45 Creek Cove Crested Butte, CO 81224
Estimated payment $16,804/month
Total Views
8,490
7
Beds
5
Baths
5,898
Sq Ft
$500
Price per Sq Ft
Highlights
- Garage Apartment
- Creek or Stream View
- Deck
- Crested Butte Community School Rated A-
- Fireplace in Bedroom
- Radiant Floor
About This Home
An Unparalleled Investment & Luxury Retreat in Crested Butte. Experience the perfect blend of luxury, investment potential, and mountain tranquility in this exceptional estate in Meridian Lake Meadows, a dream retreat for outdoor enthusiasts and discerning investors alike. Offering an impressive rental history and limitless income potential, this property is a rare opportunity to own a multiunit mountain sanctuary with breathtaking south-facing views of Mt. Crested Butte, Gothic Mountain, and the Elk Mountain Range. Boasting 7 bedrooms, 5 full baths, and 5,898 square feet of exquisitely designed living space on a .53 acre lot, this home offers an unparalleled income producing opportunity with three fully equipped kitchens and separate living areas, ideal for short term rentals, long-term tenants, or a private multi-generational retreat. Nestled between Long Lake and Snodgrass Trail, this prime location ensures year round enjoyment for outdoor lovers, from world class skiing in winter to hiking and biking in the summer. With an expansive wrap-around deck, landscaped yard, and mature aspens and evergreens, the setting is as tranquil as it is stunning. Step through the grand entryway, where 10ft tongue and groove ceilings and a wall of windows frame mesmerizing views. The spacious main level offers a gourmet kitchen with granite countertops, a walk-in pantry, and a large dining space, seamlessly flowing into the expansive living room with a stacked stone gas fireplace, perfect for cozy mountain evenings. A grand half log staircase leads to the primary suite, which enjoys panoramic mountain views, a private deck, and a spa-like ensuite with a jetted tub, walk-in shower, and dual vanities. Two additional bedrooms, a full bath, and an extra living space complete the upper level. Income Producing Separate Living Spaces: Newly finished lower-level apartment: A gorgeous 1-bed, 1-bath suite with a full kitchen, washer/dryer, private entrance, and flagstone patio, offering total privacy for guests or tenants. Garage apartment: A 2-bed, 1-bath, 884 sq. ft. space with its own private entrance, full kitchen, washer/dryer, and mountain views, always rented since the home was built. Expansive basement: Features a large game room, private gym with barn doors, and additional storage. With an established short-term rental history, high occupancy rates, and exceptional guest reviews, this property offers a seamless transition for investors. Offered fully furnished (except the garage apartment furnishings), this turn-key estate is priced at only $500/sq. ft., well below market value. Rarely does a home of this caliber, with this combination of luxury, versatility, and investment opportunity, come to market in Crested Butte. Whether you’re looking for a high-end rental asset, a vacation retreat, or a multi-generational estate, this is an unmissable opportunity. Seize the moment. Schedule your private showing today.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $6,756
Year Built
- Built in 2004 | Remodeled in 2022
Lot Details
- 0.53 Acre Lot
- Cul-De-Sac
- Landscaped
HOA Fees
- $89 Monthly HOA Fees
Property Views
- Creek or Stream
- Mountain
Home Design
- Log Cabin
- Concrete Foundation
- Slab Foundation
- Metal Roof
- Concrete Siding
- Stone Siding
- Log Siding
- Stick Built Home
Interior Spaces
- 5,898 Sq Ft Home
- 2-Story Property
- Furnished
- Tongue and Groove Ceiling
- Ceiling Fan
- Fireplace With Glass Doors
- Gas Log Fireplace
- Window Treatments
- Family Room
- Living Room with Fireplace
- Formal Dining Room
- Game Room
- Home Gym
- Finished Basement
- Walk-Out Basement
Kitchen
- Eat-In Kitchen
- Breakfast Bar
- Built-In Double Oven
- Microwave
- Freezer
- Dishwasher
- Granite Countertops
- Disposal
Flooring
- Wood
- Carpet
- Radiant Floor
- Tile
- Slate Flooring
- Vinyl
Bedrooms and Bathrooms
- 7 Bedrooms
- Fireplace in Bedroom
- Primary Bedroom Upstairs
- Walk-In Closet
- In-Law or Guest Suite
- 5 Full Bathrooms
- Hydromassage or Jetted Bathtub
Laundry
- Dryer
- Washer
Parking
- 2 Car Attached Garage
- Garage Apartment
- Garage Door Opener
Outdoor Features
- Balcony
- Deck
- Covered Patio or Porch
- Outdoor Gas Grill
Additional Homes
- Accessory Dwelling Unit (ADU)
Schools
- Crested Butte Community K-12 Elementary And Middle School
- Crested Butte Community K-12 High School
Utilities
- Vented Exhaust Fan
- Heating System Uses Natural Gas
- Gas Water Heater
- High Speed Internet
- Internet Available
- Phone Available
- Satellite Dish
Community Details
- Association fees include trash, fishing rights, management, road maintenance, common area taxes
- Meridian Lake Meadows / Meridian Lake Park HOA
- Meridian Lake Meadows Subdivision
Listing and Financial Details
- Assessor Parcel Number 317722211007
Map
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Home Values in the Area
Average Home Value in this Area
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 | $6,756 | $105,010 | $21,340 | $83,670 |
| 2023 | $6,756 | $101,320 | $20,590 | $80,730 |
| 2022 | $5,349 | $69,490 | $13,040 | $56,450 |
| 2021 | $4,743 | $71,490 | $13,410 | $58,080 |
| 2020 | $4,258 | $62,260 | $12,440 | $49,820 |
| 2019 | $4,165 | $62,260 | $12,440 | $49,820 |
| 2018 | $3,874 | $55,010 | $11,090 | $43,920 |
| 2017 | $3,887 | $55,010 | $11,090 | $43,920 |
| 2016 | $3,253 | $48,590 | $12,160 | $36,430 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/01/2025 07/01/25 | Price Changed | $2,950,000 | +1.7% | $500 / Sq Ft |
| 07/01/2025 07/01/25 | Price Changed | $2,900,000 | -6.5% | $492 / Sq Ft |
| 03/13/2025 03/13/25 | For Sale | $3,100,000 | -- | $526 / Sq Ft |
Source: Colorado Real Estate Network (CREN)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | Land Title | |
| Special Warranty Deed | -- | Land Title | |
| Deed | $80,000 | -- | |
| Deed | $56,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,078,000 | New Conventional | |
| Closed | $1,025,000 | No Value Available | |
| Previous Owner | $409,550 | New Conventional | |
| Previous Owner | $380,000 | New Conventional | |
| Previous Owner | $100,000 | Stand Alone Second | |
| Previous Owner | $359,650 | Adjustable Rate Mortgage/ARM |
Source: Public Records
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Source: Colorado Real Estate Network (CREN)
MLS Number: 821954
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