An exciting new short-term rental investment opportunity is on the horizon in Gilpin County, Colorado. As of 9 am on August 23rd, the Gilpin County Commissioners approved legislation to allow for 5% of single-family homes to operate as short-term rentals/Airbnb. This means that 150 short-term rental licenses have become available. It is estimated that 20 of these will be issued to owner-occupied properties, 54 issued to residents, and 76 issued to non-residents. Gilpin County is made up of 2 main cities, Black Hawk and Central City. It is part of the Denver-Aurora-Lakewood, CO Metropolitan Statistical Area.

 

Why buy real estate here? Keep reading to see why a home in Gilpin County will bring renters running.

 

• Nicknamed the “Las Vegas of Colorado”, Black Hawk is home to 18 casinos and is the most prominent gambling town in the state. It is one of the only 3 total towns in Colorado where casinos are permitted.
  
  
• A fisherman’s delight, Gilpin County is home to 42 lakes, rivers, and other fishing spots.
  
  
• Under an hour's commute to downtown Denver, Boulder, and Colorado Springs
  
  
• No car? No problem – The Ramblin’ Express shuttle bus offers easy transportation between Denver and Black Hawk. Plus, Black Hawk’s free in-town shuttle service shuttles visitors up and down Main Street, 7 days a week!
  
  
• Both Golden Gate Canyon State Park and the Arapaho and Roosevelt National Forests are located in Gilpin County. Grab your hiking boots – Golden Gate Canyon State Park offers over 40 miles of hiking trails and breathtaking views.

Antsy to snag one of those 150 licenses and start your Airbnb investment journey? Give us a call at (720) 702-9150 and the Good Neighbor Realty team will walk you through every step.