$1,487,000

Tbd Road 38

Dolores CO, 81323

Description

The Forks Retreat is a RARE income-generating opportunity with full COMMERCIAL zoning - the VRBO income potential is over $180K/yr (See Income Projections in MLS Documents). Commercial zoning protects the VRBO income from being taken away in the future, as is the trend all across the country. The homes can comfortably accommodate 22 people, and up to 58 as follows: The 2500sf Main House has 2 bedrooms + 2 bathrooms on the entry-level, a HUGE upstairs bonus room with its own bath, plus an attached 900sf 2-car heated garage. The 1200sf Guest House has an upstairs loft with 4 queen beds, plus a large kitchen, bathroom, and laundry on the ground level. The 1500sf Lodge has five (5) one-bedroom units - each unit has a bedroom (furnished w/ a queen bed) plus a living room (furnished w/ a queen pull-out sofa), a kitchenette and a private bathroom. The Lodge also has a shared laundry room. Also, there are 5 RV hookups accommodating another 5 families. Located between Dolores and Rico (halfway between Telluride and Durango) this property is permitted for a wide variety of commercial uses - a motel/lodge, a retreat center, a rehab center, corporate offices, personal services, a residential private school, a health center, a mountain biking club, a Telluride ski lodge, employee housing, etc. Please look in MLS Documents for a full list of permitted commercial uses allowed per Montezuma Land Use Code. AND, the adjacent US Forest Service land can accommodate a huge number of guests who may camp free for up to two-weeks each visit. This next-door camping affords tremendous flexibility for hosting large-scale events such as music or religious gatherings, hunting or fishing workshops, yoga or meditation retreats, hiking or mountain biking camps, etc. PLUS - This could be your perfect COVID escape! Bring your entire tribe of family and friends to this beautiful secluded property where you can ENJOY sheltering-in-place ... surviving and thriving in this newly constructed luxury Lodging Retreat. Grow food in your own gardens, catch fish and hunt elk for dinner, and throw parties on the Central Lawn. With 7 individual living quarters, each person/couple/family can have their privacy while you join forces for support, defensibility and camaraderie. Live right next to the river in the cool summer mountains - go hiking, biking, fishing and hunting without having to get in your car. The land is lush-green and flat while being surrounded by tree-covered mountains - the buildings are positioned to form a large Central Lawn with a f

Details

MLS#768527
Listing TypeFor Sale
StyleIQWeb_Mixed Use
Sub-TypeResale
StatusActive
Year2020
Days On Site222

Features

SQ Feet6,200
Story(s)2
Units9
ZoningCOMZ - Montezuma Land Use Code

Market Activity 81323

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Area Information
StateCO
CountyMontezuma
CityDolores
Zip Code81323
AreaMontezuma County Rural NE
Listing VS Median (in 81323)
Price:
$1,487,000
low | high
Med:
$199,000
100% of Average
SqFt:
6,200
low | high
Med:
0
100% of Average
$ / SqFt:
$240
low | high
Med:
$0
100% of Average
On Site:
222
low | high
Med:
44.5
100% of Average
Listing Updated: November 24, 2020 8:08:26 PM PST
Sharon Porter LogoMLS Number: 768527
Listing Provided By:
Sharon Porter  of  R1 Colorado

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