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  • $1,775,000

    7276 5550 Road, Olathe, CO 81425

    5beds
    5,688sqft
    : 
    Stick Built
    Built in 2006
    40.67 Acres Lot
    $-- Zestimate®
    $312/sqft
    $-- HOA

    What's special

    Dual-sided gas fireplaceToy storageLive water year-roundPrivate patioVerdant valleyHigh-end finishesSitting room
    Welcome to 7276 5550 Road—where all 40 acres embody the legacy of the land and echo the quiet grace of life on Colorado’s breathtaking Western Slope. At the heart of the property stands a spectacular 5,688 square foot 5-bedroom, 4-bath timber frame home—a masterclass in craftsmanship, comfort, and understated luxury. Towering ceilings, rich wood beams, and high-end finishes create an atmosphere that is both warm and grand. Designed with both gathering and solitude in mind, the layout offers multiple living spaces where you can relax in peace or come together with loved ones. The classic covered front porch welcomes you as you arrive. Through the front entry you will be greeted by the home office to your right, and a pool room to you left. Straight ahead is the great room, anchored by a fantastic wood-burning stone fireplace and huge windows. The main floor also houses the primary suite, complete with its own sitting room, dual-sided gas fireplace, private patio, and 6-piece en-suite bath. The chefs kitchen is situated perfectly for entertaining guests, and boasts high-end Viking appliances. The dining room and family room flow off of the kitchen, which features yet another beautiful wood burning stove and access to multiple outdoor spaces. A large laundry/mud room and a full guest bath are just around the corner, as well as garage access. Upstairs you can enjoy the views of the main floor and outdoors from the catwalk! There are two additional living room spaces upstairs, easily used as a library, craft space, or more. There are two spacious bedrooms, one with an en-suite bath and the other just down the hall from another spacious bath. The home was built with an incredible amount of storage- from the eaves to deep reach-ins and expansive walk-in closets, you will not be disappointed in the storage capacity! There is also a large bonus room upstairs that can be accessed via a private staircase from the garage or simply from the hallway upstairs. This space has another wood burning stove, 3 spacious walk-in closets, and beautiful big windows. Use this room as a guest suite, home-gym, reloading space, artistic studio, or more. Forced air heating and cooling keep the home temperate year-round, and a new roof was just installed last year. Views abound from every angle of this property- from the San Juans to the Uncompahgre and the Grand Mesa. Outdoors you will find a 50x60 shop, built in 2020, that is perfect for toy storage, creative work, or hobbies, and includes a 50x30 carport and 20x60 lean-to for added versatility. Keep your hay dry and covered! Irrigated acreage planted in grass hay lays out to the west of the home and shop. A lush riparian corridor runs through the south east corner of the property, offering live water year-round and a shaded sanctuary for birds, wildlife, and livestock alike. While the land is held in an agricultural conservation easement to preserve its natural integrity, there’s still room to enjoy, explore, and appreciate the richness of this setting. This property is located amongst the sprawling farms just west of Olathe and a short drive to Montrose or Delta. This is ideal for air travel, as you are less than 20 minutes to the Montrose Regional Airport (MTJ). There are many amenities in this verdant valley, from top-notch healthcare to wonderfully active community, great restaurants, retail options, cultural events, and to local festivals. This one-of-a-kind homestead is ready to support your vision—whether it’s a working farm, a quiet refuge, or a legacy worth building upon, you are welcome in this valley!
    259 days
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    536
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    22
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    Zillow last checked: 7 hours ago

    Listing updated: October 13, 2025 at 11:58am

    Listed by:

    Katie Chapman Schmalz C:970-216-9272,

    Chapman Real Estate Company, LLC

    Source: CREN,MLS#: 826179MLS Logo

    Tour with a local agent

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 4
      • Full bathrooms: 3
      • 3/4 bathrooms: 1
      Primary bedroom
      • Level: Main
      Dining room
      • Features: Kitchen Bar, Separate Dining
      Cooling
      • Central Air, Ceiling Fan(s)
      Appliances
      • Included: Dishwasher, Dryer, Microwave, Oven-Wall, Range Top, Refrigerator, Washer
      • Laundry: W/D Hookup
      Features
      • Ceiling Fan(s), Wet Bar, Vaulted Ceiling(s), Walk-In Closet(s), Game Room
      • Flooring: Carpet-Partial, Hardwood, Tile
      • Windows: Double Pane Windows, Wood Frames
      • Has fireplace: Yes
      • Fireplace features: Den/Family Room, Living Room, Wood Stove
      Interior area
      • Total structure area: 5,688
      • Total interior livable area: 5,688 sqft
      • Finished area above ground: 5,688

      Property

      Parking
      • Total spaces: 8
      • Parking features: Attached Garage
      • Attached garage spaces: 2
      • Carport spaces: 6
      • Covered spaces: 8
      Features
      • Levels: One and One Half
      • Stories: 1
      • Patio & porch: Covered Porch, Patio
      • Exterior features: Irrigation Water, Landscaping, Lawn Sprinklers, RV Hookup
      • Has view: Yes
      • View description: Mountain(s), Other
      • Waterfront features: Other
      Lot
      • Size: 40.67 Acres
      Details
      • Additional structures: Garage(s), Metal Building
      • Parcel number: 372524100002
      • Zoning description: Agriculture
      • Horses can be raised: Yes

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Contemporary
      • Property subtype: Stick Built
      Materials
      • Wood Siding
      • Roof: Composition
      Condition
      • New construction: No
      • Year built: 2006

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Installed Paid, Public
      • Utilities for property: Electricity Connected, Internet, Phone - Cell Reception, Propane-Tank Leased

      Community & HOA

      Community
      • Subdivision: None
      HOA
      • Has HOA: No
      Location
      • Region: Olathe

      Financial & listing details

      • Price per square foot: $312/sqft
      • Tax assessed value: $1,101,990
      • Annual tax amount: $6,430
      • Date on market: 7/3/2025
      • Has irrigation water rights: Yes
      • Electric utility on property: Yes
      • Road surface type: Gravel
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        Estimated market value

        Not available

        Estimated sales range

        Not available

        $4,477/mo

        Price history

        Price history
        DateEventPrice
        9/4/2025Price change$1,775,000-4%$312/sqft
        Source: CREN #826179 Report a problem
        7/3/2025Listed for sale$1,849,000+121.4%$325/sqft
        Source: CREN #826179 Report a problem
        7/18/2019Sold$835,000-6.1%$147/sqft
        Source: Public Record Report a problem
        6/26/2019Pending sale$889,000$156/sqft
        Source: Norris-Snell Real Estate, LLC #754511 Report a problem
        6/3/2019Price change$889,000-1.1%$156/sqft
        Source: Norris-Snell Real Estate, LLC #754511 Report a problem
        3/2/2019Listed for sale$899,000+32.4%$158/sqft
        Source: Norris-Snell Real Estate, LLC #754511 Report a problem
        9/29/2017Sold$679,000-24.1%$119/sqft
        Source: TRIDEMLS #34220 Report a problem
        8/16/2014Listing removed$895,000$157/sqft
        Source: Joey Burns #289197419 Report a problem
        5/29/2014Listed for sale$895,000$157/sqft
        Source: Joey Burns #289197419 Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2024$6,202 +0.6%$95,440 -2.5%
        2023$6,164 +30%$97,930 +37.3%
        2022$4,741 +5.1%$71,300 -4.9%
        2021$4,513 +30.4%$74,960 +2.9%
        2020$3,462 $72,830 +31.2%
        2019$3,462 -6.9%$55,490 -4.3%
        2018$3,718 -18%$57,990 -18.2%
        2017$4,537 $70,900 +10.4%
        2016$4,537 +21.8%$64,240
        2015$3,725 +18%$64,240 +10.2%
        2014$3,156 -0.2%$58,270
        2013$3,162 +0.6%$58,270 -5.9%
        2012$3,143 $61,950
        2011-- $61,950
        2010-- --

        Find assessor info on the county website

        BuyAbility℠ payment

        Est. payment
        $9,687/mo
        Principal & interest
        $9154
        Property taxes
        $533
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          Climate risks

          Neighborhood: 81425

          Getting around

          0 / 100
          Car-Dependent
          18 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating
          Schools provided by the listing agent
          • Elementary: Olathe K-5
          • Middle: Olathe 6-8
          • High: Olathe 9-12

          Source: CREN. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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