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838b Wapiti Drive, Fraser, CO – $1,820,000

  • 6 Beds
  • 5 Baths
  • 2,801 Sqft
  • .12 Acres
  • 6 Beds
  • 5 Baths
  • 2,801 Sqft
  • .12 Acres

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838b Wapiti Drive

Exclusive Mountain Retreat with Proven Rental Income! Looking for a mountain home, but uncertain about covering the monthly payment? Then look no further. This turnkey cash flowing 6 Bed / 4.5 Bath home (sleeps 15!), is proven to produce $135,000+ gross annually!! Want your own space plus rental income? Designed for versatility, this home offers the unique advantage of being legally zoned and easily convertible into a duplex (upper unit 4 bed/3.5 bath, lower unit 2 bed/1 bath). Rent both or live in one unit and reduce your mortgage with income from the second unit. What truly differentiates this home from anything else on the market is the number of bedrooms/sleeping capacity for this price point + the legal duplex designation for a lock-off. There is nothing comparable on the market. It’s these unique features that make the difference in affording a valuable asset like this in the mountains. Unlike the majority of other homes you are looking at, this exceptional property is a rare blend of luxurious living and practical investment opportunity. As is, renting this property as a large single-family home, this property would cashflow on average ~$1,000+ per month (7% interest + 25% down). Whether you're an investor looking for a lucrative rental income or a family seeking the perfect ski or recreational retreat, this home is designed to meet all your needs. Don't miss out on the chance to own this unique gem - your mountain adventure awaits! Key features include: · Fully furnished with high-end finishes, modern amenities, and spacious living areas · Two living room areas, with a lower-level entertainment area, gaming space, walk-out deck, and hot tub · 2 primary suites (main and upper levels) · Situated within 20 yards of the Black Line bus stop · Panoramic mountain views from every room · Garage wired for EV Charging (220v) · No HOA *Cashflow analysis in supplements section.

Listing Office: HomeSmart Realty

Essential Information

  • MLS® #3730741
  • Price$1,820,000
  • Bedrooms6
  • Bathrooms5.00
  • Full Baths2
  • Half Baths1
  • Square Footage2,801
  • Acres0.12
  • Year Built2020
  • TypeResidential
  • Sub-TypeSingle Family Residence
  • StatusActive

Community Information

  • Address838b Wapiti Drive
  • SubdivisionGlunk Minor Subdivision
  • CityFraser
  • CountyGrand
  • StateCO
  • Zip Code80442

Amenities

  • Parking Spaces5
  • # of Garages1

Utilities

Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected

Parking

220 Volts, Asphalt, Dry Walled, Exterior Access Door, Finished Garage, Insulated Garage, Lighted, Oversized, Storage

Interior

  • HeatingForced Air
  • CoolingOther
  • FireplaceYes
  • # of Fireplaces2
  • StoriesThree Or More

Interior Features

Ceiling Fan(s), Entrance Foyer, Granite Counters, High Ceilings, High Speed Internet, Open Floorplan, Pantry, Primary Suite, Radon Mitigation System, Smart Thermostat, Smoke Free, Hot Tub, Walk-In Closet(s)

Appliances

Dishwasher, Dryer, Freezer, Gas Water Heater, Microwave, Oven, Range, Range Hood, Refrigerator, Washer

Fireplaces

Basement, Circulating, Electric, Gas, Living Room

Exterior

  • WindowsWindow Coverings
  • RoofComposition

Exterior Features

Barbecue, Gas Grill, Heated Gutters, Lighting, Rain Gutters, Spa/Hot Tub

Lot Description

Borders Public Land, Near Public Transit, Near Ski Area, Sloped

School Information

  • DistrictEast Grand 2
  • ElementaryFraser Valley
  • MiddleEast Grand
  • HighMiddle Park

Additional Information

  • Date ListedMay 1st, 2025
  • ZoningAA0

Listing Details

  • HomeSmart Realty
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Listing information last updated on May 9th, 2025 at 12:04pm MDT.