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For sale
  • $675,000

    155 Lamb Mountain Rd, Fairplay, CO 80440

    3beds
    1,596sqft
    : 
    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
    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.
    21 days
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    2,072
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    110
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    Zillow last checked: 10 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#: S1065860MLS LogoOriginating 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
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    Estimated market value

    $661,000

    $628,000 - $694,000

    $2,842/mo

    Price history

    Price history
    DateEventPrice
    1/16/2026Listed for sale$675,000+8.9%$423/sqft
    Source: Altitude Realtors #S1065860 Report a problem
    3/10/2022Sold$620,000-4.5%$388/sqft
    Source: Altitude Realtors #S1029379 Report a problem
    1/25/2022Pending sale$649,000$407/sqft
    Source: Altitude Realtors #S1029379 Report a problem
    12/3/2021Price change$649,000-7.2%$407/sqft
    Source: Altitude Realtors #S1029379 Report a problem
    8/27/2021Price change$699,000-5.4%$438/sqft
    Source: Altitude Realtors #S1029379 Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax 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

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