860 County Road 142
Lake City, CO 81235
Texan Resort Estates · Hospitality Property For Sale · 35 Rooms

Trophy resort. Hospitality - Common Interest Community comprised of 35 log homes and cabins (already subdivided; separate deeds for each log home). In the beautiful San Juan Mountains at 8760 ft elevation. Has it own river running through it. Waterfall at property perimeter. Accessible year-round. Homes in excellent condition - renovated or new 2007-2019. High mountain vistas. Blue Spruce, pine, fir, and aspen trees. Excellent opportunity to return 30% gain on selling individually. Special up to $3M donation to non-profit buyer IRS Sec 170 Bargain Sale. Investment tax credit 2019 safe harbor for up to $800K solar install. 100% depreciation under new tax law with overwhelming majority of purchase price embedded in buildings, not land. Current owner for 17 years is retiring.