DEVELOPMENT OPPORTUNITY in Old Town Steamboat. Rare opportunity to develop this sizable downtown lot into 2 investment properties in the heart of downtown Steamboat. This .33-acre property is eligible to be subdivided into two city lots under RO Zoning (Residential Old Town). Options include building two homes—each with an ADU—or constructing a larger home with an ADU on one lot. Zoning also allows for the development of a duplex. Flat topography makes for easier site prep and the approximately 150 feet of alley access provides added convenience and privacy. Buyers are encouraged to confirm all planning and building possibilities with the City of Steamboat Planning Department. To subdivide, it is likely the existing 1508 SF home will need to be removed; thus the property is being sold “as is.” Ideally located across from Soda Creek Elementary and within walking or biking distance to downtown shops, restaurants, parks, and both the middle and high schools. Contact broker for more details, including plats, surveys, conceptual lot-split drawings, existing conditions, and dimensional standards for RO zoning.
For sale
$1,690,000
538 8th St, Steamboat Springs, CO 80487
3beds
1,508sqft
Est.:
Single Family Residence
Built in 1961
0.33 Acres Lot
$1,643,100 Zestimate®
$1,121/sqft
$-- HOA
What's special
Flat topographyAlley accessDowntown lot
- 16 days
- on Zillow |
- 1,487 |
- 30 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: July 31, 2025 at 12:30pm
Listed by:
Colleen deJong (970)846-5569,
Steamboat Sotheby's International Realty,
Cristin Frey 303-912-7557,
Steamboat Sotheby's International Realty
Source: Altitude Realtors,MLS#: S1061372
Originating MLS: Steamboat Springs Board of Realtors

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Other
- Level: Main
Half bath
- Level: Main
Utility room
- Level: Lower
Heating
- Forced Air
Appliances
- Included: See Remarks
- Laundry: See Remarks
Features
- Ceiling Fan(s), Laminate Counters, Smoke Free, Cable TV, Utility Room
- Flooring: Carpet, Tile, Wood
- Basement: Crawl Space
Interior area
- Total interior livable area: 1,508 sqft
Video & virtual tour
Property
Parking
- Parking features: Asphalt, Parking Pad
Features
- Levels: One
- Patio & porch: Deck
- Has view: Yes
- View description: City
Lot
- Size: 0.33 Acres
- Features: Corner Lot, City Lot, Level, Near Ski Area, Near Public Transit, Split Possible
Details
- Additional structures: Shed(s)
- Parcel number: R6776289
- Zoning description: See Remarks
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Frame
- Roof: Metal
Condition
- Resale
- Year built: 1961
Utilities & green energy
- Sewer: Connected, Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available, High Speed Internet Available, Phone Available, Sewer Available, Trash Collection, Water Available, Cable Available, Sewer Connected
Community & HOA
Community
- Features: None
- Subdivision: 1st Add To Steamboat Springs
HOA
- Has HOA: No
Location
- Region: Steamboat Springs
Financial & listing details
- Price per square foot: $1,121/sqft
- Tax assessed value: $1,246,540
- Annual tax amount: $3,501
- Date on market: 7/19/2025
- Listing agreement: Exclusive Right To Sell
- Exclusions: No
- Ownership type: Sole Proprietor
- Road surface type: Paved
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