Norwood

Norwood | San Miguel County

Between Telluride and the Utah border is the statutory town of Norwood, a real estate gem in San Miguel County. Norwood is a small mountain town with an affordable selection of existing homes for sale and prime undeveloped lots where you can build your ideal home, townhouse, ranch property, or estate. Real estate in Norwood provides the opportunity for more "bang for your buck" when it comes to buying or building a home. Norwood houses for sale are more affordable than property closer to Telluride, which can reach the tens of millions. You can find well-kept houses in Norwood for sale under $500,000 - considerably lower than most comparable areas of Western Colorado.

In Norwood, there are recently constructed townhomes with three bedrooms and two bathrooms within walking distance to local schools, the new library, and the market. The house has more than 1,200 square feet of living space and sits on a quarter-acre lot that gets lots of sun. The home's interior is impeccably designed and comes turnkey with all furnishings. Enjoy high ceilings, storage, gas appliances, recessed lighting, and fiber-optic internet for less than $450,000.

For a larger residence, consider a three-bedroom, one-bathroom single-family home in Norwood with approximately 1,500 square feet of living space, lots of windows, and a large, fenced yard with mature landscaping, including fruit trees, a pair of sheds, and a wishing well. The home has received a few recent upgrades, including a rock fireplace wood-laminate flooring for approximately $375,000. The property has a solid rental history for those looking to create a new revenue stream.

While most of the homes are in the $500,000 range, a few luxury homes on larger plots can exceed $1 million. There is a four-bedroom custom home on a 35-acre working ranch that has reclaimed oak flooring, motorized window shades, and incredible views of the San Juan and the La Sal Mountains. The 2,800-square-foot home is uniquely designed to passively cool and heat and has in-floor heat, two wood-burning stoves, and solar panels for electricity. The residence comes with a magnificent chef's kitchen with a large butcher's block island and commercial-grade appliances. There are also numerous outbuildings, a shop, and a greenhouse for $1.85 million.

Neighborhood highlights:

• There are luxury homes in Norwood less than 45 minutes from the ski slopes. Situated on Wright's Mesa is a 7,000-square-foot home on 126 acres for $4.5 million. The five-bedroom, four-bathroom (with three half-baths) home is perfect for entertaining or kicking back with a glass of wine from the climate-controlled wine cellar that can hold more than 2,000 bottles.
• If you're looking to establish a marijuana-growing operation in Colorado, the Norwood area has terrific land that is undisturbed and affordable. Outside Norwood is an existing farm with a 700-square-foot greenhouse and a 350-square-foot cabin/office. The property includes four Honda generators, a recreational vehicle (RV), a 1,100-gallon above-ground cistern, a large tank for hauling water, a storage trailer, various tanks, water filters, and pumps. The 6.8-acre farm is available for $189,000.