Elk Run Villas – Keystone – Real Estate

Below are homes for sale currently listed in the Summit County MLS in the Elk Run Villas subdivision in Keystone. Located about 74 miles west of Denver with a base elevation of 9,280 feet, Keystone is home to the Keystone Resort, and it's only a few miles from Arapahoe Basin as well. In addition to skiing and snowboarding, Keystone features so many activities, including a five-acre ice skating pond and two golf courses. As part of Keystone, the Elk Run Villas subdivision is just steps away from all of the outdoor, retail and dining experiences that the area has to offer.

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Elk Run Villas Real Estate
Frequently Asked Questions

Can new property owners in Elk Run Villas conduct short-term rentals?

To determine whether owners in Elk Run Villas are permitted to short-term rent their properties, there is generally a two-part analysis:

  1. Do the Elk Run Villas homeowners' association and governing documents allow owners to short-term rent?  Yes.  There is no provision in the bylaws, covenants or other governing documents for Elk Run Villas that would prevent owners from short-term renting their units. 
  2. Does the local governmental authority currently allow a property owner to obtain a new Elk Run Villas short-term rental license?  Yes.  Elk Run Villas is located in unincorporated Summit County and is therefore subject to the jurisdiction of the Summit County Board of County Commissioners (“BoCC”).  Summit County defines a short-term rental as any residential dwelling unit or room therein that is rented for periods of less than 30 consecutive days.  On September 14, 2021, BoCC passed a temporary 90-day moratorium on the issuance of new short-term rental licenses.  However, because Keystone is predominantly a resort community serving visitors to Summit County, BoCC created an exemption to the short-term rental moratorium for all properties located in the Keystone area.  Accordingly, the Elk Run Villas real estate community and other Keystone property subdivisions all remain unaffected by the short-term rental moratorium in Summit County.  New property owners in Elk Run Villas may continue to apply for and receive short-term rental licenses.

In sum, the Elk Run Villas homeowners association does not preclude owners from short-term renting their properties.  Furthermore, the short-term rental moratorium does not apply to Elk Run Villas property owners; so, Summit County will continue to grant new short-term rental licenses to homes located in Elk Run Villas.

What expenses are covered as part of Elk Run Villas homeowners' association dues?

Elk Run Villas homeowners' association dues include the following expenses:

  • Basic cable tv
  • Common area maintenance
  • Common area management
  • Common insurance
  • Common taxes
  • Gas
  • Heat
  • Snow removal
  • Trash pickup
  • Wi-fi internet access
  • Water/sewer fees

In sum, property owners in Elk Run Villas are generally only responsible for the recurring monthly expense of electricity.

Is transfer tax owed when a Elk Run Villas property is bought or sold?

A real estate transfer tax is a payment to a governmental entity, which is sometimes made when a real estate transaction occurs.  Real estate transfer tax is generally calculated as a small percentage of the total purchase price agreed on by the parties to a real estate transaction.  Typically, we find in Summit County that the percentage is either 0%, 1%, 1,5% or 2% of the gross purchase price in section 4 of the the standard real estate contract.  In Summit County, transfer tax funds help to pay for a variety of different community improvements. Whether the buyer or seller pays transfer tax is negotiable as part of each real estate transaction.

In Elk Run Villas, there is 0% transfer tax.  That means neither seller nor buyer will have to potentially pay transfer tax as part of a property sale in Elk Run Villas!

Are pets allowed in Elk Run Villas?

The governing documents for the Elk Run Villas homeowners' association do not permit pets within the complex  As a result, the Elk Run Villas homeowners' association does not allow owners, long-term renters or short-term renters to have pets anywhere within properties located in the Elk Run Villas subdivision.

Elk Run Villas - Homes for Sale

(current listings displayed below by newest first)

If zero current listings were found above, it just means there are no homes in Elk Run Villas listed for sale right now in the Summit County MLS.  If you'd like to sign up for free listing alerts on the right, you'll be instantly notified as soon as future listings in Elk Run Villas become available.

Elk Run Villas
Recently Sold or Under Contract

(past listings displayed below by most recent first)