Property Description

Position your capital in Steamboat Springs. Unit #128 at the Phoenix combines a walk-to-slopes location with a versatile layout for maximum rental yield, 1031 exchange consideration. Located in Short-Term Rental Zone A (Green Zone), buyers face zero regulatory hurdles to cash in on the year-round tourism market. This guarantees maximum asset exposure on booking platforms without restrictive caps. • Unlike standard mountain condos, this floor plan features a fully functional lock-off studio with its own kitchen and private entry. This unique configuration lets you rent the entire 3BR/4BA footprint to large groups for premium holiday rates, or rent the studio and the main 2BR unit separately to dual parties simultaneously, doubling booking frequency. Owners can also stay on one side while renting the other, allowing the asset to subsidize personal vacations. • Income potential is proven: the studio space alone generated approx. $21,000 gross in 2023 and grew to $24,513 in 2024. With the full unit available, this predictable revenue stream makes it an attractive vehicle for 1031 exchange investors looking to diversify portfolios with a high-performing resort asset. • Skip the hassle of renovations. This unit is sold fully furnished, completely turnkey, and extensively updated. Premium interior finishes include granite slab countertops, stainless steel appliances, a cozy fireplace, remodeled bathrooms, new lighting, fresh carpet, and updated window coverings. Relax outside on your private deck, or stay cool in the summer with integrated air conditioning. • Upgrades feature a newer boiler for efficient winter heating, a rare 1-car garage also used to secure storage for ski gear, and a carport space. • The Phoenix functions as a full-service resort managed by First Chair. After a day exploring world-famous Champagne Powder, owners and guests can enjoy a heated outdoor pool, common hot tub, fitness center, sauna, and clubhouse with a pool table.

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Cindy MacGray & Charis Petty