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31 Castle Road #1, Crested Butte, CO, 81225

2beds
1baths
536sqft
$495,000
$924price/sqft
$2,897/moest. monthly cost
$115,880/yrincome needed

About This Home

Turnkey mountain retreat in the heart of Mt. Crested Butte! This fully updated and beautifully maintained 2-bedroom, 1-bathroom condo offers the perfect blend of comfort, convenience, and alpine charm. Fully furnished and move-in ready, the space features an open living area with a cozy atmosphere and tasteful finishes throughout. The well-appointed kitchen offers concrete counters, stainless steel appliances, and breakfast bar. Step through the sliding glass door to the deck to enjoy a quiet cup of coffee as the first rays of sunshine spread across the valley. Located on the ground floor, you have the added bonus of the generous yard space just off the deck. Additional features include an attractive bathroom with tile shower, stackable washer/dryer, additional exterior storage, and convenient location along the free shuttle route. As an active short term rental, this unit has a strong rental history and income. Whether you're looking for a personal getaway, an investment property, or a year round basecamp, this turnkey condo is the perfect choice.

Getting Around

16
WalkingCar-Dependent
0
TransitVery Limited Transit
53
BikeBikeable

Schools

6/10
Gunnison Middle SchoolGrades 6-823.5 mi
4/10
Gunnison High SchoolGrades 9-1223.8 mi

Construction

Condition

  • Year built: 1974

Materials

  • Roof: Metal
  • Construction materials: Wood Frame,Wood Siding

Type & Style

  • Home type: Condo
  • Architectural style: Other
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Dryer,Microwave,Range,Refrigerator,Washer
  • Laundry features: W/D Hookup

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • 3/4 bathrooms: 1

Features

  • All Furnishings
  • Window features: Window Coverings
  • Flooring: Laminate,Tile

Heating

  • Heating features: Electric Baseboard

Interior Area

  • Total structure area: 536
  • Total interior livable area: 536 sqft

Property

Details

  • Parcel number: 317726408001

Features

  • Patio & porch: Deck
  • Has view: Yes
  • View description: Mountain(s),Valley

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingVery High
  • Lightning
    LightningVery High
  • Winter Weather
    Winter WeatherVery High
  • Avalanche
    AvalancheRelatively High
  • Landslide
    LandslideRelatively High

How This Home’s Risks Compare

Inland Flooding
Lightning
Winter Weather
Avalanche
Landslide

FEMA Declared Disasters Across Colorado Counties

Fire
Flood
Severe Storm
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,502$30,024
Home Insurance *$82$984
Property Taxes $127$1,524
Electricity $186$2,232
Total$2,897$34,764
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$99,325/yr
40% on housing$86,910/yr
45% on housing$77,253/yr

Colorado FAIR Plan Programs

Colorado FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 14.6%
14.6%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 3.6%
3.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$924This listing

vs Other Active Listings

Avg $/sqft

ZIP 81225$610
Gunnison County$573

vs Homes Sold Last Month

Median $/sqft

ZIP 81225
Gunnison County$701

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-06Listed for sale$495,000
2023-06-10Contingent$450,000
2023-06-07Price change$450,000
2023-06-05Price change$485,000
2023-05-27Listed for sale$495,000

For Sale by Agent

AgentCassie Gates
BrokerageLIV Sotheby's International Realty - CB

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