2663 Us Highway 84
Chama, NM 87520

$1,750,000

Description

Nestled on the banks of the Chama river on 8.45 acres, the Elkhorn Lodge has been hosting visitors in their cabins and lodge rooms since 1951. This beautiful scenic spot is on the main highway south of Chama, New Mexico, and is open to visitors all year around. Chama, NM is 2 hours north of Santa Fe, a cultural center of the southwest. Pagosa Springs, Colorado is one hour north with world famous hot springs plus some of the best powder skiing at Wolf Creek Ski Resort. Families come from around the world for the quiet, fishing, hunting, snow sports, and beautiful scenery of the Rocky Mountains during all four seasons. The property has 35 rental units (each with their own bathroom), including 11 rustic cabins (10 with fully equipped kitchens), 22 lodging rooms, and two mobile homes. A separate hot tub room is available for guest usage. There is approximately 2 1/2 acres along the river which could be developed with additional rental units, tiny homes, an RV park, or tent campground. Utilities are available with proper permitting to accomplish an expansion. The owner's quarters are 2 BR, 1 BA with an office, living room, dining room, kitchen and fenced yard. The units have all been updated by the current owner. On the property for guests to utilize are two large corrals for horses, llamas, and mules. The property has a covered pavilion which can accommodate up to 150 people, making the Elkhorn a perfect mountain destination for family reunions and weddings. This is a rare opportunity to live and work in the beautiful Rocky Mountains of northern New Mexico.

Details

MLS#754158
StyleHospitality
Sub-TypeResale
StatusActive
Year1950
Days On Site125

Features

SQ Feet16,288
Story(s)2
Units35
Zoningcommercial

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Area Information

StateNM
CountyRio Arriba NM
CityChama
Zip Code87520
AreaOut Of State
Listing VS Median (in 87520)
Price:
$1,750,000
low | high
Med:
$1,750,000
50% of Average
SqFt:
16,288
low | high
Med:
16,288
50% of Average
$ / SqFt:
$107
low | high
Med:
$107
50% of Average
On Site:
125
low | high
Med:
125
100% of Average
Listing Updated: 06/20/2019
MLS Number: 754158
Listing Provided By:
Peggy Andrews  of  Peggy Andrews Independent Broker



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