232527 CR 222, Durango, CO 81303 (MLS # 837634)

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PRICE $895,000 BEDS 5 BATHS 4 HOME SIZE 3,300 sqft LOT SIZE 4.00 ac Request More Info Schedule a Showing

THREE HOMES "¢ ONE PROPERTY — Income & Multi-Generational Opportunity Minutes from Downtown Durango. 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 on one deed, one already producing ~$27K/year on AirBNB "¢ Hybrid use — owner-occupied + mother-in-law quarters + short-term rental in any combination Each home sits on its own footprint 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 gothic Victorian originally built in 1898 — the natural choice for owner-occupancy or a premium long-term rental. 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 accessibility features broaden the tenant pool considerably. HOME #3 — The Caboose Cabin (475 sf "¢ 1BR + loft "¢ 1BA) — Active Income Producer. Rustic, cozy, and currently generating ~$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 $895,000, 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.