Residential · Active

21179 Highway 550

Montrose, CO 81403

4 Beds · 3 Baths · 4,517 Sq Ft

$899,000

Single Family

Property Type

1.79 acres

Lot Size

1989

Year Built

$199

Price per Sq Ft

2

Parking Spaces

839238

MLS #

About This Property

Luxury Colorado Living with Income Potential on 1.79 Irrigated Acres Welcome to a truly one-of-a-kind Colorado estate where timeless craftsmanship, breathtaking mountain views, and incredible versatility come together on nearly 1.8 irrigated acres just minutes south of Montrose. This spectacular 5,367-square-foot custom log home offers the perfect blend of luxury, privacy, and functionality, making it ideal as a primary residence, multi-generational retreat, hobby farm, or income-producing investment. As you enter the home, you're immediately greeted by soaring cathedral ceilings, massive hand-crafted log beams, expansive windows, and the warmth that only an authentic log home can provide. Natural light pours through the east-facing windows while showcasing sweeping mountain views that create an unforgettable backdrop throughout the main living spaces.

Designed for both everyday living and entertaining, the spacious kitchen features abundant cabinetry, generous prep space, double ovens, and an open layout that flows effortlessly into the dining and great room. Gather around the cozy wood-burning stove on cool Colorado evenings or host family and friends with room for everyone to spread out. The primary suite serves as a peaceful retreat, complete with its own private upper-level deck—the perfect place to enjoy your morning coffee while taking in spectacular sunrises and the surrounding landscape. Multiple additional bedrooms and flexible living spaces provide room for family, guests, home offices, or recreation.

One of the property's most valuable assets is the beautifully remodeled 800-square-foot guest house, completed in 2024. Offering 2 bedrooms, 1 bathroom, a full kitchen, laundry, and private living space, the guest home is ideal for extended family, caretakers, visiting guests, or continued rental income. Whether you're looking to offset ownership costs through long-term or short-term rentals (subject to county regulations) or create a private space for loved ones, this additional residence provides exceptional flexibility rarely found in today's market. Step outside and experience your own private Colorado oasis.

The beautifully landscaped property features a tranquil pond, lush lawn, mature trees, expansive decks and patios, and 2.5 shares of UVWUA irrigation water, keeping the grounds vibrant throughout the growing season. With no HOA or restrictive covenants, you'll enjoy the freedom to truly make this property your own. Livestock including horses, cattle, sheep, and poultry are permitted, making this an outstanding opportunity for hobby farmers or anyone seeking room to live the Western Colorado lifestyle. Additional improvements include a metal shop/building, storage shed, attached two-car garage, paved year-round access, central air conditioning, public water, septic system, natural gas, and high-speed Elevate fiber internet—offering the convenience of modern amenities without sacrificing the peaceful country setting.

Located along the coveted Highway 550 corridor, this property places you just minutes from shopping, dining, healthcare, and Montrose Regional Airport while offering convenient access to Ridgway, Ouray, Telluride, Black Canyon of the Gunnison National Park, world-class skiing, hiking, fishing, mountain biking, and endless outdoor recreation. Whether you're searching for a luxury mountain home, family compound, investment property, or your forever Colorado retreat, opportunities like this are exceptionally rare. This isn't simply a home—it's a lifestyle. Whether you're relaxing on the deck with mountain views, welcoming guests to the beautifully appointed guest house, tending animals, or enjoying all that Western Colorado has to offer, this remarkable property offers a rare opportunity to own a legacy estate where luxury and adventure meet.

31 days on market

Listed by Natalie Patterson · Keller Williams Realty Southwest Associates, LLC - Montrose · 970-596-0870

Last updated: 10/19/2026 9:38 AM · Source: Colorado Real Estate Network (CREN), MLS#: 839238

Property Details

Key Details

Property Type Residential
Sub Type Single Family Residence
Status Active
Price per Sq Ft $199
Subdivision Other
MLS # 839238
Days on Market 31
Bedrooms 4
Full Baths 1
Half Baths 1
Three-Quarter Baths 1

More Details

Year Built 1989
Lot Size (Sq Ft) 78,147
Acres 1.794
Annual Taxes $0
Tax Year 2025
State CO
County Montrose
Zoning Residential Single Family

Interior

Interior Features Ceiling Fan(s), Sound System, Vaulted Ceiling(s), Granite Counters, Pantry, Walk-In Closet(s), All Furnishings, Guest Quarters
Heating Forced Air, Wood Stove, Mini Split system
Cooling Central Air, Mini Split system
Flooring Hardwood, Other, Tile, Vinyl
Fireplace Features Living Room, Wood Burning Stove
Appliances Dishwasher, Disposal, Dryer, Microwave, Oven, Range, Oven, Refrigerator, Washer

Exterior & Parking

Exterior Features Irrigation Pump, Irrigation Water, Lawn Sprinklers
Garage Yes
Garage Spaces 2
Parking Features Attached, Garage Door Opener
Roof Metal

Building & Lot

Architectural Style Log
Construction Log
New Construction No

Location

Price History

DateEventPrice
9/30/2026 Price change
Source: Colorado Real Estate Network (CREN) #839238
$899,000 -7.2% $199/sqft
9/21/2026 Listed for sale
Source: Colorado Real Estate Network (CREN) #839238
$969,000 +3.7% $215/sqft
8/6/2026 Listing removed
Source: Colorado Real Estate Network (CREN) #837229
—
8/6/2026 Price change
Source: Colorado Real Estate Network (CREN) #837229
$934,500 $207/sqft
7/15/2026 Listed for sale
Source: Colorado Real Estate Network (CREN) #837229
$934,500 -6.5% $207/sqft
6/17/2026 Listing removed
Source: Colorado Real Estate Network (CREN) #835957
—
6/13/2026 Listed for sale
Source: Colorado Real Estate Network (CREN) #835957
$999,000 +107.9% $221/sqft
1/8/2021 Sold
Source: Telluride Association of REALTORS® #38961
$480,500 -1.9% $106/sqft
12/2/2020 Pending
Source: Telluride Association of REALTORS® #38961
—
11/30/2020 Listed for sale
Source: Telluride Association of REALTORS® #38961
$490,000 $108/sqft

SOURCE: The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network (CREN). All data deemed reliable but not guaranteed and should be independently verified. The information contained in this publication is subject to change without notice.

TERMS OF USE: This publication is designed to provide information with regard to the subject matter covered. This listing information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

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PUBLISHERS NOTICE: All information is deemed reliable but is not guaranteed and should be independently verified. All real estate advertised herein is subject to the US Federal Fair Housing Act of 1968 and the Colorado Fair Housing Act, which makes it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin. Please check with your local government agency for more information.

Listing information last updated October 19, 2026 at 9:38 AM.

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