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$2,500,000

Address Hidden

This is a rare and remarkable opportunity to develop in one of Steamboat Springs' most coveted zones. This ready to build lot is one of the last remaining build sites in the Green Zone, the only area in Steamboat that allows short-term rentals, including Airbnbs. Just three-minutes to the gondola, this prime location offers unbeatable access to skiing, restaurants, and the vibrant apres-ski scene. What makes this opportunity truly exceptional is that construction can begin the moment you close. Permits and architectural plans are fully paid and approved, and utilities including water, gas, electric, and transformer installation are already completed. The included renderings showcase a thoughtfully designed, luxury multi-unit build totaling over 12,500 square feet. With construction costs estimated around $400 per square foot, the total build is projected to be around $7.5 million. Comparable new developments in the area are selling for $1,000-$1,200 per square foot, offering a projected resale value of $12.5 million or more, leaving significant profit potential on the table. Whether you're a developer seeking your next winning project or an investor looking for passive income and long-term appreciation, this property delivers. The current design offers three high-end residences, providing flexibility to keep one unit as a private mountain retreat, use another as a high-income Airbnb, and sell the third for an immediate return. With its strategic location, fast-track build readiness, and strong upside, this is more than just land, it's a launchpad for lasting value in one of Colorado's most iconic destinations.
Offered By
Lori Abbey lori@theabbeycollection.com,720-840-4984, Compass - Denver

Property Details

Property Type Land
Status Active
Property Sub Type Unimproved Land
MLS # 3184231

Market Trends

New Properties On Market
7,544
30% Increase In New Listings
Average Asking Price
$759,834
$33,633 Decrease In Avg Asking Price
Average Asking Price / Sq. Ft.
$292
$12 Decrease In List Price/Sq. Ft.
Average Days On Market
19
22 Day Decrease In Days On Market
Data as of Jul 19, 2025. Remaining statistics above are calculated on activity within the period from May 01, 2025 to Jun 30, 2025.

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Information deemed reliable but not guaranteed by the MLS. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data Source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules. © 2025 IRES. Property data was last updated on 7/8/2025 at 6:33 pm