Back on the Market – No Fault of Home or Sellers, both Buyers failed to get their contingent homes sold - PRE-INSPECTED AND READY FOR YOU to make this amazing OPPORTUNITY yours! An incredible chance to build equity in a beautiful mountain community. This is the largest home on the 285 Corridor under $550,000, with value easily supporting $700,000 after updates. Solid construction, great bones, and endless potential like this rarely come along. Recent improvements include a brand-new 1,000-gallon septic tank and freshly cleared lot. Set on a usable 1-acre parcel with a double circle driveway and backing to 40 private acres, this 5-bed, 2-bath, 2,545 sq. ft. home offers the best price per square foot in the area. The spacious upper level features a large living area, two bedrooms, and a primary suite, while the lower level includes roughed-in plumbing for a third bath, a second living space, and two bonus rooms that could serve as additional bedrooms or flexible spaces. Located in Burland Ranchettes, you’ll enjoy exclusive access to Weakland-Fawks Park and nearby Mount Bailey trails for hiking and exploring. Don’t miss your chance to secure the best value in the foothills and transform this property into your mountain dream home.
For sale
Price cut: $3.9K (8/12)
$516,000
470 Homestead Road, Bailey, CO 80421
5beds
2,545sqft
Est.:
Single Family Residence
Built in 1976
1 Acres Lot
$-- Zestimate®
$203/sqft
$2/mo HOA
What's special
Roughed-in plumbingGood bonesDouble circle drivewayGreat layout
- 177 days
- on Zillow |
- 819 |
- 33 |
Zillow last checked: 7 hours ago
Listing updated: August 19, 2025 at 05:02pm
Listed by:
Jess Munsterman Jess@thecoloradoconnection.com,
Real Broker, LLC DBA Real
Source: REcolorado,MLS#: 6607481

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 3
Primary bedroom
- Level: Main
Bedroom
- Description: Buyer Could Choose To Use Downstairs Bonus Room As A Bedroom. Exterior Door Access Walkout
- Level: Basement
Bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Description: Septic Is 1000 Gallon. Buyer Could Choose To Use Downstairs Bonus Room As A Bedroom
- Level: Basement
Primary bathroom
- Level: Main
Bathroom
- Level: Main
Family room
- Description: Fireplace In The Basement Living Space
- Level: Basement
Kitchen
- Description: Eat-In Kitchen With A View!
- Level: Main
Laundry
- Level: Basement
Living room
- Description: Stone Focal Point Fireplace In The Main Living Space
- Level: Main
Heating
- Forced Air, Natural Gas, Wood
Cooling
- None
Appliances
- Included: Dishwasher, Dryer, Gas Water Heater, Microwave, Oven, Refrigerator, Washer
- Laundry: In Unit
Features
- Built-in Features, Ceiling Fan(s), Eat-in Kitchen, Entrance Foyer, Primary Suite, Radon Mitigation System
- Flooring: Carpet, Laminate, Tile
- Basement: Bath/Stubbed,Finished,Full,Walk-Out Access
- Number of fireplaces: 2
- Fireplace features: Basement, Living Room, Wood Burning Stove
Interior area
- Total structure area: 2,545
- Total interior livable area: 2,545 sqft
- Finished area above ground: 1,359
- Finished area below ground: 1,186
Property
Parking
- Total spaces: 4
- Parking features: Circular Driveway
- Has uncovered spaces: Yes
- Details: RV Spaces: 4
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck
- Fencing: Partial
- Has view: Yes
- View description: Meadow
Lot
- Size: 1 Acres
- Features: Level, Meadow
Details
- Parcel number: 15824
- Zoning: RES
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Mountain Contemporary
- Property subtype: Single Family Residence
Materials
- Frame, Wood Siding
- Foundation: Slab
- Roof: Composition
Condition
- Fixer
- Year built: 1976
Utilities & green energy
- Water: Well
- Utilities for property: Electricity Connected, Natural Gas Connected, Phone Available
Community & HOA
Community
- Subdivision: Burland Ranchettes
HOA
- Has HOA: Yes
- Amenities included: Playground, Trail(s)
- HOA fee: $25 annually
- HOA name: Burland Ranchettes HOA
Location
- Region: Bailey
Financial & listing details
- Price per square foot: $203/sqft
- Tax assessed value: $384,954
- Annual tax amount: $1,308
- Date on market: 3/1/2025
- Listing terms: 1031 Exchange,Cash,Conventional,FHA,VA Loan
- Exclusions: None
- Ownership: Individual
- Electric utility on property: Yes
- Road surface type: Dirt
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