What’s the difference between saving and investing? What’s the difference between an “investment property” and a “home”? It all depends on your mindset.
An investment property could actually double as a home if you rent it out. Although this may sound appealing (two birds, one stone, right?) there is an even better proposition: short-term rentals (STR). Traditionally, investment property is rented out to tenants on a long-term basis which means the owner cannot use the property or visit it unless the unit is vacant. But STRs allow you to essentially own as much real estate as possible and stay wherever you want, whenever you want. The best part? Whichever property you’re not at is making money as we speak. So how and where should you get started?
Eagle-Vail’s real estate market
Eagle-Vail (EV) is a beautiful community tucked between Vail and Beaver Creek. Not a bad spot for winter vacations, right? With approximately 1,400 units (homes, townhomes, and condos) there’s always an opportunity to get in on the action. In addition to having some choice on which property best suits you, EV has minimal STR regulations making it easy to rent out your property (more on that here). We’ll let you look around, but below you’ll find some ideas to get your search started.
$595,000 – 346 Eagle Rd #1, Avon, CO 81620
Centrally located in Eagle-Vail within an easy walking distance to Homestake Peak Elementary School, EV swim club, tennis/pickleball courts and golf courses. 10-15 minute drive to either Beaver Creek or Vail Resorts. Minimal tourist activity at our Townhouse and ample parking for your family and guest. Our HOA dues are $125/month – one of the lowest in the community illustrating the intrinsic value of this townhouse especially with recently completed new roof, exterior painting and sealed driveway.
$705,000 – 132 Eagle Rd C # C, Avon, CO 81620
This south-facing interior and exterior remodeled 3 bedroom townhome features an extra 4th sleeping area plus an additional family room and bar along with a 1-car garage. Enjoy the mountain views from the multiple spacious decks and you are literally steps from the bus to take you to Vail or Beaver Creek.
$1,282,500 – 342 Eagle Dr # B, Avon, CO 81620
From the moment you step into the foyer you’ll be enveloped in luxury. Jetting off the front entrance are two bedrooms with full baths, an expansive library, full home theatre, & Rec room with a full wet bar. The fluidity of the floor plans seamlessly links the kitchen, dining room, master bedroom, and back porch. Perfectly perched between Vail & Beaver Creek resorts on Whiskey Hill – provides easy access to adventures and incredible views. Short term rental potential figures available. Welcome
So you’re ready…
Congrats! You have found the perfect spot and you’re ready to get renting. Below you will find some helpful resources for buying and running your dream short-term rental.
Local Realtor agencies/brokerages:
Engel & Völkers // Delfina Darquier // 970.390.4894 // delfina.darquier@evusa.com
Slifer, Smith, and Frampton // Broby Leeds // 970.331.2205 // bleeds@slifer.net
Sothebys Vail // Alex Griffin // 970.376.6120 // agriffin@livsothebysrealty.com
Management: Away Agents // Scott Millard // 612.246.4942 // scott@awayagents.com