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455 & 589 High Llama Lane, Durango, CO 81301

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For Sale

$3,600,000

25 acres

Estimated Payment

$      /mo. †

APR for 30 years

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  • Single Family Detached
    Property type

  • 25 acres
    Lot size

Explore this Property

Justin D Osborn, The Wells Group of Durango, LLC, O: 970-946-3935, justin@wellsgroupdurango.com, http://southwestcoloradoranchbrokers.com/: Two separately deeded parcels consisting of 25 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 $3,095. 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.
MLS# 819208

Courtesy Of The Wells Group of Durango, LLC

(970) 259-6680

Property Features

  • Amenities
    Dock
  • Architecture Style
    Other
  • Lot Size
    25 Acres

Map and Directions

Directions to 455 & 589 High Llama Lane, Durango, CO 81301

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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