River Springs Ranch is set on 72 riverfront acres with Abundant Water The property located on the North Fork of the Gunnison River is a rare offering defined by abundant water, exceptional privacy, and captivating views. Comprised of two legal parcels with the ability to build up to four residences, the property includes one domestic water tap, with the opportunity to utilize one of the natural springs as a domestic water source for additional homes (please see attached documents for details). Water is one of the ranch's greatest assets. Nine natural springs are decreed to provide 0.5 cfs, complemented by 16.5 shares of Paonia Ditch water—one of the North Fork Valley's oldest and most reliable irrigation systems, traditionally delivering water into October. With over a half a mile of river frontage, this property flourishes. Adding to the land’s allure, Short Ditch runs through the property. Positioned at the end of quiet Coburn Road, the ranch enjoys sweeping views of the Grand Mesa, the West Elk Mountains, the North Fork of the Gunnison River, and the surrounding countryside. Soak in this peaceful setting or venture 3 miles to the vibrant town of Paonia, offering a renowned blend of agriculture, art, local food, wineries, and outdoor recreation. Historically used for cattle grazing, the property currently benefits from favorable agricultural tax status while offering tremendous potential for alternative agricultural ventures, including specialty crops or livestock, orchard, vineyard, or regenerative farming. The property produces a bountiful wild asparagus crop each year. The ranch's wetlands, cottonwood forests, river frontage, and abundant water create an exceptional wildlife habitat. Elk, mule deer, black bear, bald eagles, hawks, cranes, waterfowl, and countless other species frequent the property, making it an extraordinary setting for nature lovers, conservation-minded owners, or wildlife rehabilitation opportunities. The elk herd has overwintered in the area and has numbered in the 100s. Additionally, Elevate high-speed fiber optic internet is available. Whether envisioned as a private legacy ranch, family compound, conservation property, agricultural enterprise, or water-rich retreat, River Springs Ranch presents a truly unique opportunity in Colorado's North Fork Valley. Located next to a 410 acre conservation easement, the property's exceptional natural resources make it an outstanding candidate for a conservation easement. **Irrigated acreage was estimated by aerial map. Appointment necessary as road easement crosses private land.
Active
$1,987,000
38153 Coburn Road, Paonia, CO 81428
--beds
--baths
72Acres
Unimproved Land
Built in ----
72 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Abundant waterNine natural springs
- 60 days
- 223
- 17
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Greta Gibb C:970-270-3311,
Paonia Realty LLC
Source: CREN,MLS#: 837984
Facts & features
Interior
Video & virtual tour
Property
Features
- Has view: Yes
- View description: Mountain(s), Valley
- Has water view: Yes
- Water view: Stream/River
- Waterfront features: River/Stream
Lot
- Size: 72 Acres
- Features: Wooded, Cul-De-Sac, Foothills, Corners Marked, Pasture
- Topography: Level
Details
- Additional structures: Equipment Shed
- Parcel number: 324315100040
- Zoning description: Agriculture,Residential Single Family
- Horses can be raised: Yes
Utilities & green energy
- Sewer: None
- Water: Domestic Installed/Paid, Spring, Tap Installed, Tap Paid
- Utilities for property: Electricity Connected, Internet
Community & HOA
Community
- Subdivision: None
HOA
- Has HOA: No
Location
- Region: Paonia
Financial & listing details
- Tax assessed value: $16,285
- Annual tax amount: $294
- Date on market: 8/11/2026
- Has irrigation water rights: Yes
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/11/2026 | Listed for sale | $1,987,000+134.9% |
Source: | ||
| 11/9/2020 | Sold | $846,000+88% |
Source: Public Record Report a problem | ||
| 9/23/2020 | Price change | $450,000-47.1% |
Source: Needlerock Mountain Realty and Land, LLC #774584 Report a problem | ||
| 9/18/2020 | Price change | $850,000+88.9% |
Source: Needlerock Mountain Realty and Land, LLC #774584 Report a problem | ||
| 9/18/2020 | Pending sale | $450,000 |
Source: Needlerock Mountain Realty and Land, LLC #774584 Report a problem | ||
| 9/15/2020 | Listed for sale | $450,000 |
Source: Needlerock Mountain Realty and Land, LLC #774584 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $77 +5% | $4,397 +268.9% |
| 2024 | $74 +4.8% | $1,192 |
| 2023 | $70 -6.6% | $1,192 +8.4% |
| 2022 | $75 | $1,100 -40% |
| 2021 | -- | $1,833 -70.9% |
| 2020 | $399 -10.1% | $6,300 -0.4% |
| 2019 | $444 | $6,324 -6.7% |
| 2018 | $444 +12.9% | $6,781 |
| 2017 | $394 +23.7% | $6,781 +18.8% |
| 2016 | $318 +1.3% | $5,710 +22.8% |
| 2014 | $314 | $4,648 |
| 2013 | -- | $4,648 -3.8% |
| 2012 | -- | $4,830 |
| 2011 | -- | $4,830 -8.2% |
| 2010 | -- | $5,259 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 81428
Nearby schools
Schools provided by the listing agent
- Elementary: Open Enrollment
- Middle: Open Enrollment
- High: Open Enrollment
Source: CREN. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.





