Price Reduction - Waterfront - New Construction
Address
26217 Road 38.5, Dolores, CO
Price
$ 3,995,000
Property Attributes
- MLS#837330
- TypeSingle Family
- Listing Status Active
- CountyMONTEZUMA
- CityDolores
- AreaMontezuma County Rural NE
- Zip81323
- StyleRanch,Modern
- Year Built2025
- Taxes$ 5134
- Price$ 3,995,000
- Bedrooms5
- Full Bathrooms4
- Half Bathrooms0
- Sqr Footage4350
- Lot Size80.18 Acres
Data Source:
Colorado Real Estate Network (CREN)
Property Description
Rare opportunity to acquire an approximately 80-acre land assemblage in the scenic Dolores River Valley, just 50 minutes south of Telluride. Comprised of 14 subdivided parcels (13 vacant parcels and one newly-constructed home) with no HOA, this unique offering provides exceptional flexibility for a family compound, investment, recreation retreat, or future development opportunity. The majority of the property lies at the confluence of the Dolores River and the West Fork of the Dolores River, enjoying southern exposure, expansive valley views, and excellent solar gain. Two parcels offer direct river frontage, while 11 lots feature level, highly buildable terrain. Lot sizes range from 1.02 acres to 32.6 acres, including multiple 10+ acre parcels bordering United States Forest Service lands. A separate 32.6-acre parcel offers exceptional privacy, highlighted by a secluded high-mountain meadow surrounded by mature vegetation, with Stoner Creek running through the property. The Dolores Valley's warmer climate, lower elevation, and easy access to boating, fishing, rafting, mountain biking, hunting, and snowmobiling make it one of Southwest Colorado's most appealing yet undiscovered destinations. A newly constructed 4,350-square-foot residence with five bedrooms and four baths is available separately or as part of a packaged acquisition. (See Offering Memorandum in Documents and photos for details on all 14 properties and approved discounted packages )
| Elementary School | Middle School | High School |
|---|---|---|
| Dolores K-5 Elementary School | Dolores 6-8 Middle School | Dolores 9-12 High School |
| Price History | |
|---|---|
| 7/20/2026 | Listed $4,175,000 |
| 9/3/2026 | 5$3,995,000 |
General Features
| Heating | Forced Air |
|---|---|
| Cooling | Central A/C |
| Roof | Metal |
| Fireplaces | Gas Starters,Living Room |
| Garage | Attached Garage |
| Zoning | Agriculture,Residential Single Family |
| Status | Active |
| Bathrooms | 4 |
| Year Built | 2025 |
| Subdivision | None |
| Water Heater | Electric Water Heater |
| Style | Ranch,Modern |
| View | Lake/Pond/Reservoir,Mountains,Stream/River,Valley |
| Stories Count | Two Story |
| County | Montezuma |
| Class | RESIDENTIAL |
| Type | Stick Built |
| Tax Year | 2025 |
| FIPS Code | 08083 |
| HOA Y/N | No |
| New Construction Y/N | Yes |
| Status | Active |
| Sale/Rent | For Sale |
| Utilities | Electric,Propane-Tank Owned,Internet |
| Energy Star Qualified Y/N | No |
| Green Certification Y/N | No |
| HERS Rated Y/N | No |
| LEED for Homes Y/N | No |
| Other Green Cert. Y/N | No |
| Directions | From Telluride,follow Highway 145 south for approximately 55 miles,Road 38.5 is on the right,just before Road 38 to Dunton Hot Springs. Once on Road 38.5,home is the first one on the left,the majorit |
| High School | Dolores 9-12 |
| City | Dolores |
| List Price/SqFt | 918.39 |
| Construction Completed? | Yes |
| Elementary School | Dolores K-5 |
| Middle School | Dolores 6-8 |
| DOM | 61 |
| PROPERTY DESCRIPTION | Borders Public Land,Adj to Open Space,Borders National Forest |
| Price Per Sq Ft Total AG | 918.39 |
| DISCLOSURES | Seller is Licensed Agent,Wetlands |
| Property Attached Y/N | No |
Interior Features
| Flooring | Carpet-Partial,Hardwood,Stained/Stamped Concrete |
|---|---|
| Furnished Y/N | Unfurnished |
| Beds | 5 |
| Full Baths | 4 |
| Appliances | Range Top,Refrigerator,Dishwasher,Disposal,Microwave,Freezer |
Exterior Features
| Waterfront | Creek,Pond,River,Seasonal Stream/Spring |
|---|---|
| Lot Size Area | 80.18 |
| Garage Capacity | 2 |
| RV Parking | Yes |
| Siding | Stucco |
| Construction Type | Wood Frame |
| Water Well | Yes |
| Waterfront | Yes |
| Garage Y/N | Yes |
| Carport | No |
| Water Rights/Irrig. | No |
Amenities
- 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 81323
Price
Taxes
Year Built
Visits
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2026. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to "limited license" rights. Duplication or reproduction is prohibited.