155 Lamb Mountain Road, Fairplay, CO 80440

• 3 beds |
• 2 baths |
• 1,596 sqft

Property Description

Turnkey Mountain Home with Income, Expansion Potential & Unobstructed Views Located in the gated Warm Springs community of Fairplay, this fully furnished, turnkey mountain home offers an ideal blend of privacy, income potential, and room to grow. The home features 2 bedrooms, 2 bathrooms, plus a third non-conforming bedroom, providing flexible space for guests, an office, or additional sleeping accommodations. With 1,596 finished square feet and an additional 1,354 square feet of unfinished basement, the property offers excellent future expansion. Plans for a 5-bedroom septic system are available, adding long-term value and flexibility. Currently operating as a highly successful short-term rental generating over $54,000 annually, this home is well-suited for investors or buyers seeking a mountain retreat that produces income. An owner’s closet allows for personal storage while maintaining full rental functionality. Interior features include wood-grain tile flooring, granite countertops, knotty hickory cabinetry, and a striking river-rock wood-burning fireplace. The primary suite includes a steam shower, creating a spa-like experience after a day outdoors. Enjoy expansive mountain views from the hot tub, surrounded by a mix of aspens and pines. The home sits across from a horse pasture, ensuring lasting open space and unobstructed views, and offers direct access to National Forest from the edge of the lot. Additional highlights include a standing-seam metal roof, new exterior stain, fresh road base on the driveway, community water system, plus access to tennis courts, private fishing rights, and a community clubhouse. A rare opportunity for income, lifestyle, and future growth in a classic Colorado mountain setting.

Listing Status:

Active

Data Last Updated:

February 16, 2026 at 7:21AM

Listing Office:

eXp Realty, LLC : 888-440-2724

Listing Agent:

Courtney Peel : 970-409-8146

MLS ID:

2096353

Interior

• General: Ceiling Fan(s)Eat-in KitchenEntrance FoyerGranite CountersKitchen IslandMarble CountersPrimary SuiteSmoke FreeTile CountersVaulted Ceiling(s)Walk-In Closet(s)
• Appliances: CooktopDisposalMicrowaveOvenRefrigerator
• Basement: Unfinished
• Flooring: Tile
• A/C: Other
• Heating: BaseboardElectric
• Fireplace: Living RoomFireplaces: 1

Exterior

• General: Gas GrillPrivate YardRain GuttersSpa/Hot Tub
• Other Structures: Wrap AroundDeckCovered
• Parking: GravelParking spaces: 1

Construction

• Roofing: Metal
• General: Two

Location

• HOA Amenities: ClubhouseGatedPond SeasonalTennis Court(s)Trail(s)1680.0Annually
• Originating MLS: recolorado
• School District: Park County RE-2
• County: Park

Lot

• Zoning: Single FamilyT10 R78 S24 SE4 WARM SPRINGS FILING 4 LOT 308 1/5 INT IN HORSE PASTURE C39338
• View: MeadowMountain(s)

Utilities

• Utilities: Electricity Connected
• Water: Public
• Sewer: Septic Tank

Financial

• Source: recolorado
• Ownership: Individual
• Exclusions: personal property