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Sold for $690,000 on 03/13/25
  • $690,000

    477 Mount Bailey Drive, Bailey, CO 80421

    3beds
    2,000sqft
    Single Family Residence
    Built in 1994
    1.36 Acres Lot
    $697,200 Zestimate®
    $345/sqft
    $3,273 Estimated rent

    What's special

    This updated 3-bedroom, 2-bathroom mountain home offers the perfect blend of comfort, style, and investment potential. With $99k in gross earnings in 2023 and over $122k in 2024, this home has proven short-term rental success and shows great potential for future income. Over $100k in recent renovations have been made to enhance the property including luxury vinyl plank flooring on both levels, new windows, an upgraded well tank, new insulation, and updated lighting fixtures throughout. The home comes fully furnished and professionally designed, with all interior and exterior furniture, appliances, and amenities included. This turnkey property is ready for immediate use. The outdoor space is an entertainer's dream with three spacious decks featuring a variety of dining furniture and seating, a hot tub, a propane fire pit, a hammock, and a porch swing. An exterior shed is already wired for a future sauna, offering additional luxury options for relaxation. Inside, the updated primary bedroom boasts a cozy wood-burning stove, creating a warm and inviting atmosphere. Both bathrooms have been renovated with new tile and countertops. The kitchen is equipped with stainless steel appliances including a gas range, perfect for any home chef. Whether you're looking for a serene mountain getaway, a secondary home, or a profitable short-term rental, this property has it all. A full proforma, including 2025 income projections and actual 2023-2024 income statements, is available upon request. Don’t miss the opportunity to own this stunning mountain retreat in Bailey. Reach out today for more information or to schedule a showing!

    Zillow last checked: 7 hours ago

    Listing updated: March 15, 2025 at 08:48am

    Listed by:

    Garrett Newell 425-443-9743 garrett@thegoodneighbors.com,

    Good Neighbor LLC

    Bought with:

    Chantal Duame, 100078764

    Good Neighbor LLC

    Source: REcolorado,MLS#: 5435721MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    • Main level bathrooms: 1
    • Main level bedrooms: 1
    Primary bedroom
    • Level: Main
    • Area: 266 Square Feet
    • Dimensions: 14 x 19
    Bedroom
    • Level: Basement
    • Area: 170 Square Feet
    • Dimensions: 17 x 10
    Bedroom
    • Level: Basement
    • Area: 208 Square Feet
    • Dimensions: 16 x 13
    Bathroom
    • Level: Basement
    Bathroom
    • Level: Main
    Other
    • Level: Basement
    Dining room
    • Level: Main
    • Area: 120 Square Feet
    • Dimensions: 10 x 12
    Family room
    • Level: Basement
    • Area: 190 Square Feet
    • Dimensions: 10 x 19
    Kitchen
    • Level: Main
    Living room
    • Level: Main
    • Area: 266 Square Feet
    • Dimensions: 19 x 14
    Heating
    • Forced Air, Propane
    Cooling
    • Other
    Appliances
    • Included: Dishwasher, Disposal, Dryer, Microwave, Oven, Range, Refrigerator, Washer
    Features
    • Ceiling Fan(s), Open Floorplan, Smoke Free, Tile Counters, Walk-In Closet(s)
    • Flooring: Tile, Vinyl
    • Basement: Finished,Walk-Out Access
    • Number of fireplaces: 1
    • Fireplace features: Bedroom, Wood Burning Stove
    • Furnished: Yes
    Interior area
    • Total structure area: 2,000
    • Total interior livable area: 2,000 sqft
    • Finished area above ground: 1,000
    • Finished area below ground: 1,000

    Property

    Parking
    • Total spaces: 2
    • Details: Off Street Spaces: 2
    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: Deck
    • Exterior features: Barbecue, Fire Pit
    • Has spa: Yes
    • Spa features: Spa/Hot Tub, Heated
    Lot
    • Size: 1.36 Acres
    Details
    • Parcel number: 16595
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Mountain Contemporary
    • Property subtype: Single Family Residence
    Materials
    • Cedar, Frame, Wood Siding
    • Roof: Composition
    Condition
    • Year built: 1994

    Utilities & green energy

    • Water: Well

    Community & neighborhood

    Location
    • Region: Bailey
    • Subdivision: Burland Ranchettes

    HOA & financial

    HOA
    • Has HOA: Yes
    • HOA fee: $20 annually
    • Association name: Burland Ranchettes

    Other

    Other facts
    • Listing terms: Cash,Conventional,FHA,VA Loan
    • Ownership: Individual
    Services availability
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