23 CR 222, Durango, CO 81303

Description

THREE HOMES • ONE PROPERTY — Income & Multi-Generational Opportunity Minutes from Downtown Durango. Three separate, fully functional homes on one 4-acre micro farm/ranch, priced at what comparable single homes command in the Durango area. With 3,300 sf combined, 5 bedrooms, 4 bathrooms, and proven short-term rental income already in place: • Live in one, rent two — offset or eliminate your mortgage with two income streams • Multi-generational compound — main home, in-law suite, and guest cabin keep family close while everyone keeps their independence • Pure investment play — three turnkey rental units on one deed, one already producing ~$27K/year on AirBNB • Hybrid use — owner-occupied + mother-in-law quarters + short-term rental in any combination Each home sits on its own footprint with separately metered 200-amp buried electric service, giving every residence true independence. All kitchen appliances and washer/dryers convey. Income Already Producing: The Caboose Cabin has generated approximately $27,000 in annual AirBNB revenue for several years with consistent bookings. Owners will sell it fully furnished at additional cost — keep summer reservations live and cash flowing from day one. The Setting & Water: Stunning La Plata mountain range views, dozens of mature trees including fruit trees, and established landscaping on a level, usable parcel near the airport, hospital, and downtown Durango. A domestic well allows for horses, and the property includes 1.5 Class A shares in the Florida Consolidated Ditch Company and 2.9 acre-feet of water in the Florida Water Conservancy District for irrigation — a significant and increasingly rare asset in Southwest Colorado. A well-insulated workshop with dedicated 220-volt service, multiple storage sheds, and a started greenhouse foundation round out the property. HOME #1 — The Farmhouse (1,850 sf • 2BR + study • 2BA) Charmingly restored gothic Victorian originally built in 1898 — the natural choice for owner-occupancy or a premium long-term rental. Updated kitchen and baths, new roof (2026), new windows (2025), new exterior paint (2024) with hand-painted Victorian trim restoration. Western views and sunsets from the front porch and master bedroom picture window; sitting room off the kitchen has a massive east-facing window overlooking the deck — ideal for bird-watching and visits from local deer. Fenced backyard ready for your dogs. HOME #2 — The KIT Custom Home (965 sf • 2BR • 1BA) Built in 2020 — essentially new construction. Vaulted ceilings, roomy kitchen, warm south-facing light, metal roof, and concrete siding for low maintenance. Custom shutters (2022) and a platform lift to the front porch included. Ideal as an in-law suite, adult-child residence, or long-term rental — modern construction and accessibility features broaden the tenant pool considerably. HOME #3 — The Caboose Cabin (475 sf • 1BR + loft • 1BA) — Active Income Producer. Rustic, cozy, and currently generating ~$27K/year on AirBNB. Vaulted wood-finished interior, east-facing porch with flagstone patio, fenced backyard, and landscaped garden made for morning-coffee sunrises. Available furnished at additional cost so bookings continue uninterrupted into the busy summer season. The Bottom Line: At $935,000, you're acquiring three fully independent residences for roughly $283 per square foot of finished living space — before factoring in the 4 acres, water rights, workshop, and existing rental income. Whether you're building a family compound, a short-term rental portfolio, or a mortgage-offsetting owner-occupied situation, this property delivers optionality that's nearly impossible to find in the Durango market. Bring your vision — the infrastructure is already here.

Property Information

Property Features

Financial Details

Directions

From the DoubleTree, start by heading south on Camino Del Rio to connect with US-550 S/US-160 E. Follow US-160 E (also known as the route toward the Durango-La Plata County Airport) for approximately 10.6 miles past the edge of town and passed Elmore's Corner. Turn right onto County Road 225A for 0.5 miles. Turn right onto CR 510 for 0.4 miles, turn right onto CR 222 for 0.8 miles until it dead ends in the cul-de -sace. 23-25-27 CR 222 is on the left.

Affordability Calculator