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Home » Real Estate » CO » Fraser » 80442 » 838 Wapiti Dr, Fraser, CO, 80442
$1,820,000

838 Wapiti Dr, Fraser, CO, 80442

6 Beds
5 Baths
2,801 Square Feet
Exclusive Mountain Retreat with Proven Rental Income! Looking for a mountain home, but uncertain about covering the monthly payment? Then look no further. This turnkey cash flowing 6 Bed / 4.5 Bath home (sleeps 15!), is proven to produce $135,000+ gross annually!! Want your own space plus rental income? Designed for versatility, this home offers the unique advantage of being legally zoned and easily convertible into a duplex (upper unit 4 bed/3.5 bath, lower unit 2 bed/1 bath). Rent both or live in one unit and reduce your mortgage with income from the second unit. What truly differentiates this home from anything else on the market is the number of bedrooms/sleeping capacity for this price point + the legal duplex designation for a lock-off. There is nothing comparable on the market. It's these unique features that make the difference in affording a valuable asset like this in the mountains. Unlike the majority of other homes you are looking at, this exceptional property is a rare blend of luxurious living and practical investment opportunity. As is, renting this property as a large single-family home, this property would cashflow on average ~$1,000+ per month (7% interest + 25% down). Whether you're an investor looking for a lucrative rental income or a family seeking the perfect ski or recreational retreat, this home is designed to meet all your needs. Don't miss out on the chance to own this unique gem - your mountain adventure awaits! Key features include: Fully furnished with high-end finishes, modern amenities, and spacious living areas Two living room areas, with a lower-level entertainment area, gaming space, walk-out deck, and hot tub 2 primary suites (main and upper levels) Situated within 20 yards of the Black Line bus stop Panoramic mountain views from every room Garage wired for EV Charging (220v) No HOA *Cashflow analysis in supplements section.
Offered By
Michael Glunk mglunk@gmail.com,970-718-2860, HomeSmart Realty

Property Details

Property Type Residential
Status Active
Bedrooms 6
Bathrooms (Full) 2
Property Sub Type Residential-Detached
Square Feet 2,801
MLS # 3730741
Bathrooms (¾) 2
Bathrooms (Half) 1

Market Trends

New Properties On Market
13
63% Increase In New Listings
Average Asking Price
$776,076
$2,026 Increase In Avg Asking Price
Average Asking Price / Sq. Ft.
$508
$35 Decrease In List Price/Sq. Ft.
Average Days On Market
17
28 Day Decrease In Days On Market
Data as of May 25, 2025. Remaining statistics above are calculated on activity within the period from Mar 01, 2025 to Apr 30, 2025.

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Information deemed reliable but not guaranteed by the MLS. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data Source: Information and Real Estate Services, LLC. Provided for limited non-commercial use only under IRES Rules. © 2025 IRES. Property data was last updated on 5/20/2025 at 6:39 pm