400 Palomino Trail
400 Palomino Trail Ridgway, Colorado 81432 United States

$1,150,000
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COW CREEK SUITES. One of the area's longest running and most popular vacation rental properties can be yours. As reported by VRBO, for the past several years these vacation rentals have consistently outperformed 90-95% of their market - a market...

Listing Courtesy of Redmond Realty, LLC

Listing Courtesy of Redmond Realty, LLC
$1,150,000
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1
Full Bath
1,952 Sq Ft.
Interior
23 Acres
Exterior
Duplex Homes
Property type
2006
Year Built
790199
Web Id
790199
MLS ID
Other
Subdivision
104
days ago

About 400 Palomino Trail

COW CREEK SUITES. One of the area's longest running and most popular vacation rental properties can be yours. As reported by VRBO, for the past several years these vacation rentals have consistently outperformed 90-95% of their market - a market comprised of some 1500 listed properties and including the towns of Telluride and Ouray. The occupancy rate for 2021 was 90%, yielding an attractive 4.1 percent cap rate. Over the previous five-year period the occupancy rate totaled 64%. Growth prospects remain excellent - entering 2022 the property was already 55% booked. THE PROPERTY. Custom designed and built, the two-story, 1952 sq. ft., western Victorian style building is situated on a nearly quarter-acre lot at the very eastern edge of town with beautiful mountain and pasture views all around. The zoning is General Commercial with mixed uses and live-work arrangements allowed, affording flexible future use options, and avoiding any of the controversies of short-term rentals in residential zones. Buried optical fiber is on the property with residential and commercial symmetrical service plans available up to 1000 Mbps download and 1000Mbps upload. Irrigation water provided by the HOA. Building is highly energy efficient with two-zone central heating and air conditioning provided by an air-source all-climate heat pump (no fossil fuels burned on the premises). The property comes with an extraordinary number of high quality and hard-to-find features. The agent has all the details.

Listing Courtesy of Redmond Realty, LLC, CREN MLS

Amenities

  • Metal Fence

features

lot description
Valley / Canyon View, laminate flooring

PROPERTY INFORMATION

Cooling
Central Air, Forced Air
Heating
Forced Air, Heat Pump
Parking Description
2-10 Total Spaces, Common
Sewer
City Sewer, City Water
View
Mountains, Valley
Waterfront
No

EXTERIOR

Roofing
Metal

INTERIOR

Flooring
Laminate, Tile

ADDITIONAL INFORMATION

Number of Units
2
Listing Courtesy of Redmond Realty, LLC

Listing Courtesy of Redmond Realty, LLC

Listing Courtesy of Redmond Realty, LLC

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