1255 County Road 207
$4,750,000
—
8
1
8,111
8,111
$586
Description
This 4.2-acre mountain contemporary estate in Durango, Colorado, offers an exceptional opportunity for investors focused on maximizing rental income, including short term rental potential. With two remodeled duplexes generating $79,560 annually and a luxurious 5,299 sq. ft. main home designed for high-end rentals, this property delivers immediate and significant income potential. The main home, built in 2019, is fully furnished and features self-contained floors ideal for multi-family stays, premium...This 4.2-acre mountain contemporary estate in Durango, Colorado, offers an exceptional opportunity for investors focused on maximizing rental income, including short term rental potential. With two remodeled duplexes generating $79,560 annually and a luxurious 5,299 sq. ft. main home designed for high-end rentals, this property delivers immediate and significant income potential. The main home, built in 2019, is fully furnished and features self-contained floors ideal for multi-family stays, premium vacation rental listings, or large group rentals. With mountain views, a creekside custom patio with a fire pit, and ample outdoor event space and parking, this property is positioned to attract vacationers. Located just 10 minutes from downtown Durango and adjacent to national forest and BLM land, the property is a destination for outdoor enthusiasts. In addition to the strong rental income, the property includes a pond, she-shed, and a large detached garage with a workshop. With its established income stream, versatile facilities, and prime location, this property is a rare turnkey investment in Durango’s thriving tourism market. Whether you are considering a 2nd home with income potential, or an investment purchase with strong cash on cash return, you will want to seize this opportunity to own. Short term rental projections for the main home are estimated at $150K- $200K/year, with potential to double rental income for the duplexes if an owner wanted to rent the duplexes units nightly as well. Live…Play…Invest…
- Listed by Erin Eicher • RE/MAX Pinnacle
Property Details for 1255 County Road 207
Water Front
Yes
WaterfrontCreek, Pond
Subdv NameNone
LISTING UPDATED: 08/31/2024 01:38 AM
Property Details for 1255 County Road 207
Status | Active |
---|---|
MLS # | 817484 |
Days on Market | 116 |
Taxes | $4,403 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Commercial / Multi-Use w/Res |
Year Built | 2019 |
Lot Size | 4.20 AC / 182,952 SF |
County | La Plata County |
Building Information for 1255 County Road 207
Stories-Residences5Year Built2019Lot Size4.20 AC / 182,952 SF
Property Information for 1255 County Road 207
Property History for 1255 County Road 207
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1255 County Road 207
Taxable ValueLand$11,500Additions$93,380Total$104,880
Tax Record2023$4,403 ($367 / month)
Home Facts
Total Finished SqFt1,406 SqFtAbove Grade Finished SqFt1,406 SqFtStories2Lot Size182,952 SqFtStyleDuplexYear Built1976CountyLA PLATAAPN5661-151-00-074Fireplace TypeHas Fireplace
Schools near 1255 County Road 207
This home is within Durango 9-R School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 5 to 12 |
Rating | School | Distance |
---|---|---|
Park Elementary School PublicPK to 5 | ||
Escalante Middle School Public6 to 8 | ||
Durango High School Public9 to 12 | ||
Robert Denier Youth Services Center Public5 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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