$10,000 Closing Credit¹
#821177, Lee Ann Parden, Listing Office: Wild West Realty, LLC
$1,200,000 List price
486 Marys Rd Ridgway, CO 81432
$10,000
Closing credit¹
4 beds
3 full
2,512 sqft
2.2 acres
$478 / sqft
House
Property details
About 486 Marys Rd
PRICE IS NEGOTIABLE Are you looking for a house that is instantly ready to go for you? This one of a kind home offers a turn-key solution to your dream of owning a home with substantial earning potential while allowing you to live in the San Juans. This house was a diamond in the rough in its past life, but the current owners have painstakingly converted it into a very profitable, beautiful home. Located in the quiet neighborhood of Idlewild, the home sits exactly between the towns of Ouray and Ridgway and is only 45 minutes to world class skiing in the town of Telluride. Your new home sits on 2.2 acres of stunning prime Colorado land with red cliffs soaring above you to the East and to the West, views of Mt. Abrams to the South and gorgeous Alpenglow skies to the North with the sunsets. The roof, windows, floors, plumbing, septic, electrical, appliances, heating and anything else you can think of, have all been upgraded, rebuilt, replaced and loved. For those that need a little entertainment in the summer, watch the soap operas unfold with the coming and goings of the campground just below the house. The main unit consists of the two upper levels, beautifully remodeled with a rustic and cozy charm. The main level boasts two large bedrooms, a full bath and a large open concept living/kitchen area with a vaulted ceiling featuring an 80in TV nestled above the floor-to-ceiling stone fireplace with a wood burning stove as well as a large wrap around deck to enjoy outdoor dining and stunning views. Take a walk up the hand crafted stairs to the third floor and the huge master suite with a private loft and natural stone shower. This unit has always been used as a Short Term Rental (STR) and the license is transferable to the new owner. There are currently 260 or more 5-Star reviews for this AirBnb and the calendar is constantly booked well into the next year. Let this established money maker do all the hard work for you. The current owner will work with the new buyers to transfer all existing reservations to you. All furniture and supplies needed to operate as an STR can be included if purchased before December 31. Downstairs you will find a separate 1 bedroom, 950 sqft home that has also been remodeled, boasting a large master bedroom, large custom shower and a wood burning stove that will leave you relaxed on a cool winter evening. This unit is currently leased long term, but would make for a great owner's quarters as well. Live in one unit and let the other pay your mortgage for you. Don't overlook this one - homes that pay for themselves in this area are hard to come by!
Highlights
Home typeSingle Family Residence
HeatingNatural Gas, Wood, Baseboard, Wood Stove
StatusActive
CoolingWindow Unit(s), Ceiling Fan(s)
Size2,512 sqft
BasementYes
Lot size2.2 Acres
Year built1978
MLS #818366
FireplaceLiving Room
ViewMountain(s)
Virtual tour
Summary
- MLS Number: 818366
- Office Name: NextHome Virtual
- Listing Agent: Marc Hitchcox
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PUBLISHERS NOTICE: All information is deemed reliable but is not guaranteed and should be independently verified. All real estate advertised herein is subject to the US Federal Fair Housing Act of 1968 and the Colorado Fair Housing Act, which makes it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin. Please check with your local government agency for more information.
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Get an agent. Get a mortgage. Save big.¹
$1,200,000
486 Marys Rd
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Oct 19, 2017 | Home Sold | $220,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $44,520 | $2,241 |
| 2022 | $29,980 | $1,541 |
| 2021 | $21,760 | $1,037 |
| 2020 | $20,440 | $1,037 |
| 2019 | $20,440 | $1,115 |
| 2017 | $21,360 | $1,103 |
History based on county public records data.
Nearby schools
6
Ridgway Elementary School
Public District PK-5
5.9 mi
•1115 Clinton St
8
Telluride Intermediate School
Public District 3-6
11.4 mi
•447 W Columbia Ave
7
Cottonwood Elementary School
Public District KG-5
26.4 mi
•3500 Woodgate Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
All data from GreatSchools
Neighborhood
The neighbors living near this home have an average income of $66,192. Typical income of Ridgway, CO residents is between $35k-100k annually. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
21%
<35k
58%
35k-100k
16%
100k-200k
5%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
42%
Single, No Kids
7%
Single, with Kids
34%
Married, No Kids
17%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
14%
<11 yrs old
8%
12-17 yrs old
13%
18-34 yrs old
50%
35-64 yrs old
15%
65+ yrs old
What do the neighbors do for fun?
Hunting
NASCAR
Figure Skating
Where do the neighbors shop?
Dillards
Dick's Sporting Goods
Wal-Mart
Where do the neighbors go to eat?
Cracker Barrel
Texas Roadhouse
Hardee's
What do the neighbors drive?
Cadillac
Subaru
Ram
What do the neighbors listen to?
News/Talk/Information
New Country
Classic Country
All data provided by Home Junction and Claritas
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Frequently asked questions
About 486 Marys Rd
This home is located at 486 Marys Rd in Ridgway, CO and zip code 81432. This 2,512 square foot home, which was built in 1978, sits on a 2.20 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since September 29, 2024 and is currently priced at $1,200,000.
The inventory of homes for sale in Ridgway, CO between January and February 2025 increased by 17.2%. In February 2025, listings were on the market for 153 days. During the same period, the median list price in this real estate market was $967,000.
From Rocket Homes Real Estate and based on county public records data.