Vallecito Lake Lot Off Market in Durango $395,000

Lake Lot Off Market

, , C: , keithmazurrealestate, - : Imagine incredible views out of every window of Vallecito Lake and the Valley with 14,000 foot Mountains to the North, all the while surrounded by an Aspen Forest. Buyer is purchasing 7.59 acres - and receives the use of 4.16 acres as shown. Property has a existing foundation. Home plans are available or buyer may use their own. Well permit is included. Seller retains an exclusive easement on remainder of property. Buyer can acquire the 3.44 acres before the boundary adjustment is approved. (Seller will also take back a 99 year lease on the 3.44 acres remainder only to protect himself for allowable uses.) There is 40.82 acres to be joined with the 3.44 acres on the east to create a total of 44.26 acre single lot. This 44.26 acre is priced to sell at $1,895,000 with well permit included and 2 foundations in place to build on. (reference boundary adjustment drawing.) This property has the advantage of having one of the very best views of the Vallecito Lake the Valley and there is an existing foundation on the property. The road is bladed to each of the Foundations. The Road is sometimes drivable in a car but a 4 wheel drive or an ATV is much better. There is a separate contiguous property available for sale 40.75 acres MLS #792727 The properties have been owned since the early 80s. The seller realizes the long term potential of each of these 2 parcels, However at his age he is not willing to take on the challenges of development of the property.This creates the Opportunity for someone to build their home and enjoy it forever or just sit back and enjoy or try for a development. There is very little undeveloped private land in the Vallecito Valley and this carve out was purchased from the Previous owners of the Vallecito Lake entire Valley who acquired the land back a near Century ago in 1926.The attached Maps show the ultimate Investor possibility and the Foundation sites as well. A Well Permit is available for each of the Parcels. There is a lot of Water and Springs running under the ground,which explains the heavily treed Aspen Forest. Most of Vallecito has been developed with very little private land available. The 2 properties are the 2nd largest parcels still undeveloped at the lake. - Seller will Finance, with no qualifying. 25% Down and a reasonable Interest Rate.