1138568780178619
Megan Powell

Tbd S Hwy 550, Durango, CO 81303

$397,000
  • Tbd S Hwy 550, Durango, CO 81303 Main Photo

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LOT SIZE 18.040 acres MLS#838388
STATUS PROPERTY TYPELand - Residential

Property Description

Discover the opportunity to build your dream home and continue the legacy of productive agricultural use on this beautiful 18.04-acre parcelâ??Lot A1 of the Milagro Farm, located within the Hess Minor Subdivision just south of Durango, Colorado. This property offers privacy, breathtaking views and practical features that make it ideal for a blend of rural living and agricultural use. One home is permitted on the property and can be sited on the rear portion of the lot without impacting the existing pond, which is currently used for irrigation runoff. Lot A1 has an active electric pole on the property; Buyers will need to install an individual well and septic system in compliance with state and county requirements. A side roll sprinkler is included for efficient irrigation. The lot is currently eligible for agricultural property tax status, livestock of any kind is allowed on the property. Irrigation Water is a key advantage of this parcel. The property includes an allocation of 20 acre-feet of Project Water (pending final plat approval and agreement with the Florida Water Conservancy District and Bureau of Reclamation), and while the neighboring owner retains 12 additional shares of irrigation water, a Declaration of Covenants allows for shared access and cooperative water use between the property owners. Whether you're looking to establish a small-scale farm, build a rural retreat, or invest in a piece of land with long-term potential, Lot A1 at Milagro Farm offers flexibility, water access, and room to growâ??all just minutes from Durango.

Tbd S Hwy 550 | MLS# 838388

This land located at Tbd S Hwy 550, Durango, CO 81303 is currently listed for sale with an asking price of $397,000. The property has approximately 18.04 Acres. Search Durango real estate on www.meganknowsgj.com today.

Property Features

Property Type: Land - Residential
Lot Size: 18.04 Acres
Taxes: $292

Feature Descriptions

Days on Site: 10
Present Use: Ag/Livestock
Pricing: 0.51 (Per Square Foot), 22006.65 (Per Acre)

Local Schools

High School: Durango 9-12
Middle School: Escalante 6-8
Elementary School: Sunnyside K-5

Listed By / Shown By

Listed By

Agency Name: Coldwell Banker Mountain Properties

Shown By

Agent Name: Megan Powell
Agent Phone: Cell: (303) 501-3111
Agency Title: Key Realty

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Estimated Payment

$ 2,044.30 per month $1,904.17 Principal & Interest $24.33 Property Tax $115.79 Homeowner's Insurance

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