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.

  • MLS# 751853
  • Sub-Type Resale
  • Status Active
  • Days On Site 18
Acreage 367.00
Water Front Yes
Property View Yes
Listing Provided By:
Rick Lorenz  of  The Wells Group of Durango Inc.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
this listing $550,000
100.00%
$275,000 in 81326
this listing 18 on site
96.01%
451 on site in 81326

Location

State CO
County Montezuma
City Mancos
Zip Code 81326
Area Montezuma County Rural NE

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