Texan Resort Estates
860 County Road 142
Lake City, CO 81235
Highlights
- 8% Cap Rate | 30%+ Projected Internal Rate of Return (IRR)
- 38 unique cabins and log homes with modern amenities, including cooking facilities, cable streaming TV, and Wi-Fi. 33 of the 38 cabins are available and ready to be sold
- Historic mountain cabin community established in 1946 with original log cabins dating back to the 1870s
- Nestled in the heart of the Colorado Rockies with breathtaking views of a 65-foot waterfall and the Lake Fork of the Gunnison River
- Wide range of outdoor amenities, including a fire pit by the river, basketball half-court, and sand volleyball
- Popular guest activities include hiking, fly fishing, hunting, stargazing, snowshoeing, and Thursday night cookouts
- Development potential for expanded amenities or additional accommodations to enhance the guest experience
- Broker of Record: Michael A. Corbey with Realspace Commercial Real Estate, LLC
Description
SVN | Northco is pleased to present, as exclusive advisor to ownership, the sale of Texan Resort Estates ("Property"), a historic mountain resort located in Lake City, CO, amidst the breathtaking beauty of the Colorado Rockies. Offering a rare retreat into the unspoiled beauty of the region, the Texan Resort Estates combines vintage charm with modern amenities for an unforgettable mountain getaway. The Property consists of 38 unique log cabins and vacation homes ranging from 1 to 5 bedrooms, nestled among tall spruce, fir, aspen, and cottonwood trees. Guests enjoy stunning views of a 65-foot waterfall, lush green lawns, and vibrant flower gardens, all bordered by the Lake Fork of the Gunnison River. 33 of the 38 cabins can be sold as individual cabins; 5 of the cabins have already been sold. Outdoor amenities include a fire pit by the river, a basketball half-court, sand volleyball, and Thursday night cookouts that foster a sense of community and tradition. The surrounding area offers an abundance of activities for outdoor enthusiasts, including hiking, fly fishing, snowshoeing, hunting, and stargazing.
The Property is located in Lake City, CO, a historic mountain town nestled in the heart of Colorado’s San Juan Mountains. Surrounded by breathtaking peaks, Lake City is a serene year-round destination offering access to some of Colorado’s most pristine wilderness and outdoor recreation. The area is renowned for its vibrant history, charming downtown, and unparalleled outdoor adventures.
Lake San Cristobal, the second-largest natural lake in Colorado, is a major draw for visitors. This stunning lake is a hub for fishing, kayaking, paddleboarding, and boating. Anglers will appreciate the opportunities to catch trout, including rainbow and cutthroat varieties, while outdoor enthusiasts enjoy the calm waters and the lake’s stunning alpine backdrop.
Lake City is known for its abundant activities, including hiking the renowned Alpine Loop, biking scenic mountain trails, and exploring over 300 miles of off-road ATV and Jeep trails. Winter brings snowshoeing, cross-country skiing, and snowmobiling opportunities through the picturesque landscapes. The area is also a haven for wildlife watching, photography, and stargazing under crystal-clear mountain skies.
