Breckenridge Condo For Sale: 405 Four O’Clock Rd #15A PINE RIDGE Posted on June 11, 2025 - 6:30 pm by Stacy Sanchez Slope-Side Serenity in the Heart of Breckenridge Discover effortless mountain living at 405 Four O’Clock Rd #15A Imagine waking up to snow-dusted peaks, stepping out your front door, and onto world-class ski terrain in just a few minutes. Now stop imagining—and step into the real thing. This ski-in/walk-out, two-bedroom condo in Breckenridge delivers the mountain dream with incredible convenience and unbeatable charm of one of Colorado’s most iconic ski towns. Unmatched Lifestyle in the Heart of Breckenridge Location matters—especially when it’s this good. Nestled at the base of Peak 9, Four O’Clock Road is one of Breckenridge’s most coveted ski access zones. With the Four O’Clock run steps from your door and downtown just a five-minute walk away, this is true ski-to-town living. The Snowflake Lift and Beaver Run Superchair are both close by. Breckenridge itself is more than a ski resort—it’s a vibrant community filled with year-round adventure, culture, and connection. From summer concerts at the Riverwalk Center to winter’s world-famous Snow Sculpture Championships, living here means experiencing the best of every season. Ski-In/Ski-Out Luxury Condo Features This 2-bedroom, 2-bath condo has been thoughtfully updated to blend mountain character with elevated comfort. Abundant Natural Light: Open-concept layout enhanced by large windows and warm timber accents. Designer Kitchen: Stainless appliances, granite countertops, and custom cabinetry—perfect for entertaining after the slopes. Private Deck: Gaze out at mountain views or catch alpenglow skies over happy hour. Heated Tile Floors & Stone Fireplace: Adds cozy elegance for chilly nights in. Private Master Suite: Large enough for a king bed and ensuite bath. Second Bedroom & Bath: Ideal for guests, rentals, or family flexibility. Whether you’re curling up after a powder day or hosting friends for a summer weekend, this home feels equal parts luxurious and livable. Why This Breckenridge Condo Makes Smart Money Sense Ski-in/ski-out real estate is among the most desirable in Colorado’s resort towns, and STR approved inventory remains low. This unit offers a unique investment opportunity: Turnkey Rental Potential: Strong short-term rental history and high demand for location-based stays. Lock-and-Leave Convenience: Low-maintenance property perfect for second homeowners. Appreciating Market: With continued demand and limited new development near the lifts, values remain strong and upward-trending. Who This Home is Perfect For This isn’t just a vacation property—it’s a mountain lifestyle upgrade. It’s ideal for: Active Buyers: Those who want to ski, bike, hike, and explore—all from their front door. Retreat Seekers: Couples or individuals looking for a peaceful, luxury basecamp. Families or Multi-Gen Buyers: Spacious layout, walkable location, and no maintenance to worry about. Investors: Secure, high-demand short-term rental with great ROI and resale potential. Breckenridge Real Estate Snapshot – June 2025 Breckenridge continues to show resilience and strength in the luxury market. MetricJune 2025Median Sold Price$1.49MAvg. Days on Market30YOY Appreciation+3.1%Active InventorySlight Increase from 2024 Buyers are acting quickly when properties hit the market—especially slope-access homes under $2M. (Source: Redfin, Zillow, local MLS) Beyond the Condo: Why Breckenridge Is a Year-Round Gem 200+ Shops & Restaurants on Main Street just steps away Access to Breckenridge Ski Resort, 187 trails, and nearly 3,000 skiable acres Summer Recreation: Miles of hiking and biking trails, paddleboarding on Maggie Pond, and golfing nearby Local Events: Breckenridge Film Festival, Oktoberfest, Ullr Fest, weekly farmers’ markets Wellness & Culture: Spas, yoga studios, art galleries, and music venues throughout town Whether you’re enjoying a morning at Clint’s Bakery, an afternoon hike up Boreas Pass, or a starlit soak in a hot tub, life in Breckenridge is about slowing down and living fully. Why Work With Dina Sanchez & Mountain Habitat With over 35 years of local business expertise and a focus on luxury mountain living for the past ten, Dina Sanchez and the Mountain Habitat team deliver real results with a high-touch, personalized approach. From strategic research to targeted marketing and showing preparation, we work behind the scenes and on the ground to ensure our clients are positioned for success. Ready to Experience This One for Yourself? Don’t miss the opportunity to own this rare slope-side gem. Whether you’re seeking a mountain escape, an income-generating investment, or a place to build lasting memories with family and friends—405 Four O’Clock Rd #15A offers it all. Contact Dina Sanchez and Mountain Habitat Real Estate today to schedule your private showing. Call 970-333-4821Email dina@mountainhabitat.cowww.mountainhabitat.co Notice: JavaScript is required for this content.
Short Term Rental License Information for Breckenridge and Summit County, CO Posted on October 19, 2023 - 2:53 pm by Stacy Sanchez How to Buy an Investment Property near Breckenridge Thanks for reading this Blog about buying a home near the Breckenridge Ski Resort, one of top vacation destinations for families and outdoor enthusiasts. Summit County has become a world famous location for its array of resorts, amenities and outdoor adventure opportunities. We’ve covered this the past few years, and here are a summary of those posts. However, most everything you’ll need is right here on this blog. Breckenridge Real Estate Blog – Market Opinion Winter 2023 Will the Breckenridge Real Estate Market Crash? How to Search for a Breckenridge Short Term Rental Investment Property 7 Reasons Why Now is the The Time To Buy Short Term Rentals in Breckenridge How to Buy a Property in Breckenridge, Colorado Short Term Rental Property Management in Breckenridge Breckenridge, Colorado Real Estate Market Opinion – Winter 2021 Breckenridge Real Estate Investment Analysis for 2020 This blog post is to summarize the current information needed to navigate the various rules and regulations that exist for owners that would like to rent their home. The short list of what’s needed to get an STR (Short Term Rental) license is the following: 1 – Determine your property’s jurisdiction This means that each property will have to adhere and follow the rules that apply to the jurisdiction that governs the property. For example, we are working with a client and their property falls outside of the town limits, and is therefore subject to the rules of Summit County (unincorporated) and not the town that it may be closest to. There are online tools that will help you determine this. 2 – Analyze your renting options While it’s important for some to be able to come and go as their schedule allows, for others, that may not be as important. What I mean is that some owners will choose a Long Term Rental (LTR) as an option for revenue. These owners should have longer absences between visits, which will allow for proper planning for LTRs that are 30 days or longer. Anything less than 30 is considered an STR. 3 – Apply for a license Ok, so after you’ve determined your location and know where you need to apply, then you’ll be ready to apply for the STR license, but ONLY AFTER you have closed on the property. Certain zones will have waitlists and you need to be sure that you’re ok with the area and the situation that is inherited with the purchase of the property. Researching the Different Regulations throughout Summit County The purpose of this post is help provide a comprehensive resource for those looking for a one stop shop for all the various municipalities and communities that affect your ability to obtain an STR license. Please take a look around on this page and if you can’t find what you’re looking for, then please contact us to learn how we can help explain or find an answer for you. We are here to help, as this information isn’t easily found and understood. That’s why I wrote this blog. The official STR page for the Summit County government is here: https://www.summitcountyco.gov/1221/Short-Term-Rentals Short Term Rental Business Planning If you’ve never owned and operated an STR as a business venture, then we have another resource in the works for you. We are putting together an STR Guide that will help owners navigate the various steps to becoming a successful business owner operator. We have run a retail business in town, and know some aspects of business that others might not have. We understand that not everyone is a business person, and we can help provide suggestions and solutions for that lack of experience. With the STR busijess, you’ll need to have a plan for a responsible agent, how to communicate and effectively manage guests needs and occupancy limits, licensing and sales tax reporting. Contact us for your free STR guide. Breckenridge STR License Availability, Current Lists and Waitlists Understanding the nuances of the town maps and how they zig zag around the mountains isn’t easy. We are here to help you if you need it. Most that are tech friendly can click around and find what they’re looking for. But, with properties, you may be looking at GIS and parcel maps that have different layers and can be confusing. Regardless, we will talk you through everything and will doublecheck listing status, STR revenue history and / or projections and can help determine which zone and if there’s a waitlist for the area that is being considered. https://www.townofbreckenridge.com/your-government/short-term-rentals/license-availability-current-lists-and-waitlists Summit County Short Term Rental Information The following information is taken directly from the website of the Summit Realtors. It’s a good start, but some of the information will need to be double checked that it is current and up to date. Source: Summit Realtors We Have Updated STR Information! Read below for Short-term Rental Information for Summit, Park, and Lake Counties as of April 10, 2023. *Clients are encouraged to do their own due diligence and contact the appropriate Town directly for information on a specific property. Blue River: Short-Term Rentals Allowed Information and Applications: Click Here. Contact: Michelle Eddy, Town Administrator970-547-0545michelle@townofblueriver.org Breckenridge – STR’s are Restricted General Policy:Breckenridge limits STR’s By Zones 1, 2, 3 & Resort. Availability of permits is linked to the right. General Info on STR policies, Licensing and Taxes/Fees: Click Here. STR Ordinances: Click Here. Additional STR Ordinances: Click Here. MAP of STR Areas: Click Here. Searchable GIS Map of Zones: Click Here. License Availability, Current Lists and Waitlists: Click Here. Contact: Bela Del Valle, Short-term Rental Code Enforcement970-547-3106Belad@townofbreckenridge.com Dillon- Short-Term Rentals Allowed General information & Licensing: Click Here. Lodging Tax Information: Click Here. Contact: str@townofdillon.com Frisco – Short-Term Rentals Restricted General Policy: Frisco has a maximum of 900 STR licenses. There is currently a waitlist. License Application & waitlist registration: Click Here. STR Guide & FAQ’s: Click Here. STR Ordinance: Click Here. Town Map: Click Here. Contact: Sarah Schwartz, Short-term Rental/Housing SpecialistSarahs@townoffrisco.gov970-668-2571 Keystone Keystone is currently transitioning from Unincorporated Summit County to its own Town. Currently licenses are unlimited. It is unknown what Keystone as a Town will implement for STR’s.Contact: N/A Montezuma – Rentals Not Allowed Under 180 Days STR ordinance: Click Here. Town Map: Click Here. Contact: Sandra Lerner, Town Clerktownclerkmontezuma@gmail.com Summit County (Unincorporated) – Short-Term Rentals Restricted General Policy: Unlimited STR Licenses in Copper Mountain, Keystone *, Tiger Run, and 4 O’Clock and Sawmill Subs in Breckenridge in the Resort Overlay Zone (ROZ). There is a cap on STR’s in all other Neighborhood residential Overlay Zones (NOZ) by Basin in the County. There are two types of Permits: Type I for locals and Type II for STR’s. Type I licenses are available. No new Type II Licenses are available in residential areas of unincorporated Summit County at this time and there is not a waitlist available. General Information & Links: Click Here. Current Caps & Available Permits: Click Here. Basin Locator: Click Here. Ordinance: Click Here. Accessory Apartment/ADU Regulations (At the bottom of the Page): Click Here. Contact: str@summitcountyco.gov970-668-4186 Silverthorne – Restricted with licenses available General Policy: Town of Silverthorne short-term rentals are capped at 10% of the number of units in the majority of Town neighborhoods, Area 1, and 50% of the number of units within the Town Core and Riverfront areas, Area 2. Short-term rentals are not allowed within deed restricted neighborhoods, Area 3. Permits are currently available in Areas 1 & 2. General Information: Click Here. Map of Zones: Click Here. List of Subdivisions by STR area: Click Here. STR Ordinance: Click Here. Contact: Mark Leidel, Community Development Managerstr@silverthorne.org *Unsure of what jurisdiction the property is in? To Find a Properties Town of Jurisdiction, search the County Property Data Search and enter the address: http://gis.summitcountyco.gov/map/ Park County (Unincorporated) General Policy: The County does not limit STR’s but requires licenses and other items as defined in the ordinance linked below. General information: Click Here. Ordinance: Click Here. Contact: str@parkco.us Alma General Policy: The maximum number of STR’s in Alma is 10. None are available at this time, but there is a waiting list. Municipal Code with STR requirements (pages 65-67): Click Here. Municipal Code with maximum of STR units: Click Here. Contact: Any town staff at 719-836-2712 Fairplay General policy: Short-term rental licenses are limited to 15 within the Town of Fairplay. *As of 4/15/23, 5 licenses are available. General Information and Available Permits: Click Here. Ordinance: Click Here. Contact: Janell Sciacca, Town Administrator719-836-2622 x-102 Lake County (Unincorporated) General Policy: Lake County is under a STR moratorium and will not allow any new STR permits for 2023. General Info: Click Here. Ordinance: Click Here. Contact: 719-486-2875 or buildingpermits@co.lake.us Leadville General Policy: STR’s limited to 12% (171 licenses) of residential properties in the City. There are 2 classes of licenses. Class 1 is for owner occupied units and Class 2 is for non-owner occupied units. Class 1 permits do not fall under the 12% maximum licenses. As of April 10th, the City is in the renewal period for licenses but currently is at the maximum 171 permits. They have a very short waitlist of 12 people. General info: Click Here. Ordinance: Click Here. Contact: cityclerk@leadville-co.gov *How to know if the property is in Leadville or Lake County jurisdiction:https://lccgis.maps.arcgis.com/apps/webappviewer/index.html?id=b5d103f931524e319cfc7888528119d6 Notice: JavaScript is required for this content.
How to Search for a Breckenridge Short Term Rental Investment Property Posted on July 21, 2022 - 3:40 pm by Stacy Sanchez How to Search for a Breckenridge Short Term Rental Investment Property This blog is about How to Search for a Breckenridge Short Term Rental Investment Property as it’s become a confusing subject over the last year with many talks and discussions happening in the community. Now, for clarification, this is ONLY for the properties that lie within the Town of Breckenridge town limits and does NOT apply to unincorporated Breckenridge, or any other towns. I’ve already written a comprehensive blog that provides links to the other municipalities in around the Summit County, Colorado area including Blue River, Copper Mountain, Dillon, Frisco, Keystone and Silverthorne. We work with buyers who are researching numerous areas asn an investment possibility, so I even included nearby areas such as Park and Eagle County towns like Alma, Fairply, Vail and Beaver Creek. It’s also a good idea to look into the Denver area as a comparison, so you can find that information on that blog also. You can CLICK HERE TO READ and find those links. >> https://mountainhabitat.co/short-term-rentals-in-breckenridge Town of Breckenridge Overlay Zones The Town of Breck just posted a PDF and searchable map on their Facebook page (July 21, 2022) that shows the most current information about where STRs (Short Term Rental) are allowed, and what zone they would fall under. “We have a new Proposed Short-Term Rental Zoning and Regulations page on our website! On the site you will find the proposed STR cap numbers, a searchable GIS map of Proposed Tourism Overlay Zones, and background information on the ordinance. Council will be reviewing this new ordinance later this summer. Use this link to get the most up to date information on the proposed STR zoning and regulation.“ >>. CLICK HERE FOR LINK If for some reason the link isn’t working, I’m going to provide the information below. I’ve copied the text below just to have it all on this page for easy reference and convenience. Proposed Short Term Rental Zoning and Regulations In the fall of 2021, the Breckenridge Town Council passed an ordinance that would cap the number of short-term rental licenses at a total of 2,200 (not including condo/hotel properties currently considered “exempt”). After implementation of the short-term rental license cap, the Town Council heard the public concern that a blanket cap was insufficient because certain areas of Town are better suited for short-term rentals. The Town Council responded by creating the Tourism Overlay District Task Force. The Task Force was formed to identify areas of Town where additional short-term rental licensing may occur. The Task Force was comprised of members of the public from several sectors, including property management, real estate, short-term rental license exempt properties, at-large citizens, and representatives from Town Council and Planning Commission. The Task Force met six times between November 2021 and February 2022. In April 2022, the Task Force’s recommendation of a three zone approach to short-term rental licensing and a recommended map were presented to Town Council. The three zones can be described as a Tourism Zone (Zone 1), the downtown core (Zone 2), and single family residential areas (Zone 3). A consensus on the exact number of short-term licenses that would be allowed within each zone was not reached by the Task Force; however, they anticipated the zones working so that the number of short-term licenses within Zone 1 would remain the same or possibly increase, the number of short-term licenses within Zone 2 would remain the same or slightly decrease, and the number of short-term licenses in Zone 3 would significantly decrease. The Town Council then held six work sessions regarding the short-term rental zones between April and July 2022. They took the Task Force recommendation and modified the three zone approach so that the zones more closely align with the Town’s established Land Use Districts. On July 12, the Town Council came to an agreement on the following: a new “Resort Properties” definition to replace “exempt” status, the boundaries of the three zones, and proposed cap numbers for each of the zones. The proposed zones and cap numbers represent a compromise to allow for more short-term rental licenses in areas of Town best suited for tourism while staying beneath the overall cap number of 2,200 in Zones 1-3. The table below shows the number of existing short-term rental licenses and the proposed allowed short-term rental licenses within each zone. The proposed zones and updates to the existing ordinance will be presented for adoption at an upcoming Town Council meeting and are subject to change. The Town Council Proposed Tourism Overlay Zones map pdf shows the three proposed short-term rental licensing zones agreed to by the Town Council. A searchable GIS map of the Proposed Tourism Overlay Zones is available here. You can determine a specific property’s zone by searching for the address, subdivision, or schedule number of the property. The proposed license caps do not affect existing short-term rental licenses in any zone. If you currently hold a short-term rental license you will be able to continue to rent your property as normal. Licenses are only relinquished through property sales, since they are non-transferable, or owner non-renewal. As properties are sold or as property owners decide not to renew short term rental licenses, the total number of licenses are anticipated to decrease within Zones 2 and 3, with the goal of eventually meeting the targeted cap numbers. Each zone will be handled separately in terms of license caps and availability of future licenses. The Town Council has to take official action and pass these ordinance revisions before these new laws would take place 35 days after a second reading. Additional information regarding short-term rental licenses and FAQs. Fee revenue generated by short-term rentals will not be included in the Town’s general operating budget. Instead a Regulatory Fee Fund will be established and funds will be used to support the Town’s workforce housing policies and programs, including buy downs, lease-to-locals, acquisition of deed restricted units, and/or construction of new units. For more information on the Town’s housing initiatives please visit the Town’s housing website https://www.townofbreckhousing.com/. For additional information on the short-term rental zones, contact Sarah Crump, Planner I, at sarahc@townofbreckenridge.com. How to Search for a Breckenridge Short Term Rental Investment Property We hope this post was helpful and if you have any questions or need assistance searching, evaluating and negotiating the purchase of a new Breckenridge Short Term Rental Investment Property, the STR rules and relevant regulations, and whatever else could come up. Contact us today or fill out the form below to select the most important needs and wants for your dream home in Breckenridge. Once you have it, you can then enjoy and share it with others that value a high quality family experience in Summit County, Colorado. Real Estate and Property Services. Thanks for reading!
Get to Know Dina Sanchez, Breckenridge Realtor Posted on March 17, 2022 - 4:37 pm by Stacy Sanchez This is a short post, for eXp Realty Broker Associate, Dina Sanchez. The main feature will be a new video, produced by a local videographer. Please take a look and then contact Dina with questions about buying, selling or short term rental investment properties near Breckenridge and Summit County, Colorado. Dina Sanchez - Breckenridge Real Estate and Property SpecialistWatch this video on YouTube Notice: JavaScript is required for this content.
Short Term Rentals in Breckenridge Posted on November 1, 2021 - 1:07 pm by Stacy Sanchez Short Term Rentals in Breckenridge There has been lots of talk around the county, but the first to take action is The Kingdom (aka Breckenridge, ask me about that story sometime), and this blog will share details about how to find details regarding Short Term Rentals in Breckenridge. The “Zoom Boom” or “Great COVID Migration” has brought to light many things that have been on the horizon for many years, and one of those items is the way that real estate, investments and Short Term Rentals (STRs hereafter) all play a role in the Summit County lifestyle and vacation experience. If you’re pressed for time and are looking for links and shortcuts to the appropriate town websites and departments for your short term rental, please scroll down to find the links to those relevant organizations. The Affordable Housing and Workforce Housing Dilemma There are some who are of the mindset that the cap by the Town of Breckenridge and Summit County will help alleviate the workforce housing situation, namely being there is a shortage of long term rentals and “affordable” housing for workers. This cap will not immediately produce housing and solve the issue. What it does do is allow the STR departments to take a look at the current state of STR licenses and what may be possible to do next to incentivize owners to possibly convert their STR to a LTR (Long Term Rental). Many owners initially made their property investment in Breckenridge and Summit County to spend time in the mountains and then chose to rent to short term renters knowing that they could block out dates as they needed to. This would then allow them to enjoy their property as well as help offset maintenance and operating costs of having a mountain property. Converting Short Term Rentals to Long Term Rentals If there was an ultimatum for them to rent as a LTR or not rent at all, many have stated that they would choose not to rent at all and this action would not achieve the goal of providing long term housing for local workers. Simply put, any kind of ultimatum on STR owners will not increase LTR opportunities. This topic is still currently being discussed, with new STR to LTR programs being developed, as well as house purchasing assistance programs for locals. If you are a local reading this and need help finding the right home for you or your family, please reach out and we can help you find the property that works best for your mountain lifestyle. How to Keep Up To Date with the STR Situation in Summit There are other ideas being tossed around, as they have for decades, as this problem is not new and this situation is not unique to Summit County. There are many communities around the world with this situation and some are taking action to address Airbnb’s and STRs in traditionally residential locations. I have a personal document I’m keeping track of recent articles as they are posted, and I try to update this list as new articles are published, but I would suggest checking the Summit Daily News for any official announcements, as well as official government websites, which I will list below as well. Feel free to reach out to me, Stacy, if you would like me to email you the list of articles from the SDN. Short Term Rentals: Changes and Restrictions The following contains information which is succinct and may not be complete or current. These changes are happening almost daily, if not weekly. Please refer to the links provided below to contact the appropriate department for the most recent updates that pertain to your property and home. SUMMIT COUNTY It all started when the county passed an emergency ordinance, a 90 day moratorium on STR licenses that went into effect on September 17, 2021.Exempt locations: Keystone, Copper, Four O’Clock Subdivision, Skiwatch and Tiger Run. This time will allow the county to research and create incentives for property owners to convert their properties into LTRs in “local zones” or initially called “opportunity zones”Two considerations by the board are new zone overlay districts and three types of rental licenses. All license types would be permitted in the “resort zone”, while specific license types would be limited in the “neighborhood zones”. KEYSTONE & COPPER MOUNTAIN These areas are exempt from the Summit County STR restrictions at this time. BRECKENRIDGE The Breckenridge Town council passed a cap on new short-term rental licenses. There are some areas that are exempt from this cap. The number of licenses for this cap is set at a maximum of 2,200 licenses (as of now there are over 3,000).This new ordinance will become active on November 2, 2021.This plan allows for a reduction in permits through attrition. When properties are sold, and licenses are turned in, the permit number will be reduced. When the goal of 2,200 permits is achieved (could be months or even years), the town will begin to issue licenses from properties entered on a waiting list.If an owner has a property with rentals already in place, a 6 month temporary short-term rental license can be issued to the buyer of a currently licensed property to honor pre-sale bookings.For clarification, exempt properties must have on-site 24hr staffed front desk. BLUE RIVER Approximately 20% of homes in Blue River are licensed as short term rentals, but there are NO CHANGES at this time.All STRs operating in the Town of Blue River are currently required to obtain a short term rental license and collect and remit taxes. The Board of Trustees continues to discuss the possible future rules and regulations of short term rentals. FRISCO Update: This effort FAILED to collect enough signatures. There is a citizen initiative to put a vote on the ballot to limit and ban short-term rentals, this movement is still gathering signatures.Town of Frisco is currently researching options, like the other mountain towns are, however no changes or decisions are being made at this time. SILVERTHORNE Similar to Frisco, the Town officials are being observant of actions being taken elsewhere in Summit County, but have made no plans to take any immediate action at this time. Private Property Rights, Commercial vs Residential Zoning Considerations The issue for a lot of owners is that they feel they have the right to do what they want with their property. That’s an understandable position, however, there have always been zoning rules in place for neighborhoods, mainly to minimize or eliminate commercial operations in traditionally residential areas. Before purchasing a home or property anywhere in Colorado, make sure you perform your due diligence and investigate the zoning rules and regulations that are applicable to your property purchase. How to Plan for Upcoming Changes for Short Term Rentals in Breckenridge I suggest you read this blog in its entirety, and follow up with any official government entities that are applicable to your property. If you don’t have the time or are confused, please feel free to reach out to us here at Mountain Habitat, which is comprised of Dina and Stacy Sanchez, longtime Breckenridge locals. Dina is the lead sales broker for real estate and property in the Summit County area and is a luxury property specialist. Stacy Sanchez is a former property manager that is versed in the business aspect of providing an exceptional guest experience and how to prepare a home for multiple families and guests throughout the year. We look forward to helping you navigate these changes, as they are not yet finalized, and if we don’t have the answers ourselves, we will help you find the right people that can provide answers and solutions to your particular situation. Please visit our CONTACT page for more information or use the form below. Thanks for reading! Summit County, Colorado – Town Short Term Rental Information Town of BreckenridgeTown of Blue River Summit CountyFrisco SilverthorneKeystone & Copper Mountain – The resort areas of Keystone and Copper Mountain and portions of the Peak 8 Breckenridge ski area are exempt from this moratorium. Source: https://www.summitcountyco.gov/1221/Short-Term-Rentals Resort Overlay Map: https://www.summitcountyco.gov/DocumentCenter/View/34090/Resort-Overlay-Zone?bidId=Dillon City of Denver Short Term Rentals If you’re curious about the current state of STRs in the Denver area, I’m going to post the link below so that you can research and educate yourself on that area as well. City of Denver Alma, Fairplay and Leadville Short Term Rental Information Leadville currently has a 12% cap on STRs within the town limits. No new licenses are being accepted at this time, due to the cap limit being close to meeting the maximum number of permits according to the cap. STRs outside the town limits would go through the permitting process through the Lake County government. No changes are currently being planned for Alma and Fairplay. Licenses are being accepted as usual. One exception is that no short term rental property license shall be issued for any accommodation unit for which an on-site wastewater treatment system was not permitted and approved (approved 2021). Park County – Alma & Fairplay (south of Breckenridge on Highway 9)Leadville – City of Leadville Zoning Map Lake County Vail, Beaver Creek, Avon and EagleVail Short Term Rental Information A short term rental moratorium was voted down in July, 2021. Approximately 14% of Vail non-resort lodging is comprised of STRs. Over at Beaver Creek, a Beaver Creek Business License is mandatory if a home / condo is rented 4+ days / month.Avon (outside of Beaver Creek) does not allow short term rentals at an HOA level town wide. VailBeaver CreekAvonEagleVail Notice: JavaScript is required for this content.
Short Term Rental Property Management in Breckenridge Posted on March 17, 2021 - 11:56 am by Stacy Sanchez Short Term Rental Property Management in Breckenridge This blog post article is focused on Short Term Rental Property Management in Breckenridge. It will go over considerations and questions to ponder when deciding upon a vacation rental company to take care of your investment. There are close to fifty property management companies near Breck in the Summit County area. Each one operates differently and there is no standard for operations. The author of this article, Stacy Sanchez, was originally introduced to the world of property management when a neighbor had a frozen pipe burst and then asked me to walk through his house on a regular basis to monitor the pipes. I decided to do this as a favor at first, but then realized I had to dig out his walkway and maintain access to the home as well. When the weather was due to dip in the single or negative temperatures, I would put all the faucets on a steady drip, to maintain water flowing and to prevent pipes from freezing again. After a few more friends asked me to do this, I became a trusted contact to walk through properties. After selling our retail business in 2015, we split and Dina became a realtor and I became a short term rental manager for a luxury property management company. After a couple of years there, I joined a company that focused solely on HOA duties, which did not offer interior management services, so as not to present a conflict of interest to owners. My final stint in STR (short term rental) management was with another high end management company that managed 80+ properties in Breckenridge. I learned what best practices are being utilized as standards and what opportunities are being missed along the way. I can effectively analyze and help guide owners between the different companies in the area, and have even discovered a great set of questions that will help you figure out which may be the best fit for you, according to how they answer the questions. What are they? Here they are. This was taken from an article on VRM Intel. Other good articles include: What Investors Don’t Understand about the Short-Term Rental IndustryVrbo Is Performing Better Than Airbnb for Vacation Rental Managers, But Direct Booking Still Number One Revenue Source . . . By A LotFact or Fiction? Mythbusting Hot Vacation Rental TrendsHomeowner Tax Topics: Six Ways You Can Help Cut your Homeowner’s Taxes 13 QUESTIONS AN OWNER MIGHT ASK A PROSPECTIVE VACATION RENTAL MANAGEMENT COMPANY: 1. What will you do differently than others when it comes to marketing my property?This is a chance to show owners how you differentiate your company. 2. I see your commission is X%. What are the other fees I’ll incur, if any? What does your average owner end up paying per month when fees are added? How much are you going to get me for my property in a year?If you (as on owner) ask for a commission rate and they (property management company) go lower, that’ a red flag! Giving a commission rate without seeing the property is another red flag. 3. Tell me how you handle (fill in the blank). Example, billing for changing a lightbulb, plumbing issue, shoveling snow.Detailed questions are a way to understand what is important to owners. Their questions are how they learn about your company. Layout your baggage, and don’t sugar coat it. 4. Tell me about your employees. Are they located here in town? What are your hours?Whom you deal with daily to manage your property does matter. Turn it into a strength and put it out there. 5. What do you take care of in-house, and what do you contract out?Be prepared to explain how you handle housekeeping, maintenance, landscaping, and whether you use employees or contractors. 6. Do you inspect my home after every clean? What is done during the inspection?This may be a question to answer with a question to understand their expectations like: Why is this important to you? What kinds of things are you thinking about regarding an inspection? Housekeeping is one thing, but a full-blown home inspection is another. 7. Why would a guest book with you versus another company or a private owner? What do you do that they don’t? This is where property managers can explain how they’re different. They should have a spark when they answer this one. 8. Do you know what your return guest percentage is and what would your goal be for my house in the first year and up to five years, and why it should matter to me as a property owner?The answer is you care because those are return guests. That allows the management company to push rates up for your house, because there is less they have to fill. 9. How do you set rates and change rates based on market conditions?When you ask this question, there should be a strategy revealed. If a company acts defensive, they are acting like they may not be flexible. 10. What is your involvement in the local community?It is important to be super involved, to be a leader, to know the regulators, and the town officials, and to understand how much influence you can have and how much you can change the course of your company and brand by being involved. 11. How do you get guests to book again?When asked how I compare to a large company across many destinations and many states, I explain that a guest may book your house today, but the next time they book, that company may not care if they rebook, whereas a local company is trying to get them to come back at least to the destination again if not that same house. 12. What is your growth strategy? If so, what type of properties? If not, why not?Are you associating with a large firm that wants to dominate the market? Or a smaller company with a personal touch? As for the type of properties, see if they can explain their brand, or are they taking all that comes? 13. How do you handle light night emergencies?Do they leave a message? Is someone on call? Think about the guest experience. You want the guest to have an incredible time and come back to your house and back to this company, so that’s why you need to ask about the culture of the company and how it handles services. Property managers beware: Once they have a management company in mind, Sarah encourages property owners listening to continue their vetting process by acting like a guest.“Search them on Google. Do they come up on the first page? Go to their website and pretend you are a guest. Do they seem professional? Do they present properties beautifully? I think you should secretly call them, too. It doesn’t help to secret shop a little bit,” she says. Notice: JavaScript is required for this content.
Breckenridge Real Estate Investment Analysis for 2020 Posted on November 14, 2020 - 3:50 pm by Stacy Sanchez Colorado Real Estate and Property Investing The purpose of this blog article is to provide a Breckenridge Real Estate Investment Analysis for 2020 for prospective owners of Summit County property. We get lots of calls from families around the country looking to purchase a condo, or even a single family home as part of their investment strategy in such a volatile time in the stock market. One thing that has proven successful is the valuation of high country homes and real estate. And, with the COVID-19 situation on hand, the demand has only sky rocketed. Summit County 2020 real estate sales surpass $1 billon as Realtors see record-breaking September A recent article in the Summit Daily News has listed September as a top-producing month for realtors in the Breckenridge area. This is not surprising as many people are able to remote work right now and are pursuing a mountain resort lifestyle, which they perceive to be beneficial to overall health and well being. As longtime locals, Dina and I are able to share our favorite local trails and outings with new home owners. We are also able to discuss the nuances and benefits of each town and neighborhood. We have lived in the area for close to 30 years and can give suggestions for properties that fit each client’s needs and desires. According to Land Title Guarantee Co., which compiles data from recorded deeds at the Summit County Clerk and Recorder’s office, September’s sales volume was up 87% from what was seen in the same month last year, and it’s far beyond every September since 2008. The September numbers are on top of what has been a crazy busy year for those in the real estate business. Total year-to-date sales have surpassed $1.3 billion Understanding Short Term Rentals in Breckenridge and Summit County Once the property is under contract is headed towards closing, we can guide clients to the proper authorities within each town for Short Term Rental (STR) guidelines. Each town has its own specific rules, although they are mostly similar. As it is technically a business accruing income revenue from guests, there is a business license required by the Town of Breckenridge (TOB). Click here to go to the page for STR’s within the TOB. And, another quirk around here is that the town limits are not clearly defined with linear straight lines. They zig zag around neighborhoods, some opting in to be considered with the town’s limits, while others that do not are then consider county and have to adhere to the county guidelines for STR’s. If all of this is confusing, I won’t deny, it can be. But, that’s where we come in to help answer questions as I (Stacy, Dina’s husband), have been a professional property manager for companies that manage HOA’s for condos, apartments and townhomes. I have also acted most recently as the Operations Manager for a vacation home rental company and oversaw 80+ large luxury homes in the Breckenridge area. With that background, I can speak from experience when discussing HOA responsibilities and possible scenarios that owners may have questions about. I may also pose situations that may not on the minds of clients, as they wouldn’t think of certain maintenance requirements and scheduling that are left to owners and which are left to the HOA. Responsible Party Addressing STR Guests in your Breckenridge Real Estate Investment One item that is important for both owners, neighbors and guests is that each unit must have a dedicated “Responsible Party” that can address emergencies. What this means is that someone must be made available, within one hour, to assist guests, neighbors or HOA with concerns of the staying guests. Some owners choose to do this themselves, while others opt to pay someone else to do it. Property Management Options and Pricing Tiers Owners looking to keep expenses down have the option to have much involvement, cutting down pricing to as low as 10%. Others want to be “hands off” and can expect to pay for that service, as much as 40-50%, in some instances. There are many property management companies in Summit County, as many as 50 or more and it can be hard to determine which direction to go with your Breckenridge Real Estate Investment. We know and understand that these properties are essentially run as a business and can discuss expenses and revenue strategies that will ultimately benefit the owner. Mountain Habitat on Facebook and Instagram We also post frequently on our social media pages, so click here to go to our Facebook page. We are fans of using Facebook to reach clients and to share pictures of the ski resorts, trails and even videos we create along the way around Colorado. We toured a lot of houses this past summer and one of the things I did was shot clips of the views of the decks. Most owners wanted mountain views from their porch, as work was a primary reason for purchasing the home and this was an easy way to enjoy the mountains. Check out this video below to see a sample from property tours. Click here to go to our Instagram profile. Instagram also has a section called IGTV with videos longer than one minute so go check those out if Instagram is your social feed of choice. Learning More about a Breckenridge Real Estate Investment Please contact us to learn more about Short Term Rental Opportunities in the Breckenridge and Summit County areas! In the meantime, read our previous blog about Fall Hiking and get excited about the mountain lifestyle. Notice: JavaScript is required for this content.