Experience the perfect blend of historic character and modern comfort in Unit #201 at the Palace Hotel Condominiums, ideally located in the center of downtown Salida. Recently updated while preserving its original charm, this inviting space offers a unique opportunity for personal use or investment.
A recent zoning update now allows short-term rental eligibility without requiring Chaffee County residency, opening the door to greater flexibility and income potential.
Inside, the unit is filled with natural light thanks to expansive south- and east-facing windows, creating a bright and welcoming atmosphere throughout. Thoughtfully furnished and move-in ready, the space includes stylish, comfortable pieces and everything needed for immediate enjoyment or rental use.
Enjoy one of Salida's most sought-after locations-just moments from the Arkansas River and Riverside Park, with easy access to local shops, dining, breweries, and year-round events. Whether you're exploring the outdoors or enjoying the vibrant downtown scene, everything is within reach.
Salida is known for its endless recreation, from hiking and biking to rafting, fishing, skiing at Monarch Mountain, and relaxing in nearby hot springs. This property offers a low-maintenance lifestyle in a building rich with history and timeless architectural detail.
Whether you're looking for a turnkey short-term rental, a long-term investment, or a private mountain retreat, this property delivers location, flexibility, and charm in one exceptional package.
Utility FeaturesElectricity Available, Cable Available
SEWERPublic Sewer
WATER SOURCECity
Year Built1950
BasementRadon Test Available
ARCHITECTURAL STYLEChalet
RoofComposition, Flat
Parking FeaturesNone
Lot FeaturesHistoric District, Paved
CITYSalida
SUBDIVISIONThe Palace Hotel Condominiums
COUNTYChaffee
AREAOut of Area
STATECO
COMMUNITY FEATURESCommunity Laundry
HOA1
TAX AMOUNT1215.0
HOA FEE4125.0
HOA FREQUENCYAnnually
LATEST UPDATE2026-04-08T21:51:03.626Z
DAYS ON MARKET8
PRICE CHANGE(S)
$360,000 Mar 30, 2026
Market Trends
New Properties On Market
36
Average Asking Price
$632,136
Average Asking Price / Sq. Ft.
$399
Average Days On Market
15
Data as of Apr 29, 2026.
Remaining statistics above are calculated on activity within the period from Mar 01, 2026 to Mar 31, 2026.
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