PRICE REDUCED OVER $275,000 AND OFFERED AS-IS! This is a rare opportunity for buyers seeking exceptional value, substantial square footage, a serious workshop, and long-term potential. This spacious log home on 2.5 acres offers an exceptional opportunity for buyers. With three levels of living space, an oversized detached garage and workshop, and a fully finished basement with a separate entrance, this property provides flexibility for multi-generational living, guest quarters, rental potential, or simply room to spread out. The standout feature is the oversized workshop with 500-amp service. Ideal for a contractor, fabricator, woodworker, RV enthusiast, car collector, or anyone needing serious workspace. The upper level offers additional office, studio, or hobby space and could be converted back to RV storage. The finished basement includes two bedrooms, a full bath, a separate entrance, and space to add a kitchen, creating the potential for a lock-off or independent living area. The main level features a large great room, open dining area, and spacious kitchen with abundant counter space and storage. Log walls, exposed beams, a pellet stove, expansive windows, and access to the wraparound deck deliver classic mountain character and beautiful views. Upstairs, the private primary suite features generous space, dual closets, and a five-piece bath. Outside, enjoy a circular paved driveway, fenced areas, a back patio, and a play structure for adults and kids alike. Recent updates include a NEW septic system, fresh exterior paint, and new skylights in the shop. Located in gated Warm Springs, owners enjoy central water, privately maintained roads, stocked fishing ponds, pickleball courts, and direct National Forest access. Minutes from Fairplay and under an hour from Breckenridge and Buena Vista. Bring your vision and take advantage of a rare opportunity to own substantial living space and a serious workshop and priced to sell!!
For sale
Price cut: $46K (7/31)
$699,000
597 Sheep Ridge Road, Fairplay, CO 80440
4beds
3,800sqft
Single Family Residence
Built in 1994
2.5 Acres Lot
$670,000 Zestimate®
$184/sqft
$140/mo HOA
What's special
Big mountain viewsLog wallsFenced areasPrivate primary suiteOpen dining areaCircular paved drivewayExpansive windows
- 379 days
- 539
- 43
Zillow last checked:
Listing updated:
Listed by:
Katie Stamp mountainhousere@gmail.com,
eXp Realty, LLC, Mountain House Properties,
Courtney Peel 970-409-8146,
eXp Realty, LLC, Mountain House Properties
Source: Altitude Realtors,MLS#: S1061955
Originating MLS: Summit Association of Realtors
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- 3/4 bathrooms: 1
Primary bedroom
- Level: Upper
Bedroom
- Level: Main
Bedroom
- Level: Basement
Bedroom
- Level: Basement
Other
- Level: Basement
Laundry
- Level: Main
Other
- Level: Upper
Other
- Level: Main
Heating
- Baseboard, Central, Hot Water, Propane, Pellet Stove, Radiant, See Remarks
Appliances
- Included: Dishwasher, Electric Cooktop, Electric Range, Disposal, Microwave, Refrigerator, See Remarks, Dryer, Washer
- Laundry: Main Level
Features
- See Remarks, Vaulted Ceiling(s)
- Flooring: Carpet, See Remarks, Tile, Wood
- Basement: Apartment,Exterior Entry,Walk-Out Access,Finished
Interior area
- Total interior livable area: 3,800 sqft
Video & virtual tour
Property
Parking
- Parking features: Asphalt, Circular Driveway, Detached, Garage, Three or more Spaces, See Remarks
- Has garage: Yes
Features
- Levels: Three Or More
- Has view: Yes
- View description: Mountain(s)
Lot
- Size: 2.5 Acres
- Features: See Remarks
Details
- Additional structures: Shed(s)
- Parcel number: 38557
- Zoning description: Residential Rural
- Other equipment: Satellite Dish
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cabin
- Property subtype: Single Family Residence
Materials
- Log
- Foundation: Poured
- Roof: Metal
Condition
- Resale
- Year built: 1994
Utilities & green energy
- Sewer: Septic Tank, See Remarks
- Water: Community/Coop, Shared Well, Well
- Utilities for property: Electricity Available, Propane, Phone Available, Snow Removal, See Remarks, Trash Collection, Septic Available
Community & HOA
Community
- Features: Trails/Paths, Clubhouse, Gated, Racquetball
- Subdivision: Warm Springs
HOA
- Has HOA: Yes
- HOA fee: $1,680 annually
Location
- Region: Fairplay
Financial & listing details
- Price per square foot: $184/sqft
- Tax assessed value: $912,526
- Annual tax amount: $3,963
- Date on market: 8/15/2025
- Exclusions: No
- Road surface type: Dirt
Estimated market value
$670,000
$637,000 - $704,000
$3,577/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/31/2026 | Price change | $699,000-6.2%$184/sqft |
Source: | ||
| 7/2/2026 | Price change | $745,000-0.5%$196/sqft |
Source: | ||
| 6/13/2026 | Price change | $749,000-3.4%$197/sqft |
Source: | ||
| 5/29/2026 | Price change | $775,000-1.8%$204/sqft |
Source: | ||
| 5/11/2026 | Price change | $789,000-0.6%$208/sqft |
Source: eXp Realty #S1061955 Report a problem | ||
| 4/24/2026 | Price change | $794,000-0.6%$209/sqft |
Source: | ||
| 3/13/2026 | Price change | $799,000-2.6%$210/sqft |
Source: | ||
| 1/23/2026 | Price change | $820,000-3.4%$216/sqft |
Source: | ||
| 11/15/2025 | Price change | $849,000-5.5%$223/sqft |
Source: | ||
| 10/6/2025 | Price change | $898,000-4%$236/sqft |
Source: | ||
| 9/14/2025 | Price change | $935,000-4.1%$246/sqft |
Source: | ||
| 8/15/2025 | Listed for sale | $975,000+49.2%$257/sqft |
Source: | ||
| 5/1/2025 | Sold | $653,422-33.3%$172/sqft |
Source: Public Record Report a problem | ||
| 11/24/2024 | Listed for sale | $979,000-12.4%$258/sqft |
Source: | ||
| 7/17/2024 | Listing removed | $1,117,000-1.8%$294/sqft |
Source: | ||
| 5/4/2024 | Price change | $1,137,000-1%$299/sqft |
Source: | ||
| 3/21/2024 | Price change | $1,149,000-2.6%$302/sqft |
Source: | ||
| 10/20/2023 | Listed for sale | $1,180,000+155.4%$311/sqft |
Source: | ||
| 5/17/2021 | Sold | $462,075+24.9%$122/sqft |
Source: Public Record Report a problem | ||
| 12/15/2008 | Sold | $370,000$97/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,964 +4.6% | $61,140 -6.2% |
| 2024 | $3,791 +63.8% | $65,210 -6.3% |
| 2023 | $2,314 +5.2% | $69,560 +92.4% |
| 2022 | $2,199 -5.9% | $36,160 -2.8% |
| 2021 | $2,336 +29% | $37,200 +29% |
| 2020 | $1,811 +1.1% | $28,830 |
| 2019 | $1,791 +28.6% | $28,830 +12.2% |
| 2017 | $1,392 -6.4% | $25,690 -6.4% |
| 2016 | $1,487 -2% | $27,440 |
| 2015 | $1,517 +1.4% | $27,440 |
| 2014 | $1,496 -18.5% | -- |
| 2013 | $1,835 +0.9% | $26,670 |
| 2012 | $1,819 +6.9% | -- |
| 2011 | $1,702 | -- |
Find assessor info on the county website
Monthly payment
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