$1,038,000
Ridgway, CO 81432
MLS# 39960
Status: Closed
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Property Description
The Keep'' Ridgway CO (Telluride) Simply put, there is nothing else like it in the Telluride/Ouray region. Zoned Commercial Multi-Use or Mixed Use or 100% Residential, this substantial 14,500+foot structure is ready for your vision as a primary residence! Just 38 miles to Telluride, The lot is 3.2+ acres with future building potential (country store or garages etc ) The lot borders open space to the North and the Golf Course abuts it to the East. Cimmarron's +San Juans+14,000 ft Mt Sneffels. The lot also borders the Divide Ranch & Clubs Award-winning 18 hole Golf Course (3rd-4th Hole).
Details
Documents
Listing & Location Info
Major Area: 70
Historical Qualifctn: No
Keywords Info
# Of Tenants: 0
Full Baths: 8
Half Baths: 2
General Info
Nbr of Acres: 3.38
Total # of Units: 1
Zoning: Residential/Commercial
Legal: Legal 430301104104 Subd: 117 PONDEROSA DRIVE A PLAT AMENDMENT OF LOT 104, FILING NO 1, FAIRWAY PINES ESTATES PUD;
Est Finished SqFt: 14560
Source SqFt: Assessor
Year Remodeled: 2020
Directions: Above Ridgway on the Golf Course, inside Divide Ranch and Fairway Pines
View 1: south 14,000 ft peak
View 2: Cimms- Sneffles
Subdivision: None
Year Built: 1986
Financing Info
Taxes: 4555
Tax Year: 2020
HOA Mangment Company/Info: Divide Ranch Golf and fairway Pines HOA
HOA Dues: 2200
Payment Per: Year
RETT: None
Gross Income: 0
Operating Income: 0
Assessor's Acct #: 123123222
Utility Info
Phone Lines: Regular Phone
Primary Heat: Combination
Disclosures
Covenants: 1
Other See Addendum: 1
Special Location
Near Park: 1
Open Space: 1
Rural: 1
Business Inclusions
Other: 1
Business Exclusions
Other: 1
Listing Location Info
Current Price: $1,038,000
Sub-Type: Multi-Family
Area: Ridgway - 71 (Major Area 70)
Asking Price: 1125000
Street #: 117
Street Name: Ponderosa Drive
City/Town: Ridgway
County: Ouray County
State/Province: CO
Postal Code: 81432
Status Change Info
Status: Closed
Under Contract Date: 2021-11-01
Sold Date: 2021-11-26
Sold Price: $1,038,000
Property Features
Disclosures: Covenants; Other See Addendum
Special Location: Near Park; Open Space; Rural
Business Inclusions: Other
Business Exclusions: Other
Supplements
The possibilities for highest and best use include but are not limited to...Brewery/Restaurant/Distillery/Medical Marijuana MMJ/, Country Store, General, Office, Lodging, Professional/Medical, basically you can name it! A wedding planner and events/retreat /music live work play layout seems very easy!
The prior sprawling indoor salt water pool (2,400 feet) can easily be brought back into compliance, currently its set up as a music venue/sunken entertainment area.
This is truly an incredible lifestyle and live work opportunity ,for the wise visionary as there is not another live work play structure for 20 miles in the county/ town or region. Currently vacant income projected.
The pool area could easily be a huge garage also with large bays9 no current garage exists) - the county has airbnb permits avail for this home currently if the buyer goes that direction. -a B&B is 100% allowed on subject ( fact), The max amount of rooms is not known, but assuming 4-8 , buyer to check all rules and info. - Seller makes no reps or warranties with parcel , info is based on best avail knowledge and thinks the info is correct but far from guaranteed. - The lot is 100% commercial or residential this is a fact. ( live work play rental etc)
The listing broker is a member of the selling llc
Notes:
1) Selling LLC is multi member firm and the listing broker is a member of that llc
2) The parcel is zoned comm or resi, so it can go either way or both.
3) A "SUP" from the county would be needed for any business that occupied the space(not a home business), this is normal for any parcel in the whole county. Once that use is passed or approved or decided upon, the parcel will have to be inspected and make sure that use is safe etc with the building dept and a permit and or CO /COC will be needed.
(no current CO/or COC exists, and change of use from the pror operating wellness center in 2017 would trigger a change of use and a new co/coc would be needed.( this is a normal process)
4) The commercial zoning allows anything pretty much, but any use will still have to be approved with a SUP.
5) A B%B is 100% allowed as is airbnb if you go that route
pdf 
Listing Office: Telluride Realty
Listing Agent: Scott Elkins
Last Updated: January - 24 - 2026
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