$255,000
SOLD DEC 12, 2025

488 Prospect Dr Durango, CO 81303

5.2 Acres
$49,038 Price per Acre
226,512 Sq Ft Lot

Recently Sold

7% Below List Price

197 Days on Market

Highlights

  • Mountain View
  • Pasture
  • Partially Fenced Property
  • Durango High School Rated A-
  • 4 Irrigated Acres
  • Lot Has A Rolling Slope

About This Lot

As of December 2025

Experience the best of Colorado living on this stunning 5.3-acre parcel, offering the La Plata Mountains in the distance and a prime location just minutes from Durango. With lush green fields, irrigation, and a cut-in driveway, this property is ready for your dream home. The land is fully surveyed with marked boundaries, providing peace of mind as you plan your build. Whether you're looking for a private retreat, or simply a place to soak in the beauty of the Southwest, this rare piece of land delivers it all. Don’t miss this opportunity to own a slice of paradise—schedule a tour today! **Do not access property through neighboring property or driveways. Access may be made throught driveway located on subject property

Last Agent to Sell the Property

Brett Rosenbaugh

Keller Williams Realty Southwest Associates, LLC Listed on: 05/03/2025

Keller Williams Realty Southwest Associates, LLC

Last Buyer's Agent

Forrest Edwards

RE/MAX Pinnacle

RE/MAX Pinnacle

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,063

Lot Details

  • 5.2 Acre Lot
  • Partially Fenced Property
  • Lot Has A Rolling Slope

Property Views

  • Mountain Views

Schools

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

Farming

  • 4 Irrigated Acres
  • Pasture

Utilities

  • Irrigation Water Rights
  • Well
  • Septic System

Community Details

  • Property has a Home Owners Association
  • Association fees include irrigation
  • River Rim Ranches HOA

Listing and Financial Details

  • Security Deposit $5,000
  • Assessor Parcel Number 590319100530

Property Details

Property Type

Land

Est. Annual Taxes

$3,063

Lot Details

0

Listing Details

  • Class: Land
  • Em Holder: Title Durango
  • Legal Lot Block: SUBDIVISION: RIM RIVER RANCHES BLOCK: 0 LOT: 4 PROJ #95-27 488 PROSPECT DR DURANGO 81303
  • Lot Size Acreage: 5-10 Acres
  • Parcel Id Number: 590319100530
  • Property Description: Pasture
  • Street Descriptionaccess: Gravel
  • Street Designation: Drive
  • Zoning: Residential Single Family
  • HOA Fee Frequency: Annually
  • Domestic Sewer: Septic
  • Domestic Water: Domestic Well
  • Type: Residential
  • Half Bathrooms: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Estimated Irrigation Acres: 4
  • Estimated Total Acres: 5.2
  • Current Property Use: Residential Single Family, Pasture(irrigated)
  • Em Deposit: 5000.00
  • Water Rights Irrigation: Yes
  • Irrigation Systemrights: Open Ditch
  • Mineral Rights: Unknown
  • Topography: Rolling
  • Price per Sq Ft: 1.21
  • Sold Priceacre: 49038.46
  • Water Tap Available: Yes
  • Water Tap Installed: Yes
  • HOA Fees: Yes
  • Total Taxes Dollar: 3062.62
  • Prop Description Remarks: Experience the best of Colorado living on this stunning 5.3-acre parcel, offering the La Plata Mountains in the distance and a prime location just minutes from Durango. With lush green fields, irrigation, and a cut-in driveway, this property is ready for your dream home. The land is fully surveyed with marked boundaries, providing peace of mind as you plan your build. Whether you're looking for a private retreat, or simply a place to soak in the beauty of the Southwest, this rare piece of land delivers it all. Don’t miss this opportunity to own a slice of paradise—schedule a tour today! **Do not access property through neighboring property or driveways. Access may be made throught driveway located on subject property
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Full Bathrooms: 0

Exterior Features

  • Fence: Partial Property
  • Views: Mountains

Utilities

  • Utilities: Electricity Near
  • Water Tap Paid: Yes
  • Electric Supplier: La Plata Electric Association
  • Gas Supplier: Propane
  • Irrigation Water District: Florida Ditch
  • Water Supplier: Well
  • Water Well: Yes
  • Well Permit Number: 332238.

Condo/Co-op/Association

  • HOA: Yes
  • Hoa Inclusions: Irrigation
  • Hoa Name: River Rim Ranches

Schools

  • High School: Durango 9-12

Lot Info

  • Geo Subdivision: CO

Tax Info

  • Tax Year: 2025

MLS Schools

  • Elementary School: Florida Mesa K-5
  • Middle School: Escalante 6-8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2025
Closed on
Dec 12, 2025
Sold by
Lee Ryan and Lee Carey
Bought by
Phillips Lindsey
Seller's Agent
Brett Rosenbaugh
Keller Williams Realty Southwest Associates, LLC
Buyer's Agent
Forrest Edwards
RE/MAX Pinnacle
List Price
$275,000
Sold Price
$255,000
Premium/Discount to List
-$20,000
-7.27%
Views
36

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
338.59%

Purchase Details

Closed on
Oct 16, 2023
Sold by
Fisher Fred L
Bought by
Lee Ryan and Lee Carey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$567,206
Interest Rate
7.18%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 6, 1996
Bought by
Fisher Fred L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $255,000 Colorado Title & Closing Servi
Special Warranty Deed $185,000 None Listed On Document
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $567,206 Construction
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/12/2025 12/12/25 Sold $255,000 -7.3% --
11/16/2025 11/16/25 Pending -- -- --
05/03/2025 05/03/25 For Sale $275,000 -- --
Source: Colorado Real Estate Network (CREN)

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 $3,063 $49,830 $49,830 --
2024 $292 $51,490 $51,490 --
2023 $292 $670 $670 $0
2022 $308 $670 $670 $0
2021 $309 $830 $830 $0
2020 $310 $810 $810 $0
2019 $311 $810 $810 $0
2018 $340 $1,310 $1,310 $0
2017 $339 $1,310 $1,310 $0
2016 $317 $980 $980 $0
2015 $89 $980 $980 $0
2014 $89 $1,020 $1,020 $0
2013 -- $1,020 $1,020 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 823651

Colorado Real Estate Network (CREN)

APN: R419221