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  • $499,000

    559 S 2nd Street, Pagosa Springs, CO 81147

    --beds
    --baths
    0.53Acres
    Unimproved Land
    Built in ----
    0.53 Acres Lot
    $478,800 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Mountain viewsDramatic viewsStunning alpine backdropCentrally located lot
    Zoned for up to 16 units per acre! Additional property available on adjacent lots. Own one of the most compelling development opportunities in the heart of Pagosa Springs. This 0.52-acre mixed-use residential parcel offers flexibility, mountain views, and walkability—an increasingly rare combination in this highly desirable mountain community. Development-ready parcel ideally suited for condominiums, townhomes, or single-family residences. Located in a rapidly growing and vibrant downtown area, this property offers exceptional convenience and lifestyle appeal. Just steps from the Riverwalk, Yamaguchi Park, the dog park, pickleball courts, Reservoir Hill, and other popular amenities, the site provides easy access to all utilities and currently has no HOA restrictions. Positioned to showcase sweeping views of Pagosa Peak and Saddle Mountain, the property provides a stunning alpine backdrop for a custom home, duplex, townhomes, or multifamily investment. With public utilities available and no HOA or covenants, you have the freedom to design and build without unnecessary restrictions. Location is everything—and this one delivers. Step outside to enjoy the scenic San Juan Riverwalk, spend afternoons fishing along the San Juan River, or take in small-town charm with front-row views of the town’s 4th of July fireworks. You’re minutes from the world-famous The Springs Resort, hiking and biking on Reservoir Hill Park, community events at Yamaguchi Park and Town Park, and live performances at the historic Liberty Theatre. For winter enthusiasts, legendary powder awaits at Wolf Creek Ski Area—just a scenic drive away. Whether you envision a primary residence, vacation getaway, or income-producing development, this centrally located lot offers unmatched potential, dramatic views, and year-round recreation at your doorstep. Opportunities like this in downtown Pagosa Springs are few and far between. Additional adjacent lots possibly available, call for details. See my contact info immediately below this description to schedule a showing!
    149 days
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    83
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    1
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    Zillow last checked:

    Listing updated:

    Listed by:

    Bryce Barnes 970-799-2042,

    EXIT Realty Home & Ranch

    Source: CREN,MLS#: 831907MLS Logo

      Facts & features

      Property

      Lot
      • Size: 0.53 Acres
      • Features: Cleared, Boundaries Marked
      • Topography: Level
      Details
      • Parcel number: 569924102001
      • Zoning description: Residential Multi Family
      • Horses can be raised: Yes

      Utilities & green energy

      • Sewer: Sewer Tap Available
      • Water: Tap Available
      • Utilities for property: Electricity Available, Natural Gas Available, Phone Available

      Community & HOA

      Community
      • Subdivision: PS Town Of Pagosa Springs - 01 Cnty Code 00440
      HOA
      • Has HOA: No
      Location
      • Region: Pagosa Springs

      Financial & listing details

      • Tax assessed value: $127,600
      • Annual tax amount: $1,014
      • Date on market: 2/25/2026
      • Electric utility on property: Yes
      • Road surface type: Paved

        Estimated market value

        $478,800

        $455,000 - $503,000

        $2,268/mo

        Price history

        DateEventPrice
        2/25/2026Listed for sale$499,000+6.2%
        Source: CREN #831907 Report a problem
        1/19/2026Listing removed$470,000
        Source: CREN #820587 Report a problem
        1/18/2025Listed for sale$470,000-6%
        Source: CREN #820586 Report a problem
        8/15/2024Listing removed$500,000
        Source: CREN #809064 Report a problem
        11/1/2023Listed for sale$500,000+525%
        Source: CREN #809064 Report a problem
        12/10/2014Sold$80,000-77.1%
        Source: Public Record Report a problem
        11/29/2006Sold$349,000
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$499 -25.1%$8,550
        2023$666 -4.5%$8,550 -18%
        2022$697 $10,430 -2.8%
        2021-- $10,730 +17.8%
        2020$595 -70.4%$9,110 -75.3%
        2019$2,014 -98.5%$36,930 +28.6%
        2017$135,068 $28,710 +30.6%
        2016-- $21,980
        2015-- $21,980
        2014-- $21,980 -18%
        2013-- $26,800
        2012-- $26,800 -24%
        2011-- $35,240
        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 81147

        Getting around

        20 / 100
        Car-Dependent
        12 / 100
        Somewhat Bikeable

        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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