$3,500,000

The Margaux PUD is an approved 32-unit residential rental community situated on 1.72 acres along the Eagle River in Edwards, Colorado — just north of Highway 6, offering a rare, entitled multifamily opportunity in the heart of the mid-valley. Approved by the Eagle County Board of County Commissioners on October 14, 2025, the Planned Unit Development permits two residential buildings, totaling 32 rental apartments: sixteen 2-bedroom units (averaging 908 sq. ft.) and sixteen 1-bedroom units (averaging 633 sq. ft.). Each building includes secure indoor storage for tenant bikes, skis, and other gear. Half of the 32 units — 16 total — will be restricted as Resident Occupied housing under Eagle County's Affordable Housing Guidelines, exceeding standard requirements, with two one-bedroom units further rent-restricted to 100% of Area Median Income. As an alternative to the current PUD entitlement, the property could potentially be downzoned to Eagle County's Residential Suburban Low Density (RSL) zone district, which is intended to provide relatively low-density residential neighborhoods within and at the periphery of the county's community centers and rural centers. RSL permits single-family, duplex, and multi-family residences on lots of 15,000 square feet or larger, with standards limiting maximum lot coverage and floor area, and may also allow accessory dwelling units — offering flexibility for a more conventional residential subdivision or lower-density multi-family layout in place of the currently approved 32-unit rental concept. Positioned near Edwards' core services and a walk from free Core Transit access, The Margaux offers exceptional connectivity under either development scenario.