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400 Palomino Trail

Ridgway, CO 81432
  • $1,150,000
  • STATUS: Active
  • ON SITE: 53 Days
  • MLS #: 812099
$1,150,000
  • 0
    BEDS
  • 0.23
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,952
    SQFT
  • $589
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2006
County:
Area:

School Information

Elementary School:
Middle School:
High School:
Listing courtesy of Redmond Realty, LLC: 970-729-0898.


Description

''RESIDENTIAL UP/BUSINESS DOWN/VACATION RENTALS'' THE REAL ESTATE. Custom built in 2007, the two-story Western Victorian style building is situated on a nearly quarter-acre lot at the very eastern edge of Town on the frontage road paralleling US Highway 550. The zoning is General Commercial with mixed uses and live-work arrangements encouraged, affording considerable flexibility in use and future marketability of the property. The building has 1952 square feet of habitable space and comes with an extensive, must-see list of quality and hard-to-find features. Among these are extensive measures against air-infiltration that not only make the building energy efficient but also make the inside incredibly quiet despite the excellent highway visibility and access the location provides. INSIDE. The ground-floor is an open concept studio with kitchenette, private bath/laundry and large covered front porch. The second floor is a fully and beautifully furnished one-bedroom, one-bath apartment with long term residential rentals allowed. It has a great room, dining area, full kitchen with counter seating, an office/guest bedroom, private laundry, and covered decks both front and rear. Both are currently operated as one of the areas longest running and most popular vacation rental properties known as Cow Creek Suites. The listing service VRBO (subsidiary of Expedia, Inc.) reports these rentals have consistently outperformed 95% of their market during the past several years (a market including San Miguel and Ouray counties and the towns of Telluride and Ouray comprising over 1500 listed properties). A contained storage room and mechanical room are each accessed with their own exterior entrances at ground level. There is plenty of off-street parking including a space around back covered by the back deck. IMPORTANT TO KNOW. Buried optical fiber is on the property with residential and commercial symmetrical service plans available up to 1000 Mbps download and 1000Mbps upload. The building is extremely well-insulated and highly energy efficient with two-zone central heating and air conditioning provided by a York air-source all-climate heat pump (no fossil fuels burned on the premises) and is equipped with American Standards AccuClean TM Whole Home Air Filtration System. The property has always been maintained smoke, pet and allergen-free. If desired, natural gas is available at the property. THE AREA. The property is situated at the northern entry to the famous San Juan Skyway Scenic Byway and has beautiful views of the surrounding meadows and mountains. It is just 9 highway miles north of the charming, historic mining town of Ouray, 37 highway miles from the ski-resort/festival town of Telluride (airport code TEX), and 26 highway miles south of the burgeoning retirement community of Montrose (airport code MTJ).

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[Colorado Real Estate Network] logo The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2024. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than Destination DRO Real Estate Group contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2024-05-25T23:56:53.097.
www.destinationdro.com/homes/149100641
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400 Palomino Trail Ridgway, CO 81432

  • Price: $1,150,000
  • Status: Active
  • On Site: 53 Days
  • MLS #: 812099
0
Beds
2
Baths
0
½ Baths
0.23
Acres
1,952
SQFT
$589
$/SQFT
2006
Built
Neighborhood:
Other
County:
Ouray
Area:
Ridgway
Elementary School:
Ridgway K-5
Middle School:
Ridgway 6-8
High School:
Ridgway 9-12
Property Description
''RESIDENTIAL UP/BUSINESS DOWN/VACATION RENTALS'' THE REAL ESTATE. Custom built in 2007, the two-story Western Victorian style building is situated on a nearly quarter-acre lot at the very eastern edge of Town on the frontage road paralleling US Highway 550. The zoning is General Commercial with mixed uses and live-work arrangements encouraged, affording considerable flexibility in use and future marketability of the property. The building has 1952 square feet of habitable space and comes with an extensive, must-see list of quality and hard-to-find features. Among these are extensive measures against air-infiltration that not only make the building energy efficient but also make the inside incredibly quiet despite the excellent highway visibility and access the location provides. INSIDE. The ground-floor is an open concept studio with kitchenette, private bath/laundry and large covered front porch. The second floor is a fully and beautifully furnished one-bedroom, one-bath apartment with long term residential rentals allowed. It has a great room, dining area, full kitchen with counter seating, an office/guest bedroom, private laundry, and covered decks both front and rear. Both are currently operated as one of the areas longest running and most popular vacation rental properties known as Cow Creek Suites. The listing service VRBO (subsidiary of Expedia, Inc.) reports these rentals have consistently outperformed 95% of their market during the past several years (a market including San Miguel and Ouray counties and the towns of Telluride and Ouray comprising over 1500 listed properties). A contained storage room and mechanical room are each accessed with their own exterior entrances at ground level. There is plenty of off-street parking including a space around back covered by the back deck. IMPORTANT TO KNOW. Buried optical fiber is on the property with residential and commercial symmetrical service plans available up to 1000 Mbps download and 1000Mbps upload. The building is extremely well-insulated and highly energy efficient with two-zone central heating and air conditioning provided by a York air-source all-climate heat pump (no fossil fuels burned on the premises) and is equipped with American Standards AccuClean TM Whole Home Air Filtration System. The property has always been maintained smoke, pet and allergen-free. If desired, natural gas is available at the property. THE AREA. The property is situated at the northern entry to the famous San Juan Skyway Scenic Byway and has beautiful views of the surrounding meadows and mountains. It is just 9 highway miles north of the charming, historic mining town of Ouray, 37 highway miles from the ski-resort/festival town of Telluride (airport code TEX), and 26 highway miles south of the burgeoning retirement community of Montrose (airport code MTJ).
Exterior Features

Acreage Range Less than 1/2 Approx Irrig Acres 0.23 Carport Yes Carport Spaces 1 Garage No Lot Dimension Rectangular Parking 2-10 Total SpacesCommon Parking Spaces 6 Property Attached No Roof Metal Siding Cedar Stories Two Story Street Description City/TownPaved Style Southwest Views MountainsValley Water Well No Waterfront YN No

Interior Features

Appliance Inclusions DishwasherDryerMicrowaveRange/OvenRefrigeratorWasher Cooling Central AirForced Air Dining Kitchen BarLiving Room Dining Flooring LaminateTile Foundation Basement InsulatedSlab Heating Fuel Source Forced AirHeat Pump Main Sq Ft 992 Master Bedroom Level Upper Level One Quarter Baths 0 Total Office Dens 0 Unit1 Square Feet 992 Unit2 Square Feet 960 Upper Sq Ft 960

Property Features

Covenants YES Green Certification No Hoa Yes Hoa Name Eastside Subdivision Horse Setup No Multi Story Yes New Construction YN No Reo Lender Owned No Tax Year 2021 Total Gas Meters 1 Total Taxes 2568 Total Water Meters 1 Type Duplex Water Rights Yes Water Sewer City SewerCity Water Zoning Live/WorkResidentialResidential Multi Family

[Colorado Real Estate Network] logo The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2024. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer

Real Estate listings held by companies other than Destination DRO Real Estate Group contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2024-05-25T23:56:53.097.
 
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Destination DRO Real Estate Group
1163 E 2nd Ave
Durango CO, 81301-5155
Listing courtesy of Redmond Realty, LLC: 970-729-0898.