470 Homestead Rd, Bailey, CO, 80421

This is your chance to build equity in a beautiful mountain town! The largest home on the 285 Corridor under $550,000. With tasteful updates, after repair value could easily support $700,000. This kind of OPPORTUNITY for a solid home, with great bones and endless potential doesn't come along often. Previous buyers didn't get their contingent home under contract. We are back on the market to no fault of the property or the sellers. With a brand-new 1,000-gallon septic tank installed and the property freshly cleared, this 5-bed, 2-bath, 2,545 sq. ft. mountain home is the best price per square foot in the area-making it an unbeatable investment. You know how valuable a usable lot is and this one sits on a beautiful 1 acre lot, complete with a double circle driveway and backing to 40 private acres for additional privacy. You'll love the spacious layout, and the flexibility to customize as you wish. Upstairs there's a large living space, 2 bedrooms and a primary suite. The lower level features roughed-in plumbing for a third bathroom, an additional living space and 2 bonus rooms which could be used as bedrooms as well, giving you the chance to expand and design this home to fit your needs. As part of the Burland Ranchettes community, you'll also enjoy exclusive access to Weakland-Fawks Park and nearby Mount Bailey trails-perfect for hiking, exploring, and fully embracing the mountain lifestyle. Don't miss your chance to claim the best value in the foothills and create something truly special!