$19,900,000
 $106,828 est/mo Sourced by Back At You

97 Elk Walk Road,Montrose, CO 81403

Montrose, CO 81403

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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 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.

Details

MLS #832374
Listing TypeFor Sale
Sub-TypeResale
StatusPending
Days On Site236
Listing Provided ByM4 Ranch Group, LLC | Seth Craft

Features

Acreage226.00
Water FrontYes

Other

List AorGunnison Crested Butte Association Of Realtors

Area Information

StateCO
CountyOuray
CityMontrose
Zip Code81403
AreaOuray County
Community NameOther
School DistrictOpen Enrollment
Elementary SchoolOpen Enrollment
High SchoolOpen Enrollment
Listing VS Median (in Other)
Price:
$19,900,000
low | high
Med:
$555,000
100% of Average
On site:
236
low | high
Med:
18
100% of Average
Sourced by Back At You

Market Activity 81403

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Learn More About This Property

StateCO
CountyOuray
CityMontrose
Zip Code81403
AreaOuray County
Community NameOther
School DistrictOpen Enrollment
Elementary SchoolOpen Enrollment
High SchoolOpen Enrollment
Listing VS Median (in Other)
Price:
$19,900,000
low | high
Med:
$555,000
100% of Average
On site:
236
low | high
Med:
18
100% of Average
Sourced by Back At You
Listing Updated: October 28, 2026 at 8:01:09 AM PDT