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Home » Real Estate » CO » Fairplay » 80440 » 155 Lamb Mountain Road, Fairplay, CO, 80440
$656,900

155 Lamb Mountain Road, Fairplay, CO, 80440

3 Beds
2 Baths
1,596 Square Feet
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.
Offered By
Courtney Peel, eXp Realty, LLC, Mountain House Properties

Property Details

Property Type Residential
Status Pending
Bedrooms 3
Bathrooms (Full) 2
Property Sub Type Single Family Residence
Square Feet 1,596
MLS # S1065860

Market Trends

New Properties On Market
45
32% Increase In New Listings
Average Asking Price
$512,323
$45,915 Increase In Avg Asking Price
Average Asking Price / Sq. Ft.
$283
$65 Increase In List Price/Sq. Ft.
Average Days On Market
2
7 Day Decrease In Days On Market
Data as of Jun 03, 2026. Remaining statistics above are calculated on activity within the period from Apr 01, 2026 to May 31, 2026.

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