7 Rito Hondo Ct Cañon, CO 81120
This stunning 35.5-acre residential lot in the Rito Hondo development near Antonito, Colorado, presents a unique opportunity. Boasting panoramic views and mature trees including Ponderosa pines and aspen, this property offers several ideal building sites. The lot features a flat front sloping gently down to a ravine bordering National Forest land. Electricity is available at the lot line. The sellers are contributing $6,000 towards well and septic installation ($3,000 each). A nearby well (Lot 2) boasts a depth of 400 feet and a yield of 20 gallons per minute (Well Permit # 318075). This information is for reference only; a new well and septic system will be required for this lot. The Rito Hondo development is approximately 10 miles west of Antonito, on the south side of Hwy 17, and is fully fenced with ornamental gates at the north and south entrances. Excellent gravel roads provide year-round access. The HOA fee is $500 annually. The development is surrounded by National Forest, offering abundant wildlife viewing opportunities. Antonito is a 15-minute drive, while Alamosa (with a new hospital) is 45 minutes away. Taos, NM is 1 hour 15 minutes, and Santa Fe, NM is 2 hours away. The property's APN is 613716100007. Review the covenants in the provided documents. Virtual tours and drone videos are available. Asking price is $400,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.