Charlotte Hot Springs

A unique opportunity in a magnificent setting, Charlotte Hot Springs has extraordinary potential to develop into a small to medium resort in the heart of the Colorado Rockies a resort for people whose passion is the outdoors. Guests can enjoy naturally heated, sulfur-free hot springs water surrounded by Rocky Mountain splendor. The 60 acre property borders San Isabel National Forest and Cottonwood Creek, a rushing mountain stream with excellent fly fishing. Charlotte Hot Springs features geothermal hot springs sufficient to heat resort buildings and provide water for indoor and outdoor pools (approved for 198 gpm with temperatures ranging from 110 140 degrees F).
Asking price: $4.450,000.

Geothermal Resources
With the geothermal resources on the property, the resort can be considered environmentally and ecologically friendly. Three wells and a spring which have been adjudicated by the state of Colorado are located on the property. Water from these wells and spring is 110-140 degrees Fahrenheit with no odor of sulphur. Water rights that are included in the package allow for 198 gallons per minute (gpm), although the current transmission facilities provide for approximately 155 gpm.
Engineering studies indicate that the geothermal power is sufficient to heat at least 44 units in 11 condo buildings, a lodge and spa, as well as providing water for indoor and outdoor pools. Currently the geothermal water source provides heat for a year around nursery business with three greenhouses (not included in this offering but negotiable if buyer is interested).

The time consuming steps for local approvals and infrastructure development are complete. A Planned Unit Development (PUD) document has been approved by Chaffee County for a resort complex on the property. In addition, the city sewer line is in place and can handle whatever load is needed to support a full scale resort complex.
Further, the foundation for the 60x140 foot outdoor pool and bathhouse is in place as are three houses which can serve as temporary facilities as the resort is being developed.

Located just two hours from Colorado Springs and the Denver area in Buena Vista, Colorado, Charlotte Hot Springs is one hour from six major ski areas; ten minutes from snowmobiling on Cottonwood Pass. The property is near at least six 14ers -- mountains over 14,000 feet -- and adjacent to the Colorado Trail, San Isabel National Forest and the rushing waters of Cottonwood Creek. Over 500,000 visitors camp, fly fish, boat, hunt, hike, climb and enjoy the scenery of the Arkansas River Valley, including rafting on the Arkansas River one of the premier rafting rivers in the country.
The Central Colorado Regional Airport in Buena Vista can accommodate regional jet aircraft and all corporate jet aircraft. It has the longest runway of any general aviation airport in Colorado (8,300 feet).

Confidential/Privileged information is available upon request:

Coldwell Banker Bev Coggins Realty, 1-800-858-6712 Bev Coggins Broker/Owner (cell: 719-332-7513) or Dan Cooper Broker Associate (cell: 719-221-8865)

Status: Active
Property Type: Resort
Country: USA
Property Size: 60 acres
Distance from Airport: 2 hours from Denver & 10 min. from Reginal Airport
Price: $4,450,000

Location: North America
Resort Type: Medium Resort
Services Provided: Hot Springs


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