TBD S Hwy 550

Description

Discover the opportunity to build your dream home and continue the legacy of productive agricultural use on this beautiful 18.04-acre parcel—Lot A1 of the Milagro Farm, located within the Hess Minor Subdivision just south of Durango, Colorado. This property offers privacy, breathtaking views and practical features that make it ideal for a blend of rural living and agricultural use. One home is permitted on the property and can be sited on the rear portion of the lot without impacting the existing pond, which is currently used for irrigation runoff. Lot A1 has an active electric pole on the property; Buyers will need to install an individual well and septic system in compliance with state and county requirements. A side roll sprinkler is included for efficient irrigation. The lot is currently eligible for agricultural property tax status, livestock of any kind is allowed on the property. Irrigation Water is a key advantage of this parcel. The property includes an allocation of 20 acre-feet of Project Water (pending final plat approval and agreement with the Florida Water Conservancy District and Bureau of Reclamation), and while the neighboring owner retains 12 additional shares of irrigation water, a Declaration of Covenants allows for shared access and cooperative water use between the property owners. Whether you're looking to establish a small-scale farm, build a rural retreat, or invest in a piece of land with long-term potential, Lot A1 at Milagro Farm offers flexibility, water access, and room to grow—all just minutes from Durango.