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$850,000
Est. payment /mo
1 Acres Lot
UPDATED:
11/30/2024 09:04 PM
Key Details
Property Type Vacant Land
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Twin Buttes
MLS Listing ID 785990
Tax Year 2023
Lot Size 1.000 Acres
Acres 1.0
Property Description
Incredible developer/builder opportunity to invest and build the 8 remaining High End Luxury units of The Terraces that have conceptual approval by Twin Buttes DRC. The first 3 units SOLD for a total price of $3.12M back in '19-'20. With an established HOA in place, Dean Brookie architectural designs, soils tests from previous build site, JLYN Interior Designer for previous units, DHM Landscape Architect and Scapegoat Landscaping on board; this is a great opportunity for the next developer. The West Penthouse unit resold recently at 1.45M in 2023. The 3 previous units in the complex consisted of 2 Penthouse units and 1 Interior unit. The Penthouse units are over 3100 sqft with Elevator, over 900 sqft tandem garage, 3 bedroom and 3 and a half bath with every bedroom containing an individual bathroom, and a limited common backyard. The interior unit has over 2700 sqft with Elevator, over 800 sqft tandem garage, 3 bedroom and 3 and a half bath with every bedroom containing an individual bathroom, and a limited common backyard. All units have incredible covered outdoor space. There is opportunity to adjust interior floor plans if so desired and maintain the Colorado-California blend of Mountain Contemporary exterior look of The Terraces. Give us a call today to discuss!
Location
State CO
County La Plata
Zoning Residential Multi Family
Rooms
Family Room Yes
Dining Room No
Exterior
Utilities Available Electricity, Internet, Natural Gas
View Mountains
Building
Sewer Sewer Tap Available
Water Public, Tap Available
Schools
Elementary Schools Park K-5
Middle Schools Escalante 6-8
High Schools Durango 9-12
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Listed by Keller Williams Realty Southwest Associates, LLC
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