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  • $540,000

    502 S 5th Street Unit B-6, Pagosa Springs, CO 81147

    3beds
    1,860sqft
    Condominium
    Built in 2008
    -- sqft lot
    $-- Zestimate®
    $290/sqft
    $2,489 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $2,489/mo

    Zestimate® history
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    What's special

    High-quality finishes insideRiver front opportunityGranite countertopsRusted corrugated steelWarmly invitingLarge windowsTowering ceilings
    Check out this extra special river front opportunity in historic Old Town Pagosa Springs. Terrific value and priced and even improved on September 2, 2025. Tastefully crafted to display a Colorado mountain Esque vibe, using rusted corrugated steel, large windows and creative stains outside and towering ceilings, granite countertops, alder wood doors and cabinetry and other high-quality finishes inside. This nest is warmly inviting, upgrade loaded and professionally staged to perfection. You'll be smitten from your first look. Two great decks add space to gather and entertain and the back deck offers a distinctive retreat which overlooks the banks of the majestic San Juan River, the town's trail system (a protected wetland reserve which accesses all of your favorite stores, shops, restaurants and parks) plus our wonderful Reservoir Hill recreation area, with miles of improved biking and hiking trails, sled hill, meadowy mountaintop music venue and mind-numbing overlooks. Like disc golf? 18 holes are one block away in the tall trees. Like to soak? All three of our trendy soaking sanctuaries are within walking distance of your front door. Oh, and did I mention that this honey has A/C? Yes, there is more: The master suite in the unit is "extra" with access to the river-facing back deck, large walk in closet and beautiful custom tiled shower enclosure. In fact, you'll find a lot of beautiful custom tile throughout, including the kitchen back splash. The kitchen has a great pantry. There is a wonderful Heat-O-Later fireplace below a custom wood mantle in the living room which adds warmth to the home in cooler months and ambiance all year around...with no mess. There is also a programable thermostat to regulate the heat in the home. Crank the windows open for that refreshingly pure mountain air, all year round. The single car garage is convenient and tall enough to hang some of your gear and to park you sleds. Owners at Riverwalk are invited to use the gazebo and courtyard to the rear of the buildings to enjoy the live-water Colorado experience. Roads to the condo are all paved, and city maintained. For added security, the units are accessed via central code-pass door and heated indoor hallways. Landscaping and snow removal are maintained by the Condo Owner's Association. Yamaguchi Park is only a one block stroll from your front door, to the south. There are extensive hard-surface riding and biking paths at the park, loads of lush grass, multipurpose fields, public fishing/tubing/kayaking access, rest rooms, skateboard park, basketball court, baseball stadium, pump track and glorious pickle ball courts. The beauty of the north range San Juan Mountains, backdrop the fields. The town promotes some great festivities at the fields during all seasons. Grab your snowshoes, fat tire bikes and cross-country skis in winter months, participate in some fun runs or mountain bike races on the adjacent trails, watch the High School teams competing at their track and field (Golden Peaks Stadium), across from Yamaguchi Park or celebrate the fireworks on Independence Day and Halloween from the park. You'll see all the hot air balloons from the park during Winter-Fest and Color-Fest and your pets will make loads of friends on the paths and trails surrounding this neighborhood and pouring over into old town. Also, there is a stunning public gazebo replete with riverside firepit and picnic tables for your next quiet evening or celebration. To say that you'll be right in the heart of the community here would not be an understatement. Hurry to see this beauty before it is gone. Scour the web and see if you can find anything quite like this beauty then take action to tour it soon. You'll be glad you did.

    Zillow last checked:

    Listing updated:

    Listed by:

    Jon Johnson C:970-946-3112,

    Sherpa Real Estate,

    Stephanie Yates 940-902-1771,

    Sherpa Real Estate

    Bought with:

    Wayne Marionneaux

    Best of Pagosa Springs

    Source: CREN,MLS#: 819733MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 2
    • 1/2 bathrooms: 1
    Dining room
    • Features: Kitchen Bar, Separate Dining
    Heating
    • Fireplace(s), Forced Air
    Cooling
    • Forced Air, Ceiling Fan(s)
    Appliances
    • Included: Dishwasher, Microwave, Range, Refrigerator
    • Laundry: W/D Hookup
    Features
    • Cathedral Ceiling(s), Ceiling Fan(s), Granite Counters, Pantry, Walk-In Closet(s), Air Lock Entry
    • Flooring: Hardwood
    • Windows: Window Coverings, Double Pane Windows, Metal
    • Has fireplace: Yes
    • Fireplace features: Heatilator, Living Room
    Interior area
    • Total structure area: 1,860
    • Total interior livable area: 1,860 sqft

    Property

    Parking
    • Total spaces: 1
    • Parking features: Attached Garage, Garage Door Opener
    • Attached garage spaces: 1
    Features
    • Levels: Three Story
    • Stories: 3
    • Patio & porch: Patio
    • Exterior features: Landscaping
    • Has view: Yes
    • View description: Mountain(s)
    • Has water view: Yes
    • Water view: Lake/Pond/Reservoir
    • Waterfront features: River Front
    Lot
    • Size: 435 Square Feet
    • Features: Adj to Greenbelt
    Details
    • Additional structures: Gazebo
    • Parcel number: 569924232007
    • Zoning description: Residential Single Family

    Construction

    Type & style
    • Home type: Condo
    • Property subtype: Condominium
    Materials
    • Wood Frame, Cedar
    • Roof: Composition,Metal
    Condition
    • New construction: No
    • Year built: 2008

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Central Water
    • Utilities for property: Electricity Connected, Internet, Natural Gas Connected

    Community & HOA

    Community
    • Subdivision: Co Riverwalk TH 1 - 01 Cnty Code 00940
    HOA
    • Has HOA: Yes
    • HOA name: River Walk COA
    Location
    • Region: Pagosa Springs

    Financial & listing details

    • Price per square foot: $290/sqft
    • Tax assessed value: $637,180
    • Annual tax amount: $2,492
    • Date on market: 12/4/2024
    • Electric utility on property: Yes
    • Road surface type: Paved

    Price history

    DateEventPrice
    8/12/2026Sold$540,000-10%$290/sqft
    Source: CREN #819733 Report a problem
    7/12/2026Contingent$599,900$323/sqft
    Source: CREN #819733 Report a problem
    9/2/2025Price change$599,900-3.2%$323/sqft
    Source: CREN #819733 Report a problem
    7/25/2025Price change$619,500-2.4%$333/sqft
    Source: CREN #819733 Report a problem
    3/19/2025Price change$634,900+1.6%$341/sqft
    Source: CREN #819733 Report a problem
    12/4/2024Listed for sale$624,900$336/sqft
    Source: CREN #819733 Report a problem
    11/22/2024Listing removed$624,900$336/sqft
    Source: CREN #817429 Report a problem
    9/27/2024Price change$624,900-3.7%$336/sqft
    Source: CREN #817429 Report a problem
    8/26/2024Listed for sale$649,000+54.5%$349/sqft
    Source: CREN #817429 Report a problem
    10/28/2020Sold$420,000$226/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$2,493 +38.6%$42,690
    2023$1,799 -4.5%$42,690 +51.6%
    2022$1,883 $28,160 -2.8%
    2021-- $28,970 +11.3%
    2020$1,701 +19.1%$26,020
    2019$1,428 -98.6%$26,020 +27.9%
    2017$105,572 $20,350
    Find assessor info on the county website

    Neighborhood: 81147

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Pagosa Springs K-4
    • Middle: Pagosa Springs 5-8
    • High: Pagosa Springs 9-12

    Source: CREN. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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