Breckenridge Short-Term Rental Guide: Understanding the STR Zones & Regulations
Breckenridge, Colorado
Breckenridge, Colorado, renowned for its world-class skiing and vibrant mountain culture, has implemented a structured approach to short-term rental (STR) licensing to balance tourism with community well-being. The town is divided into distinct zones, each with specific regulations governing STR licenses. Understanding these zones is crucial for current property owners and prospective buyers interested in the short-term rental market.
Resort Zone
In the Resort Zone, 100% of properties are eligible to obtain an STR license. This zone is designed to accommodate high tourist activity, offering ample opportunities for property owners to engage in short-term rentals. As of now, licenses are readily available in this zone.
Zone 1: Tourism Zone
Zone 1 permits 92% of properties to secure an STR license. This area is tailored to support tourism while maintaining a slight limitation to preserve community character. As of August 2024, there were 460 licenses available, and currently, there is no waitlist for this zone.
Zone 2: Downtown Core
In Zone 2, encompassing Breckenridge's downtown core, 51% of properties are allowed to obtain an STR license. Due to its central location and desirability, this zone has reached its license cap, resulting in an active waitlist for interested property owners.
Zone 3: Single-Family Residential Areas
Zone 3 covers single-family residential areas and imposes the most stringent limitation, with only 10% of properties eligible for an STR license. This restriction aims to preserve the residential nature and tranquility of these neighborhoods. Currently, there is a waitlist for licenses in this zone.
Important Considerations
License Transferability: STR licenses in Breckenridge are non-transferable. Licenses are relinquished upon property sale or if the owner chooses not to renew. As properties change hands or owners opt out of renewing licenses, the total number of available licenses in Zones 2 and 3 is expected to decrease, with the goal of eventually meeting the targeted cap numbers.
Waitlist Management: Each zone manages its license caps and availability independently, maintaining separate waitlists. Prospective STR operators should consult the specific waitlist information for their zone of interest.
Resources for Prospective STR Owners
For those considering purchasing a property for short-term rental purposes or current owners aiming to navigate the STR landscape, the following resources are invaluable:
Navigating Breckenridge's STR regulations requires careful consideration of the specific zone in which a property is located. By leveraging the resources provided and understanding the distinct characteristics and limitations of each zone, property owners and buyers can make informed decisions that align with both their investment goals and the town's regulatory framework. The BuyBreck Team specializes in helping clients navigate Breckenridge’s complex short-term rental market, whether you're purchasing an investment property or understanding the latest STR regulations. If you need expert guidance on finding the right property or securing an STR license, reach out to us today—we’re here to help you make informed decisions and maximize your investment.
Disclaimer: This information is provided for informational purposes only and should not be the sole basis for investment decisions. Prospective buyers and current owners are advised to consult directly with the Town of Breckenridge to verify STR licensing information for any specific property.
