$1,495,000
505 W Princeton Cir, Glenwood Springs, CO 81601
Oasis Creek 4BR Home on .65 Acre — Walk-Out Lower & Deck
4 Bed · 3.5 Bath · 3,828 Sq Ft
Private, spacious lot minutes from downtown Glenwood Springs
4
Beds
3.5
Baths
3,828
Sq Ft
1993
Built
0.65 acres
Lot
No attached garage (driveway/surface parking)
Garage
About 505 W Princeton Cir
This meticulously maintained Oasis Creek residence delivers expansive indoor living and generous outdoor space — a rare combination in Glenwood Springs. The main level is organized around multiple living and dining areas that flow to an updated kitchen and a sizable deck, creating an ideal setting for everyday family life and entertaining. On the lower level, discover a true walk-out space with a wet bar and guest suite that opens to the backyard, providing flexible options for guests, multi-generational living, or a home office.
With 4 bedrooms and 3.5 baths across 3,828 square feet, the home is thoughtfully layered: formal and casual spaces on the main floor, private bedrooms upstairs, and an expansive finished lower level that expands usable living area. The updated kitchen features contemporary finishes and direct access to the deck — perfect for barbecues and afternoon gatherings while taking in views over the landscaped yard.
Set on a generous 0.65-acre lot, the property offers mature landscaping, garden beds, and sunny outdoor rooms that are uncommon inside the city limits. The large backyard affords significant privacy and space for play, gardening, or an outdoor living expansion. There is no HOA.
Located in a quiet pocket of Oasis Creek with convenient access to I-70 and only a short drive into downtown Glenwood Springs, this home places you close to Glenwood Hot Springs, local dining, and river recreation while preserving a suburban sense of space. Schedule a showing to experience the flexible floor plan, walk-out lower level, and outdoor possibilities in person.
Home Highlights
Property Features
Interior Features
- 4 bedrooms, 3.5 bathrooms
- 3,828 finished square feet
- Multiple living and dining areas on main level
- Updated kitchen adjacent to large deck
- Walk-out lower level with wet bar and guest suite
- Fireplace(s) — cozy mountain finishes
Exterior & Lot
- 0.65-acre lot (28,314 SF)
- Mature landscaping and garden beds
- Large deck off the kitchen for outdoor dining
- Private backyard with room for expansion or outdoor amenities
- Driveway and surface parking (no attached garage listed)
Location & Neighborhood
- Oasis Creek subdivision / West Glenwood area
- Short drive to downtown Glenwood Springs and Glenwood Hot Springs
- Easy access to I-70 for regional travel
- Quiet residential street with family-oriented neighbors
Walkability & Recreation
- Walkability Rating: 55/100
- Close to river access, local trails, and parks
- Within driving distance to Hanging Lake and Glenwood Caverns
- Nearby skiing at Sunlight Mountain Resort and ski areas along I-70
Neighborhood & Location
Oasis Creek is a quiet, established subdivision west of central Glenwood Springs known for larger lots, mature landscaping, and a suburban-mountain feel. Residents enjoy quick drives into downtown for restaurants and services while benefiting from proximity to regional recreation — rivers, trails, and ski areas. The neighborhood draws families and professionals seeking space and convenience without the higher price tags typical of ski-resort enclaves.
Market Insights
Glenwood Springs continues to attract buyers looking for mountain lifestyle combined with regional accessibility (I-70 corridor). Inventory for larger single-family lots is tighter than for smaller homes and condos, placing premium value on properties like this one with a sizeable .65-acre yard and finished lower-level living. Median sale prices in town are well below this listing because this property sits in the upper-middle tier of the market: buyers are paying for land, finished square footage, privacy, and flexible living spaces. Expect a competitive showing environment for well-priced, well-presented homes; days on market for similar listings typically sit below 60 in balanced seasons. For a buyer seeking long-term ownership or a family-oriented rental, this property represents a compelling opportunity in a steady mountain-market.
Nearby Schools
West Glenwood Elementary School
Elementary · 1.5 mi
Glenwood Springs Middle School
Middle · 2.0 mi
Glenwood Springs High School
High · 2.5 mi
Walkability & Recreation
Excellent access to river recreation, hiking and mountain biking trailheads nearby; easy regional ski access within an hour.
Investment Highlights
- Large private lot (0.65 acres) — rare for close-in Glenwood Springs properties
- Finished walk-out lower level with wet bar and guest suite increases functional living area and rental income potential
- Updated kitchen and large deck for entertaining
- No HOA — operational flexibility
- Close to downtown amenities, Glenwood Hot Springs, and regional recreation
Key Findings
- 3,828 SF house built in 1993 with 4 beds / 3.5 baths
- Listed at $1,495,000 (Redfin MLS #8184006); AVM ~ $1.49M
- Large 0.65-acre lot (28,314 SF) provides privacy and garden/entertaining space
- Walk-out lower level with wet bar and guest suite — increases functional usable area
- No HOA; driveway/surface parking (MLS lists no garage)
- Market context: Glenwood Springs shows moderate appreciation and constrained inventory for larger lots
Things to Consider
- MLS indicates no garage — buyers may expect covered parking; confirm condition and parking capacity
- Utility connections (water/sewer) were not provided in scraped data — verify with seller and county records
- Zoning specifics and potential development/expansion setbacks require confirmation with Garfield County and City of Glenwood Springs
Opportunity Analysis
Acquire a roomy, move-in-ready single-family home on an oversized lot in a desirable Glenwood Springs neighborhood. Value stems from the combination of finished square footage, large private outdoor space, and proximity to town and regional recreation. Target owner-occupiers or longer-term rental operators (subject to local regs).
Potential Use Scenarios
- For owner-occupiers: secure at or slightly below list depending on condition; consider modest cosmetic updates to maximize resale in 3–5 years.
- For investors: verify short-term rental rules; if long-term rental, position as premium single-family rental targeting local professionals and families.
- Consider adding covered parking or garage if buyer requires (subject to zoning setbacks).
Risk Factors
- Unverified utility and sewer connections
- Possible need for garage/covered parking for some buyer segments
- Local market sensitivity to tourism and short-term rental regulation
Buyers should conduct independent due diligence before making any purchase decisions.
AI Valuation Estimate
Low
$1350K
Midpoint
$1500K
High
$1650K
$392/SF estimated price per square foot
Estimate anchored to list price ($1,495,000) and AVM, adjusted for size (3,828 SF), generous .65-acre lot, walk-out lower level, and Oasis Creek location. No live comps pulled — range reflects typical market spread for Glenwood Springs single-family homes of this scale.
As of 2026-03-12
This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.
Market & Area Data
Market Trends
Demographics
Area has seen steady demand from local buyers and second-home purchasers; Glenwood Springs functions as a regional hub for the Roaring Fork Valley and I-70 corridor.
Nearby Points of Interest
- Downtown Glenwood Springs (2-4 miles)
- Glenwood Hot Springs (2-4 miles)
Property sits in a quiet Oasis Creek subdivision west of downtown Glenwood Springs with easy access to I-70, local schools, grocery/dining in town, trailheads, and regional ski areas. Outdoor recreation includes fishing and rafting on the Colorado and Roaring Fork rivers, hiking, and mountain biking; Glenwood Caverns and Hanging Lake a short drive.
School District
Market data is based on aggregated public records and may not reflect real-time conditions.
Property Details
Building Details
Lot & Site
Utilities
Zoning & Land Use
Allowed Uses
Tax & Sale History
Tax Assessment
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