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$1,499,000
838802 MLS
Established, successful restaurant in place, brewery space, and two income producing apartments under one roof. Prime Main Street (Hwy 160) frontage in Pagosa Springs' historic downtown core. Restaurant space under lease through October 2027, plus a separate brewery/flex-space lease. Partially equipped commercial kitchen, brewery buildout, and geothermal radiant heat in place. Zoned Mixed-Use Town Center (MU-TC) — flexible for restaurant, retail, office, or residential use. Located in a year-round tourist destination near the hot springs and Wolf Creek Ski Area.

274 Pagosa St, Pagosa Springs
$1,750,000
2 Beds ⋅ 2 Baths ⋅ 838369 MLS
Riverfront Property on Hermosa Street in Downtown Pagosa Springs! Own a piece of San Juan River frontage in the heart of downtown Pagosa Springs. Located on Hermosa Street, this property offers an opportunity to enjoy the existing home today while considering the possibilities for the property in the future. The older home could serve as a full-time residence or long-term rental, or provide a place to stay while planning and building a new riverfront home, subject to applicable Town of Pagosa Springs building and development requirements. The location puts downtown amenities within easy reach. The San Juan River Walk is just outside, Town Park is approximately half a block away, and the Pagosa Springs hot springs, restaurants, coffee shops, bakery, shopping, and other downtown businesses are nearby. With San Juan River frontage and a downtown location, this property offers flexibility for someone searching for a Pagosa Springs riverfront home, downtown Pagosa Springs real estate, Colorado riverfront property, long-term rental property, or land to build a new home in Pagosa Springs. Enjoy the existing home now, generate potential rental income, or explore plans for a future home along the San Juan River.

227 Hermosa St, Pagosa Springs
$799,000
2 Beds ⋅ 1 Baths ⋅ 837931 MLS
Rare opportunity to own a true Colorado mountain escape in Pagosa Springs with NO HOA, river frontage, horse property potential, and direct access to the breathtaking San Juan National Forest. Situated on 16.8 usable acres, this extraordinary riverfront property features over 1,900 feet of private Rio Blanco frontage, offering unmatched privacy, world-class fly fishing, abundant wildlife, and the ultimate Southwest Colorado outdoor lifestyle. Surrounded by towering pines, open meadows, and peaceful mountain scenery, this unique A-frame mountain cabin blends rustic charm with modern upgrades. The 1,564-square-foot home has been thoughtfully updated with new windows and doors installed in 2023, fresh interior paint, updated flooring, foundation improvements, a new septic system, and a well-fed 1,000-gallon cistern system. Expansive Trex-style decking and a newly constructed 11’ x 27’ covered outdoor living area create the perfect setting to relax above the river while enjoying the sounds of flowing water and incredible views that feel like your own private mountain treehouse retreat. This exceptional Pagosa Springs river property is ideal for horse lovers, outdoor enthusiasts, ranch living, or anyone searching for a private mountain getaway with room to expand. Multiple outbuildings, a new garage, loafing sheds, and fenced pasture space provide flexibility for horses, livestock, recreational vehicles, or future improvements. With ample flat and usable acreage, there is plenty of room to build your dream mountain home, guest cabin, barn, or family compound. Wildlife is abundant with frequent sightings of elk, mule deer, wild turkey, and other native Colorado wildlife roaming the property and nearby national forest lands. Step directly from your acreage into thousands of acres of public land for horseback riding, hiking, ATV adventures, hunting, snowshoeing, and endless recreation in the beautiful San Juan Mountains. Fly fishermen will appreciate the improved section of the Rio Blanco winding through the property, creating an incredible private fishing retreat right outside your door. Located just minutes from downtown Pagosa Springs, you’ll enjoy easy access to shopping, restaurants, golf, medical services, and the famous The Springs Resort, home to the World’s Deepest Hot Springs. Plus, legendary powder skiing at Wolf Creek Ski Area is within easy reach for year-round adventure. Whether you are searching for a riverfront retreat, horse property, fly-fishing ranch, vacation home, investment opportunity, or legacy mountain property in Colorado, this one-of-a-kind Rio Blanco estate delivers privacy, beauty, recreation, and freedom that are increasingly hard to find. Owner financing may be available with acceptable terms and down payment.

101 County Road 339, Pagosa Springs
$199,000
1 Beds ⋅ 1 Baths ⋅ 837913 MLS
"Cozy Cactus" Escape the noise and discover your own private mountain retreat just 20 minutes from Pagosa Springs. Nestled on approximately 1 secluded acre surrounded by mature trees, this charming 1 bedroom, 1 bath home offers the perfect blend of rustic character and peaceful living. Step inside to a warm and inviting living room featuring a cozy wood burning stove, ideal for relaxing after a day of outdoor adventure. The unique loft can be and extra bedroom, hobby room, or a great retreat and adds to the home's charm, while the metal roof provides lasting durability and low-maintenance peace of mind. Outside, you'll find everything you need to enjoy country living. A welcoming wooden front porch is the perfect place to sip your morning coffee and take in the tranquil surroundings. The property also includes a carport, a wood storage shed, and a large storage building that offers endless possibilities, including use as a workshop, equipment storage, or even a horse barn. The home is equipped with a cistern water system with a pump house, septic system, and electricity, making it ready for full time living, a weekend getaway, or a vacation rental opportunity. If you've been searching for a quiet, secluded property with mountain charm and easy access to the amenities of Pagosa Springs, this hidden gem is one you won't want to miss. Property being sold AS IS.

892 Cactus Dr, Pagosa Springs
$1,350,000
837598 MLS
LIVE HERE. OPERATE HERE. INVEST HERE. Have you ever imagined leaving the busy life behind to live in a Colorado mountain town and run a business of your own? Pagosa Manor offers the opportunity to do exactly that. Located in the heart of downtown Pagosa Springs, this iconic 1903 property has recently received Mixed-Use Residential zoning approval, creating exciting possibilities for a boutique bed & breakfast, hospitality concept, wellness retreat, professional space, or other owner-operated business. Live on-site while welcoming guests, generate income from private living spaces, or create a business around the lifestyle that brought you to Pagosa in the first place. The location is hard to beat. Pagosa Manor sits directly across from the River Walk and within walking distance of downtown restaurants, shops, the San Juan River, and Pagosa's famous hot springs. The covered front porch overlooks the river and hot springs, while mountain and downtown views can be enjoyed from throughout the property. Hospitality is already part of this home's story. Over the years, Pagosa Manor has operated as a boarding house, restaurant, and bed & breakfast, with the original room numbers still remaining on the doors. Completely restored in 2023, the property retains the character that makes it special while major infrastructure has already been addressed, including new water and sewer lines, updated electrical, and a new roof. Original stained glass, intricate hardwood floors, custom built-ins, coffered ceilings, crown molding, gingerbread trim, and a widow's watch preserve its remarkable history. The layout is especially well suited for an owner-operated business. Two kitchens, three living areas, three dining spaces, two laundry rooms, a butler's pantry, office, and two private lock-off living spaces provide flexibility for guests and owner occupancy. The upper level includes a separate two-bedroom suite with its own kitchen and laundry. Outside, mature trees, lilacs, roses, fruit trees, perennial gardens, and multiple gathering spaces create an inviting setting for guests or private enjoyment. The property sits on two city lots, offering additional future possibilities for the second lot, subject to applicable approvals. Pagosa Manor is offered fully furnished and turnkey. For someone ready to trade the ordinary for a different kind of life, this is more than a historic property for sale. It's an opportunity to live in downtown Pagosa Springs, build a business around a one-of-a-kind setting, and write the next chapter of a property that has been welcoming people for more than 120 years.

157 S 6th St, Pagosa Springs
$1,000,000
2 Beds ⋅ 2 Baths ⋅ 837097 MLS
Enjoy the country life tucked away in this beautiful Hidden Gem setting. You can live in one of the Historical cabins while building your Colorado retreat home with amazing Pagosa Peak mountain views. Truly the place to be, close to all the Downtown amenities-Hot Springs, Restaurants, shopping, library, Elementary school, community center, and the San Juan River all within walking distance from the property. Plenty of room to expand on this 31 useable acreage right in the heart of downtown. Don't miss this opportunity to grab your slice of Colorado Heaven. There are 2 cabins on this property each has 1 bedroom and 1 bath, and kitchen. A few of the structures could easily be tuned in to a barn, small garage or storage space. Just vision your horses running free on this pristine property. Call for your appointment today!!

276 S 10th St, Pagosa Springs
$775,000
3 Beds ⋅ 3 Baths ⋅ 836940 MLS
Welcome to Fox Ridge Ranch, where historic legacy meets modern country living. Sprawling across 50 serene, fully fenced and cross-fenced acres, this exceptional property is an absolute dream for equestrian and hobby farm enthusiasts. The residence itself carries a rich history, originally built in 1923 as the Lone Pine Trading Post before a massive 2005 expansion flawlessly married timeless character with contemporary comforts. Inside, you’ll find fresh paint, new window blinds, and beautiful new downstairs flooring. The main-floor master suite boasts soaring vaulted ceilings and direct access to the back deck. The gourmet kitchen is a chef’s delight, loaded with granite countertops and abundant storage. Upstairs, a versatile loft—ideal for a home office or reading nook—complements two spacious guest bedrooms and a full bath. Recent functional upgrades include a brand-new water heater and a strong producing, permitted well with a cistern system. Outdoors, the land is a picturesque sanctuary featuring a spring-fed pond, seasonal Cat Creek, and regular visits from local deer, elk, and foxes. Authentic historic structures, including an old scale house and a classic barn, add undeniable charm, while the predator-proof chicken coop ensures your livestock stays safe. Host unforgettable gatherings under the covered entertainment pavilion (equipped with power and water) and enjoy plenty of storage in the oversized garage. Home is currently unfurnished even though pictures show it furnished.

6405 County Rd 700, Pagosa Springs
$890,000
4 Beds ⋅ 4 Baths ⋅ 836496 MLS
The Ridgley-Rustic Luxury in Pagosa Springs. Mountain Soul. Turn-Key Opportunity. Huge Mountain Views! Timeless mountain charm fused with modern comfort. This 3,000+ square-foot lodge offers 4 bedrooms, 4 bathrooms, a luxury kitchen, rich hardwood floors, and solid wood beams that create an unforgettable alpine atmosphere. Gather around the real wood-burning fireplace where the crackle of the fire and the scent of burning wood remind you why mountain living is unlike anywhere else. Slow down and savor every season. Covered decks, balconies, and a welcoming covered entrance. Offered turn-key furnished, with central water, this beloved guest retreat is ready to enjoy from day one—whether as your private escape or an exceptional investment. Just 2 miles from historic downtown Pagosa Springs, you'll enjoy the very best of mountain living, including the famous Pagosa Hot Springs, charming coffee shops, world-class dining, free-flowing rivers, and endless adventure. With 2.8 million acres of the San Juan National Forest and surrounding wilderness plus Wolf Creek Ski Area just a short drive away, every day offers something fun, fresh, and new. Experience the lifestyle that only Pagosa Springs can offer. Schedule your private showing today and discover The Ridgley Retreat.

3142b Us Hwy 84, Pagosa Springs
$599,000
3 Beds ⋅ 2 Baths ⋅ 836480 MLS
Location Location Location! This home is on .31 acres. It is located downtown just a few steps from Yamaguchi Park where you will find Pickleball courts, ball fields, skate park, dog park, picnic and BBQ areas and best of all the San Juan River for fishing, floating, kayaking and canoeing, plus the Pagosa Springs High School and football field just around the corner. Just a few blocks to the North is the World Class Hot Springs, downtown shopping, dining, schools etc.. This 3 bedroom 2 bath home has been partially remodeled, new appliances, open floor plan living/dining/kitchen and 4 car garage on 2 lots. Great Location for teachers, city employees or any one wanting to live downtown and take advantage of San Juan River, parks, school, ball fields, hiking, biking, shopping, dining etc... If Buyer does wishes to purchase the 3 extra lots they are only $300K they already have a city water and sewer tap. Remember location location location!

635 S 5th St, Pagosa Springs
$3,595,000
3 Beds ⋅ 836072 MLS
Discover an exceptional 130.299-acre equestrian property just minutes west of Pagosa Springs with stunning views of Pagosa Peak and the San Juan Mountains. Bordering nearly 6,200 acres of San Juan National Forest, the ranch provides direct access to over 30 miles of riding trails. Designed for horse enthusiasts, the property features a 12-stall horse barn with a spacious tack room and pivoting saddle wall, a 100' x 230' covered arena with premium footing, a 50' x 145' covered arena, a large outdoor arena, round pens, wash areas, open-air panel stalls, and cattle shipping pens. The custom 3-bedroom, 2.5-bath home offers granite countertops, a new wood-burning fireplace insert, and attached office spaces with a private bath. Accommodations include 13 heated bunk cabins and a central lodge with two upper-level suites, men's and women's restrooms, four showers, a commercial kitchen with in-floor radiant heat, and a walk-in cooler. Additional improvements include office buildings, a mercantile building, and 24 RV hookups with water and electricity. A 10,000-gallon cistern and water rights to irrigate 13.49 acres. Ideal as a private ranch, equestrian facility, or education center, this unique property offers extensive improvements, mountain scenery, and direct access to public land. An additional 107 deeded acres is available for purchase (CREN MLS# 836073), along with the possible transfer of 328 acres of State lease land, for $1,295,000, just .3 miles apart.

1134 Parelli Institute Dr, Pagosa Springs
$925,000
3 Beds ⋅ 2 Baths ⋅ 835964 MLS
PIEDRA RIVER PROPERTY WITH WATER RIGHTS. If you have been looking for a unique property along the banks of one of Colorado's highly coveted rivers with an ample amount of water rights, look no further. The Piedra River has it all and you could own approximately 1600 ft. of river access all to yourself. You will have to share this place with the abundant wildlife that also call it home. Often you will see deer, elk, turkey, and multiple species of fish that call the Piedra River home. Roughly 10 acres of irrigation is ready to go with an engineered diversion, underground pipeline, and gated pipe in place. A massive barn made with rough cut lumber and a lot of character is ready for hay if you so choose instead of grazing the field. Across the river you will find a lush riparian area with potential near the highway, and a strip of this property heads up to higher ground into pinon and juniper trees. Truly, the possibilities are endless. Main house 2BD/1BA plus detached studio with 1BA. Total square footage are the two dwellings combined. In addition, fruit trees and a smaller pasture with a chicken coop close by are very near to the house. This property has year-round access and the views of Chimney Rock from your porch are unmatched. DO NOT MISS THE BRANDED TOUR.

12248 Usfs 613 Rd, Pagosa Springs
$925,000
3 Beds ⋅ 835752 MLS
PIEDRA RIVER PROPERTY WITH WATER RIGHTS. If you have been looking for a unique property along the banks of one of Colorado's highly coveted rivers with an ample amount of water rights, look no further. The Piedra River has it all and you could own approximately 1600 ft. of river access all to yourself. You will have to share this place with the abundant wildlife that also call it home. Often you will see deer, elk, turkey, and multiple species of fish that call the Piedra River home. Roughly 10 acres of irrigation is ready to go with an engineered diversion, underground pipeline, and gated pipe in place. A massive barn made with rough cut lumber and a lot of character is ready for hay if you so choose instead of grazing the field. Across the river you will find a lush riparian area with potential near the highway, and a strip of this property heads up to higher ground into pinon and juniper trees. Truly, the possibilities are endless. Main house 2BD/1BA plus detached studio with 1BA. Total square footage are the two dwellings combined. In addition, fruit trees and a smaller pasture with a chicken coop close by are very near to the house. This property has year-round access and the views of Chimney Rock from your porch are unmatched. DO NOT MISS THE BRANDED TOUR.

12248 Usfs 613 Rd, Pagosa Springs
$280,000
2 Beds ⋅ 1 Baths ⋅ 835186 MLS
Rare Downtown Opportunity in Pagosa Springs. Built in 1898, this property offers value in its prime location on desirable Hermosa Street. The real opportunity lies in the land — a fantastic chance to build your dream custom home in the heart of beautiful downtown Pagosa Springs. Hermosa Street is undergoing a transformation, with stunning new million and multi-million dollar homes currently under construction. Enjoy the perfect blend of historic charm and modern luxury development. Just a short distance away, at the end of the street, provides public access to the river, while downtown restaurants, banks, the post office, and the world-famous Pagosa Hot Springs are all conveniently located nearby. Imagine designing and building your new custom home in this highly sought-after location — where historic character meets exceptional lifestyle and convenience. The home is being sold "as is" with the right to inspect.

226 Hermosa St, Pagosa Springs
$1,720,000
835010 MLS
Motel SOCO isn’t just a motel — it’s a fully operational hospitality and entertainment brand positioned at the intersection of adventure, culture, and experiential travel in one of Colorado’s fastest-growing mountain destinations: Pagosa Springs. Located just minutes from downtown and the world-famous hot springs, this reimagined 1940s roadside motel has evolved into one of the region’s most recognized lifestyle properties — blending boutique accommodations, live music, food + beverage, events, and outdoor community spaces into a single high-energy campus. Set on 3.5 acres — with an additional 3.5 acres available for expansion — the property includes a fully renovated and furnished 14-room boutique motel, restaurant + cocktail lounge, front office, RV hookups, and a flexible Quonset-style event structure. The site is also home to Pagosa Springs’ largest live music venue, creating multiple revenue streams across hospitality, weddings, retreats, concerts, brand activations, private events, and curated experiences. What makes Motel SOCO compelling is its positioning. This is the kind of asset younger travelers actively seek out: authentic, design-forward, experience-driven, and rooted in community. The property already carries strong local identity and a built-in following centered around its “good vibes only” culture — something that can’t easily be replicated by traditional hotel operators. The outdoor spaces are designed for connection and activation, featuring mountain views, gathering areas, lawn games, volleyball, picnic spaces, and event-ready infrastructure that naturally supports social programming and destination experiences. For investors, operators, or creative entrepreneurs looking for more than a passive real estate play, Motel SOCO offers the opportunity to own a lifestyle-driven hospitality brand with expansion potential in a market fueled by tourism, skiing, hot springs, wellness travel, and outdoor recreation. With proximity to Wolf Creek Ski Area and the renowned Pagosa Hot Springs, the property is strategically positioned to continue growing as both a destination and a platform for future development. This is not a legacy motel. It’s a scalable experiential hospitality concept with real estate upside, cultural relevance, and room to build something iconic.

651 W Us Hwy 160, Pagosa Springs
$1,595,000
3 Beds ⋅ 3 Baths ⋅ 834449 MLS
Welcome to this highly coveted and rare offering in the Upper Blanco Basin! This exquisite mountain retreat is an absolute paradise on 14 plus alpine acres at the end of the Upper Blanco Basin and bordering the San Juan National Forest. The property has the perfect balance of lush irrigated pastures for livestock as well as old growth, dense forests including douglas fir, spruce, pines and aspen groves. Surrounded by and sitting at the base of towering mountains, the 2,300 sq. ft. fully furnished and move-in ready cabin has 3 bedrooms, loft, 2.5 baths with floor to ceiling windows, spectacular two-story stone fireplace and vaulted wood ceilings. The property is set for horses or cattle with two irrigated pastures, corrals and trails right out your back door into the rugged San Juan Mountains and the Blanco River Trail. This is a turn-key, move-in ready property including all furniture, art including paintings from local artists, decor, toys, tools and equipment including Bobcat/ skidsteer loader and attachments, 3 ATV's, 2019 Kawasaki mule, grill and smoker, hot tub, outdoor shower and patio furniture. There are two garages with 5 bays for storage. Bring your clothes, toothbrush and food and start living your dream. This Legacy Property is ideal for outdoor adventures in nature's solitude inspired by the most dramatic mountain setting available.

13750a County Road 326, Pagosa Springs
$380,000
2 Beds ⋅ 1 Baths ⋅ 833209 MLS
Two minutes from coffee, dinner, the river, and everything that makes Pagosa Springs worth living in, this charming 2-bed, 1-bath cottage puts you right in the middle of it all without the noise of being on top of it. Pagosa Springs, Colorado is one of the most sought-after mountain towns in the Southwest. Home to the world's deepest geothermal hot springs, Wolf Creek Ski Area, and some of the most breathtaking scenery in the San Juan Mountains, it's no surprise buyers from Texas, Arizona, New Mexico, and beyond are making the move. Inside, you'll find a freshly updated interior that's move-in ready and easy to love. Outside, a massive back patio that's practically begging for a fire pit, a dinner party, or a Sunday morning with nowhere to be. Whether you're planting roots or escaping the city on weekends, this one checks the box. Walkable. Updated. Priced in the $300s. In Pagosa Springs.

335 S 9th St, Pagosa Springs
$499,500
3 Beds ⋅ 2 Baths ⋅ 832829 MLS
Charming 1901 home and cottage style ADU in downtown Pagosa Springs, Co.. Walk to all downtown amenities. Inspection has been performed and most inspection items have already been completed. Home is ready to go to the next Pagosan! Radon test has been performed and came in low. Corners have been flagged by a surveyor. Steps away from one of the best fly-fishing holes and summer tubing locations on the San Juan River located in beautiful Pagosa Springs, Colorado and minutes from the Wolf Creek Ski area sits this completely remodeled 1901 adorable home with guest house out back with renter paying 1100. mo. for instant income. Endless opportunities for growth on this downtown Pagosa Springs .14-acre location. The electric, insulation, plumbing, roof, kitchen, bathroom, paint and pretty much everything in this home is newer and has been touched and loved by the current owner, 3 forms of heat including wood stove, ETS and an efficient wall heater plus an adorable natural gas freestanding stove make this a very easy keeper in the winter months. Fully landscaped yard front and back with many perennial and native Colorado trees and flowers complete with the white picket fence, huge redwood deck and covered front porch make this a perfect peaceful, tranquil place to enjoy dinners or morning coffee. On the property are 3 very nice large storage, wood or toy sheds with easy access. The main home is 1336 sq. ft. with 2 bedrooms with optional sleeping loft with closet and egress 1 bath and the guest cottage is 512 sq. with 1 bedroom and 1 bath. Hot tub off the main floor bedroom is set with a privacy fence and storage area plenty of room on the property for a garden. This is a must see to appreciate all the love and care that has gone into this historic home!!! Call us today for a showing! Home has been inspected and is ready to go. Home inspection has been performed and most items have been made!! Home is ready to go. Radon 3.5.

107 Lewis St, Pagosa Springs
$1,350,000
6 Beds ⋅ 6 Baths ⋅ 832691 MLS
LIVE DOWNTOWN. OWN A PIECE OF PAGOSA HISTORY. What if living in Pagosa Springs meant walking across the street to the River Walk, strolling to dinner or the hot springs, and coming home to a beautifully restored piece of downtown history? Built in 1903 and completely restored in 2023, Pagosa Manor offers something increasingly difficult to find: historic character, modern updates, space for family and guests, and a truly walkable downtown location. Original stained glass, hardwood floors, custom built-ins, coffered ceilings, crown molding and period details remain throughout the home, while major improvements include new water and sewer lines, updated electrical and a new roof. Two kitchens, multiple living areas, two laundry rooms and private lock-off spaces create exceptional flexibility for guests, extended family, working from home or simply having room to spread out. Outside, the home occupies two city lots with established landscaping, mature trees and a covered front porch overlooking downtown, the river and the hot springs area. Restaurants, parks, shops, the San Juan River and Pagosa's famous hot springs are all within easy reach. Mixed-Use Residential zoning adds possibilities for the future, while today the property is an extraordinary downtown residence. Offered fully furnished and turnkey at $1,350,000, this is an opportunity to own one of Pagosa Springs' most recognizable historic homes and experience downtown from your own front porch.

157 S 6th St, Pagosa Springs
$1,350,000
5 Beds ⋅ 2 Baths ⋅ 832652 MLS
Offered for the very first time in over a century, this remarkable legacy property has been lovingly held by the Day family for over 80 years. Set on just under 13 acres with direct access to the San Juan River, this is a rare opportunity to own a true piece of Pagosa Springs history. At the heart of the property sits a stout and timeless 5-bedroom, 1.5-bath full log cabin, constructed in 1956. Rich with character and built for longevity, the home offers 2,116 square feet of living space, complemented by a full cinder block basement and screened in back porch—providing exceptional storage, utility, or future expansion potential. The fully fenced yard surrounding the home creates a secure setting, ideal for pets, gardening, or simply enjoying the surroundings. In addition to the residence, the property features a detached, two-car garage and an impressive three-bay machine shop with an additional workshop space—perfect for hobbyists, craftsmen, or those needing substantial workspace. The land itself is as diverse as it is beautiful, offering a unique blend of open pasture, maintained yard, rolling hillside, and scenic riverbank. Whether you're seeking recreation, small-scale agriculture, or a private retreat, the possibilities here are truly endless. Conveniently located just 5 minutes from downtown Pagosa Springs—home to renowned hot springs, dining, and shopping—and only 25 minutes from Wolf Creek Ski Area, this property combines heritage, and accessibility in one extraordinary package.

2520 E Hwy 160, Pagosa Springs
$669,000
5 Baths ⋅ 832651 MLS
Accepting Offers until Tuesday March 24 by 5 PM MST. Offered for the first time ever, Day Apartments present a rare and compelling investment opportunity with deep local roots, having been owned by the Day family for over 80 years. Originally developed in 1965 to support local housing needs, this solidly constructed four-plex stands as a testament to quality and longevity. Each of the four nearly identical 800 square foot units offers a spacious living area, an eat-in kitchen complete with pantry, two comfortable bedrooms, and one full bathroom. Tenants will enjoy private rear balcony or patio access with peaceful views overlooking the San Juan River, creating an inviting and desirable living environment. A shared basement laundry area adds convenience and functionality for all units. Also included on the 1-acre parcel is a charming 636 square foot cabin featuring one bedroom and one bathroom—ideal for additional rental income, guest accommodations, or owner occupancy. With all units currently vacant, this property is primed for its next owner to establish market rents, pursue long-term or short-term rental strategies, or reimagine the space entirely. With its unique setting, strong rental potential, and legacy ownership, Day Apartments offer endless possibilities for investors and visionaries alike. Conveniently located just 5 minutes from downtown Pagosa Springs—home to renowned hot springs, dining, and shopping—and only 25 minutes from Wolf Creek Ski Area, this property combines heritage, and accessibility in one extraordinary package.

2530 E Hwy 160, Pagosa Springs
$105,000
3 Beds ⋅ 1 Baths ⋅ 825323 MLS
Beautiful property with Lake and Mountain views. Located within walking distance to Navajo Lake. Close to Durango and Pagosa. 3 Bedroom 1 Bathroom home with a lot of potential. House needs alot of work. Seller has no knowledge regarding utilities, water or septic but it appears these were in service at the property in the past. This property has plenty of room for an RV and Boat Storage.

40293 County Road 500, Pagosa Springs
$175,000
2 Beds ⋅ 3 Baths ⋅ 830660 MLS
Discover a unique opportunity for mountain living with this versatile 1.2-acre property. This residence offers an ideal blend of space, flexibility, and a stunning natural setting, making it perfect for a starter home, rental investment, or a family compound. The main home is a spacious 1,304 sq ft stick-built addition, connected to a 500 sq ft mobile home. It features large picture windows that frame breathtaking panoramic views of the surrounding landscape. The property also includes a charming, detached 576 sq ft cabin, built in 1993, complete with its own studio kitchen and bath—perfect for guests, a home office, or a potential rental income source. This property does need a new roof and is a fixer upper. Step outside to explore the fully usable 1.2 acres, with a partially fenced area ideal for pets. The property also features three useful outbuildings, providing ample storage or workshop space. While the well has been inspected and is functional, the home is serviced by a large 1,800-gallon cistern, ensuring a reliable and clean water supply. The septic system has also been recently inspected. This property offers an incredible value and multiple living options, all within a beautiful and serene setting. Don't miss the chance to make it your own!

109 Carols Curves, Pagosa Springs
$799,995
5 Beds ⋅ 2 Baths ⋅ 830532 MLS
Live in a piece of Pagosa Springs history. This pristine, historic Victorian home—originally built in 1913—has been meticulously restored and is ideally located in Historic Downtown Pagosa Springs. Every room reflects exceptional craftsmanship and thoughtful preservation, from the pressed tin ceilings and cornices to crowned trim and period details that capture the charm of a bygone era—yet still providing modern comforts. Plumbing and electrical systems have been updated without sacrificing character. Rich hardwood floors with custom accents throughout the home, and a beautifully updated chef’s kitchen. 2 Living areas on the main floor with an abundance of natural light - perfect for separation of tv or game space and visiting space. The main-level primary bedroom plus four additional guest spaces and fully restored bathrooms provide flexibility for family, guests, or home office needs - great private spaces for the remote worker. Outdoor spaces are equally inviting—perfect for morning coffee, quiet evenings, or simply enjoying Pagosa’s natural surroundings. It’s not uncommon to spot deer resting in the yard, a reminder of how effortlessly mountain living blends with in-town convenience. From your front door, walk to the Pagosa Hot Springs, stroll downtown shops, enjoy local coffee spots and eateries. Or head to the San Juan River for fly fishing, Disc golf on Reservoir Hill, bike to the 8 new pickleball courts, or explore miles of nearby trails. In just 30 minutes, you’ll be carving turns at Wolf Creek Ski Area, known for legendary powder days. Currently used as a vacation rental. Because this property is zoned "Mixed Use", a permit may be available quickly upon submitting the necessary paperwork. This beautiful Victorian is perfect for a primary home, mountain get-away or vacation rental for a new owner. With the rare zoning of “Multi Use” it could also be an office, B&B, working studio or use your creativity to find a perfect scenario for you! This is a truly rare opportunity to own an impeccably restored historic home in the heart of Pagosa Springs—where heritage, lifestyle, and outdoor adventure come together. PRICED TO SELL! Vacation renters onsite through the holidays but there are turnover days the home could be viewed.

302 Lewis St, Pagosa Springs
$3,120,000
6 Beds ⋅ 6 Baths ⋅ 830184 MLS
Presenting 1801 County Road 400 — a rare opportunity to own a beautifully restored historic estate minutes from downtown Pagosa Springs. Set on 41.33 private fully fenced acres with panoramic mountain views, this 6-bedroom, 5 1/2 bath home was originally built in 1898 and has been thoughtfully remodeled to blend rustic elegance with modern comfort. The home is being sold fully furnished with the exception of a few personal items. Step inside to a reimagined interior featuring top-of-the-line chef’s kitchen upgrades, including a 6-burner Wolf cooktop with infrared griddle, Wolf drop-down microwave, Viking French-door oven, Miele dishwasher, custom cabinetry, wine cabinet, stone countertops, shiplap accents, all-new wall tile, and updated lighting. The open kitchen and dining area offers a warm, inviting feel—ideal for everyday living and easy entertaining. Every window and sliding door has been replaced with Anderson Fibrex double-hung, high-performance SmartSun with Heatlock glass for improved efficiency and clearer mountain views. Throughout the home, enjoy new luxury waterproof vinyl plank flooring, fresh interior paint, and a cozy gas-log fireplace that complements the home’s classic character. All bathrooms have been fully renovated, featuring four custom-tiled walk-in showers and two soaking tubs. The primary suite includes a double shower with rain head and a relaxing luxury tub. Major system upgrades include a brand-new 6-bedroom septic system (August 2024) and a new full-house boiler with updated controls and thermostats (July 2025). Outdoor spaces were designed to take full advantage of the setting. The new 900 sq. ft. Trex deck features built-in benches, stainless steel cable railing, and Corten steel posts—perfect for taking in the views. The 2023 indoor/outdoor bar adds function and charm with pass-through windows, custom cabinetry, granite countertop, and built-in ice maker and refrigerator. This beautiful Southwest Colorado property offers a rare combination of historic character, practical updates, and quiet mountain living—an exceptional Pagosa Springs property ready to enjoy.

1801 County Road 400, Pagosa Springs
$817,000
829545 MLS
Own a piece of Pagosa'a historical downtown! This iconic property on main street offers several options for investment with a 3 office commercial space and a 2 bedroom residence. Zoned to allow long term or short term rental, or a work from home office set up. The Pagosa Street building features 3 offices, high speed internet, conference room, living quarters with 2 bedrooms and a Patio area, detached shop, and street side parking. Hwy 160 frontage and ample foot traffic for whatever sign your hanging provides a special opportunity. Located near restaurants and cocktail options for maximum exposure. The owners are also selling 783 Industrial Circle (Cloman Park)- A large industrial building with a 3 bedroom apartment.

250 Pagosa St, Pagosa Springs
$630,000
2 Beds ⋅ 2 Baths ⋅ 827686 MLS
Tucked at the end of a cul-de-sac on 2 acres that border actual National Forest, 104 Bear Mountain is your chance to disappear without going full hermit. There's an HOA, yes, but it mostly exists to keep things looking nice. Have you ever seen a wood fired hot tub? We bet you haven't. And yes, you get one of those with killer mountain views. Inside? It’s cozy x3. Think warm wood floors, rich wood ceilings, and a layout that practically begs for flannel and whiskey. Step outside and boom: trees, silence, and a front-row seat to the San Juan Mountains doing their dramatic thing. And when it dumps snow? You’re just 25 minutes from Wolf Creek, which means more turns and less road rage. This place is part cabin, part vibe, and fully ready for your Colorado chapter. If you're craving privacy, views, and just enough HOA to keep things clean without killing your joy then welcome home.

104 Bear Mountain Pl, Pagosa Springs
$610,000
3 Beds ⋅ 2 Baths ⋅ 828890 MLS
LOCATION...LOCATION...LOCATION! RARE FIND.... D LOG CABIN ON CR 400 (4 Mile) ON 2 ACRES. ONLY ONE MILE FROM DOWNTOWN PAGOSA. 3 Bedrooms, 2 bathrooms with an office. This home has so much potential. Hardwood floors throughout. Except for primary, bathrooms and office area. Wood burning stove in living area. Detached 2 car garage and carport. Views of the mountains, meadows, trees in the front yard. Possibilities are endless with this gem. Looking for a log cabin in Pagosa Springs with a few acres? One acre has solid 6-foot fencing for dogs or livestock. Agents, please see remarks.

1220 County Road 400, Pagosa Springs
$2,300,000
9 Beds ⋅ 9 Baths ⋅ 828884 MLS
"The Piedra River Resort" Saddle up and step into the western lifestyle you’ve been dreaming about. Piedra River Resort is a rare chance to own a thriving mountain retreat and trail-riding business, perched right on the banks of the legendary Piedra River just outside Pagosa Springs, Colorado. This one-of-a-kind property features up to six updated rental cabins (two designed as duplexes for larger groups and families), a permitted horseback trail-riding business with more than 4,000 acres of National Forest access, three RV sites with room to add more, and a riverside setting that delivers some of the finest troutfishing you’ll ever experience. For over 50 years, guests have been coming here to ride, fish, and soak in the magic of the San Juan Mountains. Every cabin and the surrounding grounds have been carefully renovated within the last two years, blending modern comfort with rustic Colorado charm. Fully furnished and turnkey, they offer visitors that authentic mountain-cabin experience—just steps away from the river’s edge. The main house itself is a slice of cowboy living: warm, welcoming, and ready for evenings by the fire after a long day on the trail. Alongside the cabins, three RV sites provide added flexibility and income potential, with plenty of space on the property to expand further. With special use permits already in place, the trail-riding operation offers everything from quick two-hour adventures to full-day excursions through country so stunning it’ll stop you in your tracks—towering pines, open meadows, granite cliffs, and the Piedra River winding through it all. This is real backcountry Colorado, and folks come from all over the world to see it from horseback. Life here is as rich as the mountain soil. Horses saddled at dawn, guests heading out for a ride under endless blue skies. Afternoons filled with fishing along thePiedra—known for its clear waters, rocky pools, and hard-fighting trout. Evenings bring it all together: campfires under the stars, guitars and live music, and the simple joy of community in a place where time slows down. Just down the road lies the friendly town of Pagosa Springs, famous for its natural hot springs, western festivals, and small-town charm. Locals know it as a place where community comes first, and where you’re never far from adventure—Wolf Creek Ski Area, vast wilderness trails, and world-class hunting and fishing are all part of daily life here. Owning Piedra River Resort means more than running a business—it means joining a lifestyle that embodies the best of the Colorado West. And the wider playground is just as rich. To the west, Durango offers dining, shopping, and the historic Durango & Silverton Narrow Gauge Railroad. The town of Bayfield and nearby Vallecito Reservoir are favorite spots for boating, fishing, and summertime fun. In winter, world-class skiing and snowboarding at Purgatory Resort add another layer of four-season adventure, all within a scenic drive of your front gate. With its extensive recent upgrades, fully permitted trail operations, three income-producing RV sites with room for expansion, and strong history as a resort destination, Piedra River Resort is ready for its next chapter. Expand the cabins, grow the RV offerings, build out more trail adventures, or simply live the life that others only dream of. A true 1031exchange opportunity for those seeking a generational investment and a legacy property. Financials are available with a signed confidentiality agreement and proof of funds

180 County Road 166, Pagosa Springs
$770,000
4 Beds ⋅ 2 Baths ⋅ 817093 MLS
Fully remodeled in 2014 this 1888 piece of Pagosa is one of a kind in history and location. Gatekeeping the base of Reservoir Hill, gives perfect a walkable launch-point to anything downtown Pagosa has to offer. Rez Hill Pedestrian and Biking trails (professionally designed for Mtn Biking) , and a 18 hole Disc Golf Course are at your doorstep. Music festivals are practically in your back yard. Easy steps to all 3 hot springs locations, the San Juan River and all of the downtown dining, shopping and cocktail options. The layout is well balanced with 2 bedrooms and 1 bath on each level, laundry and a small bonus living area upstairs, with main living and kitchen downstairs. Back area is semi protected outdoor space that could easily be expanded has proven to be a favorite area for visitors. High density Residential Zoning allows for 2 (possibly 3) more homes to be built on the lot adding layers of upside investment potential. You will find remnants of the historical aspects like the still functional, and beautifully maintained brick cellar and the original base of the barn from the late 1800's. The property has some historical significance. It was one of the first Sheriff’s houses. Henry W Adams was the Sheriff from 1907-1911. He was quoted to say "He lived here so he would be in the best location to take care of the town." Henry ran a pharmacy out of here, was a bit of a lawyer along with collecting some really interesting stories about saving some cattle rustlers from being lynched up on Reservoir Hill. Mostly vacant with some visitors, so easy to show. Being Offered fully furnished. Seller is a licensed Colorado real estate professional.

311 San Juan St, Pagosa Springs
$2,550,000
824703 MLS
This 13-acre San Juan River property offers a truly unique opportunity for a live-in, income-generating investment. It includes water rights, a well-built log cabin, two additional dwelling units (ADUs), and 31 RV sites with potential for expansion due to available land and septic capacity. The RV sites have been rented month-to-month for nearly 25 years, maintaining consistent occupancy with virtually no overhead. The main home is a three-bedroom, three-bathroom log cabin with an office, a large back deck and a hot tub that overlooks the San Juan, which holds a Gold Medal designation for trout waters. ADU #1 is a studio apartment with one-bathroom above the oversized detached garage, which has a workshop and laundry facilities for RV tenants. ADU #2 is a separate two story apartment with one-bathroom. The zoning supports various uses, such as RV's or tiny homes, and being just a short 5 minute drive to downtown Pagosa Springs (and 20 minutes from Wolf Creek Ski Area), the location can't be beat. Act quick, this is the hottest asset class out there and its priced to sell!

5360 E Hwy 160, Pagosa Springs

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