624 Maroon Avenue Crested Butte CO Real Estate

This is a great development opportunity in the town of Crested Butte and is not just your typical 3 bedroom house. There are many options for development. The seller has approval to subdivide the 5 lots into 3 parcels, remove / demolish the existing home and build 3 homes with garages. Because of this approval, the existing house can still be removed / demolished even during the current moratorium. The easiest development would be to subdivide the 2 corner lots and either build on that parcel or sell them. Even if you value those lots at $600,000 (the least expensive lots in town are $750,000), that still means you would be paying $800,000 for a 3 bedroom house on 3 lots. If you give the corner lots more value, the house is an even better deal! Contact me to discuss the possibilities.

Find Southwest Colorado and Durango Real Estate - Search!