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  • $1,500,000

    1042 Lake Purgatory Drive, Durango, CO 81301

    3beds
    4,126sqft
    Stick Built
    Built in 1991
    7.05 Acres Lot
    $1,694,000 Zestimate®
    $364/sqft
    $3,925 Estimated rent

    Home value

    $1,694,000

    $1.51M - $1.93M

    $3,925/mo

    Zestimate® history
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    What's special

    Plentiful waterFabulous viewsTons of parkingMultiple deck spacesLarge garage spaceCross-country skiingWet bar
    A view like you’ve never seen before of Lake Columbine, Engineer Mountain, Grizzly Peaks and the Hermosa Cliffs. Bordering over 900 feet of Lake Columbine aka as Lake Purgatory. The seasonal flow from Little Cascade Creek into the lake supports paddle boarding, tubing, canoeing, kayaking, and fishing during the Spring to mid-Summer period as well as snowshoeing and cross-country skiing during the winter. This 7-acre parcel offers mountain living to the fullest with a home that matches the beauty of the mountains and water it shares and only 1.5 miles to Purgatory Ski entrance. Two levels of living with the main living room offering 10-foot ceilings with massive windows and a deck to soak in the views, while the upstairs great room also offers another 20+ feet of ceiling height windows looking north, another huge deck to the most fabulous winter and summer views one could get in the coveted in North Animas Valley. Upon entry into the home, you’ll find the perfect tiled space to store your skis, benches to sit and take off your boots, and hang your coats. Once inside the home, you’ll immediately be welcomed into the large entertainment area which combines living and dining room, features the FABULOUS views, a wet bar for entertaining and a cozy gas stove for cool winter nights. The living room will seat the entire reunion and everyone will have a view. The kitchen features newer stainless-steel appliances, including a Viking gas stove and double oven, while the breakfast nook extends the space with loads of natural light and it’s own south facing deck. This space is perfect for coffee looking south to the mountains. Above the kitchen is another living space, bedroom and a bath, perfect for your guests to have their own privacy. In the addition, built in 1995 (with steel supports) you’ll find the two large living/great rooms plus more bedroom spaces, flex space that could be used as an office or additional bedroom, tons of storage and again…phenomenal views. The home features multiple deck spaces where you can get out and enjoy the fresh Colorado mountain air. Solar was added in the last year+ and provides for very minimal electric usage, so far since installation the owners only pay LPEA basic administrative fees. Quite possibly one of the best parts of this home is the 900+ feet of lake front….paddle, fish, play right out your door. Well maintained home, new septic in 2017, new well pump with plentiful water, a combination of in-floor heat in the newer portion of the home and furnace in the original. Beautiful tongue and groove ceilings and walls, Starlink internet set up to transfer, large garage space, tons of parking, aspen trees, pines, and more. This home would make an incredible short-term rental given the amenities both summer and winter, with the ability to accommodate plenty of guests. Part of the true excitement of this property's location is the proximity to Purgatory Resort's abundance of activities, some of the best skiing (alpine and cross-country), snowshoeing, snow-mobiling, hiking, jeeping, climbing, hunting, fishing in the State of Colorado. Excitement for the area comes as well from the growing love for the greater Durango/Purgatory region as not only a vacation destination but an increasingly attractive place to live and/or invest. Durango has been chosen as the No. 1 ranked Colorado tourist destination for the second year in a row, and 15th in the nation, according to the Tourism Sentiment Index. Purgatory was named No. 6 in North America as their Best of the Best destinations. Even better, Purgatory Resort was awarded No. 1 as the Best of the Best destinations in the State of Colorado for 2023. Don't miss this opportunity to own these views and this home! You won't be disappointed. Some pictures are virtually staged.

    Zillow last checked:

    Listing updated:

    Listed by:

    Lauren Ammerman 970-903-1333,

    The Wells Group of Durango, LLC

    Bought with:

    Liesl Luy

    Durango Mountain Realty LLC

    Source: CREN,MLS#: 808563MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 4
    • Full bathrooms: 4
    Appliances
    • Included: Range, Refrigerator, Dishwasher, Washer, Dryer, Double Oven
    • Laundry: W/D Hookup
    Features
    • Cathedral Ceiling(s), Wet Bar, Vaulted Ceiling(s), Walk-In Closet(s)
    • Flooring: Carpet-Partial, Laminate, Tile
    • Windows: Window Coverings
    • Has fireplace: Yes
    • Fireplace features: Gas Log
    Interior area
    • Total structure area: 4,126
    • Total interior livable area: 4,126 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Attached Garage, Garage Door Opener
    • Attached garage spaces: 4
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Patio, Deck
    • Has view: Yes
    • View description: Mountain(s), Valley
    • Has water view: Yes
    • Water view: Lake/Pond/Reservoir,Stream/River
    • Waterfront features: Lake/Reservoir, Pond
    Lot
    • Size: 7.05 Acres
    Details
    • Parcel number: 508936100062
    • Zoning description: Residential Single Family

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Stick Built
    Materials
    • Wood Frame, Metal Frame, Wood Siding
    • Roof: Metal
    Condition
    • New construction: No
    • Year built: 1991

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Well

    Community & HOA

    Community
    • Subdivision: Other
    HOA
    • Has HOA: No
    Location
    • Region: Durango

    Financial & listing details

    • Price per square foot: $364/sqft
    • Tax assessed value: $1,433,390
    • Annual tax amount: $2,640
    • Date on market: 9/6/2024

    Price history

    DateEventPrice
    5/2/2024Sold$1,500,000-3.2%$364/sqft
    Source: CREN #808563 Report a problem
    3/24/2024Contingent$1,550,000$376/sqft
    Source: CREN #808563 Report a problem
    1/23/2024Price change$1,550,000-7.5%$376/sqft
    Source: CREN #808563 Report a problem
    12/7/2023Price change$1,675,000-8.2%$406/sqft
    Source: CREN #808563 Report a problem
    10/9/2023Listed for sale$1,825,000-3.9%$442/sqft
    Source: CREN #808563 Report a problem
    9/26/2023Listing removed--
    Source: CREN #802585 Report a problem
    8/10/2023Listed for sale$1,899,900$460/sqft
    Source: CREN #802585 Report a problem
    8/10/2023Contingent$1,899,900$460/sqft
    Source: CREN #802585 Report a problem
    8/8/2023Price change$1,899,900-4.8%$460/sqft
    Source: CREN #802585 Report a problem
    6/22/2023Price change$1,995,000-0.2%$484/sqft
    Source: CREN #802585 Report a problem
    4/21/2023Listed for sale$1,999,000$484/sqft
    Source: CREN #802585 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$3,027 +16.8%$89,590 +24.2%
    2024$2,592 -1.9%$72,110 -3.6%
    2023$2,641 -0.5%$74,800 +8.2%
    2022$2,655 $69,150 -2.8%
    2021-- $71,140 +8%
    2020$2,362 +19.2%$65,860
    2019$1,982 $65,860 +12.3%
    2018$1,982 $58,640
    2017$1,982 -10.4%$58,640 -5.3%
    2016$2,212 +9.1%$61,940
    2015$2,028 $61,940 +20.2%
    2014-- $51,510
    2013-- $51,510 -13.6%
    2012-- $59,640
    2011-- $59,640 -7.8%
    2010-- $64,710
    2009-- $64,710 +5.6%
    2008-- $61,280
    2007-- $61,280 +17.9%
    2005-- $51,980
    Find assessor info on the county website

    Neighborhood: 81301

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Animas Valley K-5
    • Middle: Miller 6-8
    • High: Durango 9-12

    Source: CREN. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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