See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

2031 Otter Pond Circle, Montrose, CO, 81401

5beds
4baths
4,901sqft
$949,000
$194price/sqft
$5,697/moest. monthly cost
$227,880/yrincome needed

About This Home

The opportunity you’ve been waiting for has arrived! Quality and durability coupled with elegance and luxury in this exquisite 5-bedroom, 4-bathroom custom residence, spanning an impressive 4,901 square feet in the highly regarded Otter Pond subdivision. Boasting exceptional curb appeal with beautifully landscaped mature grounds and open space directly behind the home, this property offers privacy, serenity, and convenience all in one. Step through the grand, inviting foyer and immediately be captivated by the beautiful hardwood floors that flow throughout the main level. To the left is a spacious formal dining room featuring custom built-in cabinetry, seamlessly connecting via a butler’s pantry to the expansive eat-in kitchen—perfect for hosting large gatherings and social events. The chef’s kitchen is a true highlight, equipped with premium granite countertops, an additional pantry, dual ovens, and dual sinks for ultimate functionality. The foyer and kitchen naturally lead to the expansive main living room, where tall ceilings create an airy, open atmosphere ideal for a variety of furniture arrangements. A natural gas fireplace on the exterior wall adds warmth and ambiance year-round. Rarely found in today’s homes is the dedicated main-floor office with extensive custom built-ins, providing a high-end and useful workspace. Retreat to the one-of-a-kind primary suite, a spacious sanctuary with direct access to the back patio. The thoughtfully designed main level promotes comfortable, easy living, including a generous laundry room just beyond the kitchen, complete with ample storage cabinets for all your essentials. Upstairs, discover abundant versatility with four additional bedrooms, two bathrooms, and storage galore. Two bedrooms feature ensuite access, while all rooms offer generous proportions and flexibility—ideal as guest suites, a home schoolroom, library, craft space, fitness room, or more to suit your lifestyle. Practical luxury continues with an oversized 3-car garage and thoughtful storage solutions throughout, ensuring everything has its place and space is not wasted. Beyond the home, embrace the Otter Pond lifestyle: enjoy non-motorized water recreation and catch-and-release fishing on the stocked 15-acre neighborhood pond, utilize the community boathouse for limited storage, play on the tennis/pickleball court, or stroll the scenic walking paths and enjoy the wildlife in the area. This prime location delivers unmatched convenience, with easy proximity to the Montrose Recreation Center, Cottonwood Elementary School, grocery stores, medical offices, restaurants, and all essential shopping. Experience the perfect blend of high-end craftsmanship, thoughtful design, and resort-like amenities in one of Montrose’s most sought-after neighborhoods. Don’t miss this rare opportunity—call today to schedule your private showing!

Getting Around

20
WalkingCar-Dependent
0
TransitVery Limited Transit
29
BikeSomewhat Bikeable

Schools

8/10
5/10
Columbine Middle SchoolGrades 6-82.0 mi
6/10
Montrose High SchoolGrades 9-122.2 mi

Construction

Condition

  • Year built: 2003

Materials

  • Roof: Architectural Shingles
  • Construction materials: Wood,Wood Frame,Stucco

Type & Style

  • Home type: SingleFamily
  • Property subType: Stick Built

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Dryer,Microwave,Oven-Wall,Range Top,Range,Refrigerator,Washer
  • Laundry features: W/D Hookup

Basement

  • Basement: Crawl Space

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 4
  • Full bathrooms: 4

Cooling

  • Cooling features: Central Air,Forced Air,Ceiling Fan(s)

Dining Room

  • Features: Breakfast Nook,Eat-in Kitchen,Kitchen Island,Kitchen Bar,Kitchen/Dining,Separate Dining

Features

  • Ceiling Fan(s),Vaulted Ceiling(s),Granite Counters,Pantry,Walk-In Closet(s),Central Vacuum
  • Window features: Window Coverings,Double Pane Windows,Vinyl
  • Flooring: Carpet-Partial,Hardwood,Tile
  • Fireplace features: Living Room
  • Fireplace: Yes

Interior Area

  • Total structure area: 4,901
  • Total interior livable area: 4,901 sqft

Master Bedroom

  • Level: Main

Property

Details

  • Parcel number: 399304137011
  • Zoning description: Residential Single Family

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Patio
  • Exterior features: Landscaping,Lawn Sprinklers
  • Has view: Yes
  • View description: Mountain(s)
  • Has water view: Yes
  • Water view: Lake/Pond/Reservoir
  • Waterfront features: Pond

Lot

  • Lot size: 0.37 Acres
  • Features: Adj to Open Space

Parking

  • Total spaces: 3
  • Parking features: Attached Garage,Garage Door Opener
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3

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
  • Inland Flooding
    Inland FloodingRelatively High
  • Landslide
    LandslideModerate
  • Wildfire
    WildfireModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Lightning
Inland Flooding
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 $4,798$57,576
Home Insurance *$246$2,952
Property Taxes $284$3,408
Electricity $369$4,439
Total$5,697$68,364
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$195,325/yr
40% on housing$170,910/yr
45% on housing$151,920/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: 13.7%
13.7%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 5.0%
5.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$194This listing

vs Other Active Listings

Avg $/sqft

ZIP 81401$207
Montrose County$397

vs Homes Sold Last Month

Median $/sqft

ZIP 81401$265
Montrose County$258

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)

Price History

DateEventPrice
2026-03-08Listed for sale$1,099,000
2021-10-20Sold$705,000
2021-09-07Listing removed--
2021-08-23Price change$729,900
2021-08-08Price change$749,900
2021-06-11Listed for sale$759,900

For Sale by Agent

AgentAaron Tobler
BrokerageRE/MAX Alpine View

Similar Homes