Presenting a rare opportunity to own one of Pagosa Springs’ most extraordinary legacy properties - where pristine wilderness, an abundance of live water, and unmatched privacy converge across 191.5 acres of breathtaking Colorado landscape. Bordered on three sides by National Forest, this remarkable ranch offers mountain views and the ultimate in seclusion and recreation, with a mile of the Rito Blanco River winding through the heart of the property. Two private, trout-stocked ponds - fed by live water flowing in and out - create a serene, park-like setting that is as functional as it is beautiful. The land itself is nothing short of exceptional. Gently rolling, irrigated meadows blend seamlessly with dense forests of old-growth Ponderosa Pine, Fir, Blue Spruce, and Aspen, while abundant wildlife roams freely across the property, enhancing the true Colorado ranch experience. The well maintained 3969 sf home me offers 4 bedrooms and 3 bathrooms and captures the surrounding natural beauty, while a separate studio apartment above the garage and multiple additional prime building sites throughout the ranch offer unlimited flexibility. With no covenants, six separate parcels, three wells, and 5.35 CFS water rights, this property presents endless possibilities - whether as a private family retreat, working ranch, or future generational estate. Located just 10 miles from downtown Pagosa Springs, the ranch enjoys convenient access to dining, shopping, world class skiing at Wolf Creek Ski Area and soaking in the famous Pagosa Hot Springs ... while still feeling worlds away. This is more than a property—it’s a legacy to be preserved, experienced, and passed down for generations.