248 W Silver Ave Crestone, CO 81131
Estimated payment $2,421/month
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
eXp Realty - ROCC Brokerage Email: kellywestonrealtor@gmail.com,719-480-5347 License #100081566 Listed on: 09/20/2025
Co-Listing Agent
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
Map
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 |
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 |
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: REcolorado®
MLS Number: 2007933
APN: 460407342019
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Ask me questions while you tour the home.