Pamela Colesworthy - Coldwell Banker Distinctive Properties

Description

Very rare National Forest in-holding of over 365 contiguous acres. Headwaters of the Mancos River (well over a mile) are on this property which was commonly known as the Red Arrow Mine made famous in the 1930s with its spectacular gold discoveries. These are patented mining claims which will be conveyed with title insurance. This will be spectacular hunting property for deer, elk, bear etc. Lots of Aspen trees and spruce trees. Plenty of areas to build a cabin but since this is actually 18 separately deeded properties, you could, in theory, put a cabin on each one. Think about several different buyers going in together with each person building their own cabin on their own deeded parcel. Lots and lots of roads and trails on this property if you like to go exploring in your ATVs. Or pan for gold all along the river, since mineral rights are included. There are 3 developed tunnels and old mine workings. The tunnels are all gated off with lock and key but keys will be provided to the new owner. I have not been underground on this property, but I'm told that there's several 1000 feet of tunnels. There is a little bit of reclamation work that has to be completed that the previous mine operator did not finish, but that will be taken care of by the current owner. Current owner has retained an excavation contractor to grade the forest service road to help smooth it out; still working on that permit/permission, however.

Details

MLS#751853
Sub-TypeResale
StatusActive
Days On Site21

Features

Acreage367.00
Water FrontYes
Property ViewYes

Market Activity 81326

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Area Information

StateCO
CountyMontezuma
CityMancos
Zip Code81326
AreaMontezuma County Rural NE
Listing VS Median (in 81326)
Price:
$550,000
low | high
Med:
$275,000
100% of Average
On Site:
21
low | high
Med:
457
4.595185995624% of Average
Listing Updated: 11/19/2018
MLS Number: 751853
Listing Provided By:
Rick Lorenz  of  The Wells Group of Durango Inc.



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