21179 Highway 550, Montrose, CO 81403 (MLS # 839238)

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PRICE $899,000 BEDS 4 BATHS 3 HOME SIZE 4,517 sqft LOT SIZE 1.79 ac Request More Info Schedule a Showing

Luxury Colorado Living with Income Potential on 1.79 Irrigated Acres Welcome to a truly one-of-a-kind Colorado estate where timeless craftsmanship, breathtaking mountain views, and incredible versatility come together on nearly 1.8 irrigated acres just minutes south of Montrose. This spectacular 5,367-square-foot custom log home offers the perfect blend of luxury, privacy, and functionality, making it ideal as a primary residence, multi-generational retreat, hobby farm, or income-producing investment. As you enter the home, you're immediately greeted by soaring cathedral ceilings, massive hand-crafted log beams, expansive windows, and the warmth that only an authentic log home can provide. Natural light pours through the east-facing windows while showcasing sweeping mountain views that create an unforgettable backdrop throughout the main living spaces. Designed for both everyday living and entertaining, the spacious kitchen features abundant cabinetry, generous prep space, double ovens, and an open layout that flows effortlessly into the dining and great room. Gather around the cozy wood-burning stove on cool Colorado evenings or host family and friends with room for everyone to spread out. The primary suite serves as a peaceful retreat, complete with its own private upper-level deck—the perfect place to enjoy your morning coffee while taking in spectacular sunrises and the surrounding landscape. Multiple additional bedrooms and flexible living spaces provide room for family, guests, home offices, or recreation. One of the property's most valuable assets is the beautifully remodeled 800-square-foot guest house, completed in 2024. Offering 2 bedrooms, 1 bathroom, a full kitchen, laundry, and private living space, the guest home is ideal for extended family, caretakers, visiting guests, or continued rental income. Whether you're looking to offset ownership costs through long-term or short-term rentals (subject to county regulations) or create a private space for loved ones, this additional residence provides exceptional flexibility rarely found in today's market. Step outside and experience your own private Colorado oasis. The beautifully landscaped property features a tranquil pond, lush lawn, mature trees, expansive decks and patios, and 2.5 shares of UVWUA irrigation water, keeping the grounds vibrant throughout the growing season. With no HOA or restrictive covenants, you'll enjoy the freedom to truly make this property your own. Livestock including horses, cattle, sheep, and poultry are permitted, making this an outstanding opportunity for hobby farmers or anyone seeking room to live the Western Colorado lifestyle. Additional improvements include a metal shop/building, storage shed, attached two-car garage, paved year-round access, central air conditioning, public water, septic system, natural gas, and high-speed Elevate fiber internet—offering the convenience of modern amenities without sacrificing the peaceful country setting. Located along the coveted Highway 550 corridor, this property places you just minutes from shopping, dining, healthcare, and Montrose Regional Airport while offering convenient access to Ridgway, Ouray, Telluride, Black Canyon of the Gunnison National Park, world-class skiing, hiking, fishing, mountain biking, and endless outdoor recreation. Whether you're searching for a luxury mountain home, family compound, investment property, or your forever Colorado retreat, opportunities like this are exceptionally rare. This isn't simply a home—it's a lifestyle. Whether you're relaxing on the deck with mountain views, welcoming guests to the beautifully appointed guest house, tending animals, or enjoying all that Western Colorado has to offer, this remarkable property offers a rare opportunity to own a legacy estate where luxury and adventure meet.