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400 Palomino Trail

Ridgway, CO 81432
  • $1,150,000
  • STATUS: Active
  • ON SITE: 85 Days
  • MLS #: 797857
UPDATED: 39 min ago
$1,150,000
  • 0
    BEDS
  • 0.23
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,952
    SQFT
  • $589
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
2006
County:
Area:

School Ratings & Info

Listing courtesy of Redmond Realty, Llc: 970-729-0898.


Description

COW CREEK SUITES. One of the area's longest running and most popular vacation rental properties can be yours. As reported by VRBO, for the past several years these vacation rentals have consistently outperformed 90-95% of their market - a market comprised of some 1500 listed properties and including the towns of Telluride and Ouray. The occupancy rate for 2021 was 90%, yielding an attractive 4.1 percent cap rate. Over the previous five-year period the occupancy rate totaled 64%. Growth prospects remain excellent - entering 2022 the property was already 55% booked. THE PROPERTY. Custom designed and built, the two-story, 1952 sq. ft., western Victorian style building is situated on a nearly quarter-acre lot at the very eastern edge of town with beautiful mountain and pasture views all around. The zoning is General Commercial with mixed uses and live-work arrangements allowed, affording flexible future use options, and avoiding any of the controversies of short-term rentals in residential zones. Buried optical fiber is on the property with residential and commercial symmetrical service plans available up to 1000 Mbps download and 1000Mbps upload. Irrigation water provided by the HOA. Building is highly energy efficient with two-zone central heating and air conditioning provided by an air-source all-climate heat pump (no fossil fuels burned on the premises). The property comes with an extraordinary number of high quality and hard-to-find features. The agent has all the details.

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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 2022. 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 Dalynn Trujillo | Bluebird Real Estate contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2022-11-26T16:56:24.19.
www.dalynntrujillo.com/homes/132676250
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400 Palomino Trail Ridgway, CO 81432

  • Price: $1,150,000
  • Status: Active
  • On Site: 85 Days
  • Updated: 39 min ago
  • MLS #: 797857
0
Beds
2
Baths
0
½ Baths
0.23
Acres
1,952
SQFT
$589
$/SQFT
2006
Built
Neighborhood:
Other
County:
Ouray
Area:
Ridgway
Property Description
COW CREEK SUITES. One of the area's longest running and most popular vacation rental properties can be yours. As reported by VRBO, for the past several years these vacation rentals have consistently outperformed 90-95% of their market - a market comprised of some 1500 listed properties and including the towns of Telluride and Ouray. The occupancy rate for 2021 was 90%, yielding an attractive 4.1 percent cap rate. Over the previous five-year period the occupancy rate totaled 64%. Growth prospects remain excellent - entering 2022 the property was already 55% booked. THE PROPERTY. Custom designed and built, the two-story, 1952 sq. ft., western Victorian style building is situated on a nearly quarter-acre lot at the very eastern edge of town with beautiful mountain and pasture views all around. The zoning is General Commercial with mixed uses and live-work arrangements allowed, affording flexible future use options, and avoiding any of the controversies of short-term rentals in residential zones. Buried optical fiber is on the property with residential and commercial symmetrical service plans available up to 1000 Mbps download and 1000Mbps upload. Irrigation water provided by the HOA. Building is highly energy efficient with two-zone central heating and air conditioning provided by an air-source all-climate heat pump (no fossil fuels burned on the premises). The property comes with an extraordinary number of high quality and hard-to-find features. The agent has all the details.
Exterior Features

Acreage Range Less Than 1/2 Approx Irrig Acres 0.23 Carport Yes Carport Spaces 1 Lot Dimension Rectangular Parking 2-10 Total Spaces Property Attached No Roof Metal Sewer Public Sewer InstalledSewer Tap Paid Stories 2 Street Description City/TownPaved Water PublicTap Installed Paid Water Well No Waterfront YN No

Interior Features

Cooling Type Central A/CForced Air Finished Sq Ft 1952 Flooring Laminate Foundation Slab Heating System Forced AirHeat Pump Main Sq Ft 992 One Quarter Baths 0 Total Offices 0 Upper Sq Ft 960

Property Features

Books Available No Cam No Covenants Yes Current Use Lodging Disclosures Covenants Documents On File CovenantsLegal Description Exchange Trade No Existing Utilities ElectricSanitary SewerWater Fixtures Included Yes Inventory Included No Landlord Pays Building InsuranceElectricInterior MaintenanceOa DuesReal Estate TaxesSewer/WaterSnow RemovalTrash Lease Included Yes New Construction YN No Oa Fees 109.40 Oa Fees Frequency Annually Oa Name Eastside Subdivision Owners Association Yes Possible Property Use Bar/LoungeGeneral OfficeLodgingMixed-UseProfessional/MedicalRetail StorefrontShowroom Railroad Siding Spur No Real Estate For Sale Yes Reo Lender Owned No Tax Year 2021 Total Taxes 2568 Total Water Meters 1 Type Multi-Use W/Res Variable Rate No Water Rights Yes Zoning Type CommercialMixed Use

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 2022. 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 Dalynn Trujillo | Bluebird Real Estate contain that company’s name.
Fair Housing Disclaimer

This data was last updated: 2022-11-26T16:56:24.19.
 
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Dalynn Trujillo | Bluebird Real Estate
211 Elk Avenue
Crested Butte CO, 81224
Listing courtesy of Redmond Realty, Llc: 970-729-0898.