Turnkey Mountain Home with Income, Expansion Potential & Unobstructed Views
Located in the gated Warm Springs community of Fairplay, this fully furnished, turnkey mountain home offers an ideal blend of privacy, income potential, and room to grow. The home features 2 bedrooms, 2 bathrooms, plus a third non-conforming bedroom, providing flexible space for guests, an office, or additional sleeping accommodations.
With 1,596 finished square feet and an additional 1,354 square feet of unfinished basement, the property offers excellent future expansion. Plans for a 5-bedroom septic system are available, adding long-term value and flexibility.
Currently operating as a highly successful short-term rental generating over $54,000 annually, this home is well-suited for investors or buyers seeking a mountain retreat that produces income. An owner’s closet allows for personal storage while maintaining full rental functionality.
Interior features include wood-grain tile flooring, granite countertops, knotty hickory cabinetry, and a striking river-rock wood-burning fireplace. The primary suite includes a steam shower, creating a spa-like experience after a day outdoors.
Enjoy expansive mountain views from the hot tub, surrounded by a mix of aspens and pines. The home sits across from a horse pasture, ensuring lasting open space and unobstructed views, and offers direct access to National Forest from the edge of the lot.
Additional highlights include a standing-seam metal roof, new exterior stain, fresh road base on the driveway, community water system, plus access to tennis courts, private fishing rights, and a community clubhouse.
A rare opportunity for income, lifestyle, and future growth in a classic Colorado mountain setting.
For sale
$675,000
155 Lamb Mountain Rd, Fairplay, CO 80440
3beds
1,596sqft
Est.:
Single Family Residence
Built in 2002
1.87 Acres Lot
$661,000 Zestimate®
$423/sqft
$140/mo HOA
What's special
Striking river-rock wood-burning fireplaceHot tubExpansive mountain viewsGranite countertopsKnotty hickory cabinetryNew exterior stainStanding-seam metal roof
- 21 days |
- 2,065 |
- 110 |
Zillow last checked: 8 hours ago
Listing updated: January 16, 2026 at 12:48pm
Listed by:
Courtney Peel courtpeel21@gmail.com,
eXp Realty, LLC, Mountain House Properties,
Katie Stamp 970-688-1414,
eXp Realty, LLC, Mountain House Properties
Source: Altitude Realtors,MLS#: S1065860
Originating MLS: Summit Association of Realtors
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Level: Main
Bedroom
- Level: Main
Bathroom
- Level: Main
Bonus room
- Level: Main
Dining room
- Level: Main
Kitchen
- Level: Main
Laundry
- Level: Main
Living room
- Level: Main
Other
- Level: Main
Heating
- Baseboard, Electric
Appliances
- Included: Built-In Oven, Electric Cooktop, Disposal, Microwave, Refrigerator, Dryer, Washer
Features
- Ceiling Fan(s), Entrance Foyer, Eat-in Kitchen, Fireplace, Granite Counters, Hot Tub/Spa, Kitchen Island, Marble Counters, Primary Suite, Smoke Free, Tile Counters, Vaulted Ceiling(s), Walk-In Closet(s)
- Flooring: Tile
- Basement: Unfinished
- Has fireplace: Yes
- Fireplace features: Wood Burning
- Furnished: Yes
Interior area
- Total interior livable area: 1,596 sqft
Property
Parking
- Total spaces: 1
- Parking features: Garage
- Garage spaces: 1
Features
- Levels: Two,Multi/Split
- Has view: Yes
- View description: Meadow, Mountain(s), Trees/Woods
Lot
- Size: 1.87 Acres
- Features: Borders National Forest, Level, Many Trees, Sloped
Details
- Parcel number: 39338
- Zoning description: Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Frame, Wood Siding
- Roof: Metal
Condition
- Resale
- Year built: 2002
Utilities & green energy
- Sewer: Septic Tank
- Water: Community/Coop, Well
- Utilities for property: Electricity Available, Municipal Utilities, Phone Available, Trash Collection, Water Available, Septic Available
Community & HOA
Community
- Features: Trails/Paths, Clubhouse, Fishing
- Subdivision: Warm Springs
HOA
- Has HOA: Yes
- Amenities included: Snow Removal, Tennis Court(s)
- HOA fee: $1,680 annually
Location
- Region: Fairplay
Financial & listing details
- Price per square foot: $423/sqft
- Tax assessed value: $684,837
- Annual tax amount: $2,470
- Date on market: 1/16/2026
- Exclusions: No
- Road surface type: Dirt
Estimated market value
$661,000
$628,000 - $694,000
$2,842/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 1/16/2026 | Listed for sale | $675,000+8.9%$423/sqft |
Source: | ||
| 3/10/2022 | Sold | $620,000-4.5%$388/sqft |
Source: | ||
| 1/25/2022 | Pending sale | $649,000$407/sqft |
Source: | ||
| 12/3/2021 | Price change | $649,000-7.2%$407/sqft |
Source: | ||
| 8/27/2021 | Price change | $699,000-5.4%$438/sqft |
Source: Altitude Realtors #S1029379 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,470 +4.6% | $45,890 +12.9% |
| 2024 | $2,362 +42.1% | $40,640 -15.7% |
| 2023 | $1,663 +5.2% | $48,210 +85.6% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$3,775/mo
Principal & interest
$3208
Home insurance
$236
Other costs
$331
Climate risks
Neighborhood: 80440
Nearby schools
GreatSchools rating
- 4/10Edith Teter Elementary SchoolGrades: PK-5Distance: 5.2 mi
- 6/10Silverheels Middle SchoolGrades: 6-8Distance: 5.2 mi
- 4/10South Park High SchoolGrades: 9-12Distance: 5.2 mi
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