property.
  • Living Area: 2412
  • Pets Allowed: Yes
  • SubdivisionName: Crestone
  • Co List Office Mls Id: RECEXPC3
  • Ownership: Individual
  • Property Attached Yn: No
  • REC_BasementLevelBedrooms: 0
  • REC_ExpectedActiveDate: 2025-09-20
  • REC_RVSpaces: 0
  • REC_UpperLevelBathrooms: 1
  • REC_UpperLevelBedrooms: 3
  • REC_WaterIncludedYN: 1
  • Special Features: UnderContract

Interior Features

  • Full Bathrooms: 2
  • Basement: No
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 4
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1

Exterior Features

  • Roof: Shingle
  • Construction Materials: Frame

Garage/Parking

  • Attached Garage: No
  • Total Parking Spaces: 3

Utilities

  • Sewer: Septic Tank
  • Cooling: None
  • Heating: Electric, Propane, Wood Stove
  • Water Source: Well

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Association/Amenities

  • REC_AssociationFee2Annual: 0.00
  • REC_AssociationFee3Annual: 0.00
  • REC_AssociationFeeAnnual: 0.00
  • REC_AssociationFeeTotalAnnual: 0.00

Schools

  • Middle Or Junior School: Moffat

Lot Info

  • Parcel Number: 4604-073-42-021
  • Lot Size Acres: 0.33
  • Building Area Total: 2412
  • Lot Size Sq Ft: 14374.8

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 1904

MLS Schools

  • Elementary School: Crestone Charter
  • High School: Moffat

Map

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Property History

Date Event Price List to Sale Price per Sq Ft
10/01/2025 10/01/25 Price Changed $439,000 -7.6% $182 / Sq Ft
09/20/2025 09/20/25 For Sale $475,000 -- $197 / Sq Ft
Source: REcolorado®

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Quit Claim Deed -- None Listed On Document
Interfamily Deed Transfer -- None Available
Warranty Deed $210,400 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $402,000 Reverse Mortgage Home Equity Conversion Mortgage
Previous Owner $240,000 New Conventional
Source: Public Records

Source: REcolorado®

MLS Number: 2007933

REcolorado®

APN: 460407342019

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