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117 Ponderosa Ridgway, CO 81432
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Key Details
Sold Price $1,038,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 14,528 sqft
Price per Sqft $71
Subdivision Fairway Pines
MLS Listing ID 2916880
Sold Date 11/26/21
Style Chalet, Mountain Contemporary, Rustic Contemporary
Bedrooms 10
Full Baths 5
Half Baths 4
Condo Fees $400
HOA Fees $33/ann
HOA Y/N Yes
Abv Grd Liv Area 14,000
Originating Board recolorado
Year Built 1983
Annual Tax Amount $4,900
Tax Year 2019
Lot Size 3 Sqft
Acres 3.38
Property Description
Introducing "The Keep" Ridgway CO (Telluride)
Simply put, there is nothing else like it in the Telluride/Ouray region. Zoned Commercial (Multi-Use or Mixed Use or 100% Residential), this substantial 14,500+foot structure is ready for your vision!
Just 38 miles to Telluride, as you pass Ralph Lauren's Ranch or 14 minutes to the local Hot Springs resort. The lot is 3.2+ acres with future building potential (country store or garages etc ) The lot borders open space to the North and the Golf Course abuts it to the East. This stellar location includes a breathtaking backdrop of the jagged Cimmarron’s / San Juans and the 14,000 ft Mt Sneffels. The parcel comes with a "founding membership"of the Divide Ranch & Clubs Award-winning 18 hole Golf Course (subject located on the 3rd-4th Holes) and HOA membership.
This was the original corporate residences of the golf developer in 1983,(formally Fairway Pines), and has been resurrected with many recent improvements: a fitness center /Gym /ADU-rental unit /residence / new flooring / turf /decking/ Bar / flooring / entertainment area and stage /indoor basketball, 2 tennis courts / putt putt / 2 climbing walls and batting cages and golf driving.
The extensive improvements include, but not limited to ADA compliance modification in 2012, new roof 2012 , newer engineered septic and also conversion to natural gas.
The possibilities for highest and best use and zoning include :Brewpub/Distillery/Medical Marijuana MMJ/, Country Store, Offices, Commercial Lodging, Professional/Medical and even a gas station! A wedding planner and events/retreat /music live work play layout seems very easy! The prior sprawling indoor salt water pool (2,400 feet) can easily be brought back into compliance, currently its set up as a music venue/sunken entertainment area.
This is truly an incredible lifestyle-live-work opportunity ,for the visionary as there is not another live work play structure for 20 miles in the county/ town or region.
Location
State CO
County Ouray
Zoning mixed use commerical
Rooms
Main Level Bedrooms 10
Interior
Heating Baseboard, Electric, Forced Air
Cooling Air Conditioning-Room, Attic Fan
Fireplace N
Appliance Cooktop, Dryer, Electric Water Heater, Gas Water Heater
Exterior
Exterior Feature Balcony, Barbecue, Dog Run, Fire Pit, Gas Grill, Lighting, Playground, Spa/Hot Tub, Tennis Court(s), Water Feature
Fence None
Utilities Available Cable Available, Electricity Connected, Internet Access (Wired), Natural Gas Connected, Phone Connected
View Golf Course, Meadow, Mountain(s)
Roof Type Metal
Total Parking Spaces 50
Garage No
Building
Lot Description Fire Mitigation, On Golf Course, Open Space, Sprinklers In Front
Sewer Septic Tank
Water Private
Level or Stories Two
Structure Type Frame, Metal Siding, Other
Schools
Elementary Schools Ridgway
Middle Schools Ridgway
High Schools Ridgway
School District Ridgway R-2
Others
Ownership Corporation/Trust
Acceptable Financing 1031 Exchange, Cash, Conventional, Jumbo, Other
Listing Terms 1031 Exchange, Cash, Conventional, Jumbo, Other
Special Listing Condition None
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6455 S. Yosemite St., Suite 500 Greenwood Village, CO 80111 USA
Bought with NON MLS PARTICIPANT