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For sale
  • Price cut: $15.1K (2/28)
    $659,900

    155 Lamb Mountain Rd, Fairplay, CO 80440

    3beds
    1,596sqft
    : 
    Single Family Residence
    Built in 2002
    1.87 Acres Lot
    $651,400 Zestimate®
    $413/sqft
    $140/mo HOA

    What's special

    Striking river-rock wood-burning fireplaceHot tubExpansive mountain viewsGranite countertopsKnotty hickory cabinetryNew exterior stainStanding-seam metal roof
    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.
    70 days
    |
    1,586
    |
    77
    |

    Zillow last checked: 7 hours ago

    Listing updated: March 02, 2026 at 04:09pm

    Listed by:

    Courtney Peel courtpeel21@gmail.com,

    eXp Realty, LLC, Mountain House Properties,

    Katie Stamp 970-688-1414,

    eXp Realty, LLC, Mountain House Properties

    Source: Altitude Realtors,MLS#: S1065860MLS LogoOriginating MLS: Summit Association of Realtors

    Tour with a local agent

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 2
      Primary bedroom
      • Level: Main
      Bedroom
      • Level: Main
      Bathroom
      • Level: Main
      Bonus room
      • Level: Main
      Dining room
      • Level: Main
      Kitchen
      • Level: Main
      Laundry
      • Level: Main
      Living room
      • Level: Main
      Other
      • Level: Main
      Heating
      • Baseboard, Electric
      Appliances
      • Included: Built-In Oven, Electric Cooktop, Disposal, Microwave, Refrigerator, Dryer, Washer
      Features
      • Ceiling Fan(s), Entrance Foyer, Eat-in Kitchen, Fireplace, Granite Counters, Hot Tub/Spa, Kitchen Island, Marble Counters, Primary Suite, Smoke Free, Tile Counters, Vaulted Ceiling(s), Walk-In Closet(s)
      • Flooring: Tile
      • Basement: Unfinished
      • Has fireplace: Yes
      • Fireplace features: Wood Burning
      • Furnished: Yes
      Interior area
      • Total interior livable area: 1,596 sqft

      Property

      Parking
      • Total spaces: 1
      • Parking features: Garage
      • Garage spaces: 1
      Features
      • Levels: Two,Multi/Split
      • Has view: Yes
      • View description: Meadow, Mountain(s), Trees/Woods
      Lot
      • Size: 1.87 Acres
      • Features: Borders National Forest, Level, Many Trees, Sloped
      Details
      • Parcel number: 39338
      • Zoning description: Single Family

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Frame, Wood Siding
      • Roof: Metal
      Condition
      • Resale
      • Year built: 2002

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Community/Coop, Well
      • Utilities for property: Electricity Available, Municipal Utilities, Phone Available, Trash Collection, Water Available, Septic Available

      Community & HOA

      Community
      • Features: Trails/Paths, Clubhouse, Fishing
      • Subdivision: Warm Springs
      HOA
      • Has HOA: Yes
      • Amenities included: Snow Removal, Tennis Court(s)
      • HOA fee: $1,680 annually
      Location
      • Region: Fairplay

      Financial & listing details

      • Price per square foot: $413/sqft
      • Tax assessed value: $684,837
      • Annual tax amount: $2,470
      • Date on market: 1/16/2026
      • Exclusions: No
      • Road surface type: Dirt
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        Estimated market value

        $651,400

        $619,000 - $684,000

        $2,641/mo

        Price history

        Price history
        DateEventPrice
        2/28/2026Price change$659,900-2.2%$413/sqft
        Source: Altitude Realtors #S1065860 Report a problem
        1/16/2026Listed for sale$675,000+8.9%$423/sqft
        Source: Altitude Realtors #S1065860 Report a problem
        3/10/2022Sold$620,000-4.5%$388/sqft
        Source: Altitude Realtors #S1029379 Report a problem
        1/25/2022Pending sale$649,000$407/sqft
        Source: Altitude Realtors #S1029379 Report a problem
        12/3/2021Price change$649,000-7.2%$407/sqft
        Source: Altitude Realtors #S1029379 Report a problem
        8/27/2021Price change$699,000-5.4%$438/sqft
        Source: Altitude Realtors #S1029379 Report a problem
        8/3/2021Listed for sale$739,000$463/sqft
        Source: Local MLS #S1029379 Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2025$2,470 +4.6%$45,890 +12.9%
        2024$2,362 +42.1%$40,640 -15.7%
        2023$1,663 +5.2%$48,210 +85.6%
        2022$1,580 -5.8%$25,980 -2.8%
        2021$1,678 +33%$26,720 +33%
        2020$1,262 +1.1%$20,090
        2019$1,248 +29.3%$20,090 +12.8%
        2017$965 -10.3%$17,810 -10.3%
        2016$1,076 -2%$19,850
        2015$1,097 +15.4%$19,850
        2014$951 -6.1%--
        2013$1,012 +0.9%$16,960
        2012$1,004 +6.9%--
        2011$939 --

        Find assessor info on the county website

        BuyAbility℠ payment

        Est. payment
        $3,730/mo
        Principal & interest
        $3403
        Property taxes
        $187
        HOA Fees
        $140
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          Climate risks

          Neighborhood: 80440

          Getting around

          0 / 100
          Car-Dependent
          16 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating

          Local experts in 80440

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