$1,487,000

25061 Road 38.1

Dolores CO, 81323

Description

How would you like to live in the cool summer mountains, right on the river, in a brand new luxury home, and have over $180K of VRBO income per year? (See Income Projections in MLS Documents) The Forks Retreat is a RARE residential income-generating opportunity. This 1.06-acre property is located between Dolores and Rico, just a 1-hour drive to Telluride, and has full COMMERCIAL zoning. The Commercial zoning protects the VRBO income from being be taken away in the future, as is currently happening all across the country. This property is permitted for a wide variety commercial uses - lodging, a retreat center, a rehab center, a corporate offices, a residential school, a health center, personal services, a mountain biking club, a Telluride ski lodge, etc. Please look in MLS Documents for a full list of permitted commercial uses allowed per Montezuma Land Use Code. Three brand new buildings have been constructed with sturdy detailing for investment longevity. Green building features include super-insulated buildings for low heating costs, while zero-maintenance high-end exterior materials preserve your outdoor time for recreation. There are two electric vehicle charging stations located inside the heated garage, plus 8000sf of reclaimed blue-pine beetle-kill T&G ceilings. A 1-year Builders Warranty is included. See MLS Docs for a full list of Green Bldg features. There is a 2600sf luxury Single Family Home (2 bedrooms, 2 bathrooms, plus a HUGE 950 sf bonus loft and full-bath upstairs) with attached 900sf 2-car garage; plus a 1500sf Guest Lodge with five (5) one-bedroom units, each with a private bathroom, living room and kitchenette; plus a 1200sf Multi-Purpose Building with a kitchen, bathroom, laundry and two large flex-use rooms. High-end finishes throughout including black granite countertops and radiant-heat stained concrete floors, large outdoor covered decks with rough-sawn post and beams, etc. All window coverings included, and the well water has tested crystal clean! The land is lush-green and flat while being surrounded by tree-covered mountains, with 5 RV hookups and plenty of parking, and the buildings are positioned to form a large central lawn for group gatherings and outdoor activities. BEST OF ALL - the property is located right next to where the Dolores and the West Dolores Rivers join! Fishing rights to the Dolores River are deeded through the subdivisions CCRs, while fishing rights and access to the West Dolores River are in perpetuity across the adjacent US Forest Service land.

Details

MLS#763508
StyleHouse
Sub-TypeResale
StatusActive
Year2019
Days On Site23

Features

Bed(s)7
Bath(s) 1 Full, 8 Three Quarter
SQ Feet5,408
Garage2
Story(s)Two Story
Acreage1.06
Water FrontYes

Additional Information

Taxes1256.08
ParkingAttached
HeatingHot Water Baseboard,Floor Radiant
Interior FeaturesWindow Coverings,Cathedral Ceiling,Ceiling Fan(s),W/D Hookup
Available AmenitiesElectric,Propane-Tank Owned,Internet,Internet - DSL

Market Activity 81323

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Area Information

StateCO
CountyMontezuma
CityDolores
Zip Code81323
AreaMontezuma County Rural NE
Community NameThe Forks
Middle SchoolDolores 6-8
High SchoolDolores 9-12
Listing VS Median (in The Forks)
Price:
$1,487,000
low | high
Med:
$475,000
100% of Average
SqFt:
5,408
low | high
Med:
1,356
100% of Average
$ / SqFt:
$275
low | high
Med:
$350
22.602872882583% of Average
On Site:
23
low | high
Med:
187
12.299465240642% of Average
Listing Updated: 10/23/2019
MLS Number: 763508
Listing Provided By:
Sharon Porter  of  R1 Colorado



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