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Jeff Brown

REALTOR®

  • Cell (970) 426-0333
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31 Terra Blue Way - 6 Lots, Durango, CO – $499,000

  • $499k Price
  • .48 Acres
  • $499k Price
  • .48 Acres

31 Terra Blue Way - 6 Lots

Some lots are for attached duplex homes and some are for detached homes. Ready to build! New subdivision within the master planned community of Edgemont Highlands with homes under construction. Just 4 miles east of Durango in the cool pines at 7500 ft, this Phase 2 of an established subdivision within the desirable Edgemont Highlands Master Plan is fully improved and branded. Of the 17 total lots, only 8 are left available (4 detached and 4 in duplexes), with this listing offering 6 of the 8. This subdivision is designed as "clustered homes" with smaller building envelopes/lots and more common area open space. This minimizes maintenance for the homeowners without compromising on the overall open area in the neighborhood. With a gross density of 4 unit to the acre, the gross area per home is essentially 0.25 acres - but low maintenance! A win win! The Elements Association maintains all those common areas and landscaping there as well for the owners. With conceptual plans for home sizes ranging from 1300 to 2000 square feet, this subdivision can deliver a great value and price point to the market that is much in demand! Elements Phase 1 included 14 townhomes ranging from 1365 to 2200 square feet and is SOLD OUT. Elements assessments are $125 per lot per quarter + Edgemont assessments are $135 per lot per quarter. Buyer responsible for these items per lot at closing: $2,350 infrastructure fee per payable to ERMD, $1,294 in water and sewer "tap fees", $2,000 in electric and gas deposits, $500 to reserve fund for Elements, $500 reserve fund to Edgemont. Bulk listing for last 8 remaining developer lots. Also listed in MLS individually. Call for details. Take advantage of an opportunity to deliver a lower price point new home in high demand and offer all that Edgemont Highlands includes: community lodge with full kitchen and oversized porch, herb garden, 10+ miles of hiking trails, over 1.5 miles of Florida River for fly fishing and over 200 acres of open space to explore!

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Essential Information

  • MLS® #737430
  • Price$499,000
  • Acres0.48
  • TypeLand
  • Sub-TypeResidential
  • StatusActive

Community Information

  • Address31 Terra Blue Way - 6 Lots
  • AreaDurango Rural
  • SubdivisionEdgemont Highl.
  • CityDurango
  • CountyLa Plata
  • StateCO
  • Zip Code81301

Amenities

  • ViewMountains

Utilities

Electricity, Phone, Natural Gas, Internet, Cable TV

Exterior

Lot Description

Cul-de-Sac, Boundaries Surveyed, Fishing Rights, Wooded Lot, Sloped

School Information

  • ElementaryRiverview K-5
  • MiddleMiller 6-8
  • HighDurango 9-12

Additional Information

  • Days on Website870
  • ZoningResidential Multi Family
  • HOA NameELEMENTS & EDGEMONT HIGHLANDS

Listing Details

  • OfficeDurango Mountain Realty
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Price Change History for 31 Terra Blue Way - 6 Lots, Durango, CO (MLS® #737430)

Date Details Change
Price Reduced from $750,000 to $499,000 $251,000 (33.47%)
Price Reduced from $800,000 to $750,000 $50,000 (6.25%)
Price Reduced from $900,000 to $800,000 $100,000 (11.11%)
Price Reduced from $1,550,000 to $900,000 $650,000 (41.94%)
Price Reduced from $1,700,000 to $1,550,000 $150,000 (8.82%)
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