Ouray County Homes under $500,000

Welcome to Ouray County, Colorado, a hidden gem nestled in the heart of the San Juan Mountains. Known as the "Switzerland of America," Ouray is famed for its stunning alpine scenery, charming historic downtown, and vibrant outdoor lifestyle. Whether you’re an adventure-seeker or someone looking for a peaceful retreat, Ouray offers a perfect blend of natural beauty and small-town charm.

For those seeking to make this enchanting area their home, there are fantastic opportunities available with homes priced under $500,000. This is a rare find in a region celebrated for its breathtaking views and outdoor activities, from hiking and mountain biking in the summer to skiing and snowshoeing in the winter. Imagine waking up to the majestic peaks and crisp mountain air, all while enjoying the comforts of a cozy residence that suits your budget.

Ouray County boasts a variety of housing options, including quaint cottages, modern townhomes, and rustic cabins, each offering unique character and charm. Many of these homes are conveniently located near the town’s amenities, including shops, restaurants, and parks, making it easy to embrace the community spirit.

Whether you’re looking for a year-round residence or a vacation retreat, Ouray County’s real estate market has something for everyone. Don’t miss your chance to own a piece of this picturesque paradise without breaking the bank. Explore the homes under $500,000 and discover the lifestyle that awaits you in Ouray County, where every day feels like a postcard come to life.

Newest Ouray County Homes under $500,000

$479,500

2 Beds ⋅ 1 Baths ⋅ 839370 MLS

Discover a rare opportunity to own a rustic cabin situated on a historic mining claim along the slopes of legendary Red Mountain. Located just outside Ouray on the scenic route to Silverton, Colorado, this property offers an exceptional blend of history, privacy, and natural beauty. Several years ago, Ouray County prohibited the construction of additional cabins on Red Mountain mining claims, rendering properties like this truly scarce. Access is gained by driving through the historic Guston townsite—an 1880s silver mining camp whose remnants remain visible today—adding distinctive character and a tangible connection to the region’s storied past. The cabin features stunning views of the San Juan Mountains, framed perfectly by the front room window. Off-grid and thoughtfully constructed for durability and simplicity, it includes a functional back deck with a generous overhang. This covered outdoor space provides shelter from the elements while offering an ideal setting for outdoor dining and taking in the surrounding alpine scenery. With two bedrooms and one bathroom, the cabin strikes an appealing balance of understated comfort and rustic charm. Schedule a private showing today to experience this unique mountain retreat before it is gone.

165 Guston Trl, Ouray

$360,000

4 Beds ⋅ 3 Baths ⋅ 838762 MLS

Open, Spacious, Light & Bright with Mountain Views! Enjoy comfortable mountain living in this spacious 4-bedroom, 3-bath home featuring an open floor plan designed for everyday living and entertaining. The open kitchen offers stainless steel appliances, a breakfast bar and an abundance of cabinetry, while the formal dining room and cozy living room provide plenty of space to gather. A main-floor primary suite adds convenience, and the office/den with pellet stove creates a warm and inviting space for working from home or relaxing. Recent updates include newer carpet, laminate flooring and interior paint. Modern conveniences include high-speed internet, while energy-efficient double-pane vinyl windows and a durable metal roof add to the home's appeal. Step outside onto the large private deck and take in expansive mountain views, big blue skies and brilliant star-filled nights. Additional features include a lofted utility shed and an 11' x 17' heated indoor shop area with 220V service—ideal for hobbies, projects or additional workspace. With four bedrooms and multiple living areas, the flexible floor plan is well suited for a large or extended household, home office needs or potential roommate arrangements. Nestled among the trees with views as far as the eye can see, this property offers a peaceful mountain setting just minutes from National Forest lands with convenient access to Ridgway and Telluride. Come experience the space, scenery and Western Colorado lifestyle!

135 Aspenglow Ln, Ridgway

$446,000

1 Beds ⋅ 1 Baths ⋅ 838546 MLS

Well designed to take advantage of the light and views. The porch has excellent mountain views. New construction and furnished. Mini split heating and AC. Club house with adjacent sunny patio with over sized hot tub. Easy to lock and leave. No short term rentals. Dog friendly. One assigned open air parking spot. One assigned storage space that is 6'x8'x8'. Note the low monthly HOA fees of $150

248 Redcliff Dr, Ridgway

$368,000

1 Baths ⋅ 838544 MLS

To be built. These homes are well designed and well built. Each home has views and lots of light. The lot is a "to be built" product already designed. The same design has been built in Phase 1 so you can see what your finished product will look like. Mini split heating and cooling systems.There are two attached studios in one building.No common walls.Separated walls and floors for sound proofing. One assigned open air parking. One assigned storage space that is 6'x8'x8'. The building can be completed in about 6 months from contract date. Club house with large patio adjacent. Patio has an oversized hot tub and plenty of room for lounging in the sun.

240 Redcliff Dr, Ridgway

$400,000

838179 MLS

Prime investment opportunity in the stunning town of Ouray! Potential to build up to a (3) unit dwelling, or your dream single family vacation home. Low HOA fee’s, no building restrictions or requirements, no community rules, or any approvals from the association to build whatever you’d like. Only (5) homeowners in this small community. The Uncompahgre river and huge mountain views are stunning from the front of this property. Nothing can be built to block these views. Public river access is only about 30 steps away. Ideally located next the Uncompahgre River Walk trail system, you'll enjoy breathtaking views of the Ouray valley floor and convenient access to town. The West Gold Hill Dinosaur Trackway is located just above, and public land adjoins this property. All utilities are at the curb line. Don’t miss this chance to create a fantastic investment or living space—be sure to review the covenants for details!

1512 Oak St, Ouray

$225,000

3 Beds ⋅ 2 Baths ⋅ 837561 MLS

Welcome to 318 Winding Trail — a well-maintained Ridgway home with thoughtful recent improvements and a warm, comfortable feel. This home has been refreshed with new carpet, interior paint, an updated primary bathroom, and much more. A pellet stove adds cozy warmth and an inviting atmosphere during the cooler Colorado months. The kitchen features several recent upgrades, including a multifunctional kitchen sink, smart Samsung French-door refrigerator, and smart LG dishwasher. A kitchen hutch and bar stools are also included with the home, providing additional storage and functionality. Other improvements include a new, larger water heater, freshly painted storage shed, and extended gravel parking area. With many updates already completed, 318 Winding Trail offers a comfortable, move-in-ready opportunity without the hassle of taking on a long list of projects. Enjoy the refreshed interior, cozy living spaces, and all that Ridgway and Southwest Colorado have to offer. Come see 318 Winding Trail and make this updated Ridgway home your own.

318 Winding Trl, Ridgway

$410,000

2 Beds ⋅ 2 Baths ⋅ 836772 MLS

Affordable homeownership without deed restrictions! This upper-level 2-bedroom, 2-bath condo offers a functional layout, abundant natural light, a private balcony, and move-in-ready comfort with room to update and build equity over time. Enjoy the convenience of being just minutes from Ridgway's schools, parks, restaurants, shops, and trails, with an easy commute to Telluride, Ouray, and Montrose. A rare opportunity to own in one of the region's most desirable mountain communities, offering the flexibility to live, rent, or hold as a long-term investment. Spend your weekends exploring the San Juans, soaking in nearby hot springs, or enjoying Ridgway's vibrant small-town community.

550 Redcliffe Cir Unit D204, Ridgway

$349,000

2 Beds ⋅ 1 Baths ⋅ 836418 MLS

Ground Floor Condo in Krisken Chalet Condos – Ouray, Colorado. This beautifully maintained and completely furnished (with a few exceptions) 2-bedroom, 1-bath condominium offers an exceptional opportunity for affordable mountain living in Ouray. Located on the ground floor with no stairs to climb, this 990 sq. ft. unit provides easy, single-level access and walks directly out to a gorgeous, expansive front common lawn area framed by towering pines and dramatic canyon walls. Inside, the home feels warm and inviting with Brazilian cherry laminate flooring. The thoughtful layout features two comfortable bedrooms, a living room, and a cozy kitchen. Outside, enjoy your own private patio in the back for relaxing or entertaining, plus the expansive shared lawn and BBQ/grilling area. The HOA professionally maintains all common areas, landscaping, and amenities across the beautifully landscaped 3+ acre property. Each unit includes a dedicated carport, additional outside parking, storage space, and plenty of guest parking. Perfectly situated at the north entrance to the City of Ouray, this “lock-and-leave” condo is just a 3-minute drive to the heart of town. It’s an ideal primary residence, vacation home, or income-producing rental property. Take full advantage of Ouray’s world-class hot springs pool, shops, restaurants, skiing, hiking, jeeping, and endless mountain adventures—all while enjoying low-maintenance living surrounded by stunning natural beauty. Welcome to comfortable, convenient Colorado mountain living at its most affordable!

2101 Main St Unit A-1, Ouray

$435,000

1 Beds ⋅ 1 Baths ⋅ 836264 MLS

Experience the perfect blend of privacy, recreation, and year-round accessibility with this exceptional off-grid mountain retreat located just a short drive from town. Enjoy paved roads all but the final 1.7 miles, providing convenient access while still offering the peace and solitude of a true mountain getaway. Bordering National Forest, this fully fenced property offers direct access to endless hiking, horseback riding, ATV adventures, and outdoor recreation right from your doorstep. Abundant wildlife, including elk and mule deer, regularly visit the property, creating an unforgettable Colorado mountain experience. The highly efficient home was constructed with approximately 7½ inches of spray foam insulation, achieving an impressive R-49 rating for year-round comfort and energy efficiency. The fully off-grid system includes a 4,500-watt solar array with eight 6-volt batteries and the flexibility to operate with a generator as needed. Water and utility systems have been thoughtfully designed and include an 1,150-gallon cistern with pressure tank and pump located beneath the home, a 1,250-gallon septic tank, and a 750-gallon gray water tank, providing reliable and efficient self-sufficiency. The property also features a seasonal pond and two versatile outbuildings. Both sheds are fully insulated with ½-inch plywood walls and ceilings. Shed #1 includes a propane heater, while Shed #2 offers a propane heater, lighting, and the ability to operate from a generator, making them ideal for workshops, guest space, hobby areas, or additional storage. Surrounded by breathtaking scenery, peaceful solitude, and direct National Forest access, this remarkable property offers a rare opportunity to enjoy the beauty of Colorado while maintaining modern comforts and complete independence. This property appraised at $490,000 in May 2026!!!

1748 Dave Wood Rd, Montrose

$89,000

836090 MLS

Beautiful level cluster lot at the tee on the first hole of the scenic Divide Ranch and Club. Soaring ponderosa pines, gorgeous mountain views and golf course views. Large lot of 1.2 acres zoned multi-family allowing a build of 3 detached homes or a triplex. Ownership includes The Divide Ranch and Golf Club with its 7038 YD 18 hole golf course. Located on Log Hill, just 6 miles from the historic town of Ridgway and 30 minutes from Montrose Regional Airport; 45 minutes from Telluride's world class skiing and 10 miles from Ouray's famous hot springs and the San Juan Skyway. Owner financing available.

Tbd S Badger Trl, Ridgway

$474,900

2 Beds ⋅ 2 Baths ⋅ 835863 MLS

LOCATION! LOCATION! LOCATION! Sleep easy at night knowing the Ouray River Park Townhomes HOA includes insurance on the structure! Located directly next to the Uncompahgre River and also next to the Ouray Hot Springs Pool, it simply doesn't get much better than this end unit townhouse! Upon entering the heated entryway from the front door or large attached 1-car garage, the mudroom welcomes you with warm wood accents and an extra large bench to store your boots/shoes/coats/etc. A newer top-loading Whirlpool washer and a dryer are also located on the ground level. The second level of this townhouse has a half bath, large living/dining area, and the kitchen. The wood burning stove in the living room adds significant ambiance on those cold winter nights. The living room has a glass door that opens to a deck directly next to the Uncompahgre River with views south down to Abrams Mountain and also to the north. Soak in the sounds of the river while grilling your favorite meal as not many decks will have this combination of views/sounds. The living room/dining area has a large built-in bookshelf and a storage unit under the bench which adds to the storage space of this unit. The kitchen has upgraded newer stainless steel appliances including GE refrigerator, GE double oven, exhaust fan, and a GE dishwasher. A new 3/4 HP garbage disposal was recently installed. Both bathrooms have newer faucets, floors, and water-efficient toilets. The top floor of this unit consists of two large bedrooms and a full bathroom. Both bedrooms have vaulted ceilings and large windows for tons of natural light and great cross-breezes. The west bedroom is located above the river so you can listen to the soothing sounds as you fall asleep. A few other items that should be mentioned: The roof was replaced in 2023, new water heater in 2019, the chimney was swept 2 years ago, lightning fast fiber optic internet from Clearnetworx, and some modifications have been made to meet short term rental requirements (current owners have used it as their primary residence the entire time they've owned it). These units make excellent short term rentals! It will be up to the buyer to verify licensing/permit info/requirements if they are interested in using this unit as a short term rental. This complex has private access to the river walk. The Ouray Perimeter Trail is located directly across the street. It's also a very short walk to just about everything in Ouray including shops, galleries, dining establishments, town park, tour companies, vehicle rentals, and numerous other entities. If you enjoy golf, beautiful scenery, outdoor activities, and friendly people, your search is over. Recreational activities abound in the area. Ridgway State Park which has great boating, fishing, and camping is located about 20 minutes away. Telluride and its exceptional skiing is a short 55 minute drive. The mountains are well known for their stunning vistas which can be reached by 4WD or hiking for the more adventurous. There is also biking, rafting, camping, fishing, hunting, and a host of other activities. Ouray is still a small town with some of the friendliest people you will ever meet. Montrose is located only 40 minutes north which offers about anything you will ever need. They have one of the top rated regional hospitals in the country, regional airport, Home Depot, large grocery stores, Walmart, and numerous other national and local businesses.

1256 Champ Ln, Ouray

$299,000

3 Beds ⋅ 2 Baths ⋅ 835773 MLS

Here's an amazing opportunity for you to live in one of the most exclusive and unique spots in Ouray County! This 2.5 acre parcel is situated in Spud Hill Ranch, a very special enclave of homesites positioned around the unique landform known as Spud Hill. This is actually a glacial moraine, deposited eons ago and creating a special pillar adjacent to the sacred spot where Cow Creek enters into the Uncompahgre River. The parcel has a rented manufactured home on it that has worked well for Ouray County resident workers over the past several years. It's nicely set up and ready for you or as an investment property for you. The property has several nice outbuildings and a covered carport and it's on the river side of the hill-so you hear the sounds of the Uncompahgre River and it has beautiful afternoon sun. You'll love visualizing how might use the property to suit your needs--build another home on the property by either removing the existing structure someday and using the existing utilities, or keep that home in place and grade a building site further up the hill. This would give you an unheard of building site, with the full Sneffels Range to the south the train trestle leading into Ridgway State park in the foreground, along with Cow Creek and the Uncompahgre River below. Wildlife abound, and an irrigation ditch runs along the north side of the property, adding a naturally beautiful feature along with the sounds of moving water. This is a special property-affordable, private and ready for you to make the home for you, the ones you love and your future in Ouray County.

224 Spud Hill Rd, Montrose

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