Active
34341 N Highway 550
Durango CO, 81301
$989,000
$244.20 per sqft
Active
4 Beds
4 Baths
4,050 sqft
Residential
Built in 1978
Courtesy of Coldwell Banker Distinctive Properties with Listing Contact: 970-903-8938
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 needs--ideal as offices, hobby rooms, or play areas. Note that these bonus rooms do not have closets. Flexible 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, there'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. Don't miss the opportunity to make this extraordinary estate your own.
817511
MLSⓇ ID
August 29, 2024
Listed
October 18, 2024
Updated
Map
34341 N Highway 550
Durango CO, 81301
Interior Features
Bedrooms
4
Total Bathrooms
4
Full Bathrooms
3
Three-Quarter Bathrooms
1
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
1.9 Acres
School Information
High School
Durango 9-12
Elementary School
Animas Valley K-5
Other Property Details
Area Name
Durango Rural
Taxes
$1,432
Tax Frequency
Annually
Days on Market
51
Garage
No
View
No
County
La Plata
Pool
No
Listing History
Date | Event | Price |
|---|---|---|
10/18/2024 | Price change | $989,000 -1% |
Courtesy of Coldwell Banker Distinctive Properties with
Listing Contact: 970-903-8938
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Data last updated on: 10/18/2024