NOT LISTED FOR SALE

421 Rainbow Dr Unit 2 Silverthorne, CO 80498

Estimated Value: $1,013,923

2 Beds
2 Baths
1,098 Sq Ft
$629/mo HOA Fee

Last Sold September 19, 2025

Last sale price $1,200,000 $1,093 Per Sq Ft

Est. 16% decrease in value since last sale

Current estimated payment $6,243/month

22 Days on Market

Highlights

  • Golf Course Community
  • 1.3 Acre Lot
  • Vaulted Ceiling
  • River View
  • Clubhouse
  • 3-minute walk to Rainbow Park

About This Home

As of September 2025

Penthouse 2 bedroom condo that is ON the Blue River (NOT on Hwy 9), and has some of the best Views in Silverthorne. Enjoy your PRIVATE in-unit elevator that takes you next to your oversized tandem 2 car garage. It is a very short walk across the pedestrian bridge to 4th St Crossing, restaurants, shops, the theatre, Pavilion, and breweries. On the Silverthorne bike path that is outside your door, and across the street from the rec center. Listen to the Blue River flow by from your oversized deck or fly fish. Enjoy the serenity away from the hustle and bustle that this condo offers. Vaulted ceilings, gas fireplace, fresh paint, new light fixtures, new sun shade for deck, seal coated garage, new and custom furniture, double oven, gas range, extra counter space in the kitchen, impeccably maintained, and being offered fully furnished. Newer construction, finished in 2017, you will love the vaulted ceilings and attention to detail of this luxury property. Zone 2 Silverthorne, str allowed -verify with the Town. River's Edge is one of the BEST condos in Summit County and this peaceful Penthouse unit will not disappoint.

Last Agent to Sell the Property

ERIKA B SCHMIDT

Peak Mountain Real Estate Brokerage Phone: (970) 409-9236 License #ER100001617 Listed on: 07/31/2025

Last Buyer's Agent

ERIKA B SCHMIDT

Peak Mountain Real Estate Brokerage Phone: (970) 409-9236 License #ER100001617 Listed on: 07/31/2025

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,465

Year Built

  • Built in 2015

Lot Details

  • River Front
  • West Facing Home

HOA Fees

  • $629 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Oversized Parking
  • Tandem Parking

Property Views

  • River
  • Creek or Stream
  • Mountain

Home Design

  • Entry on the 3rd floor
  • Concrete Foundation
  • Wood Frame Construction
  • Asphalt Roof

Interior Spaces

  • 1,098 Sq Ft Home
  • 4-Story Property
  • Furnished
  • Vaulted Ceiling
  • Ceiling Fan
  • Gas Fireplace

Kitchen

  • Eat-In Kitchen
  • Double Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Radiant Floor
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry closet
  • Washer and Dryer

Schools

  • Silverthorne Elementary School
  • Summit Middle School
  • Summit High School

Utilities

  • Heating Available
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 6517331

Community Details

Overview

  • Rivers Edge Condo Subdivision

Amenities

  • Public Transportation
  • Clubhouse

Recreation

  • Golf Course Community
  • Trails

Pet Policy

  • Only Owners Allowed Pets

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,465

Year Built

Built in 2015

Lot Details

0

HOA Fees

$629 per month

Parking

2

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Road Frontage Type: River
  • Lot Size Acres: 1.3034
  • Road Surface Type: Paved
  • Subdivision Name: RIVERS EDGE CONDO
  • Directions: I70 Silverthorne exit, North to Wendy's, right at light on Rainbow Dr. About 1/2 mile on left across from the rec center. Park on South end of building (Dam side). Walk to first door on WEST side of building (river side) -it will say #2 on it.
  • Entry Level: 3
  • Garage Yn: Yes
  • Unit Levels: One
  • Year Built: 2015
  • Property Sub Type Additional: Condominium
  • Special Features: VirtualTour

Interior Features

  • Furnished: Furnished
  • Appliances: Double Oven, Dryer, Dishwasher, Disposal, Gas Range, Microwave, Refrigerator, Washer, Washer/Dryer
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Gas
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Laminate
  • Interior Amenities: Ceiling Fan(s), Elevator, Fireplace, Granite Counters, High Speed Internet, Cable TV, Vaulted Ceiling(s), Walk-In Closet(s)
  • Living Area: 1098.0
  • Dining Room Type: Eat-in Kitchen
  • Stories: 4

Exterior Features

  • Lot Features: City Lot
  • View: Mountain(s), River, Creek/Stream
  • View: Yes
  • Waterfront Features: River Front
  • Waterfront: Yes
  • Exclusions: No
  • Construction Type: Wood Frame
  • Direction Faces: West
  • Foundation Details: Poured
  • Property Condition: Resale
  • Roof: Asphalt

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Garage, Oversized, Tandem

Utilities

  • Laundry Features: Laundry Closet, In Unit
  • Green Building Features: Drive-In Doors, Wi-Fi
  • Heating: Radiant Floor
  • Heating Yn: Yes
  • Sewer: Connected, Public Sewer
  • Utilities: Electricity Available, Natural Gas Available, High Speed Internet Available, Phone Available, Sewer Available, Trash Collection, Water Available, Cable Available, Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Clubhouse, Golf, Trails/Paths, Public Transportation
  • Association Fee: 7548.0
  • Association Fee Frequency: Annually
  • Association: Yes
  • Pets Allowed: Owner Only, Pet Restrictions

Schools

  • Elementary School: Silverthorne
  • High School: Summit
  • Middle Or Junior School: Summit

Lot Info

  • Current Use: Residential
  • Lot Size Sq Ft: 56776.1
  • Parcel #: 6517331
  • Zoning Description: Multi-Family

Green Features

  • Green Building Verification Type: Unknown

Tax Info

  • Tax Annual Amount: 3465.45
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2023
Closed on
May 5, 2023
Sold by
Jansen Pamela C
Bought by
Cook Ryan Joseph and Cook Dena Jaye
Seller's Agent
ERIKA B SCHMIDT
Peak Mountain Real Estate
Buyer's Agent
John Swartz
Paffrath & Thomas R.E.S.C
List Price
$1,300,000
Sold Price
$1,290,000
Premium/Discount to List
-$10,000
-0.77%
Views
133
Current Estimated Value
$1,013,923

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$276,077
Original Mortgage
$1,032,000
Outstanding Balance
$1,001,817
Interest Rate
6.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 10, 2022
Sold by
Garrett Thomas Edward
Bought by
Thomas E Garrett Protection Trust

Purchase Details

Listed on
Jun 24, 2021
Closed on
Sep 18, 2021
Sold by
Keller Thomas E and Keller Karen L
Bought by
Jansen Pamela C and Mansel Judd R
Seller's Agent
Ryan Walsh
Slifer Smith & Frampton R.E.
Buyer's Agent
ERIKA B SCHMIDT
Peak Mountain Real Estate
List Price
$950,000
Sold Price
$950,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 24, 2021
Closed on
Sep 16, 2021
Sold by
Keller Thomas E and Keller Karen L
Bought by
Jansen Pamela C and Mansel Judd R
Seller's Agent
Ryan Walsh
Slifer Smith & Frampton R.E.
Buyer's Agent
ERIKA B SCHMIDT
Peak Mountain Real Estate
List Price
$950,000
Sold Price
$950,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 11, 2015
Closed on
Oct 26, 2017
Sold by
4Th On 4Th Ltd
Bought by
Keller Thomas E and Keller Karen L
Seller's Agent
Tate Santee
The Real Estate Group
Buyer's Agent
Ryan Walsh
Slifer Smith & Frampton R.E.
List Price
$546,000
Sold Price
$546,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.30%
Original Mortgage
$491,345
Interest Rate
3.78%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Cook Ryan Joseph $1,290,000 None Listed On Document
Thomas E Garrett Protection Trust -- None Listed On Document
Jansen Pamela C $950,000 Land Title Guarantee
Jansen Pamela C $950,000 New Title Company Name
Keller Thomas E $546,000 Land Title Guarantee Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cook Ryan Joseph $1,032,000
Previous Owner Jansen Pamela C $550,000
Previous Owner Jansen Pamela C $550,000
Previous Owner Keller Thomas E $491,345
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/19/2025 09/19/25 Sold $1,200,000 +4.3% $1,093 / Sq Ft
08/22/2025 08/22/25 Pending -- -- --
07/31/2025 07/31/25 For Sale $1,150,000 -10.9% $1,047 / Sq Ft
05/05/2023 05/05/23 Sold $1,290,000 -0.8% $1,175 / Sq Ft View Prior Sale
04/04/2023 04/04/23 Pending -- -- --
03/23/2023 03/23/23 For Sale $1,300,000 +36.8% $1,184 / Sq Ft
09/17/2021 09/17/21 Sold $950,000 0.0% $865 / Sq Ft View Prior Sale
08/18/2021 08/18/21 Pending -- -- --
06/24/2021 06/24/21 For Sale $950,000 +74.0% $865 / Sq Ft
10/27/2017 10/27/17 Sold $546,000 0.0% $497 / Sq Ft View Prior Sale
09/27/2017 09/27/17 Pending -- -- --
11/11/2015 11/11/15 For Sale $546,000 -- $497 / Sq Ft
Source: Summit MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,620 $70,685 -- $70,685
2023 $3,620 $67,000 $0 $0
2022 $2,623 $45,912 $0 $0
2021 $2,646 $47,233 $0 $0
2020 $2,121 $40,446 $0 $0
2019 $2,092 $40,446 $0 $0
2018 $1,854 $34,727 $0 $0
2017 $760 $15,570 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • ERIKA B SCHMIDT

    Seller's Agent in 2025

    ERIKA B SCHMIDT

    Peak Mountain Real Estate

    (970) 409-9236

    8 in this area

    39 Total Sales

    ERIKA B SCHMIDT
    Section Image
  • John Swartz

    Buyer's Agent in 2023

    John Swartz

    Paffrath & Thomas R.E.S.C

    (970) 376-4590

    1 in this area

    41 Total Sales

    John Swartz
    Section Image
  • Ryan Walsh

    Seller's Agent in 2021

    Ryan Walsh

    Slifer Smith & Frampton R.E.

    (970) 668-1550

    13 in this area

    69 Total Sales

    Ryan Walsh
    Section Image
  • Tate Santee

    Seller's Agent in 2017

    Tate Santee

    The Real Estate Group

    (303) 512-3744

    1 in this area

    3 Total Sales

    Tate Santee
    Section Image
See All Agents

Map

Source: Summit MLS

MLS Number: S1061839

Summit MLS

APN: 6517331

Colorado Summit County Silverthorne 80498

421 Rainbow Dr Unit 2, Silverthorne, CO

Not Listed for Sale

Condos

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Summit MLS Copyright © 2025 SAR MLS. The information displayed herein was derived from sources believed to be accurate, but has not been verified by SAR MLS. Buyers are cautioned to verify all information to their own satisfaction. This information is exclusively for viewers’ personal, non-commercial use. Any republication or reproduction of the information herein without the express permission of the SAR MLS is strictly prohibited.

Nearby Homes