23 CR 222 Durango CO Real Estate

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.