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455 High Llama Lane, Durango, CO 81301

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For Sale

$1,500,000

10.27 acres

Estimated Payment

$      /mo. †

APR for 30 years

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  • Single Family Detached
    Property type

  • 10.3 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/: 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.
MLS# 819206

Courtesy Of The Wells Group of Durango, LLC

(970) 259-6680

Property Features

  • Architecture Style
    Other
  • Lot Size
    10.27 Acres

Map and Directions

Directions to 455 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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