Active

1255 County Road 207

Durango CO, 81301

$4,750,000


$585.62 per sqft

Active

9 Baths

8,111 sqft

Commercial

Built in 2019

Listed by Erin Eicher with RE/MAX Pinnacle 970-903-3323

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...

817484

MLS ID

August 28, 2024

Listed

November 22, 2024

Updated

Map

1255 County Road 207
Durango CO, 81301

Interior Features

Total Stories

2


Total Bathrooms

9


Full Bathrooms

8


Half Bathrooms

1


Floor Description

Carpet, Tile, Wood


Fireplace

Yes


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Forced Air, Fireplace(s), Propane, Wood, Wood Stove

Exterior/Building Features

Lot Size

4.2 Acres


Exterior Features

Propane Tank - Leased


Lot Features

Adjacent To Public Land, Adjacent To Open Space, Easement


Roof

Architectural, Shingle


Sewer

Septic Tank

Other Property Details

Area Name

Durango Rural


Taxes

$4,403


Tax Frequency

Annually


Days on Market

3


Garage

No


View

No


County

La Plata


Water Source

Well


Pool

No


Waterfront

Yes

Listed by Erin Eicher with RE/MAX Pinnacle 970-903-3323


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Data last updated on: 11/22/2024

 

 

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