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254 Waterview Cove, Ridgway, CO, 81432

1beds
1baths
899sqft
$900,000
$1,001price/sqft
$5,124/moest. monthly cost
$204,960/yrincome needed

About This Home

Few opportunities in Ouray County combine breathtaking scenery, thoughtful planning, and immediate enjoyment quite like this remarkable 3.75-acre homesite at 254 Waterview Cove in Ridgway, Colorado. Perfectly positioned in the sought-after Waterview Cove neighborhood on Log Hill, this extraordinary property captures panoramic views that stretch across Ridgway Reservoir to the dramatic Cimarron Mountains, while Mount Sneffels and the surrounding San Juan Mountains create an unforgettable western backdrop. Whether you're dreaming of building a luxurious mountain retreat, a full-time residence, or a legacy property to enjoy for generations, this homesite offers one of the finest foundations available anywhere in the Ridgway, Ouray, and Telluride region. What truly distinguishes this property is the tremendous amount of time, expertise, and investment the current owners have already contributed. Creating a premier mountain homesite is often a lengthy process involving engineering, road construction, architectural planning, foundation design, septic engineering, county approvals, and Architectural Review Committee approvals before construction of a primary residence can even begin. Here, those challenging first steps have already been successfully completed by experienced professionals. The result is a property that's uniquely positioned for its next owner to focus on designing an extraordinary custom home instead of navigating years of infrastructure and permitting. One of the property's most valuable features is the beautifully completed one-bedroom guest residence, thoughtfully situated below the future primary building site so it enjoys spectacular views while preserving the panoramic view corridor for your future custom home. In many mountain communities, building an accessory dwelling before the main residence simply isn't possible. Thanks to careful planning and successful approvals, this property offers the rare ability to immediately begin enjoying your mountain lifestyle while designing and constructing your dream home. The guest residence is exceptionally comfortable, beautifully finished, and built for lasting quality. Constructed on a full foundation, the home features an open floor plan that maximizes the surrounding scenery. The spacious kitchen offers abundant cabinetry, quality stainless steel appliances, generous workspace, and an inviting dining area that flows naturally into the comfortable living room. Large windows frame the ever-changing beauty of Ridgway Reservoir, while natural light fills the interior throughout the day. Step outside onto the expansive Trex deck where rich metal railings frame some of the most inspiring views in Southwest Colorado. From sunrise reflecting across the waters of Ridgway Reservoir to glowing evening sunsets illuminating Mount Sneffels and the Cimarron Range, every season provides its own spectacular display. Stone outcroppings below the deck create an ideal place to relax, entertain, or simply absorb the quiet beauty that defines life in Ouray County. Inside, attractive sliding barn doors open into a generously sized primary bedroom offering abundant closet space and peaceful privacy. Across the hallway, the beautifully appointed bathroom includes a glass-enclosed shower, dual vanities, extensive storage, and finishes selected for both comfort and durability. The residence is offered mostly furnished, allowing new owners to begin enjoying the property almost immediately. Modern mountain living is fully supported with natural gas forced-air heat, public water, underground utilities, grid power, high-speed internet, and all of the conveniences today's buyers expect. Whether used as your residence while building, comfortable guest quarters for family and friends, or as a long-term rental after your custom home is completed, the guest residen

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
9
BikeSomewhat Bikeable

Schools

6/10
Ridgway Elementary SchoolGrades PK-53.9 mi
9/10
Ridgway Middle SchoolGrades 6-83.1 mi
7/10
Ridgway High SchoolGrades 9-123.1 mi

Construction

Condition

  • Year built: 2021

Materials

  • Foundation: Stemwall
  • Roof: Fiberglass
  • Construction materials: Masonite

Type & Style

  • Home type: SingleFamily
  • Architectural style: Ranch
  • Property subType: Modular

Interior

Appliances

  • Appliances included: Range,Refrigerator,Dishwasher,Dryer,Disposal,Microwave,Exhaust Fan
  • Laundry features: W/D Hookup

Basement

  • Basement: Crawl Space

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • 3/4 bathrooms: 1

Dining Room

  • Features: Eat-in Kitchen

Features

  • Part Furnished
  • Window features: Window Coverings,Double Pane Windows,Low Emissivity Windows
  • Finished area above ground: 899

Heating

  • Heating features: Forced Air

Interior Area

  • Total structure area: 899
  • Total interior livable area: 899 sqft

Kitchen

  • Area: 168

Living Room

  • Area: 168

Master Bedroom

  • Area: 168

Property

Details

  • Parcel number: 425528319002
  • Attached to another structure: Yes
  • Zoning description: Residential Single Family

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Deck
  • Has view: Yes
  • View description: Mountain(s),Valley
  • Has water view: Yes
  • Water view: Lake/Pond/Reservoir

Lot

  • Lot size: 3.74 Acres
  • Features: Foothills,Adj to Greenbelt,Wooded,Cul-De-Sac,Near Golf Course,Boundaries Marked,Corners Marked

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Lightning
    LightningVery High
  • Avalanche
    AvalancheRelatively High
  • Landslide
    LandslideModerate
  • Wildfire
    WildfireModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Lightning
Avalanche
Landslide
Wildfire
Winter Weather

FEMA Declared Disasters Across Colorado Counties

Fire
Flood
Severe Storm
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $4,550$54,600
Home Insurance *$208$2,496
Property Taxes $180$2,160
Electricity $186$2,232
Total$5,124$61,488
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$175,680/yr
40% on housing$153,720/yr
45% on housing$136,640/yr

Colorado FAIR Plan Programs

Colorado FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 17.6%
17.6%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 7.3%
7.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$1,001This listing

vs Other Active Listings

Avg $/sqft

ZIP 81432$530
Ouray County$525

vs Homes Sold Last Month

Median $/sqft

ZIP 81432$387
Ouray County$468

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-07-13Listed for sale$900,000
2016-09-26Sold$100,000
2016-08-29Pending sale$109,950
2016-07-27Price change$109,950
2016-03-14Listed for sale$114,950
2016-01-01Listing removed$169,000
2015-05-27Listed for sale$169,000
2014-09-30Sold$1,275,000
2014-04-29Listing removed$169,000
2011-06-03Listed for sale$169,000

For Sale by Agent

AgentTodd Schroedel
BrokerageUnited Country Sneffels Realty

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