Real Estate

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49617 N US HWY 550 Durango CO Real Estate

This prime, development opportunity is located 24 miles north of Durango, strategically at the base of the Purgatory Resort and Ski Area. The property consists of two commercial /residential sites contiguous with the Resort and accessible from US Hwy 550 north. The northern site, Junction Creek 2, is .7 acre site, and currently has a beautiful, 4,500 sf. mountain family lodge which is marketed by Airbnb. There is still within the current lodge building 3,500 sf. that could possibly be developed with more bedrooms, meeting rooms, gym, theater, garage, etc., to transform this property into a corporate retreat. Junction 3 is a site with vacant land and has numerous potentiality with possible cabins or tiny homes. There are utilities on site, and both water and sewer taps available from the Purgatory Metro District. The property has magnificent views of the West Needles, Spud, Engineer Mountain and Twilight Lake. This incredible location offers year around activities and amenities with great skiing, snowcat and snowmobile excursions in the winter and excellent mountain biking, ATV and hiking trails in the summer. With the growing popularity of both the Purgatory Resort and the Durango Mountain area, this would be an incredible and very timely investment.