Can I Purchase a Second Home in Summit County, Colorado and Short Term Rent it?
- Annie Markuson
- Nov 2, 2023
- 2 min read
Updated: Oct 25
YES! …. but unfortunately the answer is a whole lot more complicated than that.
STR rules and restrictions within the various authorities across Summit County, Colorado are constantly evolving. The topic of short term rental is a complex one not only due to the fact that it varies from one area to the next, but also because there are diverse opinions surrounding the matter. This is just another reason to have a knowledgeable, skilled, and dedicated local Realtor® by your side.
*It’s important to note that the information I have provided to you in this blog is relevant as of the post date.
I created the below info graphic a tool for prospective home owners, buyers, & investors quickly and easily sort through where you could purchase a home in the mountains of Colorado to short term rent.
Downloadable PDF of above Image available to you below
Knowing what local jurisdictions have STR licenses available is just the start. There are 8 different governing jurisdictions, 7 of which are towns PLUS Unincorporated Summit County. Unincorporated Summit County alone has 2 "overlay zones", each with different caps and regulations, PLUS 4 River Basins that fall within the "Neighborhood Overlay", each with their own cap on number of licenses AND wait list. The Town of Silverthorne has 3 zones, and the Town of Breckenridge 4 zones, for a grand total of 16 DIFFERENT sets of STR rules and regulations within our small community.
There are of course other rules, regulations, taxes, and even HOAs that impact if and how a property can be rented. The rules can also vary depending on if you're looking to rent your primary residence, investment property, vacation home, or second home in Colorado.
I have closely followed and contributed to the discussion surrounding local Short Term Rental regulations over the past few years of debate and continue to stay involved and informed. Long story short, are there properties you can purchase and apply for a STR license immediately after closing? YES! It can be incredibly overwhelming reading and researching the latest regulations affecting the multiple authorities of STRs impacting an area like Summit County. Save yourself the time, headache, and confusion and simply pick up the phone and give me a call. I would be more than happy to answer your questions, discuss your desires and concerns. I am here to help!
Annie Markuson
Realtor®
970-368-5553
Annie.Markuson@cbmp.com
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