Short-Term Rentals & Airbnb in Cherry Creek, CO: Laws & Profitability

Cherry Creek, CO, is a highly desirable area for travelers, business professionals, and luxury vacationers, making it an attractive market for short-term rentals and Airbnb properties. However, before listing your home, it’s essential to understand local regulations, profitability, and investment potential. Here’s what you need to know about short-term rentals in Cherry Creek.

1. Short-Term Rental Laws & Regulations

✔ Primary Residence Requirement: Denver regulations require that short-term rental properties must be the owner’s primary residence.
✔ License & Permits: Hosts must obtain a Short-Term Rental (STR) license through the City of Denver.
✔ Tax & Fees: Operators must collect and remit lodging taxes (10.75%) on all short-term stays.

⚖ Legal Tip: Non-compliance can result in fines or suspension of your rental license, so ensure you meet all legal requirements.

2. Profitability of Short-Term Rentals in Cherry Creek

✔ High Demand: Cherry Creek attracts tourists, executives, and shoppers, making short-term rentals lucrative.
✔ Nightly Rates: Premium listings can generate $200-$500 per night, depending on seasonality and property type.
✔ Occupancy Rates: Well-marketed properties can maintain 70-85% occupancy year-round.

💰 Investment Insight: Luxury properties in Cherry Creek can command higher rental rates and attract upscale clientele.

3. Challenges & Considerations for STR Hosts

✔ HOA Restrictions: Many condos and townhomes have HOA rules prohibiting short-term rentals.
✔ Seasonality Impacts: Peak demand occurs during summer months and major Denver events.
✔ Guest Screening & Management: Hosts must be prepared to screen guests, maintain the property, and handle bookings.

🏠 Hosting Tip: Professional property management services can help streamline operations and maximize profitability.

4. Alternative Rental Strategies

If short-term rentals aren’t an option, consider these alternative investment strategies: ✔ Mid-Term Rentals:Renting to business travelers or relocating professionals for 30+ days.
✔ Long-Term Leasing: High-end homes in Cherry Creek attract executive renters and corporate leases.
✔ Furnished Housing for Medical & Business Travelers: A growing niche for extended-stay visitors.

🔑 Why It Works: These strategies offer consistent income while avoiding short-term rental restrictions.

Conclusion: Is Airbnb a Smart Investment in Cherry Creek?

✔ Short-Term Rentals Can Be Lucrative, But Regulations Apply
✔ Luxury Listings Command Higher Rates & Strong Occupancy
✔ HOA & Licensing Restrictions May Limit STR Availability
✔ Alternative Rental Strategies Can Provide Consistent Income

🏡 Thinking about investing in Cherry Creek? Let Corken + Company help you find the best real estate opportunities for rentals and investment properties!

📞 Call us today at 303-858-8003
🌐 Visit our website at www.corken.co
🏡 Real Estate Solutions Without Limits