Price Reduction - Waterfront
405 Highway 348 Highway Olathe, CO
$ 650,000
Property Attributes
  • MLS#773685
  • TypeSingle Family
  • CountyMONTROSE
  • CityOlathe
  • AreaOlathe
  • Zip81425
  • StyleRaised Ranch,Ranch
  • Year Built1986
  • Taxes$ 1519
  • Price$ 650,000
  • Bedrooms6
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage3930
  • Lot Size2.11 Acres
Listing Provided Courtesy Of:
Needlerock Mountain Realty and Land, LLC
Data Source:
Colorado Real Estate Network (CREN) - 253 - CO
Property Description

WATER, WATER, WATER In the middle of a drought, the pond on this property is still full! Possible Investment Opportunity. Includes 2 spacious, classy homes. Could be 2 residences with office/business space. Main home has hardwood floors throughout with tile in the bathrooms and carpeted stairs. It features three bedrooms, two full baths, spacious kitchen, sunroom, office, walk in pantry, gas stove, new appliances, and upgraded plumbing and electrical. Second home has vinyl, tile, hardwood, and laminate floors. It features four plus bedrooms, one and a half baths, spacious kitchen, hardwood stairs, upgraded plumbing and electrical, and walkout upstairs deck. You can live in one, rent the other, or a mother-in-law house, or bring the family; there is so many options. Outdoor edan with river front, pond and gazebo, massive lawns, raised garden beds, plus multiple patios and decks. Ideal location for farm to table business or homestead retreat! Registered reservoir and pipeline, senior irrigation water rights, orchard, gazebo, sprinkler system, 2 leased sprinkler systems, storage/work shop, beginning stages of a pergola, massive lawns, lots of garden spaces, and a huge parking area with pull through driveway. Ideal location for farm to table business or homestead retreat! Orchard includes two varieties of pears, four varieties of apples, one apricot, and two plums with room to add new trees. Gardens features a strawberry patch, raspberry patch, two varieties of grapes, peonies, roses, irises, tulips, lilacs bushes, Japanese blossoms, lilies, established trees and bushes with lots of room to add your own variety. All watered with automatic zone irrigation sprinkler system. Estates Pipeline and Reservoir with the State of Colorado registered as K-D. It features up to 0.12 CFS drawn directly from the Uncompahgre River year around, a two-horse river pump station, sprinkler pump, 2 currently leased sprinkler systems (all this on a separate DMEA meter). Stock the reservoir with fish, bring the ducks, geese, chickens, dogs, cats, and kids! Bring your imagination as there is so much you can do with this property including commercial space as it sits on a busy corner. Take a walk out back along the reservoir and river and forget that you’re in town!

Elementary School Middle School High School
Open Enrollment Elementary School Open Enrollment Middle School Open Enrollment High School
Price History
8/22/2020 Listed $1,600,000
10/5/2020 38% - $1,000,000
3/22/2021 33% - $675,000
4/2/2021 4% - $650,000
7/15/2021 4% - $625,000

General Features

Flooring Carpet-Partial, Hardwood, Tile
Garage Attached Garage
Green Certification Y/n No
Heating Central Electric, Forced Air
Hoa Y/n No
New Construction Y/N No
Property Description Boundaries Surveyed
Roof Metal
Status Active
Status Active
Stories 1.5 Story, One Story
Style Raised Ranch, Ranch
Type Stick Built
Utilities Electric, Natural Gas
View Lake/Pond/Reservoir, Stream/River
Waterfront Pond, River
Windows Vinyl, Wood
Zoning Live/Work, Mixed-Use, Residential Single Family

Interior Features

Appliances Dishwasher, Dryer, Freezer, Microwave, Range/Oven, Refrigerator, Washer
Dining Room Living Room Dining
Full Baths 4
Subdivision None

Exterior Features

Apx. Irrigation Acres 2
Carport No
Construction Type Wood Frame
Exterior Structures Garage, Gazebo, Shed, Woodshed, Workshop
Garage Capacity 2
Lot Size Area 2.11
Siding Wood
Water Rights/irrig. Yes
Waterfront Yes


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in 81425

AVG $650K
AVG $1,695
AVG 58
Year Built
AVG 1988
AVG 35
Data Provided by Walkscore ® not using MLS data

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