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Property profile & analytics
OFF-MARKET
Land

0285 Rio Grande Club Trl South Fork, CO 81154

16.48 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 16.48-acre parcel in South Fork, Colorado, presents a remarkable opportunity for residential development. Located within the Village at Alder Creek Phase 2, this raw, unplatted land boasts pre-existing approvals for up to 106 duplex units, offering significant potential for high-density residential construction. The property is situated in the desirable South Fork Ranches neighborhood, a short distance from the Rio Grande Club Resort, which features an 18-hole championship golf course, clubhouse, tennis courts, swimming pool, fitness center, and restaurants. The convenient location is less than a half-mile from Highway 160 and approximately a half-mile from the town of South Fork, offering easy access to amenities and transportation. Alder Creek forms a natural boundary along the western edge of the property, adding to its scenic appeal. The northern boundary is County Road 15, providing convenient access. The property's proximity to the Rio Grande River further enhances its desirability. While initially approved for 106 duplex units, current building codes may necessitate a revised site plan to determine the final number of permissible units. The asking price is $2,500,000, and the seller is open to partial financing. This presents a unique investment opportunity in a rapidly growing area with high demand for residential properties, particularly those suitable for short-term rentals given the area's popularity as a vacation destination. The property's location offers easy access to outdoor recreation and is within reasonable driving distance of several major Colorado cities, including Durango, Salida, and even Denver.

Property profile
Verified
Property type Land
Lot 16.48 ac (717,869 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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