How would you like to live in the cool summer mountains, right on the river, in a brand new luxury home, and have over $180K of VRBO income per year? (See Income Projections in MLS Documents) The Forks Retreat is a RARE residential income-generating opportunity. This 1.06-acre property is located between Dolores and Rico, just a 1-hour drive to Telluride, and has full COMMERCIAL zoning. The Commercial zoning protects the VRBO income from being be taken away in the future, as is currently happening all across the country. This property is permitted for a wide variety of commercial uses - a motel/lodge, a retreat center, a rehab center, corporate offices, personal services, a residential private school, a health center, a mountain biking club, a Telluride ski lodge, employee housing, etc. Please look in MLS Documents for a full list of permitted commercial uses allowed per Montezuma Land Use Code. Three brand new buildings have been constructed with sturdy detailing for investment longevity. Green building features include super-insulated buildings for low heating costs, while zero-maintenance high-end exterior materials preserve your outdoor time for recreation. There are two electric vehicle charging stations located inside the heated garage plus another exterior charging station, and 8000sf of reclaimed blue-pine beetle-kill T&G ceilings. A 1-year Builder’s Warranty is included. See MLS Docs for a full list of Green Bldg features. There is a 2600 Sq Ft luxury Single Family Home (2 bedrooms, 2 bathrooms, plus a HUGE 950 Sq Ft bonus loft with full-sized bath upstairs) with attached 900 Sq Ft 2-car garage; plus a 1500 Sq Ft Guest Lodge with five (5) one-bedroom units, each with a private bathroom, living room and kitchenette; plus a 1200sf Guest House with two bedrooms, a kitchen, bathroom, and laundry. High-end finishes throughout including black granite countertops and radiant-heat stained concrete floors, large outdoor covered decks with rough-sawn post and beams, etc. All window coverings included, and the well water has tested crystal clean! The land is lush-green and flat while being surrounded by tree-covered mountains, with 5 RV hookups and plenty of parking, and the buildings are positioned to form a large central lawn for group gatherings and outdoor activities. BEST OF ALL - the property is just a short walk to the junction of the Dolores and West Dolores Rivers! It is immediately adjacent to US Forest Service land which affords direct in-perpetuity access to and fishing rights on the West Dolores River, as well as access the Dolores River where fishing rights are deeded through the subdivision’s CCR’s. Relax with a book or enjoy all the fishing you want in these clear, cool river waters. AND, the adjacent US Forest Service land can accommodate a huge number of guests who may camp free for up to two-weeks each visit. This next-door camping opportunity affords tremendous flexibility for hosting larger scale events at The Forks Retreat. Seller Financing is available with 50% down.
Ranch, Farm House, Contemporary, Loft
Electric, Propane-Tank Owned, Internet, Internet - DSL, Phone - Landline
Mountains, Valley, Stream/River
Window Coverings, Cathedral Ceiling, Ceiling Fan(s), W/D Hookup, Vaulted Ceiling, Granite Counters, Guest Quarters, Jetted Tub, Pantry, Walk In Closet, Garage Door Opener, Fitness Room, Game Room, Mud Room, Heated Garage
Range/Oven, Refrigerator, Dishwasher, Washer, Dryer, Disposal, Microwave, Exhaust Fan, Water Purifier, Freezer
Hot Water Baseboard, Floor Radiant, Propane
Slab, Stemwall, Concrete, Insulated
Gas Logs, Living Room, Den/Family Room, Free Standing
Landscaping, Deck, RV Hook Up/Pad, Covered Porch, Garage, Guest House
Borders Public Land, Foothills, Adj to Greenbelt, Corner, Adj to Open Space, Borders National Forest
Residential Single Family, Mixed-Use, Commercial
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