About This Home

This 2-bedroom, 3-bathroom single family at 128 Colorado Avenue in Paonia, CO is listed for $595,000 ($435 per sqft). the home offers 1,367 sqft of living space on a 0.93 acres lot.

Key Features

  • 0.93 acre lot
  • Waterfront

Property Details

1 full, 1 half

Amenities

Waterfront
Listing Description

Ann Marie Gambino, Paonia Realty LLC, C:,,: Tucked away in the "Heart of Paonia," this lovely "Paonia Original" is a birders paradise and offers privacy, convenience, and undeniable charm. The property includes two fully furnished residences, complete with furniture, artwork, housewares, and silverware, making it truly move-in or rental ready.Laura

's Tower, built in 2018, is a 993-square-foot retreat perched above Rio Grande Avenue, offering bird's-eye views of the surrounding area. This two-story residence features a covered north-facing deck overlooking the mesas and a sunny south-facing balcony above Stewart Ditch.

Upstairs, you'll find a spacious bedroom, office, sitting area, and beautifully tiled full bath. The lower level includes a bright and efficient kitchen, dining area, cozy sitting space, half bath, and stackable washer/dryer combo.Kale's Cottage, a 374-square-foot Solargon built in 2010, boasts an elegant design and is nestled in its own private oasis setting.

Inside, the modern yet cozy interior features a lovely tongue-and-groove vaulted wood ceiling, full kitchen, beautiful Lopi 1250 wood stove, king sized bed, loveseat, work table, and walk-in tiled shower. Step outside to enjoy the covered decks, expansive green lawn, roomy dog kennel, and yard game area.Additional amenities include a separate laund

ry building with one washer, two dryers, folding table, and extra storage, plus a charming one-room studio with vaulted ceilings and its own dog run. A storage shed provides even more space for tools and miscellaneous items.When you're ready to socialize, you'll have plenty of choices with the vibrant community that Paonia has to offer.

There is so much entertainment, with all the arts and musical events, not to mention Paonia's lush Town Park where Paonians meet for Farmers Markets, Festivals, and much more, and just minutes from the Jumbo Mountain trails! Paonia is home to the West Elk AVA, known for some of the finest, award winning Colorado grown high alpine wines!

For the outdoor folks, the West Elk Mountains and the Grand Mesa are calling... The current owner has successfully operated the property as a short-term rental for the past 11 years and has earned Airbnb Superhost status. The property ranks in the top 1% of homes on Airbnb based on ratings, reviews, and reliability. This property is an active Airbnb rental and may take longer than 24 hours to schedule a showing.Come experience this unique Paonia property and let your imagination run free!

Monthly Cost Estimate

$3,182/mo

20% down · 6.5% · 30 years

Principal$430
Interest$2,578
Insurance$174

Estimates only. Actual payments may vary.

Location

128 Colorado Avenue

Paonia, CO 81428

Questions & Answers

This 2-bedroom, 3-bathroom single family at 128 Colorado Avenue is listed at $595,000 ($435/sqft). The estimated monthly payment is $3,183 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: 0.93 acre lot, Waterfront.

This property is listed by Ann Marie Gambino.

AG

Ann Marie Gambino

Agent at Paonia Realty

Listed by Paonia Realty · Broker phone: (970) 261-5928 · View on Broker Site · Broker website

MLS# 834664· Source: Colorado Real Estate Network Inc.· 3 days on PropertySimple

Copyright © 2026 Colorado Real Estate Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

128 Colorado Avenue, Paonia, CO 81428

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