Price Reduction - Waterfront
405 & 409 Hwy 348 Olathe, CO
$ 618,700
Property Attributes
  • MLS#787049
  • TypeSingle Family
  • CountyMONTROSE
  • CityOlathe
  • AreaOlathe
  • Zip81425
  • StyleFarm House
  • Year Built1986
  • Taxes$ 2030
  • Price$ 618,700
  • Bedrooms6
  • Full Bathrooms3
  • Half Bathrooms1
  • Sqr Footage3930
  • Lot Size2.11 Acres
Listing Provided Courtesy Of:
Better Tomorrow Real Estate, LLC
Data Source:
Colorado Real Estate Network (CREN)
Property Description

Two homes on the Uncompaghre River with priority water and it's own adjudicated pipeline and reservoir as well as 2 water taps. This property includes 2.11 acres with 2 spacious, remodeled homes, highway frontage, river frontage, senior and absolute irrigation water rights, an orchard, gazebo, sprinkler system, storage/work shop with fire rated vault, beginning stages of a pergola, green and lush lawn, lots of garden spaces, and a huge parking area with pull through driveway. Front orchard includes two varieties of pears, three varieties of apples, and one apricot. There is an apple and two plums by the reservoir. Gardens feature a strawberry patch, raspberry patch, two varieties of grapes, peonies, roses, irises, tulips, lilac bushes, Japanese blossoms, lilies, established trees and bushes with lots of room to add more. Main home (405) has hardwood floors throughout with tile in the bathrooms and carpeted stairs. It features three bedrooms, two full baths, spacious kitchen, sunroom, office, walk in pantry, gas stove, baseboard heating, basement storage, and upgraded plumbing and electrical. Second home (409) has vinyl, tile, hardwood, and laminate floors. It features 3 bedrooms, one and a half baths, flex space, spacious kitchen, hardwood stairs, forced air furnace, upgraded plumbing and electrical, and walkout upstairs deck. Houses total 6 bedrooms and 3 1/2 bathrooms. Reservoir is registered as K-D Estates Pipeline and Reservoir with the State of Colorado. It features up to 0.12 CFS drawn directly from the Uncompahgre River year around, a two-horse river pump station, sprinkler pump, up to 11 zone irrigation sprinkler system. Back part of lot is undeveloped with room for additional lawns, green houses, orchard, etc. NO Covenants so you can stock the reservoir with fish, bring the ducks, geese, chickens, dogs, cats, etc. Bring your imagination as there is so much you can do with this property including commercial space as it sits on a corner inside city limits. Take a walk out back along the reservoir and river and forget that you’re on the highway! Live in one home and rent the other or combine families. Unlimited possibilities.

Elementary School Middle School High School
Olathe K-5 Elementary School Olathe 6-8 Middle School Olathe 9-12 High School
Price History
9/20/2021 Listed $648,700
1/4/2022 5% - $618,700

General Features

Cooling Central A/C, Forced Air
Exterior Features Irrigation Pump, Irrigation Water, Landscaping, Shed/Storage
Fireplaces Free Standing, Gas Logs, Living Room
Flooring Carpet-Partial, Hardwood
Garage Attached Garage
Green Certification Y/n No
Heating Electric Baseboard, Forced Air, Other
Hoa Y/n No
Interior Features Ceiling Fan(s), W/D Hookup, Garage Door Opener
New Construction Y/N No
Property Description Cleared, Corner
Roof Metal
Status Active
Status Active
Stories Two Story
Style Farm House
Subdivision Other
Type Stick Built
Utilities Electric, Internet, Natural Gas
View Other, Stream/River
Waterfront Other, Pond, River
Zoning Residential Single Family

Interior Features

1/2 Baths 1
Appliances Range/Oven, Refrigerator
Dining Room Separate Dining
Full Baths 3

Exterior Features

Apx. Irrigation Acres 2
Carport No
Construction Type Wood Frame
Exterior Structures Garage, Gazebo, Guest House, Shed, Woodshed
Garage Capacity 2
Lot Size Area 2.11
Siding Vinyl
Water Rights/irrig. Yes
Waterfront Yes


  • 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 81425

AVG $470K
AVG $1,372
AVG 40
Year Built
AVG 1971

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