455 High Llama Lane, Durango, CO 81301

Justin D Osborn, The Wells Group of Durango, LLC, O: 970-946-3935, [email protected], http://southwestcoloradoranchbrokers.com/: 10.27 acres in the path of development at the edge of Durango City limits.    No HOA & No Covenants. City of Durango will require annexation for this land that is zoned medium density residential and approved for up to 12 units per acre.  With the average price of a home in Durango now running over $900K, there's plenty of profit margin here for a developer.  Central water and sewer are located just to the south at the corner of High Llama Lane and Wilson Gulch Road.  Annual taxes are $2,094.24.  Adjoining 14.27 acres to the north can be purchased with this property at a package price of $3.6M.  3 bedroom home built in 1981 rented for $1,000 a month through May 1, 2025.  Guest apartment currently rented at $700 a month through May 1, 2025.  No value given to the improvements.