Wapiti

Steamboat Springs | Colorado

The Soul of

City Elegance

View Photos Watch Film 360° VTour Open House

Michelle Barnes

Presented At

$4,695,000

Bedrooms

Bathrooms

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27800

Wapiti

Steamboat Springs | Colorado

27800 Wapiti, Steamboat Springs, CO, 80487, USA, Steamboat Springs, Colorado, United States. , Steamboat Springs , Colorado 80487

40-acre private mountain sanctuary

Discover your private mountain sanctuary, nestled on 40 serene acres of forested land via a scenic 9 mile drive from Steamboat Springs through the South Valley and Grouse Creek Park. This uniquely gorgeous property offers breathtaking views of the Steamboat Ski Area, Continental Divide, and South Valley, met with towering pines, aspens, lush ferns, wildflowers and the gentle flow of Grouse Creek, creating a truly magical, end of road setting. The centerpiece is a 5-bedroom custom log home, designed by Joe Patrick Robbins and perfect for hosting family and friends. From the moment you enter through the handcrafted front door featuring a carving of the beloved local Gilpin Lake, you’ll be captivated by the warm and inviting atmosphere. The great room boasts a stunning wood-burning stone fireplace and expansive picture windows that frame panoramic views of the deck, ski area, and beyond. The gourmet kitchen features honed granite countertops and a cozy breakfast nook, while the main level also includes a den, office, full and half bath, laundry, and mudroom with direct access to the attached garage. Upstairs, the primary suite is a luxurious retreat complete with a gas fireplace, large walk-in closet, and spa-like bath. The lower level provides ample space for relaxation and entertainment, with three additional bedrooms, a family room with a game and exercise area, a fireplace, wet bar, and a theater room. Even your furry friends will feel at home, with direct access to the fenced outdoor space. And, of course, no mountain getaway is complete without a hot tub under the stars after a day on the slopes. Across the bridged entry, a charming 1-bedroom apartment above the 2-car heated garage offers an ideal space for guests or a caretaker. This home offers the perfect blend of privacy, luxury, and convenience. Just 15 minutes from town, you’ll enjoy easy access to skiing, shopping, and dining. This is mountain living at its finest!

Property

3D Street View Tour

Property Location

27800 Wapiti, Steamboat Springs, CO, 80487, USA, Steamboat Springs, Colorado, United States., Steamboat Springs Colorado

Local Weather & Climate

Steamboat Springs, Colorado

Current Conditions Updated recently

28 °F

Overcast clouds

Feels Like 18°F

Humidity 61%

Wind 13 mph

Visibility 6.2 mi

Sunrise 1:17 PM

Sunset 1:15 AM

5-Day Forecast

Mon 16 Mar

Clouds

High 30°

Low 30°

Tue 17 Mar

Clouds

High 53°

Low 31°

Wed 18 Mar

Clear

High 60°

Low 35°

Thu 19 Mar

Clear

High 65°

Low 38°

Fri 20 Mar

Clear

High 64°

Low 42°

Data from OpenWeatherMap

Walkability & Transit Scores

How easy is it to get around Steamboat Springs?

Walkability and transit scores for this address come from the EPA National Walkability Index.

Mortgage Calculator

Estimate your monthly payments for this property

Home Price

Down Payment

$100,000

Interest Rate

Loan Term

Estimated Monthly Payment $3,160

Monthly Payment Breakdown

Principal & Interest $2,528

Loan Amount $400,000

Total Interest $337,621

Total Cost $737,621

Potential Tax Benefits (United States)

$0 Est. First Year Interest Deduction

$0 Est. Annual Tax Savings

*Based on post-2017 tax law. Actual deductions depend on filing status, itemization, and current tax laws.

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Important Information

This calculator is for illustrative purposes only and does not constitute a loan offer, pre-approval, or commitment to lend.
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$469,500,000

27800 Wapiti, Steamboat Springs, CO, 80487, USA, Steamboat Springs, Colorado, United States.

Steamboat Springs, Colorado 80487

5 Beds

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Market Opinion

Ultra Luxury 359.8× median

View prices in:

Our perspective on current market conditions in Steamboat Springs. For informational purposes only — always consult a licensed real estate professional before making decisions.

Neutral Market

Balanced conditions. Negotiate wisely.

Buyer Score

Prices are up 34.5% year-over-year

Homes are taking 105 days to sell - more time to negotiate

Homes selling 3.7% below asking price on average

Local Market Price Trends

Median home sale prices in Steamboat Springs, Colorado — ZIP code 80487 over the last 24 months. This shows how property values in this neighborhood have changed over time, helping you understand whether the market is appreciating, stable, or cooling.

This property is listed at $469,500,000

Area median: $1,305,000

+34.5% year-over-year (well above the 3.5% historical avg)

Market Competition

105 days

Days on Market

Above typical

96.3%

Sale-to-List Ratio

Below asking

Future Value & Wealth Building

Starting investment: $4,695,000 20% down ($939,000)

9.5 years

Double Your Investment

Based on current market trends, your property value could double

$6,498,067

10-Year Equity

Your potential equity after 10 years of payments and appreciation

+$2,678,680

Appreciation Beats Rent

Potential gain vs 10 years of renting a similar home

$24,989

Monthly Investment

Estimated monthly mortgage payment (principal & interest)

$41,675,975

30-Year Wealth Potential

Total equity after full mortgage payoff with market appreciation

6.9x

Leverage Power

Your $939,000 down payment could grow to $6,498,067 in equity (10 yrs)

Investment Perspective

$1 → $2.07

Every dollar invested today could become $2.07 in 10 years

$100 → 207 $1,000 → $2,071

$971/day

Your home may appreciate while you sleep

$6,816/week $29,537/mo $354,448/yr

$100K Investment Comparison (10 Years)

Real Estate (Leveraged)

$635K

S&P 500 Index

$259K

High-Yield Savings

$155K

Real estate leverage: potential 145% advantage over stocks

-$2.6M

+$6.5M

$6.5M Potential Equity

vs $2.6M lost to rent over 10 years

$939K Down Payment Growth

6.9x

10yr

$6.5M

19.1x

20yr

$18.0M

44.4x

30yr

$41.7M

Wealth Comparison

×99

Equivalent to 99 average US homes

top 5%

US household wealth ranking

Median: $193K Yours: $41.7M

Time to Double Your Investment (accounting for market cycles)

16.9

years

Conservative

4.2% effective/yr

9.5

years

Market-Based Above Avg

7.55% effective/yr

8.5

years

Optimistic

8.54% effective/yr

Projected Home Values (adjusted for market cycles)

10 Years

Conservative $7.1M +51%

Market $9.7M +107%

Optimistic $10.7M +127%

$6.5M est. equity

20 Years

Conservative $10.7M +128%

Market $20.1M +329%

Optimistic $24.2M +415%

$18.0M est. equity

30 Years

Conservative $16.1M +243%

Market $41.7M +788%

Optimistic $54.9M +1,069%

$41.7M est. equity

Historical Market Context

How current appreciation compares to long-term averages

National Long-Term Average

4.27 %

1967 – 2024

57 years of U.S. home price data

Recent Decade Average

6.5 %

2014 – 2024

Post-recovery bull market

Above Historical

Current 8.5% appreciation exceeds the national historical average (4.3%). Market-based projections reflect current conditions that may moderate over time.

Projections account for historical market cycles (~12% corrections every 6 years). Effective annual growth after corrections: 7.5%. Market scenario reflects current 8.5% YoY trend from Redfin (Feb 2026). These projections are estimates only and actual results may vary. Past performance does not guarantee future results.

Important Disclaimer

The information presented in this Market Opportunity Opinion is provided for informational and educational purposes only and should not be construed as financial, investment, legal, or real estate advice. This analysis represents our opinion based on publicly available data and should not be relied upon as the sole basis for any real estate or investment decision.

No Guarantee of Accuracy: While we strive to provide accurate and up-to-date information, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, or suitability of the data, projections, or analysis contained herein. Market conditions can change rapidly and unpredictably.

Not Professional Advice: This content does not constitute professional real estate, financial, or investment advice. We strongly recommend consulting with qualified professionals—including licensed real estate agents, financial advisors, attorneys, and tax professionals—before making any real estate or investment decisions.

Past Performance Disclaimer: Historical data and trends presented do not guarantee future results. Real estate markets are subject to numerous factors beyond the scope of this analysis, including economic conditions, interest rates, local regulations, and unforeseen events.

By viewing this information, you acknowledge that you understand these limitations and agree that the property owner, listing agent, brokerage, and platform providers shall not be held liable for any decisions made based on this analysis.

Data from U.S. Census Bureau, World Bank, Zillow, and Redfin | Market data updated Feb 2026

Neighborhood Demographics

ZIP 80487 • 2022 ACS Data

18,383 Population

Median Age: 42.0

$95,675 Median Income

Above Average

$800,500 Median Home Value

Rent: $1,817

53.9% College Graduates

High

Housing

Homeowners 43.9%

Renters 14.9%

Vacancy Rate 41.2%

Employment

3.2% Unemployment

21.2% Work From Home

Education Attainment (Age 25+)

High School+ 96.9%

Bachelor's+ 53.9%

Graduate+ 21.0%

Data from U.S. Census Bureau American Community Survey 2022

Local Market Trends

Real estate market data for Steamboat Springs

Cold Market More inventory, buyers have negotiating power

$1,305,000

Median Sale Price

$808

Price per Sq Ft

105

Avg Days on Market

Data provided by RentCast

Frequently Asked Questions

Common questions about this property

How many bedrooms and bathrooms does 27800 Wapiti, Steamboat Springs, CO, 80487, USA, Steamboat Springs, Colorado, United States have?

This house at 27800 Wapiti, Steamboat Springs, CO, 80487, USA, Steamboat Springs, Colorado, United States features 5 bedrooms.

What is the listing price for 27800 Wapiti, Steamboat Springs, CO, 80487, USA, Steamboat Springs, Colorado, United States?

This property is listed at $469,500,000.

What are the current real estate market conditions in Steamboat Springs?

In Steamboat Springs, home prices have increased 34.5% over the past year, homes typically sell within 105 days, it's currently a unknown. These market conditions can affect pricing strategies and negotiation opportunities.

Is now a good time to buy a home in Steamboat Springs?

Based on current market indicators, Steamboat Springs shows an active market. The market opportunity score is 50 out of 100, reflecting factors like price trends, inventory levels, and days on market.

What type of property is 27800 Wapiti, Steamboat Springs, CO, 80487, USA, Steamboat Springs, Colorado, United States?

This is a house located in Steamboat Springs, Colorado. The property is situated in an established neighborhood with convenient access to local amenities and services.

Brokerage: