Views - Golf Course
117 Ponderosa Drive Ridgway, CO
$ 1,124,000
Property Attributes
  • MLS#777404
  • TypeSingle Family
  • CountyOURAY
  • CityRidgway
  • AreaLog Hill
  • NeighborhoodFairway Pines-Divide Ranch
  • Zip81432
  • Style
  • Year Built1985
  • Taxes$ 4850
  • Price$ 1,124,000
  • Bedrooms11
  • Full Bathrooms5
  • Half Bathrooms3
  • Sqr Footage14528
  • Lot Size3.38 Acres
Listing Provided Courtesy Of:
Telluride Realty, LLC
Data Source:
Colorado Real Estate Network (CREN) - 253 - CO
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! Just 38 miles to Telluride, as you pass Ralph Lauren's Ranch or 14 minutes to the local Hot Springs resort. This huge structure can become a full residence (all 15,000 feet of it , if you choose, or go mixed use, with home and office with a live/work/play situation) 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. This stellar location includes a breathtaking backdrop of the jagged Cimmarron’s and San Juans and the 14,000 ft Mt Sneffels. The lot also borders/ abuts the Divide Ranch & Clubs Award-winning 18 hole Golf Course (3rd-4th Hole). This parcel was the original corporate residences of the developer and golf clubhouse built in 1983,(formally Fairway Pines), and has been resurrected with many recent improvements: a fitness center /Gym /ADU-rental unit /residence / new flooring / turf /decking/ Bar / flooring / entertainment area and stage /indoor basketball, 2 tennis courts / putt putt / 2 climbing walls and batting cages and golf driving. The extensive improvements include, but not limited to ADA compliance modification in 2012, new roof 2012 , newly engineered septic and conversion to natural gas. 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. Gym income would easily be 3k a month, The ADU could be rented for 2k easily per month . Airbnb or wedding income easily over 50k a year. The total projected income could be over 100k without much work in our opinion. * a SUP would need to be applied for thru the county. Income projected : 2k a month for the ADU = $24,000 Main residence =3k month =$36,000 Summary $60,000 @ 4% cap rate = $1,200,000 This does NOT include any income from the gym or venue or grounds for weddings etc, This simple projection is for a "long term" rental income, the short term or airbnb would be dramatically higher ****Please view the 2 videos( virtual tour), they will help explain the amenities and parcel*****

Elementary School Middle School High School
Ridgway K-5 Elementary School Ridgway 6-8 Middle School Ridgway 9-12 High School
Price History
1/4/2021 Listed $1,275,000
7/16/2021 2% - $1,250,000
9/3/2021 11% - $1,124,000

General Features

Exterior Features Water Garden
Green Certification Y/n No
Hoa Y/n Yes
Interior Features Granite Counters, Guest Quarters, Hot Tub, Fitness Room, Media Room, Mud Room
New Construction Y/N No
Property Description Borders Golf Course, Golf Course Near
Roof Metal
Status Active
Status Active
Subdivision Fairway Pines/Divide Ranch
Type Stick Built
View Mountains, Other
Zoning Mixed-Use, Residential Single Family

Interior Features

1/2 Baths 2
1/4 Baths 1
3/4 Baths 1
Dining Room Yes
Family Room Yes
Full Baths 4
Great Room Yes

Exterior Features

Carport No
Lot Size Area 3.38
Water Rights/irrig. No
Waterfront No


  • 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 81432

AVG $1.74M
AVG $2,333
AVG 31
Year Built
AVG 1995

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