A Once-in-a-Lifetime Legacy Ranch Opportunity Near Purgatory Resort This is truly one of the most rare and breathtaking properties ever offered in the area. Once you experience it in person, you will immediately understand how extraordinary it is. There is simply no other property in the area that offers this combination of history, WATER, privacy, recreation, location, and development potential. Properties like this rarely come available. Located just 1.5 miles from world-renowned Purgatory Resort and premier golf courses, this remarkable property offers unmatched mountain views, a private spring-fed lake, and direct access to endless hiking and biking trails. Bordering National Forest on one side, the setting is private, peaceful, and absolutely unforgettable. With its incredible location and stunning natural beauty, it would make an exceptional Bed & Breakfast, luxury retreat, family compound, or legacy ranch property. Some of the highlights include, private spring-fed lake that can be stocked with fish, a second private spring both springs flow continually, one domestic well, one irrigation well, plus natural spring water which is some of the best in the world suitable for drinking, historic barn that served as the original homestead residence in the 1800s, historic home and additional outbuildings with studio apartment, fully fenced acreage with room for horses, cattle, and livestock, fertile land ideal for gardens and a fully organic lifestyle, borders National Forest for unmatched recreation and privacy, endless opportunities for hiking, biking, skiing, fishing, horseback riding and outdoor adventure. This historic ranch was homesteaded in the 1800s and has remained in the same family ever since. It has never before been offered for sale. Schedule your private showing today.
Active
$5,900,000
47632 N Highway 550, Durango, CO 81301
5beds
1,436sqft
Farm, Agriculture, Mountain, Residential/Single Family
Built in 1924
78.74 Acres Lot
$-- Zestimate®
$4,109/sqft
$-- HOA
What's special
Bordering national forestPrivate spring-fed lakeUnmatched mountain views
- 27 days
- 763
- 44
Zillow last checked:
Listing updated:
Listed by:
Shelly Lester lesterranchllc@gmail.com,
Dreamcatcher Properties, LLC
Source: CREN,MLS#: 834891
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 1
- Full bathrooms: 1
Features
- Has basement: No
Interior area
- Total structure area: 1,436
- Total interior livable area: 1,436 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Detached Garage
- Garage spaces: 2
Features
- Fencing: Barbed Wire
- Has view: Yes
- View description: Mountain(s)
- Has water view: Yes
- Water view: Lake/Pond/Reservoir
- Waterfront features: Lake/Reservoir
Lot
- Size: 78.74 Acres
- Features: Borders National Forest, Pasture, Wooded
Details
- Additional structures: Barn(s), Garage(s)
- Parcel number: 508935400006
- Zoning description: Agriculture
- Horse amenities: Corral(s)
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Farm, Agriculture, Mountain, Residential/Single Family
Materials
- Roof: Metal
Condition
- New construction: No
- Year built: 1924
Utilities & green energy
- Sewer: Septic Installed
- Water: Well, Spring, Well-Other
Community & HOA
Community
- Subdivision: None
HOA
- Has HOA: No
Location
- Region: Durango
Financial & listing details
- Price per square foot: $4,109/sqft
- Annual tax amount: $1,411
- Date on market: 9/13/2026
- Has irrigation water rights: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/13/2026 | Listed for sale | $5,900,000$4,109/sqft |
Source: | ||
| 8/6/2026 | Listing removed | $5,900,000$4,109/sqft |
Source: | ||
| 5/19/2026 | Listed for sale | $5,900,000$4,109/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 81301
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.




