Waterfront - Seller Financing
Address
988 S 5th Street Pagosa Springs, CO
Price
$ 7,700,000
Property Attributes
  • MLS#784471
  • TypeLand
  • CountyARCHULETA
  • CityPagosa Springs
  • AreaPS01
  • NeighborhoodZ01-N-S-01 Old Pagosa Springs
  • Zip81147
  • StyleAgricultural
  • Taxes$ 217
  • Price$ 7,700,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size105.11 Acres
Listing Provided Courtesy Of:
Jann C Pitcher Real Estate
Data Source:
Colorado Real Estate Network (CREN) - 253 - CO
Property Description

This is a rare opportunity to own the largest RIVERFRONT parcel bordering the town of Pagosa Springs, Colorado with vested water rights, stunning mountain views, nearby town amenities and public utilities. This incredibly unique 105.11+/- acre property (the "JEM 105") includes approximately 1/2 mile of private, riverfront that has been professionally restored to protect the river, enhance fish habitat and provide three custom-built water features for river activities such as kayaking, fishing, tubing, swimming or rafting. This property also has vested water rights that are used to irrigate the meadow with solar power and to fill the private, river-fed pond, and there are also additional water rights available for beneficial use. In addition to the river restoration, the property features healthy trees that have been protected with forest restoration work. The JEM 105 has diverse terrain and topology with four distinct areas of the property: 1) NE private deep swimming hole/pond, private "beach" near river water feature, rock cliff riverfront and private island; 2) SE irrigated meadow, large island and riverfront; 3) SW lush meadow with seasonal springs and forested hill with exceptional mountain and river views; 4) NW large forested, hilltop meadow on the with stunning mountain, river and town views. There is cross fencing on the property for cattle grazing in the top 75 acres of the property. You can easily walk from this JEM 105 property to all town amenities including restaurants, schools, grocery stores, retail stores, parks and the hot springs. Although the JEM 105 is currently zoned agricultural and is outside the town limits, it is within the Pagosa Area Water and Sanitation District (PAWSD) and has water, sewer and electrical power lines running across the property. It is also included in the Town's master plan and adjoins riverfront land owned by the Town that is currently being planned as an extension of the Town's "Yamaguchi" sports park. This is the perfect opportunity for a private ranch, developer, or investor looking to own some prime riverfront property near Town. Owner may carry with 50% down. The seller is a licensed real estate agent in the State of Colorado.

Elementary School Middle School High School
Pagosa Springs K-4 Elementary School Pagosa Springs 5-8 Middle School Pagosa Springs 9-12 High School
Price History
7/12/2021 Listed $7,700,000

General Features

Class LAND
Hoa Y/n No
Property Description Fishing Rights, Pasture, Wooded Lot
Status Active
Status Active
Subdivision Z01-N/S-01 Old Pagosa Springs
Topography Level, Rolling, Sloped, Steep
Type Agricultural
Utilities Electricity Near, Internet, Natural Gas Near, Other, Phone - Cell Reception, Phone Near
View Lake/Pond/Reservoir, Mountains, Stream/River, Valley
Water Tap Avail Yes
Waterfront Pond, River/Stream, Seasonal Stream/Spring
Zoning Agriculture, Business, Commercial, Live/Work, Residential Multi Family, Residential Single Family

Exterior Features

Apx. Irrigation Acres 8
Lot Dimensions ~2, 200ft x 2, 400ft
Lot Size Area 105.11
Water Rights/irrig. Yes
Waterfront Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in 81147

Price
AVG $540K
$7.7M
Taxes
AVG $1,151
$217
Visits
AVG 37
40
Walkscore
AVG 22
1
Data Provided by Walkscore ® not using MLS data