If you’re looking at Colorado mountain land for sale, you can’t overlook investing in a recreational property for Colorado’s favorite winter sport. Whether you’re considering ski properties for personal recreation, income potential, or proximity to an existing ski resort, there are plenty of Colorado ski properties to check all of your boxes.
But, do ski properties make solid investments, or should you keep that slice of Colorado mountain land for sale all to yourself? Let’s explore the pros and cons of investing in ski properties and what kind of ski property in Colorado is right for you.
What Does a Ski Property Mean to You?
A ski property means different things to different people. As a broker experienced in luxury Western Colorado realty, I’ve seen clients on every end of the spectrum: those looking for a property they can ski on and those looking for prime ski real estate to become the next go-to Colorado slope.
Deciding why you want a ski property will help you set an appropriate budget and refine your search. Here are some options:
- Investing in mountain land for personal recreation
- Investing in a ski resort property to profit off other people’s recreation needs
- Investing in a condo or house near an existing ski resort for personal use or as a short-term rental
Pros of Investing in Colorado Ski Properties
Investing in ski properties, especially in Colorado, almost always guarantees a return on investment. If you invest in a ski resort, you’re dealing with a ready-made market that generates $4.8 billion per year.
On the other hand, you might only have the budget to invest in condos or log cabins for sale in Colorado near existing ski resorts. Short-term rentals in Colorado ski towns generate massive ROI. According to a 2021 Beyond Pricing study, short-term rental prices in Colorado have increased by more than 25% year-over-year, and Colorado ski towns represent some of the highest prices in the United States.
- Telluride, Colorado – Average Price of a Two-Bedroom: $451.69
- Aspen and Vail, Colorado – Average Price of a Two-Bedroom: $383.65
- Crested Butte, Colorado – Average Price of a Short-Term Rental Home: $358
- Breckenridge, Colorado – Average Price of a Two-Bedroom: $344.59
- Steamboat Springs, Colorado – Average Price of a Two-Bedroom: $278.82
Cons of Investing in Ski Properties
So it goes with investing in Colorado mountain land for sale, generating ROI from your ski property requires risk and proper marketing. You’ll want to consider:
- Property Taxes: Colorado ski properties often come with higher tax burdens.
- Property Maintenance: Whether you invest in a luxury ski resort or own a short-term rental property, you must factor maintenance costs into your financial breakdown. You will most likely have to hire a property maintenance team.
- Risky Investment: If you invest in a luxury ski property, be prepared to outshine the competition. Colorado is home to some of the nation’s best ski slopes, so you must buy in the right location, at the right time, and have a marketing plan ready to attract customers.
Buying and Selling Ski Properties in Colorado
Ski properties are great investments for serious buyers with strategic business plans. If ski season has you thinking about buying or selling a Colorado ski property, United Country Real Estate Western Land & Lifestyle Properties is here to help you maximize your ROI. Get in touch to learn more about your investment options.