248 W Silver Avenue
Crestone, CO, 81131 $ 439,000
Bedrooms4 Baths3.0 Sq 2,412 Monthly Estimate*
$ 2,739
Listed by eXp Realty - ROCC
for $439,000 with 4 bedrooms and 3 full baths. This 2,412 square foot home was built in 1985 on a lot size of 0.33.
Location, location, location—this 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 cafés, 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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FeaturesGeneralSewer Septic Tank
Heating Electric Propane Wood Stove
Cooling None
Possession Closing/DOD Negotiable
Roof Shingle
Zoning Residential
Garage Spaces 0
Construction Materials Frame
Exclusions Sellers & tenants personal property.
Pets Allowed Yes
Year Built 1985
Levels Two
Property Subtype Single Family Residence
Tax Year 2024
Ownership Individual
County Saguache
Property Type Residential
HOA N
Attached Garage N
Contingency None Known
Subdivision Name Crestone
Full Baths 2
Status Pending
High School Moffat
City Crestone
Senior Community Y/N N
High School District Moffat 2
Lot Size Units Acres
Lot Size Square Feet 14374.8
Carport Spaces 0
Listing Terms 1031 Exchange Cash Conventional
Elementary School Crestone Charter
Tax Annual Amount 1904
Middle/Junior High School Moffat
Structure Type House
Standard Status Active Under Contract
Occupancy Type Tenant
Middle/Junior School District Moffat 2
Elementary School District Moffat 2
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InteriorFurnished Y/N Unfurnished
Basement (Y/N) N
Above Grade Finished Area 2412
Half Baths 0
1/4 Baths 0
3/4 Baths 1
Total Bedrooms 4
Main Level Bedrooms 1
Main Level Bathrooms 2
Total Baths 3
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ExteriorWater Source Well
Total Parking 3
Lot Size Area 0.33
Building Area Total 2412
Lot Size Acres 0.33
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $2,739
- Monthly Property Taxes
- $159
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Crestone, CO
Average List Price $442,250
Percent of Sale Price 1%
About Crestone, CO 158 Population
87% Since 2002
$ 33,269 Median Income
56.95 Median Age
17% Households with Children
Trends Information provided by ATTOM Data Solutions.
3043861 Elementary School
3043427 Middle School
Moffat High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/1/2025 | $439,000 | -7.58% | Price Down |
| 9/13/2025 | $475,000 | | Listed Price |