589 High Llama Lane

Description

14.7 acres in the path of development at the edge of Durango City limits. No HOA & No Covenants. City of Durango will require annexation for this land that is zoned medium density residential and approved for up to 12 units per acre. With the average price of a home in Durango now running over $900K, there's plenty of profit margin here for a developer. Central water and sewer are located just to the south at the corner of High Llama Lane and Wilson Gulch Road. Adjoining 10.27 acres to the south can be purchased with this property at a package price of $3.6M. No value give to the improvements. Annual taxes are only $1,001.56.