Would you all consider this high priced?

This land is about 1/2 mile away from our place which is about 18 miles from Durango, CO. We are on a very dry mesa, actually, it's called the dry side. (Now there is dry and then there is dry. Our side of dry has pretty good wells. The other side... well, folks haul water there.)

40 acres/$112,000 ($2800/acre) some irrigation (which is very valuable), and a well. Great views if you like the wide open spaces. There is a lot of talk about getting water on this side so folks are speculating that there will be growth here in the next... oh... 20 years. (It's going to take at least 10 years for them to finish the dam and fill the reservoir that's being worked on.)

http://tinyurl.com/g4x9y

We bought our property in 2003; 28 acres for $120.000. More per acre but it had similar irrigation rights, a 1/4 mile road to the home site, a pretty nice single-wide trailer, electricity, septic, fencing, plumbing for 6 horse stalls, and a pumphouse/cistern connected to the very prolific shared well. If we back out the value of the trailer, the septic, the road, the buried electricity, we were at around $2500/acre.

Had we been content to live in the trailer forever, we'd be sitting pretty (we paid cash for the property originally). Not being content, we had a straw bale ranch style home built.

There are some more scenic areas here but of course they are more costly http://tinyurl.com/rdzs8 and have no electric nearby and no fire service (they are not part of the fire district).

I expect you could get a large parcel (over 80 acres) that would be all or mostly wooded for about that...maybe a little more.

donsgal

__________________
Life is what happens while you are making other plans. (John Lennon)

i can tell you that here in the mountians level land is at a premium, and 53 acres of usable farm land is a steal at that price. however, whoever buys it won't farm it, but probably divide it up into 1 or 5 acres lots and sell it to yuppies. now, there is still land here for 2 and 3 thousand an acre, but it is mountainside, 30 miles from town and on an unmaintained gravel road.