🚨 OFF MARKET: $115K+ Revenue Pace on This $800K Colorado STR
🏔️ $800K for a turnkey Bailey Airbnb with a ~14.4% projected gross yield, hot tub, barrel sauna, game room, mountain views + ~$130K potential.
Alex Veytsman
August 21, 2026
🚨 OFF MARKET: $115K+ Revenue Pace on an $800K Turnkey Colorado Mountain STR
🏔️ $800K • Completely Off Market • $115K+ 2026 Revenue Pace • ~$130K 2027 Potential • 4 Bedrooms • Hot Tub • Barrel Sauna • Game Room • Fully Furnished • Permitted STR
📩 This property is being offered completely off market through The Offer Sheet.
When speaking with the agent, mention that you saw the property in The Offer Sheet.
🚨 You Won't Find This One on the MLS
This is exactly the type of deal we love getting in front of Offer Sheet readers:
A completely off-market, already-performing Colorado STR.
177 Panorama Drive in Bailey is being privately offered at $800,000, fully furnished and turnkey.
The property only launched as an Airbnb in late June 2025, yet generated $62,310 in its first six months—137 booked nights despite starting from zero reviews.
Now, in its first full calendar year, the sellers expect it to exceed:
$115,000 in 2026 Gross Revenue
And there's already $27,600 booked for the remainder of 2026, plus another $3,300 booked into 2027.
The sellers aren't exiting because the STR isn't working. They're simplifying their portfolio after a new baby and a new professional role and would rather reposition their capital.
🏡 The Asset
177 Panorama Drive, Bailey, CO
💰 Off-Market Price: $800,000
💵 2025 Launch Revenue: $62,310 in ~6 Months
📈 2026 Revenue Pace: $115K+
🔮 2027 Potential: ~$130K
🛏️ 4 Bedrooms
🛌 7 Beds
👥 Sleeps 6
🚿 2 Bathrooms
♨️ Private Hot Tub
🧖 Cedar Barrel Sauna
🔥 Standalone Fire Pit
🎮 Game Room
🕹️ NBA Jam Arcade
🥌 Shuffleboard
🌄 Panoramic Mountain Views
🛋️ Fully Furnished
📜 Currently Permitted STR
🚨 Completely Off Market
At $115K of revenue, the $800K asking price represents approximately a:
14.4% Gross Revenue / Price
That's not a cap rate, but it's a compelling starting point for an existing turnkey Colorado STR.
📈 The Revenue Story Is Just Getting Started
What's particularly interesting here is how young this listing is.
It launched in late June 2025 with no review base and still produced:
$62,310 in its first six months
137 booked nights
2.9-night average stay
The sellers report approximately $60K generated so far in 2026, with $27.6K already booked for the remainder of the year across 65 nights.
There are still 41 unbooked nights through November 30, and December remains open.
That's notable because December alone produced approximately $12,600 last year, during the property's very first winter.
The sellers believe the first full calendar year will finish above:
$115K
And their other Bailey property grew 13% in its second full year, which they believe provides a potential roadmap toward approximately $130K here in 2027.
That $130K is a projection, not historical performance—but the early trajectory is worth paying attention to.
🌄 The Property Was Designed to Win on Experience
This isn't a generic cabin relying entirely on mountain views.
The owners built a real amenity package around the guest experience.
Outside:
♨️ Private hot tub
🧖 Cedar barrel sauna
🔥 Standalone fire pit
🌄 Panoramic mountain views
🍽️ Outdoor dining for eight
✨ Café-lit outdoor lounge
🌽 Cornhole, giant Connect 4, Jenga & horseshoes
Inside, the downstairs game room includes:
🕹️ NBA Jam arcade
🥌 Shuffleboard
⚽ Foosball coffee table
📺 65-inch Smart TV
🎲 Board games
And the main living area delivers the Colorado cabin aesthetic with tongue-and-groove pine walls, floor-to-ceiling windows, and a wood-burning fireplace.
It's a thoughtful mix of mountain nostalgia + modern STR amenities.
🛏️ Four Bedrooms + A Standout Bunk Room
The bedroom configuration includes:
King bed, luxe linens, 55-inch TV, workspace, and mountain-inspired finishes.
🛏️ Two Queen Bedrooms
Individually designed with their own TVs.
🏕️ Bunk Room
Four full-size beds with a Pendleton-inspired camp theme and kids' play zone.
That gives the property flexibility across several important STR guest segments: families, couples, friend groups, and multi-generational trips.
📍 Close Enough to Denver — Far Enough to Feel Like Colorado
The location offers a nice balance between accessibility and escape.
🥾 ~10 minutes to Staunton State Park
🎵 ~30 minutes to Red Rocks
🏙️ ~45 minutes to Denver
Guests can get the mountain-cabin experience without driving several hours deep into the Rockies.
And once they arrive, the views, hot tub, sauna, fire pit, games, and deck give them plenty of reasons to stay at the property.
📜 The STR Is Already Permitted
Another important point:
The property is currently permitted as an STR in Park County.
Park County currently allows non-primary-residence STRs subject to applicable requirements.
As always, buyers should independently confirm current regulations, licensing requirements, permit transferability, and any future regulatory changes directly with the county before purchasing.
📈 Where's the Upside?
Here's where the deal gets more interesting.
The owners currently self-manage pricing.
According to the sellers, a comparable Bailey property utilizing professional revenue management generates approximately:
$140K Per Year
That doesn't mean this property will automatically do $140K.
But the sellers believe there may be additional upside through:
📊 Professional revenue management
💰 Better peak-season pricing
📅 Optimized minimum stays
🌐 Direct bookings
🏡 Additional booking channels
🚗 Potential garage conversion
The current property is already tracking toward $115K+ without all of those levers being fully pulled.
💵 Why Are They Selling?
Importantly, this isn't being positioned as a distressed STR.
The sellers recently had a new baby, one owner has taken on a new professional role, and they're simplifying their portfolio.
Their preference is to hand the next owner a functioning turnkey operation and redeploy the capital elsewhere.
In other words:
It's a lifestyle decision, not a performance decision.
And if they don't get the right price, they're comfortable continuing to own it.
🔑 Turnkey Really Means Turnkey
The home is being offered:
Fully Furnished
The existing furniture and STR amenities are included, and the sellers will work with the buyer to transition future reservations.
So you're not buying an $800K mountain house and then starting from scratch.
You're buying a property that's already:
✔ Furnished
✔ Designed
✔ Amenitized
✔ Permitted
✔ Operating
✔ Generating revenue
✔ Holding future bookings
📊 The Investment Story
Here's the quick version:
🚨 Completely Off Market
💰 Asking Price: $800,000
💵 First ~6 Months: $62,310
📈 2026 Revenue Pace: $115K+
📊 $115K Revenue / Price: ~14.4%
🔮 Seller's 2027 Potential: ~$130K
🛋️ Fully Furnished: Yes
📜 Currently Permitted STR: Yes
♨️ Hot Tub + Sauna: Yes
🎮 Game Room: Yes
At $115K, you're paying approximately 7.0x projected 2026 gross revenue.
If the property eventually reaches the sellers' ~$130K 2027 projection, that would be approximately 16.3% gross revenue relative to today's $800K purchase price.
Neither figure is a cap rate or guaranteed return, but they give you a useful starting point for underwriting.
💸 Financing & Tax Angle
For buyers interested in acquiring an existing STR like this, it's worth exploring financing specifically designed around vacation rentals.
Depending on the borrower and lender requirements, potential options may include DSCR, conventional investment, portfolio, and other STR-focused financing.
🧾 Cost Segregation
Qualifying investors may also want to evaluate cost segregation after acquisition.
We partner with Segonomics, the lowest-priced cost segregation partner we've found, and Offer Sheet readers can get an additional discount.
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Offer Sheet Pro members can reply to the newsletter for the private 50% discount code.
Tax outcomes vary by investor, so potential benefits should be reviewed with a qualified tax professional.
🏡 Need Help Finding Your Own STR?
We partner with a team that helps investors identify fully underwritten, data-backed STR opportunities based on their budget and investment goals.
They can help with market selection, revenue projections, property recommendations, design, amenity strategy, management, listing optimization, and pricing.
They typically require buyers to have around $150K available for the down payment, furnishing, design, and revenue-driving amenities.
To date, they've helped investors acquire 375+ properties generating $60M+ in rental revenue, with $25M+ in estimated tax savings.
🎯 Why This One Stands Out
🚨 Completely Off Market
You won't find this one publicly listed for sale. It's being offered privately through The Offer Sheet.
📈 Strong Early Revenue
It produced $62,310 in roughly its first six months and is tracking toward $115K+ in its first full calendar year.
♨️ The Amenities Are Already Built
Hot tub, barrel sauna, game room, fire pit, outdoor games, huge deck, and mountain views.
📜 Existing STR Permit
It's already operating as a permitted Park County short-term rental.
🔑 Fully Turnkey
Furniture and amenities are included, and the sellers will cooperate on transitioning future bookings.
💡 Potential Revenue Headroom
Professional revenue management, expanded distribution, pricing optimization, and a potential garage conversion provide additional levers the next owner can evaluate.
⚡ Bottom Line
OFF MARKET. $800K. $115K+ 2026 Revenue Pace.
177 Panorama Drive isn't a hypothetical Airbnb conversion.
It's an existing, permitted, fully furnished Colorado STR that generated $62,310 during its six-month launch period and is now tracking toward more than $115K in its first full calendar year.
At that level, you're looking at roughly a 14.4% gross revenue-to-price ratio and approximately a 7x price-to-revenue multiple.
Then add the panoramic views, hot tub, cedar barrel sauna, game room, fire pit, four bedrooms, seven beds, proximity to Red Rocks and Denver, and potential revenue-management upside.
And perhaps most importantly:
This property is completely off market and being offered privately through The Offer Sheet.
When speaking with the agent, mention that you saw the property in The Offer Sheet.
