1255 County Road 207

Durango, CO 81301

$4,750,000
Price
Beds
8
Baths
1
1/2 Bath
8,111 Sq. Ft.
$586 / Sq. Ft.
8,111
Sq. Ft.
$586
per Sq. Ft.

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…
  1. Listed by Erin Eicher • RE/MAX Pinnacle

Property Details for 1255 County Road 207

Water Front
Yes
Waterfront
Creek, Pond
Subdv Name
None
LISTING UPDATED: 08/31/2024 01:38 AM

Property Details for 1255 County Road 207

StatusActive
MLS #817484
Days on Market116
Taxes$4,403 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial / Multi-Use w/Res
Year Built2019
Lot Size4.20 AC / 182,952 SF
CountyLa 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

Summary
Location and General Information
  • Directions: Follow Hwy 160 West from Durango for 3.5 miles to CR 207. Turn right on CR 207. Follow CR 207 for 1.2 miles, staying left at the fork in the road with CR 208. 1255 CR 207 will be on the left side. Sign at entrance.
Owner
  • Owner Name: Owner of Record
Parking
  • Carport Y/N: No
Taxes and HOA Information
  • Tax Account ID: R012320
  • Tax Year: 2023
  • Total Taxes $: 4403.40
Property
Property and Assessments
  • FIPS Code: 08067
  • Legal/Lot Block: SECTION: 15 TOWNSHIP: 35 RANGE: 10 TR IN S/2 NE/4 1255 CR 207 DURANGO 81301
  • Photo Count: 35
  • New Construction Y/N: No
  • Disclosures: Ditch Easements, Seller's Prop Disclosure
  • Covenants Y/N: NO
  • Board Name: Durango Area Assn of Realtors
Lot Information
  • Special Assemnt Y/N: No
  • Water Rights/Irrigation: Yes
  • Current Property Use: Other
  • Possible Property Use: Other
  • Lot Dimension: 874' x 222' x 786' x 293'
  • Well Permit #: 79685-F
  • Parcel ID #: 5.66115100074E11
  • Property Description: Borders Public Land, Adjacent to Open Space
Utilities
  • Internet Service Y/N: Yes
  • Internet Provider: Hughes Net
  • DOMESTIC WATER: Domestic Well
  • Total # Electric Meters: 1
  • Existing Utilities: Water, Electric, Septic, Internet, Propane-Tank Leased
  • Water Well: Yes
Multi Family
Multi-Family Information
  • # of Units: 5
Interior and Exterior Features
Room Information
  • 1/2 Baths: 1
  • 3/4 Baths: 0
  • 1/4 Baths: 0
  • Total Baths: 9.00
Interior Features
  • Furnished: Partially Furnished
  • Florring: Tile, Wood, Carpet
  • Foundation: Basement-Walk-Out, Basement-Finished, Concrete
  • Heating Fuel/Source: Propane, Wood
  • Cooling: Central A/C
  • Heating System: Fireplace, Forced Air, Wood Stove
Exterior Features
  • Roof: Architectural Shingles
Rental
Rental Information
  • CAM Y/N: No

Property History for 1255 County Road 207

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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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1255 County Road 207 is a mixed use property for sale in Durango, CO 81301. This property was listed for sale on August 28, 2024 by RE/MAX Pinnacle, it's currently listed at $4,750,000. It has been on the market for a total of 116 days and was last sold on November 19, 2014. This listing's school district is Durango 9-R School District. Nearby schools include Park Elementary School, Escalante Middle School and Durango High School. 1255 County Road 207 is a 0-bed, 8.5-bath, 8,111 sqft mixed use property built in 2019.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of RE/MAX Pinnacle, Erin Eicher

Based on information from one of the following Multiple Listing Services: CRENMLS, Telluride Association of REALTORS, Grand Junction Area REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRENMLS, Telluride Association of REALTORS, Grand Junction Area REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.