Spacious, versatile, and full of character, this 5-bedroom, 4-bath home is ideally situated at the base of Red Hill in Gypsum. Offering 3,208 sq. ft. of living space on a quiet ¼-acre lot with No HOA, the property provides an exceptional combination of indoor comfort, outdoor living, and flexibility. The private, fully fenced backyard is designed for entertaining and relaxation, featuring an impressive 17'x27' enclosed rear deck that opens to a 20'x21' sun-filled patio surrounded by built-in planter boxes for flowers, vegetables, and gardening. Whether gathering with friends, enjoying morning coffee, or unwinding beneath the stars, this inviting outdoor retreat can be enjoyed throughout the seasons. Above the 2-car garage, a fully equipped and licensed commercial kitchen offers unique possibilities for catering, food preparation, or potential conversion back into a private 1-bedroom apartment with its own entrance and dedicated patio access. Inside, enter through the charming sunroom featuring a working antique wood stove or through the Dutch door into the remodeled main-level kitchen. The comfortable living room is anchored by an airtight wood-burning fireplace, while three bedrooms and two full baths complete the main level. Downstairs, you'll find a spacious family room with a gas fireplace, an additional bedroom and ¾ bath, bonus room, laundry room, and abundant storage. Parking is plentiful, with space for four vehicles in front, a 2-car garage, and additional gated backyard parking with room for an RV. With generous living spaces, distinctive features, flexible-use areas, and a peaceful neighborhood setting, this unique Gypsum property offers plenty of possibilities to make it your own. Seller/Owner is a licensed Colorado real estate broker.