400 Palomino Trail, Ridgway, Colorado

$1,150,000

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1

Bed

Baths

1,952

Square feet

0.25

Acres

About 400 Palomino Trail

''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).

Features of 400 Palomino Trail

MLS® # 42440
Price $1,150,000
Bedrooms 1
Bathrooms 1.50
Full Baths 1
Half Baths 1
Square Footage 1,952
Acres 0.25
Year Built 2006
Type Residential
Sub-Type Within Township/City Limits
Style Southwest
Status Active

Community Information

Address 400 Palomino Trail
Area Ridgway - 71 (Major Area 70)
Subdivision XYZ Subdivision
City Ridgway
County Ouray County
State Colorado
Zip Code 81432

Amenities

Utilities Regular Phone, Forced Air
Parking 3 Car +, 1 Car
Garages Open Area
View Mountains, Valley
Has Pool No

Interior

Appliances Dishwasher, Dryer, Refrigerator, Washer, Elec Oven/Range, Microwave
Heating Forced Air
Fireplace No
Has Basement No

Exterior

Exterior Wood (Natural)
Roof Metal
Construction Frame

Additional Information

Zoning Residential/Commercial
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 109.40

Listing Details

AgentCathy Redmond
OfficeRedmond Realty, LLC

Listing Map

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