970.349.6653 \\ 401 Elk Avenue, Crested Butte

624 Gothic, Crested Butte, CO 81224


This is a rare opportunity to live in downtown Crested Butte and own one of Colorado’s most renowned Inns. Your mountain living dream is within reach with this well designed, income-producing home. With a variety of options to match your desired lifestyle and revenue needs, you could choose to live privately in the nearly 1700 sqft on the top floor. Used as family quarters it can be separated from the main level; it includes two bedrooms, a loft, two bathrooms, a recently updated kitchen, dining room, a large living room with wood fireplace, and a laundry area. The main level consists of a four guest rooms with private bathrooms, living room with a gas fireplace, a ½ bath, lobby, wet bar, hot tub, and yoga room. All of the Inn’s individually decorated guest suites offer a Nepresso coffee machine, refrigerator, air purifier, toiletries, robes, clothing steamers, high quality linens and pillows, and flat screen televisions with HULU. Also available to guests is use of the ski locker at the base area. The garage includes a second laundry area. The Ruby could also be used strictly for commercial use with all six rooms used as guest accommodations. The Town has approved of The Ruby’s conversion from Bed and Breakfast to Guesthouse/Inn (AirB&B/VRBO) in light of the restrictions on communal living. The Ruby of Crested Butte is perfectly located in historic downtown Crested Butte – Colorado’s last great ski town. Crested Butte is located just four hours from Denver and has a regional airport 30 minutes away in Gunnison, home to Western Colorado University. Crested Butte enjoys year round tourism due to the incredible quality and quantity of snow in the winter for unparalleled skiing, world famous mountain biking and wildflowers in the summer, and the largest Aspen forest for magnificent fall colors. This charming town offers boutiques, art galleries, distilleries, breweries, and restaurants all just a bike ride away. Numerous parks, festivals, and trails for which Crested Butte is famous are only blocks away. The Ruby recently underwent a remodel and refurbishing to upgrade all amenities and modernize the property including new carpet and high end flooring. The grounds have been fully landscaped with perennials and shrubs in one of the town’s largest backyards; there are multiple outdoor seating areas and an outdoor hot tub to enjoy the unobstructed views of Mt Crested Butte and the surrounding mountains. Crested Butte is renowned for its charm and flair. This helps the Ruby consistently maintain steady revenues resulting in a business model and reputation that make this opportunity both profitable and an excellent investment value for the knowledgeable buyer seeking both a lifestyle and a solid return on investment in one of America’s favorite outdoor destinations. Sale includes the real estate and turn-key business. The Ruby is currently taking reservations for a June 1st reopening. Showings by appointment only.

MLS#: 779228
TAXES: $8,576.43

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Listing courtesy of Joe Garcia
Coldwell Banker Mountain Properties
Sandra Perrino
Coldwell Banker Mountain Properties


Tourist Zone T2



Request More Information on MLS# 779228


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Data last updated on: April 23, 2021

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