Keystone's Incorporation: What It Means for Short-Term Rental Rules
As a trusted resource for homeowners and potential buyers in Summit County, Colorado, we're here to keep you informed about the latest developments that affect your property investments (current or future), especially when it comes to short-term rentals. A significant recent change has occurred in our beloved Keystone. On February 8, 2024, Keystone marked a historic milestone by electing its first mayor and officially incorporating as the newest town in Colorado. This transition from an unincorporated area to a town has prompted questions about the implications for short-term rental (STR) regulations within Keystone, especially given its previous designation as an unincorporated Summit County “resort zone” with no cap on STR licenses or reservation limits.
To provide you with the most accurate and up-to-date information, I reached out to the town's administration for clarification. Here's what you need to know, based on the response from Gary Martinez, the Town of Keystone's Interim Manager on 2/23/2024:
Keystone is Colorado’s newest town - It remains friendly to short-term rental owners
No Immediate Changes to STR Rules
The incorporation of Keystone as a town has not brought about any immediate changes to the STR licensing process or the Resort Zone designation. This means that, for now, the existing rules and regulations regarding STRs remain in effect. Homeowners can continue to operate under the same guidelines as before, without any new restrictions or caps on licenses and reservations.
Future Developments
While there are no changes at present, the town's administration is open to considering adjustments in the future. Any potential modifications to STR policies will be subject to public notice and input, ensuring that homeowners and other stakeholders have a voice in the process. It's important to stay informed and engaged, so you're ready to participate in these discussions should they arise.
STR License Processing
For the next few months, Summit County will continue to handle all STR license applications within the Town of Keystone boundaries. However, the town plans to take over the processing of STR licenses later this year. Rest assured, adequate notice will be provided ahead of this transition, giving you ample time to prepare for any changes in the application process.
Staying Informed
As Keystone navigates this new chapter, we at BuyBreck.com commit to keeping you informed about any developments that could impact your short-term rental properties. We understand the importance of these investments and the need for clear and consistent information and you can alway find up-to-date information about Keystone STR rules . Whether you're a current homeowner or considering a purchase in Keystone, we're here to support you every step of the way.
Stay tuned to BuyBreck.com for updates, and don't hesitate to reach out with your questions and concerns. Together, we'll ensure that Keystone's transition benefits our community and strengthens our vibrant short-term rental market.
Looking to buy or sell in Keystone? Want to discuss Summit County real estate? I’d love to chat so please don’t hesitate to get in-touch. Contact Brady Stout here
