Crested Butte Resort

10 Marcellina Lane, Mt Crested Butte, CO

Project Details

    LOCATION
    10 MARCELLINA LANE, MT CRESTED BUTTE, CO
  
    PROJECT TYPE
    28 UNIT RESORT
  
    FLOOR AREA
    24,178 SQ.FT

Project Status

    DESIGN | CITY REVIEW
    | PERMITTED
    | CONSTRUCTION
  
    STABILIZING | COMPLETED

Fundraising Status

    FUNDING
    | CONSTRUCTION
    | COMPLETED
  

Investment Perfomance

    ANTICIPATED DEBT RETURN
    15-20%
  
    ANTICIPATED EQUITY RETURN
    15-20%
  
    MIN INVESTMENT
    $5,000
  
    TERM
    48 MONTHS
  
    EXIT STRATEGY
    RENT

Project Description

The project at 10 Marcellina Lane presents a compelling investment opportunity in the heart of Mt. Crested Butte.

Comprising three thoughtfully designed buildings with a total of 32 modern dwelling units, the development is strategically positioned to capitalize on the region’s high demand for quality lodging and residential options. By overlaying a boutique lodging brand, all units will initially serve as upscale accommodations, immediately generating robust cash flow upon completion. This flexible model allows select units to transition into the for-sale pool over time, ensuring a steady revenue stream while optimizing returns through phased disposition—rather than relying solely on a single bulk sale.

The site offers covered parking throughout, enhancing convenience for guests and residents alike. Community amenities are designed to elevate the living and guest experience, including a spacious amenity deck below the buildings featuring a fire pit and jacuzzi—perfect for relaxing after a day on the slopes. The upper building’s amenity deck provides a chic lounge area with an additional fire pit and outdoor seating, fostering a vibrant community atmosphere. A dedicated walking path, complete with a bridge over the central access lane, seamlessly connects all buildings and amenities, promoting walkability and a cohesive sense of place.

Market Highlights

Neighborhood

Crested Butte is renowned for its world-class skiing and picturesque mountain town charm, yet currently faces a shortage of high-caliber lodging options relative to demand. Residential properties in the area routinely command prices north of $1,000 per square foot, highlighting the market’s strength. However, the slow absorption rate for residential sales makes the hybrid lodging and phased sale approach particularly attractive—mitigating risk and maximizing cash flow. Investors benefit from the dual upside of ongoing lodging income and the potential for significant capital appreciation as units are sold over time.
With zoning for high-density multi-family use and approximately 51,000 gross square feet of residential floor space, 10 Marcellina Lane stands out as one of the few remaining prime development sites in Mt. Crested Butte. The neighborhood’s diverse architectural styles and vibrant community add further value, making this project a rare chance to invest in a premier location with built-in demand, strong financial fundamentals, and unique exit flexibility.
Limited Availability

More info coming soon
Maintains Market increase

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