Crested Butte South

ABOUT crested butte south

Crested Butte South, or CB South, is a community about 6 miles south of the town of Crested Butte. It is often mistaken for a town because of the number of homes, but it is not incorporated. The neighborhood has many amenities for homeowners and community members. There is a fire station, playground, hockey rink, tennis courts, ice skating pond and groomed cross country trails. The commercial area has many available undeveloped lots and a variety of local businesses. Properties in CB South are generally less expensive than in town or on the mountain and can provide a great opportunity for homeownership in the area.

QUICK FACTS:

8,515 feet

ELEVATION

$750,714

average sales price: single family home

1,300

year round population

261 Cascadilla Street

Level corner lot. Easy to build. Great views. Low traffic location. Very near the access trail to Crested Butte South open space and fishing. One of the few lots in the flat areas of Crested Butte South this site is awaiting your custom home. Crested Butte south has a wonderful park with ice skating, hockey, tennis court, community garden, play ground, soccer field and access to the Huckeby open space.

$275,000

.34 Acres | MLS# 788265

217 Elcho Avenue

Pioneer Plaza is zoned for commercial, residential or multiuse development. Pioneer Plaza, as well as the balance of the CB South Commercial Core, is now experiencing tremendous attention and significant building. It is an ideal time to become a part of what is sure to become the largest community in the north valley. Currently, you may build commercial on the first floor with residential above or 100% of either use.

$274,900

.17 Acres | MLS# 787787

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SOURCE: NATIONAL ASSOCIATION OF REALTORS, 2020

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By Katherine Nettles

Just as it is appearing in national and even global conversations, the subject of short-term rentals (STRs) has been active throughout the Gunnison Valley recently. Several home owners associations, subdivisions and even the Crested Butte South property owners association have considered or passed new regulations. Potential buyers should be aware that there could be restrictions on rentals in this changing market and make sure you have a good realtor to help guide you through the different restrictions that are currently in place. This changes from area to area, so make sure your vision matches existing regulations before you buy—and be aware of what can change.

Crested Butte

Crested Butte has placed a cap on the number of Unlimited Vacation Rental (STR) licenses at 250 within town limits, and it has also placed a moratorium on any new such licenses until July 2022 while the town considers alterations to its long-term plan. The current policy is to allow is a two year rolling license that requires two years of fees paid in advance at $1500 the initial year and $750 each year thereafter to keep the license active.

The Primary Residence Vacation Rental License are not under a moratorium and may be issued to vested title property owners who reside in their property. The property owner is required to submit a primary resident affidavit. This license carries an annual fee of $200.

Crested Butte requires all license holders to pass a property inspection, and in 2021 passed a new ordinance to increase regulation enforcement and improve compliance That went into effect on September 1, 2021. The town also recently hired a new STR officer to manage STR licenses and renewals, performing inspections and identifying noncompliance.

The town sends periodic STR updates to license holders, including information on the town’s new Housing Matters program, which incentivizes owners to switch their vacation rental to a long-term rental. The goal is to encourage owners to look into Housing Matters before applying for their 2022 STR license.

A successful ballot issue has increased town’s short-term rental tax by 2.5 percent from 5 to 7.5 percent, effective January 1, 2022. Proceeds from the tax increase will be earmarked to fund affordable housing initiatives.

Mt. Crested Butte

The town of Mt. Crested Butte voted not to enact a moratorium on STRs in August 2021, and does not have a limit on STR numbers. Mt. CB did but pass recent measures requiring all short terms rental owners to register and get a license through the town, and there is an updated process for getting approval that includes a Good Neighbor

Guide, a safety inspection requirement and designating a local point of contact for the property. Make sure to ask your realtor about options such as property management services. License fees have increased to $350 for a new license and $300 for a renewal license. Additional inspections are $75 each.

Crested Butte South

Crested Butte South Property Owner’s Association voted in favor of adding a new 90 day maximum limit on annual short term rentals to its covenants. This is the first regulation on STRs for the POA. The association is working out how it will enforce and regulate this limit on STR activity to foster compliance.

Other subdivisions.

In the past few years Wildhorse at Prospect, Glacier Lily, The Links at Skyland and other associations have changed the rules or bylaws so Short Term Rentals are not allowed. Meridian Lake considered a new regulation to eliminate STR, but it did not pass. Rather, there are several new processes in place for owners to abide by.

Changing regulations is a good reason to participate in your HOA or POA to have a voice. And keep in mind that being a responsible, conscientious short term rental property owner can reduce the impact on others and ensure future success. Reach out to your neighbors and your Realtor to find ways to work in everyone’s favor.