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Listing Courtesy of: Jason McMillen - Coldwell Banker Distinctive Properties 970-259-3333

$990,000

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34341 N Highway 550 Durango, CO 81301

Single Family Residence

4 Beds

4 Baths

Sq. Ft.

1.9 Acre Lot

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Last updated on 9/22/2024 6:17 AM

Listing Details

Property Highlights: Spacious Living: Spanning over 4,050 sq. ft., this home includes 4 bedrooms and 4 bathrooms, with additional space provided by three bonus rooms that can be tailored to your needsâ??ideal as offices, hobby rooms, or play areas. Note that these bonus rooms do not have closets. F...lexible Layout: The downstairs bedroom features an en suite bathroom and is conveniently located near a versatile front room with an exterior door. This setup makes it perfect for use as a mother-in-law suite or second living room. Additionally, a kitchenette and separate utility room with washer and dryer hook-ups enhance the home's functionality. Entertainment and Recreation: Enjoy over 1,000 sq. ft. of deck space perfect for outdoor entertaining, two lighted tennis courts, and the possibility of past equestrian use by previous owners. Living Room Grandeur: Experience the lodge-like atmosphere with a colossal, nearly 1,000 sq. ft. living room boasting a towering fireplace and soaring cathedral ceilings. Development Potential: The property offers exciting commercial and multi-zone possibilities: Develop 24 Condos: Capitalize on the location and develop a condo community. Expand: Negotiate with the county to add two additional houses while retaining the current residence. Private/Single-Family Opportunities: Maintain the property as a luxury estate with its stunning views, tennis courts, and six-car outbuilding. There is ample land to construct a new house for a relative or a loft apartment above a new garage where the tennis courts are currently situated. Tremendous Equity Opportunity: The potential value in this home is enormous. With a complete remodel, thereâ??s tremendous equity to be gained, making this not just a place to live, but a smart financial investment. Additional Features: Current, brand new renovation in progress, new flooring being installed. Quintessential Durango charm with a nearby steam locomotive. Expansive views and serene surroundings. Ideal for both personal enjoyment and investment opportunities. This property is a rare find with its unique blend of luxury, functionality, and development potential. Donâ??t miss the opportunity to make this extraordinary estate your own. Continue reading

MLS#

817511

Property Type

Single Family

Bedrooms

Bathrooms

3 Full/1 Three-Qtr

Year Built

1978

Price per Sq. Ft.

$244.44

Lot Size