28505 Thorpe Mountain, Oak Creek, CO, 80487, USA, Steamboat Springs, Colorado, United States. - Hero Image
28505
Thorpe Mountain
Steamboat Springs | Colorado

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Michelle Barnes
Michelle Barnes
Presented At
$6,095,000
Bedrooms
5
Bathrooms
6
28505 Thorpe Mountain, Oak Creek, CO, 80487, USA, Steamboat Springs, Colorado, United States. - Photo 1
28505 Thorpe Mountain, Oak Creek, CO, 80487, USA, Steamboat Springs, Colorado, United States. - Photo 2
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28505 Thorpe Mountain, Oak Creek, CO, 80487, USA, Steamboat Springs, Colorado, United States. , Steamboat Springs , Colorado 80487

dream retreat just outside Steamboat Springs

A dream retreat just outside Steamboat Springs. This newly renovated home blends rustic charm with modern elegance, set on a 37-acre equestrian property designed for both luxury living and an active lifestyle.

Step inside to discover an expansive floor plan featuring soaring ceilings, large picture windows, and iconic views of the surrounding mountains, bringing the beauty of Colorado’s wilderness right into your living room. The 5 spacious bedrooms—each with its own en-suite bathroom—plus a stylish powder room, offers privacy and comfort for family and guests alike.

Outside, unwind in your private hot tub while listening to the gentle sounds of the creek and cascading waterfalls, which flow into your very own tranquil coy pond—a picture-perfect setting for relaxation and entertaining.

Equestrian lovers will be thrilled with the brand-new fully heated 6-stall barn, complete with concrete floors and automatic watering systems. In addition, the property has a 3-stall loafing barn. New 4’ high split rail fencing completely encloses the property along with two solar powered electronic gates, creating security and privacy.
The property yields approximately 80,000 pounds of high-quality hay annually.

Whether you’re looking for a private mountain escape, a working horse property, or a luxurious retreat with unbeatable scenery, this one-of-a-kind estate delivers it all.

Opportunities like this don’t come often—schedule your private showing today and experience true Colorado living.

Property

3D Street View Tour

Map showing 28505 Thorpe Mountain, Oak Creek, CO, 80487, USA, Steamboat Springs, Colorado, United States.

Property Location

28505 Thorpe Mountain, Oak Creek, CO, 80487, USA, Steamboat Springs, Colorado, United States., Steamboat Springs Colorado

Local Weather & Climate

Steamboat Springs, Colorado

Current Conditions Updated recently
42 °F
Clear sky
Feels Like 42°F
Humidity 40%
Wind 2 mph
Visibility 6.2 mi
Sunrise 1:20 PM
Sunset 1:12 AM
5-Day Forecast
Sat 14 Mar
Clouds
High 52°
Low 42°
Sun 15 Mar
Snow
High 50°
Low 17°
Mon 16 Mar
Clouds
High 37°
Low 22°
Tue 17 Mar
Clouds
High 53°
Low 34°
Wed 18 Mar
Clear
High 61°
Low 35°
Data from OpenWeatherMap

Walkability & Transit Scores

How easy is it to get around Steamboat Springs?

Walkability and transit scores for this address come from the EPA National Walkability Index.

Mortgage Calculator

Estimate your monthly payments for this property

$
%
$100,000
%
Estimated Monthly Payment $3,160
Monthly Payment Breakdown
Principal & Interest $2,528
Loan Amount $400,000
Total Interest $337,621
Total Cost $737,621
Potential Tax Benefits (United States)
$0 Est. First Year Interest Deduction
$0 Est. Annual Tax Savings
*Based on post-2017 tax law. Actual deductions depend on filing status, itemization, and current tax laws.

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Important Information
  • This calculator is for illustrative purposes only and does not constitute a loan offer, pre-approval, or commitment to lend.
  • Monthly payment estimates do not include property taxes, homeowner's insurance, HOA fees, or other applicable costs which may significantly increase your actual payment.
  • Interest rates shown are for demonstration only. Actual rates depend on your credit score, down payment, loan type, property location, and current market conditions.
  • This tool provides estimates only. Consult with a licensed mortgage professional for accurate quotes and personalized advice.
  • Tax benefit calculations are simplified estimates based on general assumptions for United States. Actual deductions depend on your specific tax situation, filing status, and current tax laws.
  • Tax Year Information: Tax data shown is based on United States tax year 2025 (fiscal year: January-December), rules effective from 2018 through 2025. Tax laws change frequently and may have been amended since this data was compiled.

Market Opinion

Ultra Luxury 467.0× median

Our perspective on current market conditions in Steamboat Springs. For informational purposes only — always consult a licensed real estate professional before making decisions.

Neutral Market
Balanced conditions. Negotiate wisely.
50
Buyer Score
Prices are up 34.5% year-over-year
Homes are taking 105 days to sell - more time to negotiate
Homes selling 3.7% below asking price on average

Local Market Price Trends

Median home sale prices in Steamboat Springs, Colorado — ZIP code 80487 over the last 24 months. This shows how property values in this neighborhood have changed over time, helping you understand whether the market is appreciating, stable, or cooling.

This property is listed at $609,500,000
Area median: $1,305,000
+34.5% year-over-year (well above the 3.5% historical avg)

Market Competition

105 days
Days on Market
Above typical
96.3%
Sale-to-List Ratio
Below asking

Future Value & Wealth Building

Starting investment: $6,095,000 20% down ($1,219,000)

9.5 years
Double Your Investment
Based on current market trends, your property value could double
$8,435,722
10-Year Equity
Your potential equity after 10 years of payments and appreciation
+$3,477,434
Appreciation Beats Rent
Potential gain vs 10 years of renting a similar home
$32,440
Monthly Investment
Estimated monthly mortgage payment (principal & interest)
$54,103,316
30-Year Wealth Potential
Total equity after full mortgage payoff with market appreciation
6.9x
Leverage Power
Your $1,219,000 down payment could grow to $8,435,722 in equity (10 yrs)
Investment Perspective
$ $ $ $
$1 → $2.07
Every dollar invested today could become $2.07 in 10 years
$100 → 207 $1,000 → $2,071
+$1,261
$1,261/day
Your home may appreciate while you sleep
$8,849/week $38,345/mo $460,141/yr
$100K Investment Comparison (10 Years)
Real Estate (Leveraged)
$635K
S&P 500 Index
$259K
High-Yield Savings
$155K
Real estate leverage: potential 145% advantage over stocks
RENT 💸 -$3.4M
vs
OWN 📈 +$8.4M
$8.4M Potential Equity
vs $3.4M lost to rent over 10 years
$1.2M Down Payment Growth
6.9x
10yr
$8.4M
19.1x
20yr
$23.3M
44.4x
30yr
$54.1M
Wealth Comparison
×129
Equivalent to 129 average US homes
top 5%
US household wealth ranking
Median: $193K Yours: $54.1M
Time to Double Your Investment (accounting for market cycles)
16.9
years
Conservative
4.2% effective/yr
8.5
years
Optimistic
8.54% effective/yr
Projected Home Values (adjusted for market cycles)
10 Years
Conservative $9.2M +51%
Market $12.6M +107%
Optimistic $13.8M +127%
$8.4M est. equity
20 Years
Conservative $13.9M +128%
Market $26.1M +329%
Optimistic $31.4M +415%
$23.3M est. equity
30 Years
Conservative $20.9M +243%
Market $54.1M +788%
Optimistic $71.3M +1,069%
$54.1M est. equity

Historical Market Context

How current appreciation compares to long-term averages

National Long-Term Average
4.27 %
1967 – 2024
57 years of U.S. home price data
Recent Decade Average
6.5 %
2014 – 2024
Post-recovery bull market
Above Historical
Current 8.5% appreciation exceeds the national historical average (4.3%). Market-based projections reflect current conditions that may moderate over time.

Projections account for historical market cycles (~12% corrections every 6 years). Effective annual growth after corrections: 7.5%. Market scenario reflects current 8.5% YoY trend from Redfin (Feb 2026). These projections are estimates only and actual results may vary. Past performance does not guarantee future results.

Data from U.S. Census Bureau, World Bank, Zillow, and Redfin | Market data updated Feb 2026

Neighborhood Demographics

ZIP 80487 • 2022 ACS Data

18,383 Population
Median Age: 42.0
$95,675 Median Income
Above Average
$800,500 Median Home Value
Rent: $1,817
53.9% College Graduates
High

Housing

Homeowners 43.9%
Renters 14.9%
Vacancy Rate 41.2%

Employment

3.2% Unemployment
21.2% Work From Home

Education Attainment (Age 25+)

High School+ 96.9%
Bachelor's+ 53.9%
Graduate+ 21.0%
Data from U.S. Census Bureau American Community Survey 2022

Frequently Asked Questions

Common questions about this property

This house at 28505 Thorpe Mountain, Oak Creek, CO, 80487, USA, Steamboat Springs, Colorado, United States features 5 bedrooms.
This property is listed at $609,500,000.
In Steamboat Springs, home prices have increased 34.5% over the past year, homes typically sell within 105 days, it's currently a unknown. These market conditions can affect pricing strategies and negotiation opportunities.
Based on current market indicators, Steamboat Springs shows an active market. The market opportunity score is 50 out of 100, reflecting factors like price trends, inventory levels, and days on market.
This is a house located in Steamboat Springs, Colorado. The property is situated in an established neighborhood with convenient access to local amenities and services.
Michelle Barnes

Michelle Barnes

The Group, Inc.

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Travis Crooke

Travis Crooke

The Group, Inc.

View Full Profile

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