Galles Properties

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Premier Colorado Real Estate

1301 County Rd 119
Pagosa Springs, Colorado CO 81147
Price: $12,950,000
Listing ID 775746
Status Active
Price/SqFt $0.60
Acres 492
Subdivision None

Property Description:

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 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, ATV’s 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 Brokers for maps, development documentation and additional information on this unique opportunity.
Layne Poma
Title: Broker Associate
Office Phone: 970.264.1250
Office Fax: 970.264.1255
Cell Phone: 970.903.7926

Primary Features

Short Sale: no
REO/Lender Owned: no
Property Sub Type: Residential
Utilities: Cable TV, Electricity Near, Internet, Natural Gas, Phone - Cell Reception, Phone Near
Livestock Allowed: Cattle, Horses
Modular or Mobile Allowed: No
Water Well: No
Zoning: Agriculture,Business,Commercial,Residential Multi Family,Residential Single Family

External Features

Approximate Irrigated Acres: 485
Irrigation District: MULTIPLE
Lot Size/Acreage: 200+ Acres
Property Description: Wooded Lot, Pasture
Subdivision: None
Street Description/Access: City/Town, Private, Paved, 150'+ Frontage
Views: Lake/Pond/Reservoir, Mountains
Water Front: no
Waterfront Description: Other, Pond

Location Information

Area: PS01 (Old Pagosa Springs)
Elementary School: Pagosa Springs K-4
Fronts: water
High School: Pagosa Springs 9-12
Middle School: Pagosa Springs 5-8
Parcel ID Number: 569924300004
Topography: Level, Other, Rolling, Sloped, Steep

Additional

Adjudicated: yes
Current Property Use: Cattle, Hay Pasture/Prod., Commercial, Ag/Livestock, Pasture(irrigated)
Domestic Sewer: Engineered Septic
Domestic Water: Public
Horse Setup: no
Legal/Lot Block: Phone Listing Broker for details.
Number Shares: 7
Possible Property Use: Commercial, Residential Single Family, Mountain Recreation, Ag/Row Crops, AgLivestock, Cattle, Dairy, Dry Land, Hay Pasture/Prod., Horses, Irrigated Farmland, Pasture (irrigated)
Press System: no
Sewer H/U Available: No
Sewer/Septic In: No
SqFt Source: Seller
Water Tap Available: Yes
Water Tap Installed: No

Zoning Info



The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2021. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to "limited license" rights. Duplication or reproduction is prohibited.
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Data last updated on: Friday, December 3rd, 2021.

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