
Residential Land for Sale in Pagosa Springs, Colorado
540 S 5th St, Pagosa Springs, CO 81147
Mike Heraty, ENGEL & VOLKERS Pagosa Springs, C:,,: Premier San Juan River Development Opportunity: The largest undeveloped building site within the highly desirable Pagosa Riverwalk area, this exceptional property offers a rare combination of location, flexibility, and long-term value. Situated along the San Juan River just south of historic downtown Pagosa Springs, the parcel presents one of the last opportunities to secure a substantial riverfront development site within walking distance of the area's most sought-after amenities.Zoning and site configuration allow for a wide range of development possibilities, including a custom single-family residence, duplex, triplex, fourplex, townhome project, condominium development, or a multi-unit residential community of up to ten units. Few properties in Southwest Colorado offer this level of versatility combined with such a prime riverfront setting. The site is fully served by central water and sewer infrastructure, with electrical and natural gas utilities readily available within the development, significantly reducing development complexity and cost. Expansive views of the surrounding mountain ranges and the San Juan River Deer, waterfowl, and other wildlife are frequent visitors, enhancing the peaceful character of this quiet and secure riverfront environment. Residents enjoy direct access to the river trail system, providing a pleasant walk to downtown Pagosa Springs, The Springs Resort, local restaurants, shopping, galleries, and community events.Whether your objective is to create an income-producing investment property, develop highly desirable riverfront residences, or build a personal retreat with supplemental rental opportunities, this offering represents a truly unique acquisition opportunity. Riverfront development sites of this size and quality have become increasingly scarce throughout Colorado, particularly those located within established communities and within walking distance of a vibrant downtown district.The demand for in-town, riverfront, low-maintenance residences continues to exceed supply. Future owners will enjoy immediate access to fly fishing, rafting, paddleboarding, hiking, and mountain biking, all from their front door. Riverfront development opportunities within the Town of Pagosa Springs are exceptionally limited, making this a compelling long-term investment.Whether you're ready to build now or secure a premium riverfront asset for the future, this is one of Pagosa Springs' most unique residential development opportunities.Call today to schedule a private tour and explore the development possibilities of one of Pagosa Springs' most compelling riverfront opportunities.
Location
- Street address
- 540 S 5th St
- County
- Archuleta County
- Zip code
- 81147
- Elevation
- 7,048 feet
Directions
From Downtown Pagosa Take U.S. Highway West to Hot Springs Blvd and turn left. Turn right onto Apache Street then right onto South 5th Street. The property will be on your right
Property details
- Lot size
- 0.2 acres8,712 sq ft
- MLS #
- CREN 838040
- Posted
Parcels
- 569924234010
Details and features
Listing
- Type
- Land
- Franchise
- Engel & Völkers
Lot
- Waterfront
- Yes
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Aug 12, 2026 | New listing | $449,000 | — | CREN |
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