$4,100,000
$4,533,475
9.6%For more information regarding the value of a property, please contact us for a free consultation.
10 Beds
11 Baths
8,500 SqFt
SOLD DATE : 11/01/2024
Key Details
Sold Price $4,100,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 8,500 sqft
Price per Sqft $482
Subdivision Griffin Park
MLS Listing ID 5232469
Sold Date 11/01/24
Style Chalet
Bedrooms 10
Full Baths 10
HOA Y/N No
Abv Grd Liv Area 8,500
Originating Board recolorado
Year Built 1995
Annual Tax Amount $13,163
Tax Year 2022
Lot Size 0.320 Acres
Acres 0.32
Property Description
Welcome to a prime investment opportunity in Winter Park, Colorado! This turnkey property at 405 Lions Gate Drive presents a unique chance to own the only luxury boutique hotel in Winter Park. With a total of 10 bedrooms and 11 bathrooms spread across 8500 square feet, this property offers a spacious and inviting atmosphere for guests. Boasting a total lot size of 13939 square feet, the hotel provides a comfortable and accommodating environment.
The property has undergone a comprehensive $1M renovation in 2021-2022, ensuring it is modern and up-to-date. With high ceilings, mountain views, and a fully furnished interior, this hotel is designed to impress. The amenities include a balcony, common laundry, cooktop, dishwasher, disposal, dryer, eat-in kitchen, fireplace, forced air, hot tub, range hood, refrigerator, and walk-in closets, providing guests with the utmost comfort and convenience.
Located in the heart of Winter Park, this hotel is priced 25% below the average price per square foot in the area, making it an attractive investment. The property's existing business, along with the potential for further development and expansion, presents a promising opportunity for the savvy investor. Additionally, the hotel has received awards and recognition from prominent platforms such as Airbnb, Google, Tripadvisor, Booking, Kayak, and Expedia.
With a transferable liquor and restaurant license, as well as Winter Park's only private bar equipped with a modern 4-tap beer system and a full commercial kitchen, this property offers a unique and lucrative investment opportunity. Don't miss the chance to own a piece of Colorado's fastest-growing ski town and resort. Take advantage of the high potential for growth, as evidenced by the highest ADR in the area, increased year-over-year occupancy, and documented organic growth in traffic and direct bookings. This is your chance to own a successful business in a thriving and sought-after location in the heart of Winter Park.
Location
State CO
County Grand
Rooms
Basement Walk-Out Access
Main Level Bedrooms 1
Interior
Interior Features Ceiling Fan(s), Eat-in Kitchen, Five Piece Bath, High Ceilings, Smoke Free, Hot Tub, Walk-In Closet(s), Wired for Data
Heating Forced Air
Cooling None
Flooring Wood
Fireplaces Number 4
Fireplaces Type Bedroom, Family Room, Gas, Great Room, Other
Fireplace Y
Appliance Cooktop, Dishwasher, Disposal, Dryer, Oven, Range Hood, Refrigerator, Washer
Laundry Common Area
Exterior
Exterior Feature Balcony
Utilities Available Internet Access (Wired)
View Mountain(s)
Roof Type Composition
Total Parking Spaces 9
Garage No
Building
Lot Description Near Ski Area
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Frame,Wood Siding
Schools
Elementary Schools Fraser Valley
Middle Schools East Grand
High Schools Middle Park
School District East Grand 2
Others
Senior Community No
Ownership Individual
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
© 2024 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved
6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Bought with Compass - Denver
GET MORE INFORMATION
Realtor | Lic# FA100084202