#breckenridge #colorado #breckenridgerealestate
In the past six months or so almost every town in Summit County and Summit County itself has passed some sort of cap on short term rentals.
I believe this is a shortsighted trend.
The latest to enter the short term rental cap game is Silverthorne.
The town has discussed some potential overlay zones that would have different limits for short-term rentals. Preliminary discussions have focused on splitting the town into three areas. Area 1 consists of most of the town and its neighborhoods, and there would be a limit of 10% of units being short-term rentals.
Area 2 contains most of the downtown area as well as parts of the Blue River area, and there would be 50% availability to short-term rent. Area 3 contains the town’s deed-restricted housing, such as Smith Ranch. Because of deed restrictions, no short-term rentals are allowed. Under this concept, another 400 units would be allowed to have short-term rental licenses in Silverthorne.
Council members agreed that further discussion was needed before any formal direction is given to town staff.
“The interest is pretty clear in which way to go,” Town Council member Erin Young said. “And so we’re going to have people ask, ‘All right, well, your community said this. What are you going to do right to address what you’ve heard?’”
