$1,500,000

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455 High Llama Lane Durango, CO, United States 81301

Justin D Osborn, The Wells Group of Durango, LLC, O: 970-946-3935, justin@wellsgroupdurango.com, http://southwestcoloradoranchbrokers.com/: 10.27 acres in the path of development at the edge of Durango City limits. No HOA & No Covenants. City of Durango will require annexation for this land that is zoned medium density residential and approved for up to 12 units per acre. With the average price of a home in Durango now running over $900K, there's plenty of profit margin here for a developer. Central water and sewer are located just to the south at the corner of High Llama Lane and Wilson Gulch Road. Annual taxes are $2,094.24. Adjoining 14.27 acres to the north can be purchased with this property at a package price of $3.6M. 3 bedroom home built in 1981 rented for $1,000 a month through May 1, 2025. Guest apartment currently rented at $700 a month through May 1, 2025. No value given to the improvements.

Amenities

  • Bedrooms: 0
  • Full Bathrooms: 0
  • Partial Bathrooms: 0
  • Property Type: Land
  • Architectural Style: Other
  • Home size: 0 ft2 / 0.00 m2
  • MLS: 819206
  • Status: Active
Copyright © 2024 Colorado Real Estate Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Property brokered by

The Wells Group of Durango, LLC

(970) 259-6680

Get more listing details on brokerage site

Presented by Justin Osborn

  • (970) 259-6680
  • (970) 259-6680 (Office Phone)

Contact Justin Osborn

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