If you've ever wondered what nearly $4 million buys you in Winter Park, Colorado, this home is a pretty incredible example.
I recently shared a video tour of 113 Après Way, a new construction home in Riverwalk at Winter Park listed at $3,950,000. But beyond the beautiful finishes and mountain-home design, this property also tells a bigger story about what is happening in the Winter Park luxury real estate market.
Inside a $3.95 Million Winter Park Home
Located at 113 Après Way, this newly built home sits in Riverwalk at Winter Park, a boutique riverfront neighborhood within walking distance of downtown Winter Park.
The home offers approximately 3,600 finished square feet with five bedrooms, five full bathrooms and two half bathrooms. It is also being offered fully furnished.
Some of my favorite features include:
- A chef's kitchen with Wolf and Sub-Zero appliances
- Oversized quartzite kitchen island
- Custom white oak cabinetry
- In-floor radiant heat
- Central air conditioning
- Heated outdoor decks
- Heated two-car garage
- Multiple ensuite bedrooms
- Large bunk room
- Entertainment level
- Private hot tub
- River-facing primary suite
- Steam shower and soaking tub
- Multiple fireplaces
It's the type of floor plan that makes sense for a true mountain home: enough separation for multiple families or generations to stay comfortably, but plenty of common space for everyone to gather.
The Location Might Be the Best Part
Luxury real estate in Winter Park isn't only about the house.
Location matters tremendously here.
Riverwalk sits along the Fraser River, yet downtown Winter Park is just a short walk away. Owners can access restaurants, shops, trails and events without necessarily getting in the car, while Winter Park Resort is only minutes away.
The Riverwalk community itself was designed as a limited collection of custom mountain homes along the river, with private river access, trails and community gathering spaces. The community's website describes Riverwalk as a master-planned, timber-framed neighborhood with development intentionally limited to a small number of homesites.
That combination—riverfront + walkability + proximity to skiing—is particularly difficult to replicate in Winter Park.
And Then There's the Short-Term Rental Component
This is an important distinction for anyone shopping for a second home or investment property in Winter Park.
Homesites within Riverwalk have a perpetual short-term rental license, according to the current property listing and community information.
That creates considerably more flexibility for a buyer who may want to use a property personally throughout the year while also generating rental income when they aren't in town.
Of course, I always recommend looking at the numbers on an individual property rather than assuming a luxury home automatically makes a great rental.
Purchase price, financing, HOA expenses, property taxes, management fees, occupancy, nightly rates and owner usage can dramatically change the equation.
This is where analyzing actual comparable rental properties becomes much more valuable than simply looking at projected gross revenue.
Why Winter Park's Luxury Market Is Interesting Right Now
For years, people primarily thought of Winter Park as a ski destination.
That's changing.
Winter Park is increasingly becoming a true four-season mountain town, with skiing and snowboarding in the winter followed by mountain biking, hiking, fishing, golf, concerts and events throughout the summer.
At the same time, buyers are beginning to pay much more attention to the long-term development happening throughout Winter Park.
That matters when you're considering a property you may own for the next 10, 15 or 20 years.
And it's one of the reasons I tell buyers not to evaluate a Winter Park property based solely on what exists today.
You need to understand where the town is going.
Is $3.95 Million Typical for Winter Park?
No—and that's important context.
Winter Park has everything from smaller condos and older townhomes to ski-access properties, new construction and multimillion-dollar custom homes.
As of the end of August 2026, the new-construction inventory currently advertised in Winter Park ranges from smaller condos in the $500,000s to homes above $3 million, with 113 Après Way representing the upper end of that market.
That's why I don't love talking about a single "average Winter Park home price."
The market is far too segmented.
A two-bedroom condo downtown and a new construction riverfront home aren't really competing with each other—even though they're technically part of the same Winter Park housing market.
What Are You Actually Paying for at This Price Point?
At the luxury level, buyers aren't simply paying for additional square footage.
They're paying for things that are difficult—or impossible—to recreate later:
Location.
Can you walk downtown? How close are you to the resort?
Views.
Does the property overlook the mountains, river or ski area?
Outdoor access.
Can you walk out your door and fish, bike, hike or access trails?
New construction.
Luxury buyers increasingly value modern mechanical systems, energy efficiency, air conditioning and low-maintenance ownership.
Rental flexibility.
Can the property legally be rented short-term if your plans change?
Floor plan.
Can several families comfortably stay together?
And finally:
Scarcity.
You can remodel a kitchen.
You can't move a house onto the Fraser River.
Would I Buy a Luxury Home in Winter Park?
For the right buyer and the right property, absolutely.
But at this price point, I would be very specific about what I was paying the premium for.
I want to see some combination of exceptional location, views, walkability, ski access, river access, rental flexibility, architectural quality or scarcity.
The property should have something that makes it difficult to reproduce.
That's one reason Riverwalk is interesting to me. It combines new construction with riverfront living, walkability to downtown Winter Park and close proximity to the resort—three characteristics that aren't easy to find together.
Thinking About Buying in Winter Park?
Whether your budget is $600,000 or $4 million, the process I use is essentially the same.
I look beyond the listing photos and analyze the property itself, comparable sales, location, rental potential, HOA structure, future development and the other factors that could affect both your ownership experience and long-term value.
There are some incredible properties in Winter Park and throughout Grand County—but there can also be a huge difference between a beautiful mountain home and a smart purchase.
If you're considering buying a home, condo or investment property in Winter Park, Fraser, Granby or the surrounding Colorado mountain communities, I'd be happy to help you figure out which one makes the most sense for you.