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  • $1,475,000

    42570 N Highway 550, Durango, CO 81301

    --beds
    7,838sqft
    Multi Family
    Built in 1982
    -- sqft lot
    $1,483,800 Zestimate®
    $188/sqft
    $-- HOA

    What's special

    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!

    Zillow last checked: 7 hours ago

    Listing updated: February 25, 2025 at 01:18pm

    Listed by:

    Andy Langefels 970-946-3539,

    Legacy Properties West Sotheby's Int. Realty

    Bought with:

    Jonathan Burden, FA100087455

    HomeSmart

    Source: CREN,MLS#: 818648MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 12
    • Full bathrooms: 9
    • 1/2 bathrooms: 3
    Primary bedroom
    • Level: Upper
    Features
    • Flooring: Carpet, Laminate, Tile
    Interior area
    • Total structure area: 7,838
    • Total interior livable area: 7,838 sqft

    Property

    Parking
    • Total spaces: 20
    • Parking features: 2 per unit
    Features
    • Levels: Three Story,Two
    • Stories: 3
    • Has view: Yes
    • View description: Mountain(s), Valley
    Lot
    • Size: 4.04 Acres
    • Features: Borders Public Land, Near Golf Course
    Details
    • Parcel number: 532526400030
    • Zoning description: Other,Residential

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Other
    • Property subtype: Multi Family
    Materials
    • Masonite, Wood Siding
    • Roof: Metal
    Condition
    • New construction: No
    • Year built: 1982

    Utilities & green energy

    • Utilities for property: Other Water/Sewer

    Community & neighborhood

    Location
    • Region: Durango
    • Subdivision: None

    Other

    Other facts
    • Listing terms: Cash
    Services availability
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