Investors take note—this income-producing mountain home offers exceptional short-term rental potential, unbeatable views, and strong long-term appreciation in one of the most desirable areas of Pagosa Springs. This spacious four-bedroom, three-bathroom property features unobstructed views of Pagosa Peak—a premium amenity that drives vacation rental demand year-round. Designed with flexibility and revenue in mind, the home includes a separate lower-level entrance, making it ideal for multigenerational living, dual-unit rental potential, or maximizing nightly rental income. The ability to add a second washer and dryer creates convenient, independent living spaces for guests. Ample parking, including a half-circle driveway and oversized garage with floor drains, easily accommodates multiple vehicles, trailers, or outdoor gear—an important feature for high-occupancy rentals. Recent upgrades enhance both value and guest appeal, including granite kitchen countertops, a new hybrid electric heat pump water heater, new gas central heating system, upgraded lighting throughout, additional insulation in the new garage door, and fresh neutral interior paint. The backyard has been professionally fenced, making this an ideal pet-friendly vacation rental—a highly sought-after feature that increases booking rates and nightly premiums. Electricity has already been installed on the lower patio, making it turnkey ready for a hot tub—one of the best ways to boost rental revenue and guest satisfaction. Located near Hatcher Lake and the Pagosa Lakes Recreation Center, owners and guests enjoy exclusive access to private fishing lakes, indoor pool, fitness center, pickleball, and racquetball. Outdoor recreation opportunities are endless, with hiking, mountain biking, snowmobiling, and cross-country skiing at Turkey Springs and world-class fishing—including Kokanee salmon runs—at Williams Creek Reservoir. Adding to the investment appeal, the current VA loan may be assumable at a low interest rate, offering significant financing advantages and improved cash flow potential. With its premium views, flexible layout, recent upgrades, and prime location in a high-demand vacation market, this property represents an outstanding opportunity as a short-term rental, second home, or long-term investment in Pagosa Springs real estate.