11
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$2,400,000
Est. payment /mo
25 Acres Lot
Contingent
455 & 589 High Llama Lane Durango, CO 81301
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Key Details
Property Type Vacant Land
Sub Type Residential
Listing Status Contingent
Purchase Type For Sale
MLS Listing ID 819208
Tax Year 2024
Lot Size 25.000 Acres
Acres 25.0
Property Sub-Type Residential
Property Description
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.
Location
State CO
County La Plata
Zoning Residential Multi Family,Residential Single Family
Rooms
Dining Room No
Exterior
Utilities Available Electricity
View Mountains, Valley
Schools
Elementary Schools Florida Mesa K-5
Middle Schools Escalante 6-8
High Schools Durango 9-12
Others
Virtual Tour https://id.land/ranching/maps/f02cf18c681a51cdeb3f7e2396e1b7da/share/unbranded
Listed by The Wells Group of Durango, LLC
NEARBY SCHOOL & BUSINESS
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