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486 Marys Road, Ridgway, CO 81432

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For Sale

$1,200,000

4 beds • 3 baths • 2,512 sqft

Estimated Payment

$ 6,163 /mo. †

6.65% APR for 30 yrs.
$0 in taxes
Change Loan Terms

  • Single Family Detached
    Property type

  • $477.71
    Price per square foot

Explore this Property

Marc B Hitchcox, NextHome Virtual, C: 970-729-3055, hitchcoxrealestate@gmail.com, www.crenmls.com: PRICE IS NEGOTIABLE Are you looking for a house that is instantly ready to go for you? This one of a kind home offers a turn-key solution to your dream of owning a home with substantial earning potential while allowing you to live in the San Juans. This house was a diamond in the rough in its past life, but the current owners have painstakingly converted it into a very profitable, beautiful home. Located in the quiet neighborhood of Idlewild, the home sits exactly between the towns of Ouray and Ridgway and is only 45 minutes to world class skiing in the town of Telluride. Your new home sits on 2.2 acres of stunning prime Colorado land with red cliffs soaring above you to the East and to the West, views of Mt. Abrams to the South and gorgeous Alpenglow skies to the North with the sunsets. The roof, windows, floors, plumbing, septic, electrical, appliances, heating and anything else you can think of, have all been upgraded, rebuilt, replaced and loved. For those that need a little entertainment in the summer, watch the soap operas unfold with the coming and goings of the campground just below the house. The main unit consists of the two upper levels, beautifully remodeled with a rustic and cozy charm. The main level boasts two large bedrooms, a full bath and a large open concept living/kitchen area with a vaulted ceiling featuring an 80in TV nestled above the floor-to-ceiling stone fireplace with a wood burning stove as well as a large wrap around deck to enjoy outdoor dining and stunning views. Take a walk up the hand crafted stairs to the third floor and the huge master suite with a private loft and natural stone shower. This unit has always been used as a Short Term Rental (STR) and the license is transferable to the new owner. There are currently 260 or more 5-Star reviews for this AirBnb and the calendar is constantly booked well into the next year. Let this established money maker do all the hard work for you. The current owner will work with the new buyers to transfer all existing reservations to you. All furniture and supplies needed to operate as an STR can be included if purchased before December 31.Downstairs you will find a separate 1 bedroom, 950 sqft home that has also been remodeled, boasting a large master bedroom, large custom shower and a wood burning stove that will leave you relaxed on a cool winter evening. This unit is currently leased long term, but would make for a great owner's quarters as well. Live in one unit and let the other pay your mortgage for you.Don't overlook this one - homes that pay for themselves in this area are hard to come by!
MLS# 818366

Courtesy Of NextHome Virtual

(970) 258-9300

Property Features

  • Architecture Style
    Stick
  • Lot Size
    2.2 Acres

Map and Directions

Directions to 486 Marys Road, Ridgway, CO 81432

Home seller CENTURY 21 CapRock Real Estate

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 CapRock Real Estate

(970) 257-0500
Learn More About Us

Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $6,163
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $6,163

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

Ouray Elementary School

Grades PK-6 Public School

Ouray, CO 81427 4.5 miles
400 7th ave

115 total students
9:1 Student teacher ratio

School Details

Ouray Middle School

Grades 7-8 Public School

Ouray, CO 81427 4.5 miles
400 7th ave

21 total students
6:1 Student teacher ratio

School Details

Ouray High School

Grades 9-12 Public School

Ouray, CO 81427 4.5 miles
400 7th ave

51 total students
7:1 Student teacher ratio

School Rating: A-

School Details
Other Nearby Schools Distance Type Grades School Rating
Ridgway Elementary School 5.8 miles Public PK-5 B

Ridgway Elementary School

Distance: 5.8 miles

Type Public

Grades: PK-5

B

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

Local area information for Ridgway, CO 81432

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Ridgway, CO 81432

This community’s employment is highest in the food and administrative support industries. The area’s overall household expenses are above the national average.

71° July
Hottest Average Month
8° January
Coldest Average Month
1,529 Total Households in Area
4.7% Increase in population since the year 2010
17.7%
of households
have children
22 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for Ridgway, CO 81432

Ridgway, CO 81432 has a population of 3,248 people in 1,529 households with a median age of 51.2 years old.

4.7%
Increase in population
since the year 2010
Population is Trending up
1,447
Total households as of 2010
7.4%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 51.2 years old. The smallest percentage group is 65-74 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

White 89%
Hispanic 6%
Other 2%
Asian <1%
Black <1%
Native American <1%
The most prevalent ethnicity is White at 89%, followed by Hispanic at 6%, Other at 2%, and Asian at <1%.

Economics
for Ridgway, CO 81432

9 /sq mi
Population Density
$72,804 /yr
Median Household Income
$730,000
Median Sales Price
22 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is $50-74,999k representing 18.25% of the households.

Transportation to Work

  • Drive 73%
  • Work from Home 18%
  • Walk or Bike 8%
  • Public Transit 0%

Occupancy by Type

Owned 1,103 49%
Vacant 720 32%
Rented 426 19%

White vs Blue Collar Jobs







White Collar 80%
Blue Collar 20%

Family & Education Facts
for Ridgway, CO 81432

51.2 Median Age

Average Household Size

2.1
persons per
household

55.7%

Married Households

Community Population By Education

Bachelors Degree 29%
Some College 28%
Graduate Degree 18%
High School Graduate 14%
Associates Degree 10%
Some High School 2%
Of the total people surveyed, the most prevalent educational attainment level is Bachelors Degree, representing 29.34% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
17.7% of households have children

Weather
for Ridgway, CO 81432

The weather for this area ranges from a high of 71° F in July to a low of 8° F in January

71° July
Hottest Average Month
8° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
8°
34°
Feb
9°
37°
Mar
12°
41°
Apr
20°
48°
May
29°
56°
Jun
36°
66°
Jul
42°
71°
Aug
41°
69°
Sep
34°
63°
Oct
26°
53°
Nov
15°
42°
Dec
9°
35°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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Copyright © 2025 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. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† 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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