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400 Palomino Trail

Ridgway, CO 81432
  • $1,150,000
  • STATUS: Active
  • ON SITE: 32 Days
  • MLS #: 42440
UPDATED: 93 min ago
$1,150,000
  • 1
    BEDS
  • 0.25
    ACRES
  • 1
    BATHS
  • 1
    1/2 BATHS
  • 1,952
    SQFT
  • $589
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
2006
County:

School Ratings & Info

Description

''RESIDENTIAL UP/BUSINESS DOWN/VACATION RENTALS''THE REAL ESTATE. Custom built in 2007, the two-story Western Victorian style building is situated on a nearly quarter-acre lot at the very eastern edge of Town on the frontage road paralleling US Highway 550. The zoning is General Commercial with mixed uses and live-work arrangements encouraged, affording considerable flexibility in use and future marketability of the property. The building has 1952 square feet of habitable space and comes with an extensive, must-see list of quality and hard-to-find features. Among these are extensive measures against air-infiltration that not only make the building energy efficient but also make the inside incredibly quiet despite the excellent highway visibility and access the location provides.INSIDE. The ground-floor is an open concept studio with kitchenette, private bath/laundry and large covered front porch. The second floor is a fully and beautifully furnished one-bedroom, one-bath apartment with long term residential rentals allowed. It has a great room, dining area, full kitchen with counter seating, an office/guest bedroom, private laundry, and covered decks both front and rear. Both are currently operated as one of the area's longest running and most popular vacation rental properties known as Cow Creek Suites. The listing service VRBO (subsidiary of Expedia, Inc.) reports these rentals have consistently outperformed 95% of their market during the past several years (a market including San Miguel and Ouray counties and the towns of Telluride and Ouray comprising over 1500 listed properties). A contained storage room and mechanical room are each accessed with their own exterior entrances at ground level. There is plenty of off-street parking including a space around back covered by the back deck. IMPORTANT TO KNOW. Buried optical fiber is on the property with residential and commercial symmetrical service plans available up to 1000 Mbps download and 1000Mbps upload. The building is extremely well-insulated and highly energy efficient with two-zone central heating and air conditioning provided by a York air-source all-climate heat pump (no fossil fuels burned on the premises) and is equipped with American Standard's AccuClean TM Whole Home Air Filtration System. The property has always been maintained smoke, pet and allergen-free. If desired, natural gas is available at the property. THE AREA. The property is situated at the northern entry to the famous San Juan Skyway Scenic Byway and has beautiful views of the surrounding meadows and mountains. It is just 9 highway miles north of the charming, historic mining town of Ouray, 37 highway miles from the ski-resort/festival town of Telluride (airport code TEX), and 26 highway miles south of the burgeoning retirement community of Montrose (airport code MTJ).

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Teullride Board of Realtors logo ©Copyright 2020 by Telluride Association of REALTORS, Inc. ALL RIGHTS RESERVED WORLDWIDE. The data relating to real estate on this web site comes from REALTORS who submit listing information to the Internet Data Exchange (IDX) Program of the Telluride Association of REALTORS, Inc. The inclusion of IDX Program data on this web site does not constitute an endorsement, acceptance, or approval by the Telluride Association of REALTORS of this web site, or the content of this web site. The data on this web site may not be reliable or accurate and is not guaranteed by the Telluride Association of REALTORS, Inc. The IDX data on this web site is provided exclusively for the web site user’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that the user may be interested in purchasing. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written consent of the Telluride Association of REALTORS, Inc. or Telluride Standard. Data last updated: 2024-05-20T19:49:45.97.

www.telluridestandard.com/homes/149201811
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400 Palomino Trail Ridgway, CO 81432

  • Price: $1,150,000
  • Status: Active
  • On Site: 32 Days
  • Updated: 93 min ago
  • MLS #: 42440
1
Beds
1
Baths
1
½ Baths
0.25
Acres
1,952
SQFT
$589
$/SQFT
2006
Built
Neighborhood:
Xyz Subdivision
County:
Ouray
Area:
Ridgway - 71 (Major Area 70)
Property Description
''RESIDENTIAL UP/BUSINESS DOWN/VACATION RENTALS''THE REAL ESTATE. Custom built in 2007, the two-story Western Victorian style building is situated on a nearly quarter-acre lot at the very eastern edge of Town on the frontage road paralleling US Highway 550. The zoning is General Commercial with mixed uses and live-work arrangements encouraged, affording considerable flexibility in use and future marketability of the property. The building has 1952 square feet of habitable space and comes with an extensive, must-see list of quality and hard-to-find features. Among these are extensive measures against air-infiltration that not only make the building energy efficient but also make the inside incredibly quiet despite the excellent highway visibility and access the location provides.INSIDE. The ground-floor is an open concept studio with kitchenette, private bath/laundry and large covered front porch. The second floor is a fully and beautifully furnished one-bedroom, one-bath apartment with long term residential rentals allowed. It has a great room, dining area, full kitchen with counter seating, an office/guest bedroom, private laundry, and covered decks both front and rear. Both are currently operated as one of the area's longest running and most popular vacation rental properties known as Cow Creek Suites. The listing service VRBO (subsidiary of Expedia, Inc.) reports these rentals have consistently outperformed 95% of their market during the past several years (a market including San Miguel and Ouray counties and the towns of Telluride and Ouray comprising over 1500 listed properties). A contained storage room and mechanical room are each accessed with their own exterior entrances at ground level. There is plenty of off-street parking including a space around back covered by the back deck. IMPORTANT TO KNOW. Buried optical fiber is on the property with residential and commercial symmetrical service plans available up to 1000 Mbps download and 1000Mbps upload. The building is extremely well-insulated and highly energy efficient with two-zone central heating and air conditioning provided by a York air-source all-climate heat pump (no fossil fuels burned on the premises) and is equipped with American Standard's AccuClean TM Whole Home Air Filtration System. The property has always been maintained smoke, pet and allergen-free. If desired, natural gas is available at the property. THE AREA. The property is situated at the northern entry to the famous San Juan Skyway Scenic Byway and has beautiful views of the surrounding meadows and mountains. It is just 9 highway miles north of the charming, historic mining town of Ouray, 37 highway miles from the ski-resort/festival town of Telluride (airport code TEX), and 26 highway miles south of the burgeoning retirement community of Montrose (airport code MTJ).
Exterior Features

Access CityPaved Construction Frame Covered Parking 1 Car Exterior Finish Wood (Natural) Extras Air ConditioningFencePatio/Deck Garage Open Area Lofts None Open Area Parking 3 Car + Roof Metal Special Location None Style Southwest Substructure Crawl Space View MountainsValley

Interior Features

Appliances DishwasherDryerElec Oven/RangeMicrowaveRefrigeratorWasher Furnished Full Heat Forced Air

Property Features

Age 21 - 40 Years Caretakers Unit No Deed Restrictions None Disclosures Covenants Electric Power Company Historical Qualification No Hoa Dues 109.40 Irrigation YN No Major Area 70 REO No Residential Type Within Township/City Limits RETT None Sanitation Sewer Short Sale No Sq Ft Source Assessor Tax Year 2020 Taxes 2400.00 Utility Phone Lines Regular Phone Utility Primary Heat Forced Air Water Public Zoning Residential/Commercial

Teullride Board of Realtors logo Listing provided courtesy of Cathy Redmond of Redmond Realty, LLC: .
Teullride Board of Realtors logo ©Copyright 2020 by Telluride Association of REALTORS, Inc. ALL RIGHTS RESERVED WORLDWIDE. The data relating to real estate on this web site comes from REALTORS who submit listing information to the Internet Data Exchange (IDX) Program of the Telluride Association of REALTORS, Inc. The inclusion of IDX Program data on this web site does not constitute an endorsement, acceptance, or approval by the Telluride Association of REALTORS of this web site, or the content of this web site. The data on this web site may not be reliable or accurate and is not guaranteed by the Telluride Association of REALTORS, Inc. The IDX data on this web site is provided exclusively for the web site user’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that the user may be interested in purchasing. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written consent of the Telluride Association of REALTORS, Inc. or Telluride Standard. Data last updated: 2024-05-20T19:49:45.97.

 
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