$12,950,000

1301 County Rd 119

Pagosa Springs CO, 81147

Description

Located in the charming mountain town of Pagosa Springs, CO, Reservoir Ranch presents the unique opportunity to purchase 485+/- 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 River 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 family 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 over 1,200 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. There is a high capacity main power line running across the ranch, which also contains newly installed fiber-optic lines, and the regional power transfer station is conveniently located across from the property. 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 the Listing Brokers for maps, development documentation and additional information on this unique opportunity.

Details

MLS#776552
Listing TypeFor Sale
StyleFarm or Ranch
Sub-TypeResale
StatusActive
Days On Site11

Features

Story(s)1 Story
Acreage485.00
Water FrontYes
Property ViewYes

Additional Information

Taxes4181.84
Available AmenitiesElectricity Near,Internet,Natural Gas Near,Other,Phone Near

Market Activity 81147

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Area Information
StateCO
CountyArchuleta
CityPagosa Springs
Zip Code81147
AreaPS01 (Old Pagosa Springs)
Middle SchoolPagosa Springs 5-8
High SchoolPagosa Springs 9-12
Listing VS Median (in 81147)
Price:
$12,950,000
low | high
Med:
$180,750
100% of Average
On Site:
11
low | high
Med:
349
3.151862464183% of Average
Listing Updated: November 27, 2020 8:12:02 PM PST
Layne Poma LogoMLS Number: 776552
Listing Provided By:
Layne Poma  of  Galles Properties

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