A home to play in

Montview house offers amenities, rental income


— Near the base of the ski area sits a house that has its own indoor pool, ice rink and two home theaters. But perhaps the most attractive feature of the 8,000-square-foot home along Montview Lane is its track record as a moneymaker.

Jim Funk, owner of Steamboat Home Management Realty, designed, built and managed the house for four years. The house, which has straight on views of the ski area and sleeps between 16 and 20, generates more than $100,000 a year, Funk said.

"Basically a lot of homes are in the million dollar price range. But this offers something that is capable of generating income," Funk said. "This is a proven income producer."

Because partners in the house wanted to liquidate their assets, Funk decided to put the house on the market. He is asking $2.6 million and foresees the buyer keeping it as a rental property and turning a profit once the mortgage is paid off.

"That is what it was designed for. It rents really well with large families and corporations. This house really fits that situation," Funk said.

In the property management business for more than 20 years, Funk said he had been renting private homes for visitors, but never one built for visitors. Then, he had a client who had a house built for the tourist. Funk said it has been full ever since and was the inspiration for the Montview home.

"Most of the homes were designed for the people that live there. And this house wasn't," Funk said.

The Montview home rents seven to 10 times in the winter season and two to three times in the summer.

When Funk gives the guests a tour of the house, he said the first place the kids want to go is the indoor pool. The 22-by-30 foot pool has the added feature of a waterfall flowing from the adjacent hot tub.

When Funk designed the home four years ago, he wanted it to have everything he would want on vacation.

"Basically, I am a kid at heart. I put in everything I would want. Most adults are kids too, and this is everything they would enjoy," Funk said.

In the winter, a 30-by-70 foot ice rink sits outside and the space turns into a volleyball court in the summer. There is also a half-court basketball court and a horseshoe pit outside.

Inside the house is a game room and den with a billiard table, ping-pong table, foosball table, home theater entertainment center and wet bar. The house also offers another home theater in the living room, two hot tubs, three gas fireplaces, and six cable TVs.

Counting couples and children, the house could actually sleep more than 20, but office manager Darlene Bruchez said the company keeps it to 20.

The home has three master bedrooms, including one with a Jacuzzi, a boys and girls dorm room, eight bathrooms and a large sleeping loft that sleeps five single adults and looks out onto the mountain through cathedral windows.

Funk believes the property would interest buyers with large families or corporations. In the past, the home has hosted businesses like GE, Kodak and Stewart and Stevenson. He said it is one of the only single-family homes close to the mountain that can fit 16 or more people.

On Montview Lane, the house is accessed by the city bus service, is close to the Yampa River Core Trail and in the winter a short walk away from the ski area's shuttle service up to the mountain.

"It is a great central location," Funk said.


Use the comment form below to begin a discussion about this content.

Requires free registration

Posting comments requires a free account and verification.