Many have fought the law, but the law won—and the same is likely to be true of you if you aren’t licensed for short term vacation rental. Already worried? Dont be, it’s not a hard process in Avon. A special district has been established for short term rentals. This covers most of the valley, including Brookside Park, Canyon Run, Chapel Square, Chateau St. Claire (The Ascent), Falcon Pointe, Lakeside Terrace, Lot C (Sheraton Mountain Vista), Riverfront Subdivision (Westin), and Stonebridge Cluster Homes. If you want to use a home in this area for Airbnb, all you have to do is get a license and pay a 4% additional lodging tax. If you want to use a home outside this area, it may be possible, but you’ll have to apply for a PUD amendment. The process for that is linked to on the licensing page mentioned before.
What type of Avon real estate does best on Airbnb? 93% of the active rentals in the area across Airbnb and Homeaway are full house rentals. This doesn’t mean you can’t rent out a private room, but it’s a lot better to use your whole property if you can. Airbnb real estate in Avon runs the gamut from single rooms to massive properties, but rentals tend to cluster in 2 or 3 bedroom homes, so that’s the kind of real estate most likely to succeed on Airbnb.
Let’s look at a few sample homes on Zillow to see what your Airbnb real estate options could look like. Note that these houses may not be on Zillow by the time you search, they just provide a representative snapshot at a point in time to give you a sense of the market!
510 W Beaver Creek Blvd # B101, Avon, CO 81620
This is a 3 bedroom, 2 bathroom house that is 1087 square feet. It’s a condo that was built in 1979. It’s currently priced at $649,000, and has two parking spots.
871 W Beaver Creek Blvd # 7, Avon, CO 81620
Here’s one at a lower price point. For $282,500, you could own a 2 bedroom, 1 bath house with 748 square feet. It’s got a central location, was built in 1975, and has two parking spots.
137 Benchmark Rd # 315, Avon, CO 81620
This house is listed at $629,000 and is a 3 bedroom, 3 bath. It has 1390 square feet and a fireplace—plus the property has a private pool. The listing says it has strong rental potential and we agree!