273 N 1st Street Pagosa Springs, CO 81147

Rare investment opportunity and prime location are the cornerstones of this exceptional 4.2 acre mountain marvel. Panoramic views of historic Old Town Pagosa Springs encircle the valleys below the property and stunning views of the towering San Juan River punctuate the backdrop to the east. Arriving... at the custom gated entry you'll discover humble Rumbaugh Creek. The topography of the lot beyond it includes a lower meadow and then your drive barber-poles the hillside, eventually arriving at one of the most splendid build sites in town, atop the crest of the hill. Wildflowers adorn the parcel in warmer months and the site is host to a huge variety of wildlife all year round. Public fishing is within a block of the lot, including the stocked San Juan River and public ponds in the park to the east. Just across the valley to the south stands Reservoir Hill. This activity park is open to the public and offers a wonderful concert venue, miles of improved hiking and mountain bike trails, a terrific (and free) disc golf course amid the tall timbers, two viewing deck structures and a lush hidden meadow for picnics and snow shoes. The town's river walk is within a block of this special parcel and traces the picturesque waterway through town, featuring protected wetlands (a birdwatcher's paradise), community geothermal greenhouses, some free hot springs, three commercial hot springs spas and multiple manicured town parks. Of course, some of the greatest dining and shopping experiences are nearby in one of Colorado's friendliest communities, all surrounded by 2.8 million acres of National Forest and pristine Wilderness Areas (the largest in the lower 48 states). This unique lot is within the city limits and is zoned R-6 which affords the owner many optional uses, including further subdivision and up to six housing units per acre. You'll want to speak to the town planning department to learn of all of the options and restrictions. Special financing terms may be available through the property owner. Ask your realtor to inquire about the details. Experience this extraordinary opportunity before it is gone. Continue reading