400 Palomino Trail Unit 101 and 201 Ridgway, CO 81432
Estimated payment $6,461/month
Total Views
11,082
3
Beds
2
Baths
1,952
Sq Ft
$576
Price per Sq Ft
Highlights
- RV or Boat Parking
- Mountain View
- Furnished
- Ridgway Elementary School Rated A-
- Deck
- Double Pane Windows
About This Home
Unique Multi-Use Property in Ridgway – Prime Commercial & Residential Opportunity Seize this rare opportunity to own one of Ridgway’s most versatile and intelligently designed properties! This exceptional General Commercial/Multi-Use building is a testament to thoughtful planning, blending Old West charm with modern efficiency. Whether you're an entrepreneur, investor, or someone seeking a live/work space in the Ridgway, Ouray and Telluride area, this property offers unparalleled flexibility. Maximize Income Potential with Smart Zoning Strategically built within Ridgway’s General Commercial zoning, this property is currently configured as two distinct residential and commercial rental units: Lower Level: A commercial space that allows for short-term rentals (up to 29 days) or a variety of business uses, including retail, office space, professional services, breweries, art galleries, or even light manufacturing. Upper Level: A beautifully finished residential unit, ideal for long-term living or short-term vacation rentals (VRBO/Airbnb) under a Ridgway short-term rental license. With this dual-purpose setup, you can generate rental income from both floors or utilize one as a residence while running a business from the other—a rare find in Ridgway! Designed for Efficiency & Timeless Appeal Built with a classic "Old West" aesthetic, this property blends seamlessly into the vibrant Ridgway community while offering: High-quality materials & craftsmanship, covered parking & dual entrances for convenience, expansive porches & decks designed for privacy and stunning views, landscaped grounds with mature trees & perennials, state-of-the-art heat pump system for efficient heating, cooling, and air filtration. With an impressive building footprint and room to expand, this property presents a prime opportunity for growth. Add another rental unit, increase commercial capacity, or reconfigure the space to match your unique vision—all while maintaining ample off-street parking and accessibility. Located at the very eastern edge of Ridgway, just a quick walk to the center of Town, and just minutes from Ouray’s hot springs and Telluride’s world-class skiing, this property places you in one of Colorado’s most sought-after areas for both tourism and year-round living. Whether you dream of running a business, investing in Ridgway’s thriving market, or creating the ultimate live/work space, this multi-use property offers unmatched potential. Schedule a showing today and start building your future in Ridgway, Telluride, and Ouray!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,349
Year Built
- Built in 2006
Lot Details
- 9,888 Sq Ft Lot
- Lot Dimensions are 143x70
- Privacy Fence
- Landscaped
- Sprinkler System
- Property is zoned Live/Work, Commercial, Mixed-Use
HOA Fees
- $22 Monthly HOA Fees
Property Views
- Mountain
- Valley
Home Design
- Slab Foundation
- Metal Roof
- Cedar Siding
- Stick Built Home
Interior Spaces
- 2-Story Property
- Furnished
- Double Pane Windows
- Low Emissivity Windows
- Window Treatments
Kitchen
- Oven or Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 3 Bedrooms
Laundry
- Dryer
- Washer
Parking
- 10 Carport Spaces
- RV or Boat Parking
Eco-Friendly Details
- Energy-Efficient HVAC
- Energy-Efficient Lighting
Schools
- Ridgway K-5 Elementary School
- Ridgway 6-8 Middle School
- Ridgway 9-12 High School
Utilities
- Forced Air Heating and Cooling System
- Air Filtration System
- Heat Pump System
- Geothermal Heating and Cooling
- Irrigation Water Rights
- Water Heater
- High Speed Internet
- Internet Available
- Phone Available
Additional Features
- Deck
- Accessory Dwelling Unit (ADU)
- Property is near a golf course
Community Details
- Association fees include irrigation
- Eastside Sub HOA
- Foothills
Listing and Financial Details
- Assessor Parcel Number 430516412001
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/15/2025 07/15/25 | Price Changed | $1,125,000 | -1.1% | $576 / Sq Ft |
| 07/11/2025 07/11/25 | Price Changed | $1,137,500 | -1.1% | $583 / Sq Ft |
| 06/25/2025 06/25/25 | Price Changed | $1,150,000 | -3.0% | $589 / Sq Ft |
| 03/03/2025 03/03/25 | For Sale | $1,185,000 | -- | $607 / Sq Ft |
Source: Colorado Real Estate Network (CREN)
Similar Homes in Ridgway, CO
Source: Colorado Real Estate Network (CREN)
MLS Number: 821642
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