838b Wapiti Drive, Fraser, CO

$1,820,000

Previous Next

6

Beds

5

Baths

2,801

Square feet

0.12

Acres

About 838b Wapiti Drive

Exclusive mountain retreat with unmatched rental income. This is the only property in the area at this price point that can cashflow at today's standard rates and terms. This remarkable investment property has unparalleled rental history located minutes from the Winter Park Ski Resort. This exquisite 6 bedroom/4.5 bath home, is designed to sleep up to 15 people and has served as both a cherished family ski house and a lucrative rental property, showcasing consistent gross earnings of over $135,000 annually. Whether intended as a family retreat or a high-performing rental property, this property offers exceptional versatility (can be easily locked off as a duplex) and appeal due to its prime location with views of Byers Peak and the Fraser River Valley. Key features include: · Fully furnished with thoughtfully designed interiors featuring high-end finishes, modern amenities, and spacious living areas perfect for entertaining. · Two living room areas, with a lower-level entertainment area, gaming space, walk-out deck, and hot tub. · 2 primary suites (main and upper levels). · Situated within 20 yards of the Black Line bus stop, offering easy access to the ski slopes and local attractions. · Panoramic mountain views from every room, creating an unforgettable setting for guests and family to relax. · Designed for versatility, this home offers the unique advantage of being legally zoned and easily convertible into a duplex (upper unit 4 bed/3.5 bath, lower unit 2 bed/1 bath). Rent both or live in one unit and reduce your mortgage with income from the second unit. · Transferable Short-Term Rental (STR) accounts on Airbnb and VRBO, ensuring a seamless transition for the new owner. · Garage wired for Electric Vehicle Charging (220v). · No Homeowners Association (HOA). · Two furnaces supporting both upper and lower levels. This exceptional property is a rare blend of luxurious living and practical investment opportunity. As is, renting this property as a large single-family home, this property would cashflow on average ~$1,000+ per month (7% interest + 25% down). Whether you're an investor looking for a lucrative rental income property or a family seeking the perfect ski or recreational retreat, this home is designed to meet all your needs. Don't miss out on the chance to own this unique gem - your mountain adventure awaits!

Features of 838b Wapiti Drive

MLS® # 25-487
Price $1,820,000
Bedrooms 6
Bathrooms 5.00
Full Baths 2
Half Baths 1
Square Footage 2,801
Acres 0.12
Year Built 2020
Type Single Family Res
Style Three Story
Status Active

Community Information

Address 838b Wapiti Drive
Area Winter Park Area
Subdivision FRASER
City Fraser
County Grand
State CO
Zip Code 80442

Amenities

Amenities Game Room, Spa/Hot Tub, Laundry
Utilities Cable Available, WI-FI
Parking Addl Parking, Garage Door Opener
# of Garages 1
View River, City, Mountain(s)
Is Waterfront No
Has Pool No

Interior

Interior Features Ceiling Fan(s), Eat-in Kitchen, Fireplace, Master Bedroom, Master Suite, Stove, Walk-In Closet(s)
Heating Forced Air, Natural Gas
Fireplace No
Fireplaces Family Room, Living Room

Exterior

Exterior Gas Grill
Lot Description Public Land, Trees, Near Public Transit, Views
Windows Double Pane Windows
Construction Concrete, Frame

School Information

Elementary Fraser
Middle East Grand
High Middle Park

Additional Information

Date Listed May 1st, 2025
Short Sale No
RE / Bank Owned No

Listing Details

AgentMichael Glunk
OfficeHomeSmart

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?