42570 Highway 550
$1,700,000
—
9
3
7,838
7,838
$217
Virtual Tour
Description
Discover the extraordinary charm of Almostaranch, a unique multi-use property nestled in the breathtaking North Valley of Durango, CO. This stunning estate borders 203 acres of State of Colorado Land and is seamlessly connected to the San Juan National Forest. It’s a stone’s throw from Haviland Lake and Electra Lake, making it a nature lover’s paradise. Just a short 10-minute drive away is the renowned Purgatory Resort, along with the Glacier Club’s exceptional golf and fitness center. Here, every...Discover the extraordinary charm of Almostaranch, a unique multi-use property nestled in the breathtaking North Valley of Durango, CO. This stunning estate borders 203 acres of State of Colorado Land and is seamlessly connected to the San Juan National Forest. It’s a stone’s throw from Haviland Lake and Electra Lake, making it a nature lover’s paradise. Just a short 10-minute drive away is the renowned Purgatory Resort, along with the Glacier Club’s exceptional golf and fitness center. Here, every adventure awaits—from hiking, biking, and paddleboarding to jeeping and hunting—right in your own backyard! Almostaranch is not only a stunning family residence but also a lucrative income-generating opportunity, currently yielding over $10,000 a month 113k net with the potential to double that revenue. The property includes 4 condo’s units: three are rented month-to-month, while one operates as a highly profitable VRBO that doubles the income of the monthly rentals, significantly enhancing rental income. Additionally, an old lodge with three apartments, These units serve a much need low rent option for those in The North Valley. These units produce over 4k a month. Most value is in the land, but you could keep them as is or put some limited money into them and gain more rent. The building is old and needs it’s share of work. Somone may just remove this structure and build a house and gain income that way off 1 unit. Moreover, the main house maintains its privacy from the rental units, making it a serene retreat. The potential here is limitless! Almostaranch has potential to transform into a wedding venue, family retreat, or corporate getaway. Please note that while the investment side of the property can be sold separately, the main residence will not be offered independently. Entire property with main home is listed mls 818630. Don't miss your chance to own this unique property that promises both adventure and income in the stunning outdoors of Durango!
- Listed by Andy Langefels • Legacy Properties West Sotheby's Int. Realty
Property Details for 42570 Highway 550
Water Front
No
ZoningOther, Residential
ViewsMountains, Valley
Subdv NameNone
LISTING UPDATED: 10/23/2024 08:10 PM
Property Details for 42570 Highway 550
Status | Active |
---|---|
MLS # | 818648 |
Days on Market | 38 |
Taxes | $2,709 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | MULTIFAMILY / Other |
Year Built | 1982 |
Lot Size | 4.04 AC / 175,982 SF |
County | La Plata County |
Virtual Tour
Building Information for 42570 Highway 550
Stories5Residences7Year Built1982Building Size-Lot Size4.04 AC / 175,982 SF
Property Information for 42570 Highway 550
Property History for 42570 Highway 550
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 42570 Highway 550
Taxable ValueLand$7,760Additions$18,690Total$26,450
Tax Record2023$1,111 ($93 / month)
Home Facts
Total Finished SqFt3,830 SqFtAbove Grade Finished SqFt3,830 SqFtStories2Lot Size130,680 SqFtStyleDuplexYear Built1978CountyLA PLATAAPN5325-264-00-030Fireplace TypeTwo Story
Schools near 42570 Highway 550
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 - | K to 12 |
Rating | School | Distance |
---|---|---|
Animas Valley Elementary School PublicPK to 5 | ||
Miller Middle School Public6 to 8 | ||
Durango High School Public9 to 12 | ||
District 9-R Shared School PublicK 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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