Performance indicators for the Crestone short-term rental market based on reliable data.
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Reliable / Active
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The highest-performing listings in Crestone.
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Challenging to Investors
STRs are permitted with low licensing costs ($150 town business license + $50 county home‑occupation permit) and no explicit caps, but enforcement is weak (only 5 of 165 listings compliant), creating compliance risk. A pending state bill would reclassify STRs rented >90 days/year as commercial lodging, raising property tax from ~6.8% to ~27.9%, materially boosting costs. The combination of dual permitting, low current compliance, and major potential tax increases yields a Challenging rating.
Local STR Agent
STR specialist · Crestone, CO
Crestone, Colorado, is a small town nestled in the San Luis Valley at the base of the Sangre de Cristo Range. As of the latest census, Crestone has a population of approximately 150 people, making it a quaint and close-knit community. The town is situated about 200 miles south of Denver, Colorado, which is the closest major city.
Crestone is renowned for its spiritual significance and numerous retreat centers, making it a unique destination for those seeking tranquility and personal reflection. Notable landmarks include the Crestone Ziggurat, a meditation tower offering panoramic views of the surrounding landscape, and the Great Sand Dunes National Park and Preserve, located just a short drive away. Great Sand Dunes National Park & Preserve.
Additionally, the area is home to several spiritual centers, including the Crestone Mountain Zen Center and the Shumei International Institute, which attract visitors from around the globe. The town's proximity to natural attractions such as the Baca National Wildlife Refuge and hot springs add to its appeal, providing various outdoor activities and serene experiences.
Crestone's unique blend of natural beauty, spiritual retreat centers, and peaceful ambiance make it an attractive destination for short-term rentals, particularly for those seeking a quiet retreat or adventure in the great outdoors.