43 & 49 Terra Blue (Duplex Lots 24, 25) Way Durango CO Real Estate
A $2,500 CREDIT to the Buyer will be applied for all lots sold and closed on or before October 1, 2020. Elements 2 is a newer subdivision, within the 500-acre master planned community of Edgemont Highlands, and conveniently located about 5 miles east of historic downtown Durango. Situated at approximately 7500 feet among the Ponderosa Pines and the Oak, it is a true Colorado dream setting. The first few homes have just been completed and you can bring your own builder or we can introduce you to some! Conceptual plans are available for homes ranging from 1,300 to 2,200 square feet. Situated along a cul-de-sac and backing to acres and acres of forest to explore, these 17 lots are unique. The Elements subdivision was designed as 'clustered homes' with smaller lots to offer more common area open space. This minimizes maintenance for the homeowners without compromising on the overall open area in the neighborhood. Some of the lots are platted for individual homes and some are platted for duplex townhomes there is a variety. The Elements Homeowners Association maintains all the common areas and native xeriscaping there as well for the owners. Elements is served by central water and sewer, high speed internet and natural gas. Enjoy all the neighborhood amenities that Edgemont Highlands offers including: Community Lodge with full kitchen and oversized porch, neighborhood Herb Garden, 10+ miles of Hiking Trails, over 1.5 miles of Florida River access for blue ribbon fly fishing and over 200 acres of Open Space to explore! Social community gatherings are planned at the Lodge periodically for BBQs and holidays. A recent (April 2020) CBRE appraisal for the Elements subdivision reported these demographics: Within a 1 mile radius: 2019 population - 721 2019 avg household income - $120,425 Within a 5 mile radius: 2019 population - 15,722 2019 avg household income - $93,760 Elements assessments are $125 per lot per quarter + Edgemont assessments are $135 per lot per quarter. Lot buyer is responsible for these items per lot at closing: $2,350 infrastructure fee payable to ERMD, $500 to reserve fund for Elements Assoc., $500 reserve fund to Edgemont Assoc., and $250 HOA Admin fee for each Elements and Edgemont.