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 $525/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.
Active
$3,100,000
45 Creek Cove, Crested Butte, CO 81224
7beds
5,898sqft
Est.:
Stick Built
Built in 2004
0.53 Acres Lot
$-- Zestimate®
$526/sqft
$-- HOA
What's special
Stacked stone gas fireplaceMountain viewsPanoramic mountain viewsExpansive basementPrivate deckFlagstone patioBreathtaking south-facing views
- 44 days
- on Zillow |
- 287 |
- 3 |
Zillow last checked: 7 hours ago
Listing updated: March 17, 2025 at 08:05am
Listed by:
Jesse Ebner 970-713-2000,
Signature Properties Ebner & Associates, LLC
Source: CREN,MLS#: 821954

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 5
- Full bathrooms: 5
Primary bedroom
- Level: Upper
Dining room
- Features: Eat-in Kitchen, Kitchen Bar, Separate Dining
Cooling
- Ceiling Fan(s)
Appliances
- Included: Dishwasher, Disposal, Double Oven, Dryer, Exhaust Fan, Freezer, Microwave, Oven-Wall, Range, Refrigerator, Washer
Features
- All Furnishings, Ceiling Fan(s), Granite Counters, Guest Quarters, Pantry, Walk-In Closet(s), Fitness Room, Game Room
- Flooring: Carpet-Partial, Hardwood, Other, Slate, Tile, Vinyl
- Windows: Window Coverings
- Basement: Walk-Out Access,Basement-dug out,Finished,Insulated
- Has fireplace: Yes
- Fireplace features: Bedroom, Gas Log, Glass Doors, Living Room
- Furnished: Yes
Interior area
- Total structure area: 5,898
- Total interior livable area: 5,898 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Attached Garage, Garage Door Opener
- Attached garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered Porch, Deck
- Exterior features: Balcony, Gas Grill, Landscaping
- Has spa: Yes
- Spa features: Bath
- Has view: Yes
- View description: Mountain(s)
- Has water view: Yes
- Water view: Stream/River
Lot
- Size: 0.53 Acres
- Features: Cul-De-Sac
Details
- Parcel number: 317722211007
- Zoning description: Residential Single Family
- Other equipment: Satellite Dish
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Log
- Property subtype: Stick Built
Materials
- Concrete/Block, Wood Frame, Concrete, Log Siding, Stone
- Foundation: Slab, Concrete Perimeter
- Roof: Metal
Condition
- New construction: No
- Year built: 2004
Utilities & green energy
- Sewer: Public Sewer
- Water: City Water
- Utilities for property: Electricity Connected, Internet, Internet - DSL, Natural Gas Connected, Phone - Cell Reception, Phone Connected
Community & HOA
Community
- Subdivision: Meridian Lake Meadows
HOA
- Has HOA: Yes
- HOA name: Meridian Lake Meadows / Meridian Lake Park
Location
- Region: Crested Butte
Financial & listing details
- Price per square foot: $526/sqft
- Tax assessed value: $764,060
- Annual tax amount: $6,756
- Date on market: 3/13/2025
- Electric utility on property: Yes
- Road surface type: Paved
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