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155 Lamb Mountain Fairplay, CO 80440
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Key Details
Sold Price $662,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,596 sqft
Subdivision Warm Springs
MLS Listing ID IRE2096353
Sold Date 06/08/26
Bedrooms 3
Full Baths 2
HOA Fees $140/ann
HOA Y/N Yes
Year Built 2002
Annual Tax Amount $2,470
Tax Year 2024
Lot Size 1.870 Acres
Acres 1.87
Property Sub-Type Single Family Residence
Source ires
Property Description
Turnkey Mountain Home with Income, Expansion Potential & Unobstructed Views Located in the gated Warm Springs community of Fairplay, this fully furnished, turnkey mountain home offers an ideal blend of privacy, income potential, and room to grow. The home features 2 bedrooms, 2 bathrooms, plus a third non-conforming bedroom, providing flexible space for guests, an office, or additional sleeping accommodations. With 1,596 finished square feet and an additional 1,354 square feet of unfinished basement, the property offers excellent future expansion. Plans for a 5-bedroom septic system are available, adding long-term value and flexibility. Currently operating as a highly successful short-term rental generating over $54,000 annually, this home is well-suited for investors or buyers seeking a mountain retreat that produces income. An owner's closet allows for personal storage while maintaining full rental functionality. Interior features include wood-grain tile flooring, granite countertops, knotty hickory cabinetry, and a striking river-rock wood-burning fireplace. The primary suite includes a steam shower, creating a spa-like experience after a day outdoors. Enjoy expansive mountain views from the hot tub, surrounded by a mix of aspens and pines. The home sits across from a horse pasture, ensuring lasting open space and unobstructed views, and offers direct access to National Forest from the edge of the lot. Additional highlights include a standing-seam metal roof, new exterior stain, fresh road base on the driveway, community water system, plus access to tennis courts, private fishing rights, and a community clubhouse. A rare opportunity for income, lifestyle, and future growth in a classic Colorado mountain setting.
Location
State CO
County Park
Community Warm Springs
Area Out Of Area
Zoning Single Family
Direction From Fairplay turn right onto US Hwy 285 S, 3.7 mi Turn right onto Co Rd 20, 2.3 mi Enter Gate, turn right onto High Creek Road, .9 mi turn right onto Lamb Mountain Road, Home on Right
Rooms
Basement Unfinished
Interior
Interior Features Eat-in Kitchen, Cathedral Ceiling(s), Walk-In Closet(s), Kitchen Island
Heating Baseboard, Electronic Air Filter
Cooling Ceiling Fan(s)
Fireplaces Type Living Room, One
Appliance Refrigerator, Microwave, Gas Bar-B-Q, Disposal
Exterior
Exterior Feature Hot Tub
Parking Features Attached
Garage Spaces 1.0
Community Features Clubhouse, Tennis Court(s), Trail(s), Gated
Utilities Available Electricity Available
View Y/N Yes
View Mountain(s), Plains View
Roof Type Metal
Porch Patio, Deck
Garage Yes
Building
Lot Description Deciduous Trees, Sloping Lot, Abuts National Forest, Gutters
Sewer Septic Tank
Water City
Level or Stories Two
Structure Type Frame,Wood Siding
New Construction false
Schools
Elementary Schools Edith Teter
Middle Schools South Park
High Schools Park County Re-2
School District Park County Re-2
Others
Acceptable Financing Cash, Conventional, FHA, VA, Trade
Listing Terms Cash, Conventional, FHA, VA, Trade
Special Listing Condition Private Owner
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