Looking for that great piece of Durango real estate near Lake Nighthorse in the Shenandoah or Trappers Crossing area? Then look no further, because here it is. Spectacular top-of-the-mountain property with tons of Ponderosa pine trees, acres of flat land on which to build adjoining Ute land and State of Colorado land on the west side. Ideal for somebody wanting to do an exclusive family compound because the property is already divided up into 3 separate lots totaling just over 44 acres. Spectacular views of Lake Nighthorse and the absolute ultimate in privacy yet less than 15 minutes to town under normal driving conditions. 
Depending on where you are on the property, you would also have views of Black Ridge, the 14,000 foot peaks near Purgatory and Wolf Creek Pass/the Continental Divide in the distant east. A roughed-in road has been cut to the top of the property and there is so much flatland up there you could easily build a house, barn, riding arena, workshop and still have plenty of room left over. The very first time I showed this property, we chased 25 elk off of this building envelope. The upper envelope of the 35 acre tract is 2.3 acres in size. There is a 2nd building envelope lower down of 2.66 acres in size. The 35 acre tract could be subdivided one time so that you could end up with 4 legally distinct building sites. There is an 800 foot deep high-capacity domestic water well on the largest lot and there is also one Lake Durango Water Authority water tap included. This would be more than adequate water to handle for separate home sites. All 3 of these lots are not technically in the Shenandoah subdivision so the owners created their own covenants, but you could change them since you would own all the lots in the subdivision. Access is over the paved roads in Shenandoah Estates so you do have some road fees to pay, but you are not a part of the Shenandoah or Shenandoah Estates Homeowners Association. The only fees that would be due are any special assessments for road repairs and excessive snow removal in Shenandoah Estates.(Seller currently pays $500 per year for road maintenance.) Seller will split with the buyer on a 50/50 basis the $12,000 in road assessments due at closing. You are committed to abide by the Shenandoah Estates architectural guidelines. This offering is being made with all 3 lots included. If you don’t need all 3 lots, you may want to consider having your IRA buying one or both of the smaller lots and holding them as investments. I would be happy to discuss those procedures with you. Many people are not aware that an IRA or 401(k) etc. can hold real estate in their portfolio.
A large portion of the land to the north and to the east has a conservation easement on it so that will help maintain the natural look and privacy. A portion of the largest lot also has a conservation easement on it. The 3 lots are as follows: Lot 1 is 35.395 acres and has 2012 property taxes of $2499.84; lot 2 is 4.1 acres in size and has property taxes of $1200; and finally, lot 3 is 4.788 acres in size and has property taxes of $1200.
All of us at Team Lorenz of be happy to help you with your search for Durango real estate so please give us a call. For additional information including pictures, plats, copies of covenants etc., please go to the following link: Durango Real Estate near Lake Nighthorse. If this isn’t exactly the property are looking for, please click the following link where you can search our featured land listings as well as the entire MLS database. Durango Real Estate Search
Comments (2)Subscribe to CommentsComment