Short-Term Rental Changes in Summit and Park Counties

Short-Term Rental Changes in Summit and Park Counties

Isabel Rawson
03/27/23

Short-Term Rental Changes in

Summit and Park Counties

In the last few years, we have seen a big shift in short-term rental regulations throughout the region. Short-term rentals make up a significant portion of real estate sales in the resort communities. We want to acknowledge that these changes have been a burden to keep up with for our clients that are looking for such a property. Below we have outlined what each town or county is doing.

Here are a couple of key points:

In each area, a rental license IS required. Even though a town may not have rental restrictions, you must register all short-term rentals with said town and have a corresponding license.
Properties are either located within towns or unincorporated county areas. To help better understand where your property is located, please contact me and I can help you understand these town/county borders.
These rental restrictions are changing constantly. I would love to chat with you about anything that is new or coming so that you can be best informed and know what to expect.

A Summary of Short-Term Rentals

Breckenridge

Rental Restrictions in Place

The Town of Breckenridge decided to go with a zoned-approach to their rental restrictions and caps. Based on where the property lies on the map will determine if it qualifies for a short-term rental license and what type of license is available.

Keystone

Exempt from Rental Restrictions

Currently, the Keystone Resort area does not have any rental restrictions in place. For real estate, we have seen an increase in transactions in this area due to the allowance of short-term rentals. We have also seen an increase in property values.

Frisco

Rental Restrictions in Place

The Town of Frisco has based their restrictions on a percentage of the residential housing units within the town limits. They are allowing 25% (900) of units to be short-term rented. As of February 2023, that cap has been met and they are now creating a waitlist for all new applications.

Copper Mountain

Exempt from Rental Restrictions

Similar to Keystone Resort, Copper Mountain Resort has yet to implement any short-term rental restrictions. We have seen similar increases in property value and transactions in Copper Mountain because of this.

Silverthorne

Rental Restrictions in Place

The Town of Silverthorne approved a zoned restriction approach to short-term rentals, similar to Breckenridge. There are three zones with different percentages of rentals allowed in each zone. Currently, the two zones that allow short- term rentals have not capped out.

Dillon

Exempt from Rental Restrictions

The Town of Dillon has yet to implement any short-term rental restrictions.

Fairplay

Rental Restrictions in Place

The Town of Fairplay has implemented short-term rental restrictions that are similar to Frisco. They have decided on allotting 6.5% of the residential housing for short-term rentals. That would mean the cap is at 20 homes. There are currently 15 in place.

Alma

Rental Restrictions in Place

The Town of Alma does have a rental license cap. To find out more information about the cap and other rental rules and regulations, please visit the link below.

Blue River

Exempt from Rental Restrictions

Currently the Board of Trustees for Blue River has not set a "cap" or limit on the number of short-term rentals in the Town of Blue River. This is being evaluated by the Board of Trustees to determine the best balance for the community.

Summit County

Rental Restrictions in Place

As of February 2023, there are new restrictions in place for properties that are located in unincorporated Summit County. The county is capping the number of rentals at 35 bookings per year for type II licenses.

Park County

Exempt from Rental Restrictions

While Park County has not imposed any restrictions, they have a thorough application process. To learn more details, click the link below.

What To Do

First Friday Rollerama

Silverthorne

April 7th

Join the Town of Silverthorne for a special 80s themed April First Friday Rollerama event at the Silverthorne Recreation Center! Head to the Silverthorne Recreation Center from 5:30 to 8:30 p.m. for live music, a neon decorated roller skating rink set up in the gymnasium, free skate rentals and free use of the Recreation Center.

Funky on the First

Keystone Resort

April 1st

Are you ready to party like it’s 1990? If so, join Warren Station for the 2023 Funky on the 1st Party on April 1st.

Guests can blow out the 2022-23 ski season in Keystone with an après-citation party. The Losers Club, performing a Blink182 Tribute set, will be on stage, along with a costume contest.

Copper Live Music

Copper Mountain

March 26th

The Guerrilla Fanfare Brass Band (or simply Guerrilla Fanfare or GuFa) brings the high energy funk of New Orleans-style Brass Band to the Northern Colorado area. Our mission is always to get everyone up and grooving to our relentlessly fiery and funky sound.

Charity Events

Dillon Ice Melt Contest

Rotary Club of Summit County

The Lake Dillon Ice Melt is one of Summit Rotary’s flagship fundraisers. For the uninitiated, here’s how it works: every year we haul a giant drum out to the middle of Lake Dillon. Attached to said drum are watches. When the ice gives way, the clocks go under water and stop working. Locals, visitors, and other astute guessers (such as yourself!) use a mixture of past drop-times, skill, and luck to predict the exact time the clock will drop.

Round up

Summit County Young Life

April 5th, 2023 from 6-8pm

A fundraiser night with dinner, country dancing with a special guest caller, free admission for middle and high school-aged children, and free childcare for those younger than middle school. All proceeds will go to supporting the youth of Summit County.

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