The Definitive Guide to Buying a Vacation Home in Keystone, Colorado

The promised land.

Keeping true to the series in the 4th week of “The Definitive Guide to Buying a Vacation Home in Colorado” (Aspen, Beaver Creek, Breckenridge) I am bringing Keystone into the mix this week. Keystone, Colorado is a mere 1 hour and 20 minutes up I-70 from Denver. You can have the best of both worlds, skiing and hiking, and a short jaunt to the metropolitan area of Denver. So goes the routine of checking out the sale price, rental income potential, things to do close by, and an average monthly mortgage rate of about a 1,000 square foot condo in Keystone, Colorado.

Ready, set, bring on the nightlife! 

I personally prefer the romanticism of night ice skating at Keystone Lake in the quaint Lakeside Village. If you are more of a high energy personality, then perhaps you would be more interested in checking out the Snake River Saloon. With live music and an unbeatable crowd, you can’t go wrong. An underground bar supported by skiers and snowboarders alike looms nearby, The Goat – Soup, and Whisky. Strange name, but great place.

As usual…..

There are amazing skiing and snowboarding to be had at Keystone Resort. It is hard to beat the resorts in Colorado. During the summer, Keystone Ranch Golf Course is a great place to defy gravity in the thin air and make your farthest drive yet. There are also plenty of mountain biking trails, hiking, horseback riding, and fly fishing to try out. The weather is perfect in the summer, not blazing hot like in lower elevations. Get out and play!

Cha-ching!

So, now that you are hooked on buying a vacation home in Keystone, Colorado, what prices are you up against? Recently reduced by $10,000 a 2 bedroom, 1,083 sq ft, wrap-around deck, vaulted ceilings, 2 bath condo in Keystone can run roughly $390,000. A good estimate of a monthly payment on that mortgage amount is around $1,747.oo. Rental income can play a part when the condo isn’t in use. The average rental rate would be about $1,600/month.

Use a professional

Check with your local Colorado buyers agent to find out more about buying a vacation home in Keystone, Colorado. They can provide complete buyer representation, no 2-sided games with them! They are also highly skilled at negotiations..hint, hint.

 

Get a FREE consultation with a local Colorado buyers agent here!

 

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