Rough Diamond Ranch offers 420± acres in the Navajo River Valley south of Pagosa Springs, Colorado. With senior water rights, private Navajo River fishing, stocked trout ponds, substantial improvements, and broad mountain views, the ranch brings together the core features buyers look for in a Colorado mountain holding. The property is set up for immediate use, with year-round access, a finished residential component, and infrastructure already in place across the ranch. The main residence contains 4, 216± square feet with five bedrooms and 4.5 bathrooms. Fully renovated in 2023, it features open beam construction, white oak flooring, barnwood siding, a fireplace, and a covered deck positioned to take in some of the ranch’s best views over the lake and surrounding mountains. An 864± square foot guest home adds comfortable space for guests, extended family, caretakers, or ranch staff, and the improvements also include a substantial garage component. The homes are further supported by two Navien boilers, solar power tied to the grid, underground power, a security system, underground sprinklers, and a hot tub, all of which add to the ranch’s livability and day-to-day function. The property is also reported to be offered furnished, which strengthens the turnkey aspect of the offering. Water is central to the ranch. Senior rights from multiple ditches support productive meadows and help keep the four newly constructed ponds full. Stocked with rainbow trout, the ponds add an immediate fishing component near the main improvements. A recently installed 10-inch water line distributes water across the ranch for livestock, irrigation, and future use. The property also includes private access to approximately one mile of Navajo River fishing, which gives the ranch a stronger live-water profile than most properties of this size. Infrastructure throughout the ranch has been improved with an upgraded road and trail system that provides easy access to the ponds, meadows, timber, and higher elevations. A 50 x 120 barn offers substantial room for equipment, livestock, hay, storage, or recreational gear. Additional improvements include an automatic gate, perimeter fencing, landscaped grounds, irrigated pasture, and water rights that support both the ponds and the ranch’s broader agricultural use. Located in Colorado Game Management Unit 78, Rough Diamond Ranch supports elk, mule deer, turkey, blue grouse, and other wildlife. The ranch qualifies for the Landowner Preference Program, including reported landowner deer tag potential, and the broader hunting profile is strengthened by strong forage, water, cover, and surrounding mountain habitat. Historically producing 280 to 340 class bulls, 170 to 200 inch mule deer, and additional species including bear, bobcat, and mountain lion, all of which reinforce the ranch’s wildlife value.