With a population of less than 1,000 and a median home price of $375,000, investing in property in Winter Park allows people living in Denver the ability to enjoy the mountain lifestyle, while still being able to work in the city 65 miles away. With its close proximity, travel times are short so it’s possible to take in big city action, while also being able to recreate, recharge and relax in the mountains an hour and a half away offering the best of both worlds.
Denver offers all the amenities a major metropolis would like shopping and entertainment and Winter Park features some of the best recreational activities you can find in the mountains. Whether hiking, biking, boating, fishing, hunting or simply relaxing with a book in the forest, Winter Park is the perfect escape from the 3-million people that call the Denver area home. Winter Park is also home to a world-class ski resort with 25 chair lifts servicing 3,081 skiable acres to play on. The base sits at 9,000’ and rises over 3,000’ to its summit at 12,060’. When the snow melts and the Front Range heats up, retreat to ‘Mountain Bike Capital USA’ where two bike parks and over 600 miles of bike trails from beginner to expert are available to explore.
While Denver does have four seasons in the year, nowhere is that more distinct than in the mountains. Winter Park averages 325 inches of snow per year making it a true winter wonderland. Springtime makes way for wildflowers that blanket the hillsides. The saying, “come for winter, stay for summer” is true in Winter Park where temperatures stay cool and comfortable when it’s scorching on the Front Range. Fall dazzles leaf peepers with its vibrant colors along dozens of scenic drives and hikes to take it all in. On top of it, the region provides over 300 days of sunshine annually making it an attractive year-round destination.
With over 60 restaurants, Winter Park will satisfy any culinary cravings. From family-friendly establishments to fine dining steak and seafood, there is a variety of options for anyone. If après ski is your thing, then several pubs, breweries, distilleries, and wineries will satisfy following a long day on the slopes. For art enthusiasts, Winter Park and Fraser are home to galleries that feature the works of local and nationally known artists. For a unique experience, take in the High Country Stampede Rodeo and Middle Park Fair & Rodeo events and watch roping cowboys, rodeo queens, bucking broncos and rodeo clowns.
The nearby Georgetown Loop Railroad is a diesel locomotive that will provide an adventure for the family as it winds up Clear Creek Canyon past remains of gold and silver mines. If going at your own speed is your thing, then scenic drives like Trail Ridge Road through Rocky Mountain National Park will provide plenty of wildlife viewing opportunities. With so much to do, the mountains offer endless experiences you can’t find in the city.
Winter Park makes for a perfect place to own a second home in comparison to more expensive towns that are located further from Denver. Median home prices are half of what buyers would expect to see in Aspen and Telluride. With those mountain towns, access to the city is an all-day journey, rather than a relatively short drive. These factors are important to take into consideration when looking for a second home or primary residence in the mountains. Having quick access to health care or ability to fly in and out of Denver International Airport makes Winter Park an attractive location to invest in real estate.
If the primary goal of a home purchase is to earn some income, then short-term vacation renting is an option. During the periods of time where the property will be sitting vacant, there is a huge earning potential through Airbnb and VRBO. There are also local property management companies who will handle everything from marketing to guest check-in and cleaning. Then when you’re ready to stay at your property, you can block out those dates so they’re available to you. People buy a vacation property to not only use a second home, but also as an investment property that brings in rental income which offsets some of the costs of ownership.
Retirees are also finding many reasons to relocate to the mountains of Colorado. They enjoy immense tax benefits which include a large deduction on all retirement income and the state has some of the lowest property taxes in the country. Most people who have lived a full life can agree that staying active keeps you healthy and the recreational opportunities that the mountains provide prove beneficial to one’s longevity. If permanently relocating to the mountains, but missing big city amenities are a worry, then worry no more because Winter Park is a short shuttle to Denver. Quaint shops, seasonal farmers markets and small-town fairs attract people who want to remain active in their community and immerse themselves in cultural experiences.
Between its geography and its hot real estate market, along with its recreation opportunities to enjoy the mountain lifestyle, all while remaining close to the city, Winter Park boasts the beauty of the Rocky Mountains year-round without the hustle and bustle of big crowds. It offers a great community, telecommuting opportunities, full immersion into all four seasons, endless recreation, mellow traffic, and a variety of housing options. There’s never been a better time to make a plan to explore Winter Park and discover the possibility of investing in a mountain retreat. Our team of Realtors at Coldwell Banker Mountain Properties are eager to help match their clients to current listings. Contact us today to discuss current options for investment.