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942 Hidden Valley Drive
Pagosa Springs, CO 81147
$4,950,000
Conventional
Property
Bedroom
10
Bathroom
8
Property Type
Conventional
Square ft
11385
Property Description
The most desirable gated ranch development in Pagosa Springs; Hidden Valley Ranch. Pristine, gated, fire mitigated, and a 55-acre lake stocked with Rainbow Trout, Brown Trout & Snake River Cutthroats! The Watusi Ranch, offers unparalleled space and end of the road privacy for owners that enjoy entertaining and the company of important friends. Offered completely turn-key, including the electric Pontoon Boat. Just driving up is a “Wow” experience! Full round log triple porte-cochere with copper roof gutters and massive handmade Elk Chandelier. The main log home features high-end upgrades at every turn. 100-yr old, reclaimed wood floors from a tobacco warehouse, river rock Rumford Wood Fireplace, and handmade fallen antler chandelier, tall log beam supports with enough drywall to spread light, pristine chinking and massive covered decks surrounding all the main floor spaces. Main floor primary suite with guest rooms spread in upper and lower floors, give the main home lots of privacy. Head down to the game and media room for a round of pool, a hand of poker or just chill with a movie. Nearly 2,000 sf of decks/outside entertainment area with fireplace and fenced area for your dogs. Nearby at the newly repurposed barn Guest Lodge, you will find 6 bedrooms, with stunning Mountain Peak Views, separate game room, at the east end--just bring the popcorn. The spaces in the Guest Lodge are perfectly crafted and constructed. A huge, very well-appointed and finished kitchen, lots of natural light, comfortable dining area and family room with views, huge rock fireplace, two large decks at to the outside. The lower level is totally insulated and heated, with space for vehicles, pontoon boats, Razors, ATVs, and toys, (full drive-through), workshop, storage, powder room, and the mechanical room. Wander outdoors and you will find a creek running through the lower section of the property to a small pond for the 4-leggeds. Over 135 acres rich in Ponderosa Pine, White Fir, Colorado Blue Spruce, and Aspens with views of both North and East range of the San Juan Mountains. Three separate but contiguous tracts with an abundance of options for the owners. Hidden Valley has 300 acres of common space reserved for ranch owners, a 55-acre private lake teeming with fish, a boat dock is available for small watercraft & endless fishing opportunities or enjoy a quiet, serene canoe or paddle board across crystal clean mountain waters. A couple miles up the road from the ranch will take you to multiple San Juan National Forest gates into 2.5 million acres of forest and wilderness. Hike or ride to Four-Mile Falls, Quien Sabe Lake, and the hidden forests beyond. Only 6 miles to Historic Downtown Pagosa Springs for a soak in the Pagosa Hot Springs, walk the San Juan River trail, float, or fish the river, play disk golf on Res Hill or take in one of the trendy mountain eateries. 25 mins to Wolf Creek Ski Area, Pagosa Mountain Hospital is just 10 minutes from downtown. AvJet FBO at Steven’s Field can accommodate small and large private aircraft. Commercial flights via United, and American, just an hour west at La Plata Airport near Durango. If you are a qualified buyer looking for a stunning one-of-a-kind private mountain setting and residence for you and your guests, this is it. Note- total square footage includes ground level of barn as all walls and ceilings are fully insulated and heated, with a powder room and entry lobby. Call to schedule your private tour of this masterpiece today.
Property Information
Lot Size
62 acre(s) square ft
Property Type
Other
Year Built
2004
MLS Number
793697
Location
Address
942 Hidden Valley Drive
City
Pagosa Springs
State
CO
Zip Code
81147
County
ARCHULETA
Listing
Provider
Engel & Völkers Pagosa Springs, original listing
Name
Engel & Völkers Pagosa Springs
Phone
(970) 264-7000
Office Name
Engel & Völkers Pagosa Springs
Office Phone
(970) 264-7000
Agent Name
Mike Heraty

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HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.