Metro Denver Luxury Homes For Sale

Property Description

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!), and already has everything in place 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.

Features
: Forced Air
: Other
: Finished, Walk-Out Access
: Gas, Living Room, Basement, Electric, Circulating
: Carbon Monoxide Detector(s), Smoke Detector(s), Smart Cameras
: Covered, Deck, Front Porch, Wrap Around
: 5
: Furnished
: Dryer, Dishwasher, Microwave, Range, Refrigerator, Range Hood, Washer, Gas Water Heater, Oven, Freezer
: Oversized, Finished Garage, Asphalt, Insulated Garage, Lighted, Storage, Exterior Access Door, 220 Volts, Dry Walled
: Composition
: Public Sewer
Address Map
CO
Grand
Fraser
80442
Wapiti
838B
Drive
W106° 11' 21.1''
N39° 57' 0.6''
Additional Information
: Cement Siding, Concrete
Turn right off of Highway 40 onto County Road 8. Take right onto Wapiti Drive. Home will be on the right 838B Wapiti Drive.
: 220 Volts, 110V
Fraser Valley
: Lighting, Barbecue, Rain Gutters, Gas Grill, Heated Gutters, Spa/Hot Tub
2
: Carpet, Laminate, Tile, Wood
1
Middle Park
: Pantry, High Ceilings, Open Floorplan, Granite Counters, Smoke Free, Smart Thermostat, High Speed Internet, Ceiling Fan(s), Entrance Foyer, Primary Suite, Radon Mitigation System, Hot Tub, Walk-In Closet(s)
Yes
Yes
1031 Exchange, Cash, Conventional, FHA, Jumbo, USDA Loan, VA Loan
: Near Public Transit, Near Ski Area, Sloped, Borders Public Land
East Grand
HomeSmart Realty
R310573
: None
: House
Glunk Minor Subdivision
$4,192
2024
: Cable Available, Electricity Available, Natural Gas Available, Electricity Connected, Natural Gas Connected
: Window Coverings
AA0
05/01/2025
2801
Active
1
East Grand 2
East Grand 2
In Unit
East Grand 2
05/02/2025
05/01/2025
Public
: Three Or More

Glunk Minor Subdivision

838B Wapiti Drive, Fraser, CO 80442

6 Bedrooms
5 Total Baths
2,801 Square Feet
$1,820,000
Listing ID #3730741
Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : 3730741
Price : $1,820,000
Bedrooms : 6
Rooms : 11
Total Baths : 5
Full Bathrooms : 2
3/4 Bathrooms : 2
1/2 Bathrooms : 1
Square Footage : 2,801 Square Feet
Year Built : 2020
Lot Area : 0.12 Acres
Lot Acres : 0.12
Property Sub Type : Single Family Residence
Status : Active
Originating System Name : REcolorado
Mortgage Calculator
$
$ %
years
%
$ %per year
$ %per year

$
Contact Agent