Winter Park, Colorado, is thriving in the short-term rental market, with an average 48% occupancy rate, a $404 daily rate, and $40,538 in monthly revenue, making it an attractive and lucrative investment opportunity.
Thriving Short-Term Rentals in Winter Park, Colorado
Winter Park, Colorado, continues to excel as a premier destination for short-term rentals, boasting impressive performance metrics. The area's 1,923 short-term rentals on platforms like Airbnb and Vrbo have maintained a robust average occupancy rate of 48% over the past year. This consistent demand is complemented by a strong average daily rate of $404, resulting in substantial monthly revenues of $40,538. The diverse range of rental options, from one-bedroom condos to larger family homes, caters to various traveler needs, ensuring high occupancy rates across different property sizes. With its year-round attractions, including world-class mountain biking, skiing, and outdoor activities, Winter Park remains an attractive and lucrative market for vacation rental investors.
Short-Term Rental Regulations in Winter Park, Colorado for 2024
Registration and Fees
- Short-term rental owners must register their units before listing them on platforms like VRBO or Airbnb. A $150 registration fee is required, as per Resolution 1850.
- An additional $400 yearly per bedroom registration fee has been introduced under Ordinance 605 to fund affordable housing. This fee is in addition to the existing $150 registration fee.
Good Neighbor Policies
- Quiet hours are from 10 p.m. to 8 a.m.
- No overnight parking on any Town street from November 1 to May 1.
- Follow all rules regarding open flames and check for fire bans.
- If pets are allowed, they must not be left outdoors unattended, must be kept on leashes in public spaces, and owners must pick up after them.
Safety and Compliance
- Registration numbers must be prominently displayed in all advertising for short-term rental properties.
- Properties must comply with local laws and regulations, including those related to trash disposal, parking, and wildlife protection.
Short-Term Fix Program
- This program incentivizes property owners to convert short-term rentals into long-term workforce housing.
- Only properties that participated in the program during the 2022-2023 season are eligible for the 2023-2024 season.
- Properties must be located within the Fraser Recreation District boundaries.
- Properties must have a minimum of 300 square feet, a kitchen, and a full bathroom.
- Property owners must enter a 12-month master lease with an approved Winter Park small business (50 employees or fewer).
Lodging Tax
- The town plans to increase the existing lodging tax by 2% to further fund affordable housing, although this is a separate action from Ordinance 605.
Compliance and Penalties
- Properties must be in good standing with the Town.
- Penalties for short-term rental violations are outlined in Ordinance 574, which amended Ordinance 552 regarding penalties.
Annual Requirements
- All short-term rental registrations expire on September 30 and must be renewed annually.
- For the Short-Term Fix Program, master leases and program agreements must be submitted by December 15 and December 22, respectively, for the 2023-2024 season.
Top Neighborhoods for Airbnb Revenue in Winter Park, Colorado
1. Winter Park Village
- This area is highly appealing due to its proximity to the Winter Park Resort, with many ski-in/ski-out options available. Guests can walk less than 150 yards to the slopes, shops, restaurants, and bars located at the Village Base.
- Amenities include hot tubs, fire pits, and fully equipped kitchens, making it an ideal location for both skiers and those looking for a convenient mountain getaway.
2. Downtown Winter Park
- Located in the heart of Winter Park, this area offers easy walking access to restaurants, shops, markets, and various activities. It is close to the free ski shuttle and features scenic views of the surrounding mountains and rivers.
- Guests appreciate the peaceful wilderness setting, recreational centers with indoor pools and hot tubs, and the convenience of being close to all amenities.
3. Fraser River Area
- This neighborhood is popular for its waterfront condos and homes, offering stunning views of the Fraser River and surrounding mountains. It is within walking distance to grocery stores, coffee shops, restaurants, and breweries.
- Amenities include community pools, hot tubs, workout rooms, and lounges, making it a favorite among families and groups.
4. Winter Park Highlands
- Known for its panoramic views of the Continental Divide and Winter Park Ski Resort, this area is ideal for those seeking a secluded yet accessible location. Homes here often feature expansive decks and multiple living areas.
- Guests enjoy the open floor plans, vaulted ceilings, and the proximity to town while still feeling secluded and peaceful.
5. Base of Winter Park Resort
- This area is highly sought after for its direct access to the resort, with many properties located just 100 meters from the Gondola. Guests can easily engage in skiing, biking, hiking, and other mountain activities.
- Modern and clean condos with amenities like hot tubs, fitness centers, and free local shuttles make this a prime location for active travelers.
These neighborhoods are appealing due to their combination of convenience, scenic beauty, and access to a wide range of amenities and activities, making them ideal for various types of guests, from skiers and families to those seeking a relaxing mountain retreat.
Furnishing and Design Tips for an Inviting Airbnb in Winter Park, Colorado
To create an inviting and stylish Airbnb in Winter Park, Colorado, consider the following tips that reflect the city's unique mountain charm:
Embrace Rustic Mountain Aesthetics
- Incorporate natural materials such as wood finishes, stone accents, and earthy color palettes to blend seamlessly with the mountainous surroundings.
Cozy and Inviting Spaces
- Use plush textiles, handmade decor, and warm lighting to create a cozy atmosphere. This includes comfortable couches, plush rugs, and soft blankets.
Modern Touches with Traditional Designs
- Combine rustic elements with modern amenities like sleek appliances, smart TVs, and high-quality bedding to create a balanced and appealing space.
Fully Equipped Kitchens
- Ensure the kitchen is fully stocked with all necessary appliances, including dishwashers, refrigerators, microwaves, cooking ranges, ovens, and coffee makers. This will make it easy for guests to prepare home-cooked meals.
Comfortable Bedrooms
- Provide spacious bedrooms with king-size beds, queen beds, and twin-size beds. Include amenities like cabinets, closets, and full bathrooms with premium fixtures, fresh towels, and personal care products.
High-Speed Internet and Entertainment
- Offer high-speed wireless internet access to keep guests connected. Include amenities like flat-screen TVs, Sonos soundbars, and a variety of games for entertainment.
Outdoor Spaces
- Utilize outdoor spaces by adding large decks or patios with gas grills, hot tubs, and outdoor dining areas. These spaces enhance the overall experience and provide scenic views of the mountains.
Fireplaces and Ambiance
- Install fireplaces or electric fireplaces to create a warm and inviting atmosphere, especially during the colder months. This can be a central feature for family movie nights or relaxation.
Laundry Facilities
- Provide in-unit washers and dryers along with an iron and ironing board for guest convenience, reducing the hassle of laundry after the trip.
Cleanliness and Sanitization
- Ensure the property is thoroughly cleaned and sanitized after each checkout. This includes providing quality bedding and linens to maintain high standards of cleanliness.
Convenient Location
- Choose properties that are close to key attractions such as ski resorts, hiking trails, and downtown Winter Park. Free shuttle access can also be a significant advantage for guests.
By incorporating these elements, you can create an Airbnb in Winter Park that is both inviting and reflective of the city's unique mountain style.
Discover Winter Park, Colorado: Local Attractions and Insider Tips
Local Attractions
Winter Park Resort
- Enjoy skiing and snowboarding on 3,060 skiable acres with 143 trails and 1,212 off-piste terrain.
- Take the Panoramic Express Lift for stunning views of the Rocky Mountains.
- Experience the Sunset Ski & Ride Tour or Early Ups for first tracks on fresh powder.
Snow Mountain Ranch
- Explore over 120 kilometers of Nordic ski trails and 40 kilometers of fat bike trails.
- Try dog sledding with 15 or 30-minute rides through the resort's property.
Winter Park Village
- Visit the village for dining, shopping, and lodging, accessible via the complimentary Winter Park Cabriolet during peak season.
- Stroll along the river walk in the village and enjoy the twinkling stars.
Grand Adventures
- Go snowmobiling along the Continental Divide with tours reaching nearly 12,000 feet.
- Take a hot air balloon ride for an aerial view over the Fraser Valley.
Coca-Cola Tube Park
- Enjoy snow tubing with three lanes and a covered conveyor to return to the top.
Rocky Mountain National Park
- Only a short drive away, offering camping, hiking, and sightseeing opportunities with stunning mountain vistas.
Other Activities
- Ice skate on the Village Pond or ice fish in the area's lakes and streams.
- Visit the Winter Park Alpine Slide and Adventure Park for summer activities like the alpine slide, putting course, climbing wall, and ropes courses.
Insider Tips
Dining and Drinks
- Start your day with a breakfast burrito from Sharky’s, especially the Hard Hat special.
- Sip a hot cup of coffee at Moon Frog Coffee Shop and try the lavender latte.
- Enjoy Colorado’s best pizza at the Pizza Pedal’r and try the Yardsale pizza.
- Grab a signature Upslope Mary Jane Ale at Retta’s on-slope bar.
Shopping and Souvenirs
- Stroll through the Village to find the perfect souvenir at shops like James & Parry’s.
- Visit the Winter Park Official Apparel store for commemorative hats and t-shirts.
- Browse the shops at Cooper Creek Square for unique jewelry and delicious eats.
Activities and Tours
- Take a Sunset Snowshoe Tour or an Intro to Uphill Tour to experience the mountain in a new way.
- Track your skiing stats with the Winter Park App.
- Ride a ski bike with SnoGo Tours for a unique skiing experience.
Scenic Drives and Views
- Drive up Berthoud Pass to watch the sunset over the Rocky Mountains.
- Take a scenic drive from Winter Park to Grand Lake for breathtaking views.
Events and Festivals
- Check out the winter calendar for skiing, snowboarding, and snowshoeing races and tours.
- Enjoy summer events like beer and wine festivals, running and biking races, and music festivals.
By sharing these local attractions and insider tips, you can help your Airbnb guests make the most of their visit to Winter Park, Colorado.
Practical Tips to Run a Successful Short Term Rental Business in Winter Park, Colorado
To ensure a smooth and profitable short-term rental business in Winter Park, Colorado, several practical tips can make a significant difference. First, it is crucial to inform guests about the local noise regulations, particularly the quiet hours from 10 p.m. to 8 a.m., to maintain a good neighbor policy and avoid any potential penalties.
Creating a comprehensive digital and physical house manual is also essential. This manual should include detailed instructions on how to use appliances, Wi-Fi passwords, and other important information to enhance the guest experience and reduce the need for frequent support calls.
Implementing a simplified check-in process using smart locks can streamline guest arrival and reduce the hassle of key exchanges. Additionally, providing clear parking instructions accompanied by photos can help guests navigate the property easily and avoid any parking-related issues, especially during the winter months when overnight parking on town streets is prohibited.
By adhering to these tips, you can ensure a positive and hassle-free experience for your guests, leading to higher occupancy rates, better reviews, and ultimately, a more successful short-term rental business.
Here is a brief list of house cleaning services in Winter Park, Colorado:
House Cleaning Services
Bluebird Cleaning
- Specializes in rental property cleaning services in Winter Park, CO, and the Grand County area, including Fraser Valley, Granby, Grand Lake, and Parshall.
- Offers customizable house cleaning, deep cleaning, linen laundering, and restocking essentials.
- Partners with Grand County Lodging for vacation rental management.
General House Cleaning Services
- Various local house cleaning services listed on Care.com and other platforms, offering general room cleaning, deep cleaning, and other specialized cleaning services.
Additional Resources
- Top-rated house cleaners listed on Angi and HomeAdvisor, providing a range of cleaning services including standard, deep, move-in/move-out, and emergency cleaning. These platforms also offer reviews and ratings to help in selecting the best service.
Winter Park, Colorado: Understanding Short-Term Rental Management Fees
In Winter Park, Colorado, short-term rental management fees can vary significantly, typically ranging from 10% to 30% of the rental revenue, depending on the level of service provided. Full-service management companies, such as those described by StayWinterPark and Awning, offer comprehensive services including guest communication, marketing, and maintenance, and these services usually come with higher fees, often around 15% to 30% of the revenue.
On the other hand, basic or half-service management options, like those from Evolve, may charge lower rates, starting at 10%, but leave more of the operational tasks, such as cleaning and guest communication, to the property owner.
Additional fees can also apply for services like professional photography, design and furnishing, and repairs, further impacting the overall cost. These fees are part of the broader regulatory and financial landscape in Winter Park, where short-term rentals are subject to various regulations and fees, including a new $400 per bedroom registration fee aimed at funding affordable housing initiatives.