420 ELLSWORTH #5, Grand Lake, CO 80447

Buy it for the view. Hold it for the numbers. Lakefront scarcity, downtown convenience, documented income. This is the kind of property that works on paper and in person. True lakefront in the heart of town. Eagles Landing Unit 5 sits directly on the shores of Grand Lake with stunning water views. Step outside and you're one block from the boardwalk, dining, festivals, concerts in the park, and Rocky Mountain Repertory Theatre. Lakefront and downtown — a rare combination that consistently performs. Strong rental history from 2018-2025 demonstrates consistent income, with peak revenue exceeding $48K. This is a proven short-term rental asset in one of Colorado's most walkable lake communities. Recent updates include: All new kitchen appliances (2023), washer/dryer (2023), water heater (2019), updated fixtures, door lock (2023), and new king and queen mattresses (2025). Turnkey and ready for continued operation. The HOA is financially proactive, planning ahead for a future roof replacement and collecting accordingly to help avoid special assessments  an important long-term detail for investors. Two bedrooms, two full bathrooms, a great deck off of the front that overlooks the lake, in unit sauna and covered parking space all make this a fantastic property.