NOT LISTED FOR SALE

117 Needles Way Unit 719 Durango, CO 81301

Estimated Value: $1,886,000 - $2,113,000

4 Beds
4.5 Baths
3,140 Sq Ft
$2,800/mo HOA Fee

Last Sold February 29, 2024

Last sale price $1,790,000 $570 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $13,933/month

38 Days on Market

Highlights

  • Ski Accessible
  • Fitness Center
  • Near a National Forest
  • Durango High School Rated A-
  • Mountain View
  • Clubhouse

About This Home

As of February 2024

THIS IS TRULY ONE OF THE FINEST PENTHOUSE RESIDENCES IN ALL OF PURGATORY RESORT WITH BREATHTAKING PANORAMIC VIEWS AND DIRECT SKI-IN SKI-OUT ACCESS! It was originally designed and constructed for the Duncan family, who were the original developers that started Purgatory Resort and were its owners when it first achieved national recognition as a destination ski resort.This residence is the largest penthouse at the resort and encompasses the entire south wing of the top floor in the Eolus building. With 3,140' of living space all on one level and two living areas, this condominium truly lives and feels like a luxury home. It also has four full en-suite bedrooms all with their own private baths and multiple storage closets for all of your personal belongings should you choose to make it a vacation rental. The views from all of the windows are extraordinary and it offers oversized deck spaces for outdoor entertainment and appreciation of its incomparable vistas. Nothing can ever be built to the south, west or east of this building that would impede these views. This residence faces both the slopes and the Needles Mountains, the signature range of 14,000 peaks that Jean Claude Killy once called "the most beautiful scenery this side of the Italian Alps." It is surrounded by accessible national forest land, over a million acres of it, and it's the ideal basecamp for every mountain adventure. The finest finishes have been used throughout and the unit is being sold fully furnished. Notice the exposed timbers in the living areas and arched ceilings, as well as other architectural features that are exceptionally rare in condominium design and construction. This residence has an outstanding potential as a vacation rental and projections are available upon request. THIS IS A RARE OPPORTUNITY TO OWN A ONCE IN A LIFETIME LEGACY RESORT PROPERTY!

Last Agent to Sell the Property

Phil

Durango Mountain Realty LLC Listed on: 12/01/2023

Last Buyer's Agent

Phil

Durango Mountain Realty LLC Listed on: 12/01/2023

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,876

Year Built

  • Built in 1985 | Remodeled in 2019

HOA Fees

  • $2,800 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Membrane Roofing

Interior Spaces

  • 3,140 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Furnished
  • Vaulted Ceiling
  • Double Pane Windows
  • Window Treatments
  • Wood Frame Window
  • Great Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Mountain Views

Kitchen

  • Breakfast Bar
  • Built-In Double Oven
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Hydromassage or Jetted Bathtub

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • 1 Car Garage
  • Basement Garage

Outdoor Features

  • Balcony
  • Deck
  • Outdoor Gas Grill

Schools

  • Animas Valley K-5 Elementary School
  • Miller 6-8 Middle School
  • Durango 9-12 High School

Utilities

  • Central Air
  • Baseboard Heating
  • Internet Available
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 508924315042

Community Details

Overview

  • Association fees include building maintenance, insurance, sewer, trash, water, snow removal, parking, common area taxes
  • Eolus Condominiums HOA
  • Eolus Condos Subdivision
  • Near a National Forest

Recreation

  • Tennis Courts
  • Community Playground
  • Fitness Center
  • Community Pool
  • Community Spa
  • Park
  • Ski Accessible

Additional Features

  • Clubhouse
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,876

Year Built

Built in 1985 | Remodeled in 2019

Lot Details

0

HOA Fees

$2,800 per month

Listing Details

  • Appliance Inclusions: Range/Oven, Refrigerator, Dishwasher, Washer, Dryer, Disposal, Microwave, Double Oven, Oven-Wall
  • Class: RESIDENTIAL
  • Common Facilities: Club House, Pool, Spa, Tennis Courts, Park, Fitness Facility, Hot Tub, Playground
  • Em Deposit: 50000
  • Em Holder: Title Company
  • Exterior Inclusions: Deck, Gas Grill, Balcony
  • Fronts: Ski Slopes
  • Interior Inclusions: Window Coverings, Wired/Cable TV, All Furnishings, W/D Hookup, Skylight(s), Wet Bar, Vaulted Ceiling, Granite Counters, Jetted Tub, Walk In Closet, Fire Sprinklers
  • Legal Lot Block: Subdivision: EOLUS CDO, PURG VLLG Unit: 501 AKA Unit 719
  • Parcel Id Number: 508924315042
  • Price Per Sq Ft: 570.06
  • Property Description: Borders National Forest, Ski In/Ski Out, Skier Access
  • Real Estate Included: Yes
  • Residence Stories: One Story
  • Residence Style: Contemporary
  • Sale/Rent: For Sale
  • Sold Price Sq Ft: 570.06
  • Street Descriptionaccess: Paved, Public Winter Maintenance
  • Street Designation: Way
  • Type: Condo
  • Hoa Dogs Allowed: Yes-w/restrictions
  • HOA Fees: Yes
  • Internet Service: Yes
  • Other Transfer Fees: Yes
  • Total Taxes Dollar: 6876
  • Year Built: 1985
  • Year Renovated: 2019
  • Foreign Owned Y N: No
  • Prop Description Remarks: THIS IS TRULY ONE OF THE FINEST PENTHOUSE RESIDENCES IN ALL OF PURGATORY RESORT WITH BREATHTAKING PANORAMIC VIEWS AND DIRECT SKI-IN SKI-OUT ACCESS! It was originally designed and constructed for the Duncan family, who were the original developers that started Purgatory Resort and were its owners when it first achieved national recognition as a destination ski resort.This residence is the largest penthouse at the resort and encompasses the entire south wing of the top floor in the Eolus building. With 3,140' of living space all on one level and two living areas, this condominium truly lives and feels like a luxury home. It also has four full en-suite bedrooms all with their own private baths and multiple storage closets for all of your personal belongings should you choose to make it a vacation rental. The views from all of the windows are extraordinary and it offers oversized deck spaces for outdoor entertainment and appreciation of its incomparable vistas. Nothing can ever be built to the south, west or east of this building that would impede these views. This residence faces both the slopes and the Needles Mountains, the signature range of 14,000 peaks that Jean Claude Killy once called "the most beautiful scenery this side of the Italian Alps." It is surrounded by accessible national forest land, over a million acres of it, and it's the ideal basecamp for every mountain adventure. The finest finishes have been used throughout and the unit is being sold fully furnished. Notice the exposed timbers in the living areas and arched ceilings, as well as other architectural features that are exceptionally rare in condominium design and construction. This residence has an outstanding potential as a vacation rental and projections are available upon request. THIS IS A RARE OPPORTUNITY TO OWN A ONCE IN A LIFETIME LEGACY RESORT PROPERTY!
  • Subdv Name: Eolus Condos
  • Unit Suite Number: 719
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 17

Interior Features

  • Dining Room: Kitchen Bar, Separate Dining
  • Bedrooms: 4
  • Flooring: Carpet-Partial, Hardwood, Tile
  • Estimated Total Sq Ft: 3140
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 0
  • Total Bathrooms: 5
  • Fireplace Location Type: Living Room
  • Great Room: Yes
  • Main Level Sq Ft: 3140
  • Master Bedroom Level: Main Level

Exterior Features

  • Windows: Double Pane, Wood
  • Pool: Community
  • Roof: Membrane
  • Views: Mountains

Garage/Parking

  • Garage Type: Basement Garage
  • Garage: Yes
  • Garage Capacity: 1

Utilities

  • Utilities: Electric, Cable TV, Internet, Phone - Cell Reception, Phone - Landline
  • Cooling: Central A/C
  • Electric Supplier: La Plata Electric Association
  • Heating System: Electric Baseboard
  • Sewer Supplier: Purgatory Metropolitan District
  • Water Supplier: Purgatory Metropolitan District

Condo/Co-op/Association

  • HOA: Yes
  • Hoa Inclusions: Building Maintenance, Insurance, Sewer, Trash, Water, Snow Removal, Parking, Common Area Taxes
  • Hoametro Fees: 2800
  • HOA Metro Fees Frequency: Monthly
  • Hoa Name: Eolus Condominiums

Schools

  • High School: Durango 9-12

Lot Info

  • Geo Subdivision: CO

Rental Info

  • Furnished: Furnished

Tax Info

  • Tax Year: 2023

MLS Schools

  • Elementary School: Animas Valley K-5
  • Middle School: Miller 6-8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2023
Closed on
Mar 1, 2024
Sold by
Tuggle Tonya Clyne and Tuggle David Eric
Bought by
East Texas Intermediaries Inc and K & D Cole Family Partnership Lp
Seller's Agent
Phil
Durango Mountain Realty LLC
Buyer's Agent
Phil
Durango Mountain Realty LLC
List Price
$1,795,000
Sold Price
$1,790,000
Premium/Discount to List
-$5,000
-0.28%
Views
33
Current Estimated Value
$2,003,615

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$213,615
Avg. Annual Appreciation
6.54%
Original Mortgage
$1,342,500
Outstanding Balance
$1,326,571
Interest Rate
8.38%
Mortgage Type
New Conventional
Estimated Equity
$677,044

Purchase Details

Closed on
Apr 10, 2019
Sold by
Tuggle Family Revocable Trust
Bought by
Tuggle Tonya Clyne and Tuggle David Eric

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$728,000
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 16, 2017
Sold by
Pickett Patricia Lynn Kellogg
Bought by
Tuggle Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$792,000
Interest Rate
4.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 7, 2005
Sold by
Cooney Properties 26 Llc
Bought by
Pickett Doyle R and Pickett Patricia

Purchase Details

Closed on
Mar 30, 2001
Bought by
Tuggle Family Revocable Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
East Texas Intermediaries Inc $1,790,000 Land Title
Tuggle Tonya Clyne -- Colorado Ttl & Closing Svcs
Tuggle Revocable Trust $990,000 Land Title
Pickett Doyle R -- None Available
Tuggle Family Revocable Trust $690,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open East Texas Intermediaries Inc $1,342,500
Previous Owner Tuggle Tonya Clyne $728,000
Previous Owner Tuggle Revocable Trust $792,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/29/2024 02/29/24 Sold $1,790,000 -0.3% $570 / Sq Ft
01/08/2024 01/08/24 Pending -- -- --
12/01/2023 12/01/23 For Sale $1,795,000 -- $572 / Sq Ft
Source: Colorado Real Estate Network (CREN)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,249 $119,890 -- $119,890
2024 $6,579 $94,940 -- $94,940
2023 $6,579 $98,560 $0 $98,560
2022 $5,995 $106,930 $0 $106,930
2021 $6,072 $88,260 $0 $88,260
2020 $5,079 $75,190 $0 $75,190
2019 $0 $71,640 $0 $71,640
Source: Public Records

Agents Affiliated with this Home

  • Phil

    Seller's Agent in 2024

    Phil

    Durango Mountain Realty LLC

    (970) 946-9984

    161 Total Sales

    Phil
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Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 809592

Colorado Real Estate Network (CREN)

APN: R022555

Colorado La Plata County Durango 81301

117 Needles Way Unit 719, Durango, CO

Not Listed for Sale

Condos

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