Short term rentals in Summit County are a hot topic in today's real estate market. Debbie Nelson give an update on the current STR regulations in place around the county.
Blue River
- View a map of the Blue River town limits
- View the complete regulations regarding STR’s in Blue River
- Currently, the Board of Trustees has not set a “cap” or limit on the number of short-term rentals in the Town of Blue River. Currently, there are 204 STR’s in Blue River which equates to 25% of the total housing stock in the Town. When this number reaches 28%, that will trigger a conversation on if a cap should be implemented.
- A license holder can rent their home as many nights as they’d like. A license holder must rent their home a minimum of 10 days each year to be eligible to maintain a short-term rental license.
Breckenridge
- View a map of the Breckenridge Short-term rental areas
- View all regulations regarding STR’s in Breckenridge
- Breckenridge has 4 Zones for Short-term Rentals:
- The Resort Zone is shown in Yellow on the map above. 100% of all properties in this zone. That would be a total of 1,816 rentals. There are currently 1,688 STR licenses in this area.
- Zone 1 (the green area on the map above) allows for 92% STR. There are 1,817 properties in that zone and 92% would allow for 1,680 rentals. Currently, there are 1,283 STR licenses.
- Zone 2 (the pink area on the map) is the downtown area. This allows for 51% of the total units to be rented. There are 257 properties in this area and there are currently 142 licenses. Only 130 are allowed, so 12 properties need to change hands before an owner can get a STR in this area.
- Zone 3 (the blue area on the map) is considered the “Neighborhood” zone. There are 3,823 total properties in this zone. Only 10% of these properties can be short-term rented – that translates to 390 STR licenses. There are currently 1,223 STR licenses in this area. So, it is going to be quite awhile before an owner can get a STR in this area.
Dillon
- View a map of the Dillon town limits here. The limits are depicted by the dotted red line.
- View all regulations for STR’s in Dillon
- The Town of Dillon does NOT have a cap on the number of STR licenses they will issue.
Frisco
- View a map of the Frisco town limits
- View all regulations regarding STR’s in Frisco
- Frisco passed an ordinance in October 2022 to allow 25% of the residential housing stock to be short-term rented. There are 3,600 residential housing units in Frisco. A maximum of 900 STR licenses may be issued.
- As of February 6, 2023, Frisco has issued a total of 883 STR licenses. Once the total number of active STR licenses has reached 900, the Town website will be updated with a link to the STR license waitlist registration form.
Silverthorne
- View a map of the Silverthorne Short-term rental areas
- View all regulations regarding STR’s in Silverthorne
- Silverthorne has implemented STR caps as shown in the map above.
- STR’s are capped at 10% of the number of units in the majority of Town neighborhoods which is identified as Area 1 in the map. At the current number of properties, 214 STR licenses can be issued. As of January 11, 2023, there are 155 STR licenses in this area.
- Area 2, which is the Town Core and Riverfront areas, the number of STR’s are limited to 50% of the units. Based on the current number of properties in this area, 526 total STR’s can be issued. As of January 11, 2023, there are 148 STR licenses within this area.
- STR’s are not allowed in Area 3 which are deed-restricted neighborhoods.
Unincorporated Summit County
- First of all, these regulations ONLY apply to properties within Summit County Colorado BUT are NOT within the limits of the towns listed above. For example, if your property is located within the town limits of Frisco, then you must abide by Frisco’s Town Regulations, not Summit County’s.
- If you are unsure whether your property is located within a town or in unincorporated Summit County, please reach out to us at Nelson Walley Real Estate and we will help you find that answer.
- Read more about what is happening in unincorporated Summit County as it relates to STR’s
- The County is currently in a STR license moratorium. That means that since May 25, 2022, no new STR licenses have been issued.
The Second Reading of the STR Ordinance and Review of the Code Amendment will take place at a special meeting on February 15, 2023.
Materials for the first reading that took place on January 24, 2023 can be found here - The County is proposing a cap on the STR licenses in the Neighborhood Overlay Zone (NOZ) by basin.
- Keystone & Copper Mountain are located in unincorporated Summit County and are exempt from these caps. This means that 100% of the properties located in these resorts can be STR (unless, of course, it has a deed restriction)
- Other caps are proposed as follows:
- Lower Blue: Proposed Cap is 15%. We are past this cap, and the County is estimating that it will be 2025 before an owner will be able to get a STR license.
- Snake River: Proposed Cap is 5%. We are past this cap and the County anticipates that it will be 2030 before an owner will be able to get a STR license.
- Ten Mile: Proposed Cap will be 6%. We are past this cap and the County anticipates that it will be 2030 before an owner will be able to get a STR license.
- Upper Blue: Proposed Cap will be 18%. We are past this cap and the County anticipates that it will be 2025 before an owner will be able to get a STR license.
- The chart below provides additional information about these proposed caps.
- The Board of County Commissioners (BOCC) plans to have exceptions to these caps which will allow members of the local workforce and unit owners who rent to a member of the local workforce to still obtain an STR license despite the proposed caps.
- The ordinance is currently drafted to maintain a 135-night limitation.
