Floyd Magee, Real Estate Broker Serving Ridgway, Ouray, and Telluride

Ridgway Owner Offers Roughly $9million Asset for $7.2million!!

Floyd Magee (RE/MAX Cimarron Realty) — Wed, 20 Aug 2008 15:27:37 -0500

Today's asking price...$7.2million. That's approximately $2million under construction costs! This 15,000sqft home was constructed by Old West Builders and took years to complete. As yo ucan imagine the list of amenities and custom workmanship is to long to go into here. There isn't a more spectacular home in the region. A similar style home in the Telluride region would easily cost over $2000 a square foot. So this home at $480a sqaure foot is truly unbelieveable. When it first listed at $8.5million the Telluride crowd got to the punch first. A broker from Telluride brought in a group who were going to run a retreat at the site. Due to uncertain economical conditions they had to reevaluate their position and have since left the negotiating table.

According to the listing broker in our office the owner, R & R Ranch, have put over $9million into the project and have had unexpected circumstances that require the property to be sold. The home is an absolute stunning masterpiece that outperforms many homes even in the Telluride region. It also has a 5,600sqft shop/barn area with a well appointed 2bedroom living space. There is an open house at the property at the end of August. It sits on 27acres and boasts some of the most amazing views in the United States. The home is listed out of our office, RE/MAX Cimarron Realty, LLC. I am not the listing broker, however I would love to take any interested party through the property on a private tour.

FOR MORE INFORMATION email me @ floydmagee@remax.net

You can also CLICK HERE for detailed Multiple Listing Information.

Divide Ranch Scores Win in Appellate Court

Floyd Magee (RE/MAX Cimarron Realty) — Mon, 18 Aug 2008 11:05:46 -0500

"The latest episode of "As the Clubhouse Turns" is in: the Colorado Court of Appeal overturned a district court ruling that gave dues of the Fairway Pines Estates Owners Association to the owners of the original clubhouse at what is now Divide Ranch & Club."Ouray Plaindealer August 13th 2008 Edition

FULL STORY

The ongoing saga of the old Fairway Pines clubhouse turned in the favor of the new developer, Equilibrium Resorts, last week. When I read the article of the Colorado Court of Appeals overturn, I wasn't all that surprised. I'm not a member of the golf course resort, or an attorney, but the previous decision didn't seem to make a lot of sense. It was hard to imagine how the new owner, Stategic Real Estate Group, or the individual members of the resort, would allow 50% of their dues to continue to be paid to the old "temporary" clubhouse. Especially with the new one up and running and offering an obviously better experience than the temporary one.

I'm not trying to be hard on the old club, but it seemed like something that was not good for the development, or the area in general. I realize that the owners bought the club with possibly good intentions, although I don't know them personally. However, to continue to disrupt the progress of something that most people I talked to were very excited about, seemed a bit off center. So, I for one, am hoping that the continued legal process wrapping up these proceedings will see an end to the turmoil, and a fresh beginning for the future of Divide Ranch & Club for years to come.

Cornerstone Colorado Teeing Off

Floyd Magee (RE/MAX Cimarron Realty) — Thu, 17 Jul 2008 11:40:37 -0500

"Cornerstone is 6,000 acres of perfect Colorado only a short drive from Montrose and Telluride. A

private club offering Greg Norman golf, stables, casual dining, extensive trail system and a mountain

club in Telluride - with two clubhouses, fine dining, tennis court, and pool planned. Cornerstone

provides Pioneer Hospitality for all to enjoy. Bring your children, your horses and your golf clubs and

stake your claim. Homes and Homesteads from 1⁄4 acre to over 100 acres."

Courtesy of The June 2008 Cornerstone Newsletter.

Cornerstone Golf Resort is teeing off on it's 18 hole championship course this summer. The course manager Tom Huesgen, and Project Manager Brian Wallin, teed off recently. The courses Club House and several private residences with the golf foursome cabins are being built this summer.

Cornerstone is a exclusive development on the mesa north of Ouray County. The land is absolutely stunning and Greg Norman has designed a course that will take your breath away. The lots available range from 1/4acre village core lots around $300K, to 130acre ranch site for just under $2million. For the most current information on the course visit www.cornerstonecolorado.com . As a local real estate professional I would be more than happy to provide you with a private tour of the development and answer any of your quesitons.

Shermans Travel, "Top 10 Scenic Drive in the U.S."- We Made The List!

Floyd Magee (RE/MAX Cimarron Realty) — Thu, 05 Jun 2008 16:40:04 -0500

The following is an article a few weeks ago hosted on yahoo.com. I have been trying in as many ways as I can to get my friends and family, that haven't yet driven this stretch, to understand the beauty they are missing out on. If you like dozens of waterfalls cascading down the mountains, aspen groves, raging rivers, and wildlife galore, all at 8000-11000ft+ elevation, then you HAVE TO GO ON THIS DRIVE.

"Million Dollar Highway

Despite varying explanations as to the origin of its name (one claims it cost $1 million a mile to build in 1924; another says it contains $1 million in gold ore), there's no disputing the fact that the 75-mile stretch of scenic highway known as Million Dollar Highway is a breathtaking journey through the majestic mountain passes of western Colorado. Crossing part of the San Juan Skyway Scenic Byway, and following route U.S. 550 between the old mining towns of Silverton and Ouray, the route's twists and turns wend high above the Red Mountain Pass - an 11,018-foot-high collapsed volcano whose lava flow was found to contain gold in 1860 - and past the deep Uncompahgre Gorge, into which flow several waterfalls. As you continue to slice through the mountainside, winding along hairpin switchbacks (which tend to lack guardrails) and following old stagecoach paths, this route bears witness to the area's now-defunct mining operations; you can even stop in Silverton to admire the town's historic Victorian style buildings, some of which date back to 1874. That said, the real beauty of this trip is its elevated "million dollar" sights: Stunning views of the never-ending country-side, landscapes of springtime wildflowers, and vast terrain where elk, mountain goats, black bears, and deer roam freely - truly the picture-postcard image of the great American outdoors."

My friend and I found the above article on Yahoo! and have been using it to "encourage" others to make their summer a little brighter by coming over from Durango to Ridgway. It's only 2 hours and is truly one of the most beautiful, especially now with spring run off, sites in the country.

Telluride has nothing on this

Floyd Magee (RE/MAX Cimarron Realty) — Fri, 25 Jan 2008 14:09:30 -0600

Buying a luxury estate in Telluride Colorado can easily be a $1500+/sqft ordeal. That's why when a broker out of our office, Adam Trujillo, listed this Ouray County mountain estate for $9,500,000, 15,000sqft and a 5,000sqft shop, heads started to turn our direction. A Telluride broker and his client are looking very seriously at the property for the third time tomorrow. Ouray County's most expensive single family home may sell faster than the average $500K home. Reportedly the Telluride client is downsizing from a property he just sold for much more than this. Here are few photos of the Ouray County, Pleasant Valley, home. The views are some of the best in the San Juan mountain region:

How Colorado Built Green Ruined My Home!

Floyd Magee (RE/MAX Cimarron Realty) — Thu, 24 Jan 2008 17:07:30 -0600

I am marketing Ouray County's first ever Colorado Built Green Certified Home. All I can say is that this experience is ruining my satisfaction with my current residence, in a good way! After spending hours with the builder, Scott Bridger of Bridger Construction Services Inc., going over the homes specs, and how it receives the Built Green approval, I could just feel the money pouring out of my not so "tight" home. To add insult to injury I just completed the Vaned course Building Green: The High Performance Home. Nothing like hours and hours of why most homes aren't very efficient to make you look critically at yours. Just look at this insulation slide:

Don't get me wrong. I love my home. But, after you begin to understand what Building Green can do in terms of energy efficiency, durability, and comfort it may ruin you from buying anything else. Does it cost a little more to build? Sure. However, the level of comfort someone can have knowing that their home is not wasting any energy, was not wasteful in production, and will stand the test of time is incredible. It simply has to be the way all residential construction is headed...fast. The Ouray County Watch paper is doing a special on Building Green and the home in their January 29th issue.

Building Green has so many layers and is such a great concept that I think I'll leave it up to the experts to tell that story. A lot of folks think it's just more insulation or energy star rated appliances. Visit the website for detailed information. Let me warn you though...it may cause you to sell your home and find the closest "Green" builder tomorrow.

Identity Theft Protection

Floyd Magee (RE/MAX Cimarron Realty) — Thu, 20 Sep 2007 16:29:28 -0500

If you have ever sat up at night and worried about someone stealing your identity and racking up huge amounts on your credit cards, worry no more. I just read a great article called Stop Identity Theft-Freeze Your Credit

I am filling out the forms today and sending them of to the credit agencies. I don't plan on applying for anything in the next year, and I don't want anyone else doing it in my name. I just had my first fraud email last week that tried to steal my Wells Fargo account information.

You definitely need to read this article and think seriously about whether or not a freeze on your credit is a good idea. It's easy to remove and may save you some serious heartache down the road.

Last Dollar Ranch Goes to Highest Bidder

Floyd Magee (RE/MAX Cimarron Realty) — Sun, 16 Sep 2007 17:31:02 -0500

Two of Southwestern Colorado's most distinctive properties, Last Dollar Ranch and The Eagle's Nest, are going to the highest bidder October 11th, 2007. My wife received an invitation in the mail to the Absolute Auction, by premier auction company JP. King, today. Not exactly sure how we got on the list, but hey, at least now I can tell you all! They have filmed dozens of well known commercials for Marlboro, Budweiser, etc. at this amazing ranch.

The owners, Double Shoe Cattle Company, whos president is Vince Kontny, have made both properties into some of America's most fabulous and beautiful restored properties ever. Both properties can be viewed starting September 23rd from 10am until 5pm, running until October 10th.

For a full list of photos of both properties and all the restoration information visit:

http://www.the-eaglesnest.com/

http://www.lastdollarranch.net/

Bank of America's No Cost Refinance

Floyd Magee (RE/MAX Cimarron Realty) — Thu, 06 Sep 2007 22:28:31 -0500

I just heard about a new loan incentive that BofA is offering. I am still checking out the details but wondered if anyone else has heard of it. They, BofA, are offering to refinance a loan in the next six months for free if it can get you something 1/2percent or better of a rate reduction.

I just heard about this through another local broker who met a Bank of America Senior Loan Officer, Steve Bensinger, at the NAR meeting in Chicago. It came in useful today because I have some clients that are buying a home and worry that because of the sub-prime mess they may not get a good rate today, where the rates may be better in a few months once it all settles down.

Still checking out the details but sounds like it might be some good news for mortgages in light of all the recent bad publicity. I would love to hear form anyone who has used this or heard of it.

Divide Ranch & Club Breaks Ground

Floyd Magee (RE/MAX Cimarron Realty) — Tue, 21 Aug 2007 10:47:52 -0500

Today is an historic day in the over ten tumultous year history of the golf course community formally known as Fairway Pines on Log Hill Village. Last year Heritage Inn & Suites purchased the entire development for $15million just minutes before the Planned Unit Development was going to be revoked by Ouray County Officials for failure to finish the plat requirements. Ever since then Strategic Real Estate Group, the managing partner of Heritage Inn & Suites, has overseen the improvements on and off site of the course.

Divide Ranch & Club is breaking ground today at 1pm MST on Phase I of the new club house with food and a ceremony in the afternoon. Phase I will consist of a golf shop facility and a clubhouse with a commercial kitchen and bar & grill. The excavator shows up tomorrow morning at 9am to begin clearing the site. There were many meetings and tons of Log Hill Village and Divide Ranch property owners meetings providing opportunities for the new deveopment owners to hear public input on what they hoped to see in the next few years.

To read the full story click here.

Dennis Weaver Memorial Park

Floyd Magee (RE/MAX Cimarron Realty) — Tue, 21 Aug 2007 10:45:49 -0500

This Saturday, August 25th, Gerry Weaver will donate the 60acre Dennis Weaver Memorial Park to the Town of Ridgway. It is a fitting testimony to the spirit that the Weaver's have always had towards this little corner of Colorado. The ceremony is open to everyone and will not be one to be missed. The 60acre park is part of the Riversage Subdivision recently approved through the Ridgway Town Council for 19 clustered home sites on approximately 160acres. The home sites will be available for sale once Final Plat is recieved and will more than likely be $300,000 and up for roughly 2acre sites.

Full Story

Ridgway's 21st Annual Sunday In The Park

Floyd Magee (RE/MAX Cimarron Realty) — Mon, 09 Jul 2007 17:43:27 -0500

Whew! I coordinated this years church in the park event and what a challgene that was. Thank goodness it all come together and I might even sign up to do it next year.

A great time was had by all who came out for this annual Fourth of July event. From all the cooks on Saturday who helped make food for 400+ people, to all the sponsors who gave their time, energy, and resources, it truly was a community event. The music and message were inspiring and very well done. We look forward to mext years event when we can have more activites for the children such as, water balloon fights, gunny sack races, face painting, and more.

The Beaumont Hotel In Ouray Colorado

Floyd Magee (RE/MAX Cimarron Realty) — Fri, 06 Jul 2007 16:37:39 -0500

The Beaumont Hotel, masterfully restored, in Ouray is now being offered for $4.8million. The King's bought the hotel after it had been abandoned for over 30 years. It has recieved numerous state and national awards. They have since spent over $8million in renovations and have made the structure one of the most beautiful hotels in Colorado. After owning the hotel for more than five years the King's are moving back to California and looking to pass the torch on to a new owner.

Below are some recent photos of the hotel and some of the amenities.

Anyone got a hotel developer?

Floyd Magee (RE/MAX Cimarron Realty) — Fri, 06 Jul 2007 15:19:40 -0500

I have a 1.5acre tract of land at the intersection of State Hwy 62 to Telluride (35miles) and State Hwy 550 in Ridgway. The region is ripe for another hotel and my guy will sell for $15/sqft. If anyone has someone who may be interested don't hesitate to call me. It's not listed.

Ridgway's Fractalia Wins Semi-Final Round

Floyd Magee (RE/MAX Cimarron Realty) — Fri, 06 Jul 2007 13:05:33 -0500

Local group Fractalia won the semi-final round of battle of the bands last night in Grand Junction, CO. They went up against a band who has played together for over 20 years, soul aggression. The music was loud and the crowd was the largest yet for this years battle of the bands. The finals will be next week at Rum Bay's bar and the winner goes on to open for Rock Jam 2007. The headliner in Rock Jam this year Def Leapord. Also at the show will be Quiet Riot, The Guess Who, Chicago, Crisis, Saliva, Jonny Lange, Foreigner, and Styx. It will be a great opportunity for Fractalia, if they win, to get some awesome exposure and meet some legends.

Ouray County Fourth of July 2007

Floyd Magee (RE/MAX Cimarron Realty) — Thu, 05 Jul 2007 16:05:46 -0500

Well it was as good as it can really get. We had clear skies and temperatures in the low 60's when the show started. Hearing the fireworks go off in box canyon is just a something that must be experienced to be appreciated. Each one echoes all the way down the valley. The park was full and kids were spread out everywher watching the extra little firework shows on the sidewalk. We had about 50 people from our church camped out in the grass with food, games, and more than one dog:).

Here are some photos from last years event.

True Grit

Floyd Magee (RE/MAX Cimarron Realty) — Sat, 30 Jun 2007 22:10:22 -0500

If you've ever seen the movie then you know what I'm talking about. It's a eye patch wearin', gun slingin', don't mess with me while I'm drinkin' my whiskey kind of attitude. True Grit was filmed in our town almost 40 years ago and this fall there may be a sort of reuniting in Hartwell Park. The Ouray News just reported today efforts to bring back members of the cast and other hollywood names for what could be the largest event inside the town limits. I'm not sure our little town can handle the crowd, but I'm sure we'll find a way. There are a lot of hurdles yet to be cleared, so stay tuned and mark your calendars for history in the making this September. It's the same weekend as the Imogene Pass Run which certainly describes individuals with some serious true grit.

Ouray County Colorado

Floyd Magee (RE/MAX Cimarron Realty) — Fri, 29 Jun 2007 12:07:09 -0500

Ridgway is known as the "Gateway to the San Juan Mountains." One drive into town coming south from Montrose, 25 miles to the north, and you'll see why. The San Juan Mountians burst onto the scene when you are 90minutes north turning south from Grand Junction. As you make your way through Delta, Olathe, and then Montrose it starts to get more exciting. By the time you make it to Ridgway it will be important for you to not lose sight of the fact that you are driving :).

Ridgway is at the center of Ouray County where hwy 550 and hwy 62 intersect. It's the only stoplight in the County. Ouray is 10miles south and Telluride is 35miles west. We have about 800 full time residents in our little town, and 4500 residents in the whole county. Being a young father and husband I was concerned about what life might be like here, but a Saturday trip to the town park, Hartwell Park, relieved all of that. We have more young couple friends with kids here than we ever had in Farmington, NM. It's a place where most enjoy getting out and connecting.

Local Events include the one of the worlds best ice climbing festivals, the Ouray Ice Climbing Festival in box canyon. Every January travelers from all over the world come to test their skills against local pros. Of course the winter time offers some of the worlds best skiing at the Telluride Ski Resort. Rapidly becoming one of the best ski resorts Colorado has to offer with all the luxurious amenities Mountain Village has to offer.

If it's golfing you're after the Divide Ranch & Club located on Log Hill Mesa just 5 miles from Ridgway is absolutely amazing. Purchased in 2006 by Heritage Inn & Suites of Kansas City for $15million this resort spot is on it's way to redifining the areas golf scene. A few miles north is the Greg Norman desiged Cornerstone Ranch golf course. An over 6000 acre golf resort with horse facilities, hiking, and every amenity that high end resorts can offer, all at 8500ft+ with aspens and mountian views galore. Next door is the Hideout Lake resort. The golf course is a signature Jack Nicholaus design. There are also half a dozen well designed and thought out courses in the city of Montrose 25 miles north.

Whatever you're looking to do in Colorado not only can you find it in our region, but you can probably find the best of it.

861 Pine Drive, Ridgway, Colorado, 81432

Floyd Magee (RE/MAX Cimarron Realty) — Thu, 28 Jun 2007 23:49:37 -0500

Floyd Magee | RE/MAX Cimarron LLC | 970-729-0531

816 Pine Drive, Ridgway, CO

Escarpment lot overlooking valley floor with Cimarron and San Juan
Mountain views.

1.9 acres Vacant Land

offered at $250,000

Lot Size

1.9 acres

DESCRIPTION

Amazing view lot adjacent to Divide Ranch & Club golf course.

see additional photos below

LOCATION FEATURES

Paved access

OTHER SPECIAL FEATURES

Utilities In

ADDITIONAL LINKS

Map of property

Mortgage calculator

ADDITIONAL PHOTOS

Seller contact info:

Floyd Magee

RE/MAX Cimarron LLC

970-729-0531

For sale by agent/broker

Equal Opportunity Housing

Posted: Jun 28, 2007, 7:55pm PDT

Rare River Frontage Parcel With San Juan Mountain Views

Floyd Magee (RE/MAX Cimarron Realty) — Thu, 28 Jun 2007 23:45:31 -0500

Floyd Magee | RE/MAX Cimarron LLC | 970-729-0531

Hwy 550, Ridgway, CO

Rare river frontage parcel with elk fenceing and 8' pedestrian path to Ridgway Reservoir State Park. Huge views.

3.5 acres Vacant Land

offered at $299,000

Lot Size

3.5 acres

DESCRIPTION

Lot borders a year round spring fed trout pond. Watch Heron, Eagles, and deer from your home.

see additional photos below

LOCATION FEATURES

River Frontage

OTHER SPECIAL FEATURES

Highway Frontage

ADDITIONAL LINKS

Map of property

Mortgage calculator

ADDITIONAL PHOTOS

Seller contact info:

Floyd Magee

RE/MAX Cimarron LLC

970-729-0531

For sale by agent/broker

Equal Opportunity Housing

Posted: Jun 28, 2007, 7:51pm PDT

49 Acres of Staggering Beauty From Every Angle

Floyd Magee (RE/MAX Cimarron Realty) — Thu, 28 Jun 2007 23:38:44 -0500

Floyd Magee | RE/MAX Cimarron LLC | 970-729-0531

County Road 5, Ridgway, CO

Agricultural zoning with front row seats to the San Juan Mountain range and 360 degree views of Aspens and Valleys.

49 acres Vacant Land

offered at $2,500,000

Lot Size

49 acres

DESCRIPTION

Underground phone and electricity to the property line. Unrivaled views of one of the most photographed mountian ranges in the world.

see additional photos below

LOCATION FEATURES

Seven Miles from Ridgway on County Road 5

OTHER SPECIAL FEATURES

35 Miles from Telluride and World Class Skiing

ADDITIONAL LINKS

Map of property

Mortgage calculator

ADDITIONAL PHOTOS

Seller contact info:

Floyd Magee

RE/MAX Cimarron LLC

970-729-0531

For sale by agent/broker

Equal Opportunity Housing

Posted: Jun 28, 2007, 7:24pm PDT

2011 Pleasant Hills Court, Ridgway, CO, 81432: Estate Property Near Telluride

Floyd Magee (RE/MAX Cimarron Realty) — Thu, 28 Jun 2007 19:02:35 -0500

Floyd Magee | RE/MAX Cimarron LLC | floydmagee@remax.net | 970-729-0531

2011 Pleasant Hills Court, Ridgway, CO

Estate Property Near Telluride

4 Bdrm Single Family House

offered at $1,395,000

Year Built	2002
Sq Footage	4,336
Bedrooms	4
Bathrooms	3 full, 1 partial
Floors	2
Parking	2 Car garage
Lot Size	4.5 acres
HOA/Maint	$12 per month

DESCRIPTION

Located in the regions most desired area with 360 degree views of two mountian ranges. 35miutes to Telluride, CO. Fire proof and no maintenance fiber-cement siding. 200 gallon hot water tank, boiler system for in floor radinat heat with a hot water recirculating system. Jacuzzi tub, fire pit, and archery range outdoors. Oversized 9' double doors on garage. Two bonus rooms above garage could be converted into seperate apatment. HOA covenants allow for guest home to be built on property. The master suite could easily be expanded into the guest bedroom to make the entire west wing of the home a master suite. An air exchanger unit to keep the inside air fresh.

see additional photos below

PROPERTY FEATURES

Central heat	Fireplace	High/Vaulted ceiling
Walk-in closet	Tile floor	Living room
Bonus/Rec room	Office/Den	Dishwasher
Stove/Oven	Microwave	Attic
Laundry area - inside	Balcony, Deck, or Patio	Yard

COMMUNITY FEATURES

Garage parking

OTHER SPECIAL FEATURES

45 Minutes to world class skiing in Telluride

10 Minutes from Divide Ranch & Club Golf Resort

30 Minutes from Montrose

Walking trail to miles of Open Space

Platted Subdivision with view protection

ADDITIONAL PHOTOS

Seller contact info:

Floyd Magee

RE/MAX Cimarron LLC

floydmagee@remax.net

970-729-0531

For sale by agent/broker

Equal Opportunity Housing

Posted: Jul 4, 2007, 9:18am PDT

Just Another Reason

Floyd Magee (RE/MAX Cimarron Realty) — Thu, 28 Jun 2007 15:03:44 -0500

This photo is just another reason why I'm here. This is the Ridgway State Park, opened around 1989, and becoming an ever popular place for water enthusiasts in the Southwest region.

Hello World!

Floyd Magee (RE/MAX Cimarron Realty) — Thu, 28 Jun 2007 14:56:34 -0500

I learned of this blog directory from the RE/MAX International website and am very excited to be joining everyone. I live and work in Colorado's most beautiful region, the Southwest, and look forward to introducing all of you to our area, and getting to know yours as well.