A rare opportunity in the heart of Ouray, offering spectacular mountain views, historic character, and the added benefit of being an established vacation rental. Built in 1898 and set against the dramatic backdrop of the San Juan Mountains, this charming home is just steps from hiking trails, historic Main Street, the Ouray Hot Springs, Ice Park, and Box Canyon Falls. Whether you're seeking a full-time residence, mountain retreat, or income-producing investment, it offers an exceptional combination of location, character, and versatility. The open living and dining areas, panoramic bay-window sitting room and primary bedroom all face east, capturing views of the Amphitheater and its spectacular Alpenglow, along with unforgettable sunrises and moonrises. Outside, the fenced backyard is perfect for relaxing or entertaining, featuring a spacious patio and two attached storage sheds for outdoor gear and seasonal storage. Solidly built with a traditional metal roof, this move-in-ready home offers easy access to year-round recreation, including world-class skiing in Telluride just an hour away, while Montrose Regional Airport is only 45 minutes away. Enjoy it as it is, personalize it to your own style, or continue its success as a vacation rental.