248 W Silver AvenueCrestone, CO 81131Price: $439,000

  • Price: $439,000
  • Est. Mortgage of $/month
  • 178 Days on Market
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Federal 30-year interest rate: 6.0% last updated on Mar 5, 2026
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
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  • $439,000List Price
  • 4Bedrooms
  • 3Bathrooms
  • 0.33Acreage
  • 2,412Square Feet
Pending

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Location, location, locationthis once-in-a-lifetime opportunity offers two income-producing properties in the very heart of downtown Crestone! Fronting W Silver Ave beside a park and year-round creek, this rare package blends a prime setting with versatile living and investment potential. The spacious main home reflects artistic Southwest design with an updated stone-accented kitchen, a decorative kiva-style fireplace paired with a large wood-burning stove, and soaring 16' ceilings in the great room. Expansive windows invite natural light and frame glimpses of the Sangre de Cristo Mountains, while sliding doors open to a private garden with raised beds, bamboo fencing, and space for outdoor dining or relaxation. Upstairs, a separate income-generating apartment offers its own private entrance, high ceilings, wood-burning stove, full kitchen, and a sunny deck for morning coffee or evening stargazing. With three bedrooms and generous living space, this “treehouse retreat” has thrived as a successful Airbnb averaging ~$3,000/mo and most recently as a long-term rental producing ~$1,800/mo. Also included is a charming one bedroom detached cottage, currently providing additional income, while a barn to the rear of the property offers appealing renovation potential. Set in the peaceful Deer Park area, the property is a natural sanctuary frequented by deer and shaded by mature trees, yet only steps from cafs, restaurants,Elephant Cloud market, art galleries, and community events. Whether you’re seeking a spacious private residence, dependable rental income, or a visionary downtown live/work setup, this rare opportunity captures the best of Crestone living. Prior concept sketches explored mixed-use ideas; buyers should verify any commercial or redevelopment potential with the Town of Crestone and Saguache County. Property is being sold in as-is condition. Seller encourages inspections, but will not be offering inspection resolution concessions or repairs.

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Listed by Niamh Kelly-Weston of eXp Realty - ROCC (kellywestonrealtor@gmail.com,719-480-5347)

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