97 Elk Walk Rd

Montrose, CO 81403

$19,900,000
Price
9,844,560 / 226
Lot Size / Acres
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Description

Elk Mountain Resort: Private Colorado Mountain Retreat & Hospitality Property Elk Mountain Resort exists because places like this are becoming harder to find. Nearly 226± deeded acres of private mountain ground, surrounded by the vast public lands of the Uncompahgre, Grand Mesa, and Gunnison National Forests, positioned in one of the most sought-after corners of Western Colorado. For decades, this property has served as a base for gathering; families, events, corporate retreats, and travelers seeking...Elk Mountain Resort: Private Colorado Mountain Retreat & Hospitality Property Elk Mountain Resort exists because places like this are becoming harder to find. Nearly 226± deeded acres of private mountain ground, surrounded by the vast public lands of the Uncompahgre, Grand Mesa, and Gunnison National Forests, positioned in one of the most sought-after corners of Western Colorado. For decades, this property has served as a base for gathering; families, events, corporate retreats, and travelers seeking the quiet and scale of the San Juan Mountains. • Guest Accommodations: 19 three-bedroom cabins and 21 lodge rooms supporting group retreats, events, and destination stays. • Event Infrastructure: Lodge with commercial kitchen, restaurant, ballroom, lounge areas, and wedding chapel designed for conferences, weddings, and corporate retreats. • Recreation Amenities: Private lake, shooting range, tennis courts, rock climbing wall, horse barn, volleyball court, gym, sauna, and childcare facilities. • Operational Infrastructure: Wagner CAT generator, waste treatment system, diesel fire pump, helicopter landing area, and maintenance shop. • Location: Approximately 22± miles from Montrose and 35± miles from Telluride in the heart of Colorado’s San Juan Mountain recreation corridor. The infrastructure already in place tells the story of what the property has been built to support. At the center of the resort is a full-service lodge featuring a commercial kitchen, restaurant space, dining room, lounge areas, and a grand ballroom designed for weddings, conferences, and group gatherings. A unique tasting room carved from a historic mine shaft adds character and history to the experience, while spa facilities and gathering areas allow guests to slow down and stay awhile. Accommodations are designed to support larger groups without sacrificing privacy. The resort includes 19 three-bedroom, two-bath cabins and 21 one-bedroom lodge rooms, creating flexible lodging for events, retreats, or seasonal tourism operations. Each structure is positioned to take advantage of the surrounding forest, mountain views, and the quiet that defines this landscape. The land itself provides the foundation for the experience. A private lake supports fishing and outdoor recreation, while the surrounding forest offers immediate access to the region’s wildlife and backcountry. From the property, you are directly connected to nearly 3 million acres of surrounding National Forest, creating year-round access for hiking, horseback riding, hunting, fishing, and winter recreation. Additional improvements expand the operational capacity of the resort. The property includes a shooting range, tennis courts, wedding chapel, horse barn, rock climbing wall, volleyball court, gym, sauna, childcare center, and multiple recreational facilities. A large shop supports maintenance and operations. Infrastructure systems include a Wagner CAT generator, diesel fire pump, waste treatment system, and helicopter landing area, allowing the property to function independently and safely in a remote mountain setting. Elk Mountain Resort sits approximately 22± miles from Montrose and 35± miles from Telluride, placing it within reach of commercial air service, world-class skiing, and the region’s well-known mountain communities. Ouray, known for its historic character and hot springs, is also nearby. Properties with this level of acreage, infrastructure, and proximity to the San Juan Mountains rarely come available. Elk Mountain Resort already operates as a destination gathering place and offers the next owner the opportunity to build upon that foundation, whether expanding the hospitality model, creating a private mountain retreat, or continuing its legacy as a place where people gather, work, and build lasting memories in the mountains.
  1. Listed by Dan Murphy • M4 Ranch Group, LLC
  2. Listed by Seth Craft • M4 Ranch Group, LLC

Property Details for 97 Elk Walk Road

Water Front
Yes
Waterfront
River/Stream, Lake/Reservoir, Pond
Subdv Name
Other
LISTING UPDATED: 03/14/2026 01:37 AM

Property Details for 97 Elk Walk Road

StatusActive
MLS #832374
Days on Market25
Taxes$87,045 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLAND / Commercial
Year Built-
Lot Size226.00 AC
CountyOuray County
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Location

Listing Courtesy of M4 Ranch Group, LLC, Dan Murphy; M4 Ranch Group, LLC, Seth Craft
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Building Information for 97 Elk Walk Road

Lot Size226.00 AC

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$107,461 per month

30 year fixed, 6.46% Interest

Principal and Interest

$100,207

Property Taxes

$7,254

HOA Dues

$0

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Property Information for 97 Elk Walk Road

Summary
Location and General Information
  • Directions: Call Listing Broker
School Information
  • Elementary School: Open Enrollment
  • Middle School: Open Enrollment
  • High School: Open Enrollment
Taxes and HOA Information
  • Tax Account ID: R002556
  • HOA Y/N: No
  • Tax Year: 2025
  • Total Taxes $: 87045.42
Property
Property and Assessments
  • FIPS Code: 08091
  • Legal/Lot Block: Subd: ELK MOUNTAIN RESORT FINAL PLAT AMENDMENT PHASE 1A S: 9 T: 46 R: 10 S1/2SW1/4 & SW1/4SE1/4 & NE1/4NE1/4SW1/4 & SW1/4NW1/4SE1/4 & S1/2NE1/4SW1/4 S: 16 T: 46 R: 10 N1/2NW1/4 & NW1/4NE1/4 & W1/2NE1/4NE1/4
  • Photo Count: 34
  • Covenants Y/N: NO
  • Board Name: Gunnison-Crested Butte Association of REALTORS
  • Documents On File: Other
  • Income Producing: Yes
Lot Information
  • Special Assemnt Y/N: No
  • Water Rights/Irrigation: No
  • Current Property Use: Horses, Recreation, Mountain Recreation, Commercial
  • Well Permit #: call LB
  • Parcel ID #: 4.25916200031E11
Utilities
  • Sewer Tap Avail: No
  • Sewer/Septic In: Yes
  • Sewer Paid: No
  • Water Tap Avail: No
  • Water Tap Installed: No
  • Water Tap Paid: No
  • Mineral Rights: Unknown
  • Modular/Mobile Allow: No
  • Water Well: Yes
Interior and Exterior Features
Room Information
  • 1/2 Baths: 0
  • 3/4 Baths: 0
  • 1/4 Baths: 0
Exterior Features
  • Horse Setup: Yes
  • Outbuildings/Structures: Barn, Other, Cabin, Garage

Property History for 97 Elk Walk Road

DateEvent & SourcePriceAppreciation
Mar 10, 2026

Listed (Active)

CRENMLS #832374

$19,900,000—
Jun 30, 2025

Expired

CRENMLS #814207

—
Aug 27, 2024

Sold

TMLS #36037

—
May 29, 2024

Listed (Active)

CRENMLS #814207

$19,950,000—
Jan 3, 2024

Temporarily Off Market

TMLS #41793

—
Dec 31, 2023

Expired

CRENMLS #806057

—
Sep 18, 2023

Listed (Active)

TMLS #41793

—
Sep 13, 2023

Price Change

CRENMLS #806057

$24,999,000—
Sep 12, 2023

Listed (Active)

CRENMLS #806057

—
Aug 23, 2023

Pending

TMLS #41793

—
Aug 22, 2023

Pending

CRENMLS #806057

—
Aug 11, 2023

Price Change

CRENMLS #806057

$12,000,000—
Jul 19, 2023

Price Change

TMLS #41793

$24,999,000—
Jul 19, 2023

Price Change

TMLS #41793

$21,000,000—
Jul 19, 2023

Listed (Active)

TMLS #41793

$12,000,000—
Jul 17, 2023

Price Change

CRENMLS #806057

$24,999,000—
Jul 17, 2023

Price Change

CRENMLS #806057

$21,000,000—
Jul 17, 2023

Listed (Active)

CRENMLS #806057

$12,000,000—
Oct 18, 2020

Sold (Public Record)

Public Record #1416394165

$6,930,000—
Oct 16, 2020

Sold

TMLS #36037

$6,930,000—
Oct 16, 2020

Sold

CRENMLS #761667

$6,930,000—
Sep 14, 2020

Pending

TMLS #36037

—
Jul 20, 2020

Pending

CRENMLS #761667

—
Dec 13, 2019

Listed (Active)

TMLS #36037

—
Jul 9, 2019

Listed (Active)

CRENMLS #761667

$17,950,000—
May 1, 2019

Expired

CRENMLS #745910

—
May 30, 2018

Listed (Active)

TMLS #36037

$17,950,000—
May 30, 2018

Listed (Active)

CRENMLS #745910

$17,950,000—
Mar 1, 2018

Expired

CRENMLS #734643

—
Jun 27, 2017

Listed (Active)

CRENMLS #734643

$17,950,000—
DateEvent & SourcePrice
03/10/2026

Listed (Active)

CRENMLS #832374

$19,900,000
06/30/2025

Expired

CRENMLS #814207

—
08/27/2024

Sold

TMLS #36037

—
05/29/2024

Listed (Active)

CRENMLS #814207

$19,950,000
01/03/2024

Temporarily Off Market

TMLS #41793

—
12/31/2023

Expired

CRENMLS #806057

—
09/18/2023

Listed (Active)

TMLS #41793

—
09/13/2023

Price Change

CRENMLS #806057

$24,999,000
09/12/2023

Listed (Active)

CRENMLS #806057

—
08/23/2023

Pending

TMLS #41793

—
08/22/2023

Pending

CRENMLS #806057

—
08/11/2023

Price Change

CRENMLS #806057

$12,000,000
07/19/2023

Price Change

TMLS #41793

$24,999,000
07/19/2023

Price Change

TMLS #41793

$21,000,000
07/19/2023

Listed (Active)

TMLS #41793

$12,000,000
07/17/2023

Price Change

CRENMLS #806057

$24,999,000
07/17/2023

Price Change

CRENMLS #806057

$21,000,000
07/17/2023

Listed (Active)

CRENMLS #806057

$12,000,000
10/18/2020

Sold (Public Record)

Public Record #1416394165

$6,930,000
10/16/2020

Sold

TMLS #36037

$6,930,000
10/16/2020

Sold

CRENMLS #761667

$6,930,000
09/14/2020

Pending

TMLS #36037

—
07/20/2020

Pending

CRENMLS #761667

—
12/13/2019

Listed (Active)

TMLS #36037

—
07/09/2019

Listed (Active)

CRENMLS #761667

$17,950,000
05/01/2019

Expired

CRENMLS #745910

—
05/30/2018

Listed (Active)

TMLS #36037

$17,950,000
05/30/2018

Listed (Active)

CRENMLS #745910

$17,950,000
03/01/2018

Expired

CRENMLS #734643

—
06/27/2017

Listed (Active)

CRENMLS #734643

$17,950,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 97 Elk Walk Road

Taxable ValueLand$282,030Additions$1,572,170Total$1,854,200
Tax Record2025$87,045 ($7,254 / month)
Home Facts
Total Finished SqFt23,945 SqFtAbove Grade Finished SqFt23,945 SqFtLot Size11,955,042 SqFtStyleHotel / MotelYear Built2004CountyOURAYAPN425916200031

Schools near 97 Elk Walk Road

This home is within Ridgway R-2 School District.
Rating
School
Type
Grades
Distance
Ridgway Elementary School
Public - PK to 5
Ridgway Middle School
Public - 6 to 8
Ridgway High School
Public - 9 to 12
Rating
School
Distance
Ridgway Elementary School
PublicPK to 5

Ridgway Middle School
Public6 to 8

Ridgway High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 97 Elk Walk Road, Montrose, CO 81403

97 Elk Walk Road is a 226 ac of land for sale in Montrose, CO 81403. This property was listed for sale on March 11, 2026 by M4 Ranch Group, LLC, it's currently listed at $19,900,000. It has been on the market for a total of 25 days and was last sold on August 28, 2024. This listing's school district is Ridgway R-2 School District. Nearby schools include Ridgway Elementary School, Ridgway Middle School and Ridgway High School. 97 Elk Walk Road is a 0-bed, 0-bath, 226 ac of land on a 9,844,560 sq. ft. / 226 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of M4 Ranch Group, LLC, Dan Murphy; M4 Ranch Group, LLC, Seth Craft

Based on information from one of the following Multiple Listing Services: CRENMLS, Telluride Association of REALTORS, Grand Junction Area REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRENMLS, Telluride Association of REALTORS, Grand Junction Area REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.