1301 County Rd 119

Pagosa Springs, CO 81147

About this property

Located in the charming mountain town of Pagosa Springs, CO, Reservoir Ranch presents the unique opportunity to purchase 492+/- acres in a highly coveted location for use as a private residential ranch property or a County-approved mixed-use development opportunity. Within walking distance of the famous Pagosa Hot Springs and all downtown amenities, Reservoir Ranch offers a rare combination of accessibility and serene privacy with staggering mountain views, lush, irrigated meadows, creeks and ponds, fencing and miles of access roads and trails for hiking, biking, ATVs and horseback riding. This Pagosa Springs real estate property also enjoys ownership of extensive documented senior water rights from multiple sources. While the property can be retained as an amazing private ranch, it has the benefit of a transferable Development Agreement with Archuleta County, providing for long term vested development rights extending through September 1, 2034. The vesting allows for potential development of 900 +/- units in total (less the allocations to parcels not included in the subject offering) and some mixed uses. A copy of the Development Agreement and accompanying conceptual development plan is available upon request. utilities available. Recognized and awarded by the State of Colorado for top-tier forest Stewardship, conservation and fire prevention practices on the property, ownership has also documented research into the possible use of geothermal resources for power and greenhouse support. This rare property offering and its various development parcels are available in bulk sale, but ownership would consider the sale of individual development parcels with appropriate pricing allocations. Please contact Brokers for maps, development documentation and additional information on this unique opportunity.

About this property

Located in the charming mountain town of Pagosa Springs, CO, Reservoir Ranch presents the unique opportunity to purchase 492+/- acres in a highly coveted location for use as a private residential ranch property or a County-approved mixed-use development opportunity. Within walking distance of the famous Pagosa Hot Springs and all downtown amenities, Reservoir Ranch offers a rare combination of accessibility and serene privacy with staggering mountain views, lush, irrigated meadows, creeks and ponds, fencing and miles of access roads and trails for hiking, biking, ATVs and horseback riding. This Pagosa Springs real estate property also enjoys ownership of extensive documented senior water rights from multiple sources. While the property can be retained as an amazing private ranch, it has the benefit of a transferable Development Agreement with Archuleta County, providing for long term vested development rights extending through September 1, 2034. The vesting allows for potential development of 900 +/- units in total (less the allocations to parcels not included in the subject offering) and some mixed uses. A copy of the Development Agreement and accompanying conceptual development plan is available upon request. utilities available. Recognized and awarded by the State of Colorado for top-tier forest Stewardship, conservation and fire prevention practices on the property, ownership has also documented research into the possible use of geothermal resources for power and greenhouse support. This rare property offering and its various development parcels are available in bulk sale, but ownership would consider the sale of individual development parcels with appropriate pricing allocations. Please contact Brokers for maps, development documentation and additional information on this unique opportunity.

Features and Additional Information

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$12,950,000 Active
0 Beds
0
Baths
0 SQFT

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Galles Properties
1-970-264-1250
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Area Information

PS01 (Old Pagosa Springs) | Archuleta County | None

$ 12,950,000
This listing is play_arrow 1818.5% higher than the average in the area
$ 675,000 in the area
0 SqFt
This listing is play_arrow 0% larger than the average in the area
0 SqFt in the area
$ 0 $/SqFt
This listing is play_arrow 0% less than the average in the area
$ 0 $/SqFt in the area
754 days on site
This listing is play_arrow 236.6% above the average in the area
224 days on site in the area

Schools in the Area

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    Elementary School
    Pagosa Springs K-4
  • turned_in
    Middle School
    Pagosa Springs 5-8
  • turned_in
    High School
    Pagosa Springs 9-12
Listed By Layne Poma
Brokerage: Galles Properties

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