IMPORTANT: BE SURE TO READ TO THE END RE: "AS-IS" CONDITION. A rare and truly unique riverfront opportunity in Pagosa Springs—offering over 500 feet of frontage along the Rio Blanco and set on two separate parcels, this legacy estate property is ready for its next chapter. Tucked well off CR 335 behind gates with two private access points, private but still close to downtown Pagosa Springs, the Pagosa Hot Springs, pickleball, Res Hill and all the events and festivities downtown. Eastern views toward Square Top Mountain and the soothing presence of the river – best of both worlds. The land itself tells a story. Once a tree and apple farm, the infrastructure for irrigation and cultivation is in place (condition unknown), presenting a compelling opportunity for a buyer with vision to revive the orchard or create something entirely new. Wildlife is abundant—deer, ducks, geese, turkey, fox, and more frequent the property—adding to the natural appeal. The property includes two residences: • A larger D-log home built in 1976 has 2 bedrooms, 2 baths, and additional bonus space which could be a third bedroom with a septic upgrade, along with a covered deck and rustic character throughout • A separate 440 sq ft guest home with 1 bedroom, 1 bath, and gas heat—ideal for extended family, rental potential, vacation rental to off-set ownership or use to fund improvements or caretaker use. Additional improvements include a detached garage, storage buildings, a loafing shed, and extended electrical service running from the homes to the north end of the property. The well located near the river supplies water to both residences and the former orchard area. The Rio Blanco itself is a standout feature, with this stretch benefiting from restoration as part of the Rio Blanco Restoration Project—enhancing both usability and long-term value. This is not a turnkey property. It is a project with exceptional upside. The structures, layout, water features, acreage, and location create a foundation that is incredibly hard to replicate in today’s market. With the right investment and vision, this could become a legacy river estate, multi-generational retreat, or unique income-producing property. Important Note: This is an estate sale and the property is being sold strictly “As-Is.” The home has been vacant for several years and will require updates, repairs, and likely improvements to the On-Site Wastewater Treatment System for compliance. Well testing and any infrastructure evaluations shall be at Buyer’s expense. The Seller has priced the property accordingly to reflect these factors. Will not qualify for FHA or VA. Be prepared with funding information in the form of Pre-qual or Proof of Funds. For buyers seeking a one-of-a-kind river setting with privacy, water, acreage, and multiple structures—this is an opportunity that rarely comes available in Pagosa Springs.