PRICE REDUCED - Previously offered at nearly $1,400,000, now reduced for quick sale to $1,195,000. Additionally, to qualified Buyers Seller will consider an owner carry purchase loan for up to 1/3rd of the purchase price. Nestled within the embrace of the National Forest on two sides, this remarkable 163-acre property offers a rare glimpse into the past, surrounded by panoramic mountain vistas of the Continental Divide. Along with the proximity to 1000's of acres of National Forest, what sets this property apart is its exclusive access to the coveted water rights supplied by the Spring Creek Reservoir, ensuring abundance of irrigation with exclusivity of use for multiple pastures and spring-fed ponds that serve various livestock needs. This versatile ranch boasts hay production capabilities and is perfectly suited for equestrian enthusiasts, cattle ranchers, and those seeking a serene country lifestyle. Perfectly located for staging your hunting or ventures into national forest. The property offers potential for a future additional dwelling or luxury estate within a designated corridor. The majority of the property is protected through a Conservation Easement managed by Colorado Open Space. Despite such, the opportunity for additional building does exist. Currently on the property is a more than comfortable and well cared for ranch-style home, situated on 5 acres, exudes charm and comfort. With a spacious single-level floor plan spanning 1,458 sq. ft., it features 2 bedrooms, 1 bath, and an additional multi-purpose room that could serve as an office or flex space. Additionally, there is an entirely unfinished basement, which may offer additional function. The open-concept kitchen showcases a central island and seamlessly flows into the dining area, while the living room opens onto an inviting outdoor patio. Multiple decks and well-tended landscaping surround the home, creating an oasis of relaxation and natural beauty. Additional storage and versatile spaces can be found in the basement, offering endless possibilities. Personal property is negotiable, providing an opportunity to make this ranch your own. Located just a short 15-minute drive from Pagosa Springs and conveniently positioned along a desirable main corridor for year-round outdoor recreation, this property enjoys agricultural tax status and represents a truly unique and rare opportunity to experience the best of Colorado's ranching heritage and mountain living. Don't miss this great opportunity to buy and enjoy the remainder of the fall and winter. Price reduction was made to ensure sale prior to year end. Call lsiting agent for detaisl surrounding the Conservancy. ... Read more