I want more information on this property
La Plata, Colorado
Once in a lifetime opportunity!
Buy and Hold for future retirement or as a gift to the grandkids. Located in the luxury community of Forest Lakes just North of Bayfield, CO, these ten 1-acre parcels are ADJACENT to form your own private 11 acre off-grid mountaintop retreat! Nestled in the highest and most remote corner of the community you're surrounded on TWO sides by the San Juan National Forest. These are the best lots in Forest Lakes!
Did I say lakes? Enjoy quiet boating on the local private lake that is stocked annually, or it's only a short drive to both Lemon Reservoir, Vallecito Lake, and public lands for power boating, fishing, hunting, hiking, and more. Only 7 miles from the town of Bayfield, 19 miles to Durango, 2.5 hours to Telluride.
Take just a short 1/2 mile hike to the peak to take in the full 360 degrees of your own private kingdom. Imagine mountain biking, hiking, jogging, X-Country skiing or ATVing along the flat ridge for miles!
Go rafting on the Animus River in Durango. Join the big local mountainbike scene. To the North you have evergreens and the Purgatory and Telluride ski resorts. To the South you have deserts to explore. To the West is red rock country.
What's the catch? Unit 3's vacant land is awaiting utilities and road clearing. Roads are currently undrivable until the Metro District resumes permitting. Perfect, however, for buying now for future retirement, or a sure-fire inheritance for children.
But wait, there's more! What do you think will happen to the value of vacant land when Unit 3 starts it's utility build-out? That's right. Boom. Your kids will thank you! Lots in the other units with utilities are going for $20,000/acre. Current comps in Unit 3 in the middle of the subdivision are $9000/acre. I'm selling prime forest-facing lots for $7,900/acre with zero interest seller financing or for less than $5,300/acre cash. Beat that!
Valued at $89,000. Motivated! Priced for immediate sale at $59,000. Instant $30,000 equity!
Watch this informative video