With the condo market exceptionally strong, timing is right for an investor/builder to begin construction on an additional phase of Whispering Pines condos and/or townhomes/patio homes. Pagosa Springs has experienced a significant jump in condo sales both in volume and number of units. For the first time in many years, demand is stronger than supply. An experienced builder/developer could potentially see returns and sales ahead of final completion. If you are savvy in the condo development process, this could be an excellent opportunity! Zoned R-12 and approved for 49 units. All utilities available at parcel including water, sewer, natural gas, electric and high-speed internet. Parcel located in Town of Pagosa Springs, not in the County. 7.83 acres, pavement, corner lot across from the Ralph Eaton Recreation Center. Walking distance to City Market and many restaurants. The bike path will take you to Walmart, coffee, the Pagosa Springs Golf course and more. Close to Lake Pagosa, North Village Lake and Lake Forest for great fishing or just watching the beautiful sunsets. Less than 10 minutes to Historic Downtown Pagosa Springs where you can soak in the Pagosa Hot Springs, walk along the San Juan River walking path, fly fish the river, hike Reservoir Hill or take in one of the many new trendy mountain restaurants or brew pubs. Enjoy 2.5 million plus acres of San Juan National Forest just minutes in almost any direction you drive, bike, walk or hike. National Forest gates are in abundance for the hiking, biking and hunting enthusiast!
|Days On Site||276|
|Zoning||Residential Multi Family|
|Date||Sales||Avg $ Per SqFt||Min Sale Price||Max Sale Price||Med Sale Price|
|Date: Jul 2018||Sales: 1||Avg $ Per SqFt: $193.18||Min Sale Price: $136,000||Max Sale Price: $136,000||Med Sale Price: $136,000|
|Date: May 2018||Sales: 2||Avg $ Per SqFt: $148.96||Min Sale Price: $175,000||Max Sale Price: $265,000||Med Sale Price: $220,000|
|Avg $ Per SqFt:||$193.18|
|Min Sale Price:||$136,000|
|Max Sale Price:||$136,000|
|Med Sale Price:||$136,000|
|Avg $ Per SqFt:||$148.96|
|Min Sale Price:||$175,000|
|Max Sale Price:||$265,000|
|Med Sale Price:||$220,000|
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