Historical ranch that is surrounded by the National Forest on two sides with panoramic mountain views of the continental divide. This 163 acre property consists of exclusive rights to use the water rights for irrigation that are supplied by the Spring Creek Reservoir. There are multiple pastures and spring fed ponds that have multiple use for livestock. There is hay production capability and the property is equestrian friendly along with cattle and other livestock options. The ranch style home and large workshop/barn is situated on 5 acres. It is a one level home and consists of 1458 sq.ft. (2br. 1 bath) along with a third room that can be used as an office additional multiuse room. The kitchen is an open floor plan with a kitchen island and flows directly into the dining room. The living room leads out to an outdoor patio. There are multiple outside decks along with mature landscaping that surround the home. The home has a basement for additional storage and multiple uses. Personal property is negotiable at time of a sale. Located only a 15 minute drive from Pagosa Springs and is on one of the main corridors that is very desirable for all four seasons of outdoor recreation. The property is in agricultural tax status. A truly unique and rare opportunity