Discover an exceptional 130.299-acre equestrian property west of Pagosa Springs with stunning views of Pagosa Peak and the San Juan Mountains, all just minutes from the shopping, dining, and entertainment of Pagosa Springs. Bordering nearly 6,200 acres of San Juan National Forest, the ranch offers direct access to over 30 miles of riding trails. Designed for serious horse enthusiasts, the property features a 10-stall horse barn with a spacious tack room and pivoting saddle wall, a 100' x 230' covered arena with excellent footing, a 50' x 145' covered arena, large outdoor arena, round pens, horse wash areas, open-air panel horse stalls, and cattle shipping pens. The custom 3-bedroom, 2 1/2-bathroom home includes a new wood-burning fireplace insert, granite countertops, and attached office spaces with a private bathroom. Accommodations include 13 heated bunk cabins and a centrally located lodge featuring two upper-level bedroom suites, men's and women's restrooms, four showers, a commercial kitchen with in-floor radiant heat, and a walk-in cooler. Additional improvements include multiple office buildings, a mercantile building, and 24 RV hookups with water and electricity. Infrastructure is supported by a 10,000-gallon cistern and Domestic Well Permit #69088-F allowing up to 2.85 acre-feet of annual water use. Whether envisioned as a private ranch, equestrian facility, retreat center, guest operation, or event venue, this unique property combines extensive improvements, mountain scenery, and direct access to thousands of acres of public land in one remarkable offering.