NOT LISTED FOR SALE

200 Thoroughbred Rd Durango, CO 81303

Estimated Value: $478,436 - $498,000

37.56 Acres
$12,952 Price per Acre
1,636,114 Sq Ft Lot

Last Sold December 16, 2024

Last sale price $900,000

Est. 46% decrease in value since last sale

Current estimated payment $2,564/month

35 Days on Market

Highlights

  • Stables
  • River Front
  • Creek or Stream View
  • Durango High School Rated A-
  • 37.56 Acre Lot
  • Hay Barn

About This Lot

As of December 2024

The most striking feature of this unique Durango property is the breathtaking views of the Florida River valley and the La Plata and San Juan mountains. Perched atop Florida Mesa, this 4-acre unrestricted property offers spectacular vistas of the Florida River, located several hundred feet below. Situated just inside the entrance of the gated community of Florida River Ranch, it was originally Lot #2. The main house, built in 1977, spans approximately 3,000 square feet and has undergone extensive remodeling from 2017 to the present. This original equestrian ranch home features an unfinished basement and boasts a main bedroom with an ensuite bath and soaking tub, located upstairs with a private balcony. The separate guest quarters, added in 2020, are about 1,300 square feet and feature post-and-beam construction with a small basement. Both residences share a "deer-proof" backyard, as well as wells and septic systems. The outdoor space includes over 2,000 square feet of decks and a beautifully manicured bluegrass yard. The owners were drawn to this property for its unparalleled views. Importantly, this property is located outside the HOA, presenting potential for rental use. Inside the main house, the layout features a large Great Room that was an addition to the original structure, making it a two-story space. The open concept kitchen, dining, and family rooms are separated by a half wall and two steps. A wall of windows showcases the stunning valley and backyard views. The laundry area connects the family room to an oversized two-car garage, while an office and a small half bath are conveniently located nearby.Upstairs, the main bedroom features exposed rafters, a walk-in closet, and an ensuite bath with a shower, bathtub, and double vanity. The covered east-facing balcony offers picturesque views of the valley. The other bedrooms are similarly sized, with a recently remodeled hallway bath. The basement serves as a crawlspace beneath the Great Room. The ADU, constructed in 2020, is a Linwood post-and-beam panelized “home kit” set on a solid concrete foundation. It shares septic and water systems with the main house. Originally designed as a five-bedroom structure, the main house is now a four-bedroom, with the ADU functioning as the fifth. The entry area of the ADU features a large wall of windows that frame the breathtaking views. The kitchen is equipped with stainless steel appliances, and a pantry is located conveniently near the bedroom hallway. The ADU bedroom has an ensuite bath with a soaking tub and a sliding door that opens onto a deck overlooking the valley. Upstairs, there are two additional rooms—ideal for a study and den—and another full bathroom with an oversized shower. The small basement houses a water heater and a 300-gallon cistern with a booster pump.This property embodies the quintessential Colorado outdoor experience, surrounded by natural beauty and wildlife, including deer and turkeys frequently spotted nearby. Outdoor activities such as horseback riding, fishing, and winter sports are all accessible from this south Durango location. Purgatory Resort is just an hour away, and the Durango Historic Railroad offers scenic trips to Silverton. The property includes a spacious, shared deer-proof backyard with over 2,000 square feet of composite decking, featuring a 3,500-gallon swim spa. All this overlooks the breathtaking views from 200 feet above the Florida River valley and surrounding mountains. With horse-ready facilities, the property can also serve as a small farm due to its abundant water supply. It comes with senior water rights, providing 1 CFS from a spring that has never run dry, making it ideal for housing around five horses or for small-scale livestock or crop farming. In summary, this property is all about spectacular views in a park-like setting, with ample space and resources, perfectly situated to enjoy all that southwest Colorado and Durango have to offer throughout the year.

Last Agent to Sell the Property

Eric Roark

The Wells Group of Durango, LLC Listed on: 09/29/2024

Last Buyer's Agent

Jarrod Nixon

Coldwell Banker Mountain Properties

Coldwell Banker Mountain Properties

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $298

Lot Details

  • 37.56 Acre Lot
  • River Front
  • Barbed Wire
  • Chain Link Fence
  • Pipe Fencing
  • Level Lot

Property Views

  • Creek or Stream
  • Mountain
  • Valley

Schools

  • Sunnyside K-5 Elementary School
  • Escalante 6-8 Middle School
  • Durango 9-12 High School

Farming

  • Hay Barn
  • 15 Irrigated Acres

Horse Facilities and Amenities

  • Horses Allowed On Property
  • Stables

Utilities

  • Spring water is a source of water for the property
  • Irrigation Water Rights
  • Shared Well
  • Well
  • Septic System

Listing and Financial Details

  • Security Deposit $15,000
  • Assessor Parcel Number 595118400802

Community Details

Overview

  • Association fees include road maintenance, snow removal
  • Florida River R Subdivision

Recreation

  • Shed

Property Details

Property Type

Land

Est. Annual Taxes

$298

Lot Details

0

Listing Details

  • Class: Land
  • Em Holder: Title Company - LtGC
  • Legal Lot Block: Legal DescriptionSection: 17 Township: 33 Range: 9 TR INSW4 Section: 18 Township: 33 Range: 9 TR IN SE4 LOT 3FLA RIVER RANCH PROJ 97-164 PARCEL IN 2 TAX DISTSSEE ALSO R124690
  • Livestock Allowed: Horses
  • Lot Size Acreage: 35-50 Acres
  • Parcel Id Number: 595118400802
  • Street Descriptionaccess: Paved
  • Street Designation: Road
  • Waterfront Type: River/Stream
  • Zoning: Residential Single Family
  • Domestic Sewer: Septic
  • Domestic Water: Shared Well/Spring, Domestic Well, Spring
  • Half Bathrooms: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Estimated Irrigation Acres: 15
  • Estimated Total Acres: 37.56
  • Current Property Use: Horses, Recreation, Mountain Recreation, Fishing Rights
  • Em Deposit: 15,000.00
  • Possible Property Use: Mountain Recreation, Horses, Recreation
  • Water Rights Irrigation: Yes
  • Irr Water Descamnt: 1 CFS
  • Topography: Level, Sloped, Rolling
  • Modularmobile Allow: Both
  • Outbuildngsstructures: Barn, Hay Barn, Equipment Shed, Stables
  • Price per Sq Ft: 0.32
  • Sold Priceacre: 12247.07
  • Water Tap Available: Yes
  • Water Tap Installed: Yes
  • Total Taxes Dollar: 298
  • Prop Description Remarks: The most striking aspect to this unique Durango property is the “stunning” views of the Florida River valley and the La Platas & San Juan mountains as seen in image 1.This property has a portion on top of the Florida Mesa as well as several acres in the valley about 200 feet below with 678 feet of Florida River frontage. It is comprised of 37.5 acres of unrestricted property that serves as the entrance to the gated community of Florida River Ranch of which it was Lot 3 as shown in image 2.This is the separate listing of Lot# 3 both Lots 2 & 3 are listed separately & together; pricing reflects a discount when both are purchased. The owners bought this property because of the amazing views shown. Property is "outside" the HOA pay a gate fee of about $100/yr, so there is potenial for use as rental property. About 14 acres are flat land including mesa top and riverside areas) and the remaining is sloped terrain from the mesa top to the valley 3.The southern portion is on the Mesa that surrounds the paved Thoroughbred Road is mainly flat land with equestrian resources. A 5000 sq ft haybarn and 1500+ sq ft stable 4 with multiple fenced pens with welded iron pipe fencing surround the paved road 5-10. Presently the seven stall Morton Barn (built in the early 1980’s) includes a tack room and 3 stalls have been rebuilt with new floors and separating walls. If we view the Stable from these drone images 11-12 taken from the East a shed and flat terrain are behind. This terrain is about 5 acres, extends north and is the northwest corner of the property 13.Thoroughbred Road turns sharply down to the valley 12 and about a third of the way down is the deeded spring Senior Water Rights with 1 CFS historically never gone dry 14. The drone image 15 shows a view from the valley westward with the approximate property borders outlined and the Florida River frontage. About 3 acres of the land along the river is nearly flat terrain and the river’s edge is higher on the west such that it appears above any floodplain. Images down by the river show the riverfront and bridge 16. The final images are views of the land by the riverfront from Thoroughbred Road 17 and views up at the Mesa top from that same area 18. The original Florida River Ranch property was 600 acres, which was subdivided into lots for the Florida River Ranch subdivision. On the west side of the Florida river Florida Mesa top and slope to the valley, this property was used for the 60 ft right of way of paved portion of Thoroughbred Road down to the valley HOA applies to properties east of the bridge over the Florida River. Lot 3 was on sale this last year $599K but is now being combined with the Lot 2 for this sale, but the owners are open to selling the lots separately separate listings. Because Lot 3 is a separate lot, this can be developed for another residence.. The location of the haybarn is a potential building site on Lot 3 as it has excellent views.This property has everything you want to enhance the Colorado Outdoor Experience as the rural natural beauty,wildlife adjacent to natural avian preserve with deer and turkey seen regularly, horseback riding, fishing, and winter sports activities are available in every direction from this south Durango location. Purgatory Resort is about an hour north.The Durango Historic Railroad has the world-famous scenic railway to Silverton. Incredible sunrises, sunsets and avian species nesting sites for golden eagles in the adjacent cliffs are seen regularly. All of this overlooks the incredible views from 200 feet above the Florida River valley and the surrounding mountains. This property is basically horse ready”, it has space for another residence, or it might be developed into a smaller farm because of the abundant water. Property comes with Senior Water Rights with 1 CFS from a spring that has historically never gone dry. This could comfortably house about, a small livestock or crop farm. cont in addendum
  • Subdv Name: Florida River R
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Full Bathrooms: 0

Exterior Features

  • Fence: Chain Link, Barbed Wire, Pipe
  • Views: Mountains, Valley, Stream/River
  • Waterfront: Yes

Utilities

  • Utilities: Electricity
  • Water Tap Paid: Yes
  • Electric Supplier: La Plata Electric Association
  • Gas Supplier: Propane
  • Irrigation Water District: District Seven
  • Water Supplier: Well
  • Water Well: Yes
  • Well Permit Number: 162726

Condo/Co-op/Association

  • Hoa Inclusions: Road Maintenance, Snow Removal

Schools

  • High School: Durango 9-12

Lot Info

  • Geo Subdivision: CO

Tax Info

  • Tax Year: 2023

MLS Schools

  • Elementary School: Sunnyside K-5
  • Middle School: Escalante 6-8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 29, 2024
Closed on
Dec 16, 2024
Sold by
Glant Michael and Glant Eileen
Bought by
Suarez Lauren and Coutinho Lenilson
Seller's Agent
Eric Roark
The Wells Group of Durango, LLC
Buyer's Agent
Jarrod Nixon
Coldwell Banker Mountain Properties
List Price
$525,000
Sold Price
$460,000
Premium/Discount to List
-$65,000
-12.38%
Views
7
Current Estimated Value
$486,479

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,479
Avg. Annual Appreciation
5.47%
Original Mortgage
$3,375
Outstanding Balance
$283
Interest Rate
1.5%
Mortgage Type
Construction
Estimated Equity
$486,196

Purchase Details

Listed on
Sep 29, 2024
Closed on
Dec 12, 2024
Sold by
Glant Michael and Glant Eileen
Bought by
Suarez Lauren and Coutinho Lenilson
Seller's Agent
Eric Roark
The Wells Group of Durango, LLC
Buyer's Agent
Jarrod Nixon
Coldwell Banker Mountain Properties
List Price
$525,000
Sold Price
$460,000
Premium/Discount to List
-$65,000
-12.38%
Views
7

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,375
Outstanding Balance
$283
Interest Rate
1.5%
Mortgage Type
Construction
Estimated Equity
$486,196

Purchase Details

Closed on
Oct 19, 1998
Bought by
Glant Michael and Glant Eileen
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Suarez Lauren $460,000 Land Title Guarantee
Suarez Lauren -- None Listed On Document
Glant Michael $565,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Suarez Lauren $3,375
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/16/2024 12/16/24 Sold $900,000 +95.7% $215 / Sq Ft View Prior Sale
12/16/2024 12/16/24 Sold $460,000 -12.4% --
11/03/2024 11/03/24 Pending -- -- --
11/03/2024 11/03/24 Pending -- -- --
09/29/2024 09/29/24 For Sale $525,000 -47.5% --
09/28/2024 09/28/24 For Sale $1,000,000 -- $239 / 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 $281 $7,520 $3,400 $4,120
2024 $242 $5,520 $2,830 $2,690
2023 $242 $6,740 $3,460 $3,280
2022 $284 $7,370 $3,780 $3,590
2021 $286 $6,590 $2,730 $3,860
2020 $273 $6,470 $2,590 $3,880
2019 $252 $6,470 $2,590 $3,880
2018 $238 $6,100 $2,340 $3,760
2017 $298 $7,800 $4,040 $3,760
2016 $272 $7,720 $4,040 $3,680
2015 $259 $7,720 $4,040 $3,680
2014 $259 $7,530 $4,040 $3,490
2013 -- $7,530 $4,040 $3,490
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 818381

Colorado Real Estate Network (CREN)

APN: R024690