Description
THREE HOMES ONE PROPERTY - Income & Multi-Generational Opportunity Minutes from Downtown Durango projected to rent for $94,200 in income. Three separate, fully functional homes on one 4-acre micro farm/ranch, priced at what comparable single homes command in the Durango area. With 3,300 sf combined, 5 bedrooms, 4 bathrooms, and proven short-term rental income already in place: Live in one, rent two - offset or eliminate your mortgage with two income streams Multi-generational compound - main home, in-law suite, and guest cabin keep family close while everyone keeps their independence Pure investment play - three turnkey rental units projected to rent for $94,200 Hybrid use - owner-occupied + mother-in-law quarters + short-term rental bringing in $27,000 in Airbnb revenue. Each home sits on its own yard space with separately metered 200-amp buried electric service, giving every residence true independence. All kitchen appliances and washer/dryers convey. Income Already Producing: The Caboose Cabin has generated approximately $27,000 in annual AirBNB revenue for several years with consistent bookings. Owners will sell it fully furnished at additional cost - keep summer reservations live and cash flowing from day one. The Setting & Water: Stunning La Plata mountain range views, dozens of mature trees including fruit trees, and established landscaping on a level, usable parcel near the airport, hospital, and downtown Durango. A domestic well allows for horses, and the property includes 1.5 Class A shares in the Florida Consolidated Ditch Company and 2.9 acre-feet of water in the Florida Water Conservancy District for irrigation - a significant and increasingly rare asset in Southwest Colorado. A well-insulated workshop with dedicated 220-volt service, multiple storage sheds, and a started greenhouse foundation round out the property. HOME #1 - The Farmhouse (1,850 sf 2BR + study 2BA) Charmingly restored Victorian originally built in 1898 - the natural choice for owner-occupancy or a premium long-term rental with projected rent $3300/month ($39,600/year). Updated kitchen and baths, new roof (2026), new windows (2025), new exterior paint (2024) with hand-painted Victorian trim restoration. Western views and sunsets from the front porch and master bedroom picture window; sitting room off the kitchen has a massive east-facing window overlooking the deck - ideal for bird-watching and visits from local deer. Fenced backyard ready for your dogs. HOME #2 - The KIT Custom Home (965 sf 2BR 1BA) Built in 2020 - essentially new construction. Vaulted ceilings, roomy kitchen, warm south-facing light, metal roof, and concrete siding for low maintenance. Custom shutters (2022) and a platform lift to the front porch included. Ideal as an in-law suite, adult-child residence, or long-term rental - modern construction and ADA accessibility features broaden the tenant pool considerably with projected rent at $2300/month ($27,600/year). HOME #3 - The Caboose Cabin (475 sf 1BR + loft 1BA) - Active Income Producer. Rustic, cozy, and has generated ~$27K/year on AirBNB. Vaulted wood-finished interior, east-facing porch with flagstone patio, fenced backyard, and landscaped garden made for morning-coffee sunrises. Available furnished at additional cost so bookings continue uninterrupted into the busy summer season. The Bottom Line: At $870,000, you're acquiring three fully independent residences for roughly $271 per square foot of finished living space - before factoring in the 4 acres, water rights, workshop, and existing rental income. Whether you're building a family compound, a short-term rental portfolio, or a mortgage-offsetting owner-occupied situation, this property delivers optionality that's nearly impossible to find in the Durango market. Bring your vision - the infrastructure is already here.
Details
| MLS # | 837634 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1898 |
| Days On Site | 96 |
| Listing Provided By | Legacy Properties West Sotheby's Int. Realty | Katie Sturm |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 3,300 |
| Story(s) | 2 |
| Zoning | Agriculture,Residential Single F |
| Acreage | 4.00 |
Interior
| Heating Yes / No | Yes |
|---|---|
| Heating | Electric, Propane, Wood |
| Interior Features | Additional Living Quarters, In Law Floorplan, Quartz Counters, Sun Room, Window Treatments |
| Window Features | Window Coverings |
| Furnished | Unfurnished |
| Appliances | Dryer, Dishwasher, Oven, Range, Refrigerator, Washer |
Exterior
| Exterior Features | Deck, Irrigation Sprinklers, Landscaping, Porch, Patio, Water Feature, Propane Tank Leased |
|---|---|
| Roof | Composition |
| Construction Materials | Wood Frame, Stick Built |
| Lot Features | Cleared |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Rv Access Parking |
Utilities
| Utilities | Cellular Phone Reception, Electricity Available, High Speed Internet Available, Propane, Phone Available |
|---|
Other
| List Aor | Durango Area Association Of Realtors |
|---|
Taxes
| Property | 1845 |
|---|
Area Information
| State | CO |
|---|---|
| County | La Plata |
| City | Durango |
| Zip Code | 81303 |
| Area | Durango Rural |
| Community Name | Western Holly |
| School District | Durango 9-12 |
| Elementary School | Florida Mesa K-5 |
| High School | Durango 9-12 |
| Listing VS Median (in Western Holly) | |
Price: $870,000 low | high Med: $870,000 sqft: 3,300 low | high Med: 3,300 $ / sqft: $264 low | high Med: $264 On site: 96 low | high Med: 96 | |
Market Activity 81303
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Learn More About This Property
| State | CO |
|---|---|
| County | La Plata |
| City | Durango |
| Zip Code | 81303 |
| Area | Durango Rural |
| Community Name | Western Holly |
| School District | Durango 9-12 |
| Elementary School | Florida Mesa K-5 |
| High School | Durango 9-12 |
| Listing VS Median (in Western Holly) | |
Price: $870,000 low | high Med: $870,000 sqft: 3,300 low | high Med: 3,300 $ / sqft: $264 low | high Med: $264 On site: 96 low | high Med: 96 | |