311 Pioneer RD, Golden, CO 80403
311 Pioneer RD, Golden, CO 80403
311 Pioneer RD, Golden, CO 80403
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$1,995,000
Est. payment /mo
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3 Beds
5 Baths
2,450 SqFt
Active

311 Pioneer RD Golden, CO 80403

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Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,450 sqft

Price per Sqft $814

MLS Listing ID 7987160

Style A-Frame,Bungalow

Bedrooms 3

HOA Y/N No

Year Built 2023

Lot Size 2.380 Acres

Acres 2.38

Property Sub-Type Duplex

Property Description

Don't miss this incredible investment opportunity in the Denver foothills. Gilpin County STR regulations recently changed to allow the short term rental of both the A-Frame and the ADU - providing the opportunity for well over $200,000 in net revenue! This stunning 2+ acre property, within walking distance of the trails in the Golden Gate Canyon State Park, features two structures, both with significant income potential. The first, a modern, Instagram-able, 2-bed, 2-bath A-Frame, built in 2023, has been an extraordinarily successful Airbnb - with 275 nights booked in the last 12 months at an average of over $500 per night - netting nearly $120,000 over that time. The second, a newly-built 1-bed, 1.5-bath ADU has city lights views and space to spread out. Either could be immediately owner-occupied or rented on a 30-day+ basis, and after issuance of Gilpin County STR permits to a new buyer, both of them can be rented on a short term basis (and without a wait if one structure is owner-occupied). Assuming steady performance from the A-Frame as an STR and similar performance from the ADU once permitted, you could easily achieve an 11%+ cap rate at this asking price. With a sought-after style you simply won't find anywhere else, privacy, views for miles, and a location practically in the State Park that's only 30 minutes from Golden, less than an hour from central Denver, and just over an hour from DIA, this investment promises enjoyment and performance for years to come whether you're looking for a primary residence with house-hacking potential, a weekend getaway, or an income-producing asset with upside for your portfolio.

Location

State CO

County Gilpin

Zoning Rural Residential

Rooms

Basement Unfinished, Walk-Out Access

Interior

Heating Radiant Floor

Cooling None

Flooring Laminate, Tile, Vinyl

Fireplaces Number 2

Fireplaces Type Great Room, Wood Burning, Wood Burning Stove

Appliance Convection Oven, Dishwasher, Disposal, Dryer, Oven, Range, Refrigerator, Self Cleaning Oven, Washer

Exterior

Exterior Feature Balcony, Lighting, Private Yard, Rain Gutters, Spa/Hot Tub

Fence None

Utilities Available Electricity Connected, Phone Available, Propane

Waterfront Description Well

View Mountain(s), Valley

Roof Type Composition,Metal

Porch Deck, Patio

Private Pool No

Building

Lot Description Fire Mitigation, Foothills, Open Lot, Rock Outcropping, Secluded

Story Two

Foundation Concrete Perimeter

Sewer Septic Tank

Water Well

Architectural Style A-Frame, Bungalow

Schools

School District Elementary: Gilpin Re-1, Middle/Junior: Gilpin Re-1, High: Gilpin Re-1

Others

Senior Community No

Tax ID 1711-144-00-026

Special Listing Condition None Known


REColorado MLS
Listed byCompass - Denver

Nearby Locations

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Travis Hightower

Travis Hightower

+1(303) 829-7724

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TESTIMONIALS

Travis Hightower is an exceptional real estate professional. I worked with him on the sale of my condo, and his professionalism, initiative, and attention to detail were outstanding from beginning to end. Travis took ownership of the entire process. He coordinated the contractors, got the property market-ready quickly, and produced a listing that stood well above the competition. The photography and presentation were first-class. He even took the initiative to meet with the HOA to better understand the property's finances, future plans, and implications for residents. The results spoke for themselves. Despite listing in December, we were under contract within a week and closed in less than a month. We also achieved an excellent price, particularly considering a condo one building over sold for approximately 11% less just a few months later. I was traveling internationally during much of the process, but Travis and his team made everything straightforward. Communication was consistently clear, responsiveness was excellent, and the closing team was equally professional and reasonable in its fees. Real estate is clearly more than a profession to Travis. He lives and breathes it, and that commitment shows in the quality of his work, the people he surrounds himself with, and the results he delivers. Beyond his professionalism, Travis is genuinely warm, personable, and a pleasure to work with. He has a way of making you feel at ease and that you're in good hands. I couldn't be happier with the experience and would recommend Travis without hesitation.

James

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311 Pioneer RD