Turn-Key Luxury Vacation Rental in Prime Ouray Location A rare opportunity to own one of Ouray’s premier turn-key luxury properties—fully furnished, impeccably appointed, and already operating as a highly successful short-term rental. Unlike many homes currently on the market, this commercially zoned property is approved for short-term rental use, offering immediate income potential from day one. This beautifully remodeled 120-year-old home blends historic charm with upscale modern finishes in one of Ouray’s most desirable locations—directly across from the iconic Western Hotel and just steps from shops, restaurants, and the hot springs. Inside, original architectural details—including solid wood doors, vintage fixtures, intricate trim work, and hardwood floors—are complemented by high-end updates throughout. The gourmet kitchen features custom cabinetry, granite countertops, and premium stainless steel appliances, opening into spacious living areas designed for entertaining and relaxation. The home offers five spacious bedrooms and 3.5 thoughtfully designed bathrooms, including a main-floor ADA-compliant en-suite and a luxurious upstairs primary retreat with a private deck and clawfoot soaking tub. Outside, enjoy a beautifully landscaped yard with a welcoming patio and gas fire pit—perfect for relaxing under the Colorado sky. Ranked in the top 1% of homes on Airbnb and recognized as one of the platform’s “most loved homes,” this property has a proven track record as a luxury vacation rental with exceptional guest appeal. Offered fully furnished and professionally decorated, this truly turn-key property is ready to continue generating income immediately—whether as a private residence, investment property, or both.
Active
Price cut: $50K (7/11)
$1,545,000
645 2nd Street, Ouray, CO 81427
5beds
2,675sqft
Stick Built
Built in 1902
3,484 Square Feet Lot
$1,429,800 Zestimate®
$578/sqft
$-- HOA
What's special
Fully furnishedProfessionally decoratedOriginal architectural detailsPrivate deckImpeccably appointedHistoric charmWelcoming patio
- 102 days
- 560
- 34
Zillow last checked:
Listing updated:
Listed by:
Nancy Feeser O:970-519-1033,
Ouray Homes Real Estate LLC
Source: CREN,MLS#: 835001
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Primary bedroom
- Level: Upper
Dining room
- Features: Eat-in Kitchen, Separate Dining
Heating
- Boiler
Appliances
- Included: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
Features
- Flooring: Hardwood, Tile
- Basement: Basement-below grade,Partially Finished
Interior area
- Total structure area: 2,675
- Total interior livable area: 2,675 sqft
Property
Features
- Levels: Two
- Stories: 2
- Has view: Yes
- View description: Mountain(s)
Lot
- Size: 3,484 Square Feet
- Features: Corner Lot
Details
- Parcel number: 451531208002
- Zoning description: Commercial,Residential Single Family
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Victorian
- Property subtype: Stick Built
Materials
- Wood Siding
- Roof: Metal
Condition
- New construction: No
- Year built: 1902
Utilities & green energy
- Sewer: Public Sewer
- Water: City Water
- Utilities for property: Electricity Connected, Internet, Natural Gas Connected, Phone - Cell Reception
Community & HOA
Community
- Subdivision: Other
HOA
- Has HOA: No
Location
- Region: Ouray
Financial & listing details
- Price per square foot: $578/sqft
- Tax assessed value: $870,210
- Annual tax amount: $14,730
- Date on market: 5/22/2026
- Electric utility on property: Yes
Estimated market value
$1,429,800
$1.36M - $1.50M
$3,954/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/11/2026 | Price change | $1,545,000-3.1%$578/sqft |
Source: | ||
| 5/22/2026 | Listed for sale | $1,595,000-7.5%$596/sqft |
Source: | ||
| 10/31/2025 | Listing removed | $1,725,000$645/sqft |
Source: | ||
| 7/14/2025 | Price change | $1,725,000-2.8%$645/sqft |
Source: | ||
| 5/15/2025 | Listed for sale | $1,775,000-4.1%$664/sqft |
Source: | ||
| 7/6/2024 | Listing removed | $1,850,000$692/sqft |
Source: | ||
| 7/3/2024 | Listed for sale | $1,850,000+117.6%$692/sqft |
Source: | ||
| 9/28/2022 | Sold | $850,000-14.9%$318/sqft |
Source: Public Record Report a problem | ||
| 8/12/2022 | Listed for sale | $999,000+170%$373/sqft |
Source: | ||
| 12/21/2015 | Sold | $370,000$138/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $14,925 +343.4% | $234,960 -2.3% |
| 2024 | $3,366 +42.2% | $240,390 +276% |
| 2023 | $2,367 -2.1% | $63,940 +68.8% |
| 2022 | $2,417 +25% | $37,890 -2.8% |
| 2021 | $1,933 | $38,970 +25.4% |
| 2020 | $1,933 +13% | $31,070 -0.7% |
| 2019 | $1,711 +16.3% | $31,290 +15% |
| 2018 | $1,472 | $27,200 +15.3% |
| 2017 | -- | $23,600 +1.9% |
| 2016 | -- | $23,160 -65.3% |
| 2015 | -- | $66,770 +5.3% |
| 2012 | -- | $63,380 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 81427
Nearby schools
Schools provided by the listing agent
- Elementary: Ouray K-6
- Middle: Ouray 7-8
- High: Ouray 9-12
Source: CREN. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.





