Skip main navigation
Active
  • $1,799,000

    704 Two Bear Drive, Pagosa Springs, CO 81147

    3beds
    3,453sqft
    : 
    $10,159/mo
    Get pre-qualified
    Stick Built
    Built in 2007
    38.2 Acres Lot
    $1,689,600 Zestimate®
    $521/sqft
    $-- HOA

    What's special

    Two Bear Ranch – Your Private Mountain Retreat If you’ve been searching for a property where privacy and recreation come together, welcome to Two Bear Ranch. Set within a 250-acre gated community with only three residences, this home offers unmatched seclusion — you won’t see another roofline from your deck. Bordered on two sides by 133,000 acres of National Forest, the adventure begins right outside your door with endless hiking and game trails. The log-and-timber home is in pristine condition, with newly sealed exterior, fresh paint and abundant natural light enhanced by a professionally thinned forest setting. The main floor features a primary suite, while the upper level provides additional guest space. The fully finished walkout lower level includes a family room perfect for a media or game area, and flexible space for gear storage, a fitness room, or home office. This space even has potential to be converted to a guest studio perfect for visitors, family or even multigenerational living. Outdoor living is year-round with covered Trex decks front and back, a hot tub to unwind after a day of skiing or fishing, and a firepit for gathering under the stars. The nearly new 1,500 sq. ft. shop with roll-up doors is ready for your equipment, vehicles, and toys — or could even be converted into an indoor Pickleball court. A small pond attracts deer, fawns, and the occasional bear, creating a true sportsman’s paradise. Efficient heating, solar gain, and a wood stove keep things comfortable, while the community provides central water and year-round road maintenance. Less than 15 minutes from Historic Pagosa Springs, home to World-Famous Hot Springs, the San Juan River, mountain shops and an abundance of restaurants. Pickleball your thing? 8 brand-new courts will have you meeting locals and vacationer alike. Wolf Creek Ski Area is less than 40 minutes away – full of powder, without the crowds, think fresh tracks for days. Pagosa Medical Center is nearby, and private air service is easily accessed at Stevens Field or commercial service is available an hour away Durango Airport with flights to Denver, Phoenix, Dallas and Houston. Two Bear Ranch isn’t just a home — it’s a lifestyle of privacy, adventure, and mountain living at its best.
    330 days
    |
    190
    |
    15
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Mike Heraty O:970-264-7000,

    ENGEL & VOLKERS Pagosa Springs

    Source: CREN,MLS#: 828450MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 3
      • Full bathrooms: 2
      • 1/2 bathrooms: 1
      Primary bedroom
      • Level: Main
      Dining room
      • Features: Kitchen/Dining
      Heating
      • Thermal Storage, Wood Stove
      Appliances
      • Included: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
      Features
      • Flooring: Hardwood, Tile
      • Basement: Finished,Walk-Out Access
      • Has fireplace: Yes
      • Fireplace features: Living Room
      Interior area
      • Total structure area: 3,453
      • Total interior livable area: 3,453 sqft

      Property

      Parking
      • Total spaces: 10
      • Parking features: Attached Garage
      • Attached garage spaces: 10
      Features
      • Patio & porch: Deck
      • Exterior features: Irrigation Pump, Garden
      • Has spa: Yes
      • Spa features: Private
      • Has view: Yes
      • View description: Mountain(s), Valley
      • Has water view: Yes
      • Water view: Lake/Pond/Reservoir
      • Waterfront features: Pond
      Lot
      • Size: 38.2 Acres
      • Features: Borders National Forest, Pasture, Wooded
      Details
      • Additional structures: Metal Building
      • Parcel number: 588727100020
      • Zoning description: Residential Single Family
      • Horses can be raised: Yes

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Log
      • Property subtype: Stick Built
      Materials
      • Log, Log Siding
      • Roof: Metal
      Condition
      • New construction: No
      • Year built: 2007

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Shared Well/Spring
      • Utilities for property: Electricity Connected, Internet, Propane-Tank Owned

      Community & HOA

      Community
      • Subdivision: Two Bear Ranch - 08 Cnty Code 00768
      HOA
      • Has HOA: Yes
      • HOA name: Two Bear Ranch
      Location
      • Region: Pagosa Springs

      Financial & listing details

      • Price per square foot: $521/sqft
      • Tax assessed value: $1,451,130
      • Annual tax amount: $5,499
      • Date on market: 9/12/2025
      • Electric utility on property: Yes

        Estimated market value

        $1,689,600

        $1.61M - $1.77M

        $3,938/mo

        Price history

        DateEventPrice
        7/1/2026Price change$1,799,000-10%$521/sqft
        Source: CREN #828450 Report a problem
        9/12/2025Listed for sale$1,999,000+37.9%$579/sqft
        Source: CREN #828450 Report a problem
        1/5/2024Sold$1,450,000-7.9%$420/sqft
        Source: CREN #808502 Report a problem
        11/30/2023Contingent$1,575,000$456/sqft
        Source: CREN #808502 Report a problem
        10/6/2023Listed for sale$1,575,000+110%$456/sqft
        Source: CREN #808502 Report a problem
        10/10/2013Sold$750,000-6.3%$217/sqft
        Source: Public Record Report a problem
        9/28/2013Price change$800,000-33.1%$232/sqft
        Source: Riverside Properties #680018 Report a problem
        5/17/2013Listed for sale$1,195,000+117.3%$346/sqft
        Source: Riverside Properties #680018 Report a problem
        11/8/2012Sold$550,000-7.6%$159/sqft
        Source: Public Record Report a problem
        9/8/2012Price change$595,000-14.4%$172/sqft
        Source: Riverside Properties #670193 Report a problem
        6/30/2012Listed for sale$695,000-18.2%$201/sqft
        Source: Riverside Properties #670193 Report a problem
        1/2/2012Listing removed$849,500$246/sqft
        Source: Galles Properties #661506 Report a problem
        8/20/2011Listed for sale$849,500+112.4%$246/sqft
        Source: Galles Properties #661506 Report a problem
        4/3/2007Sold$400,000$116/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$5,079 +59.6%$97,230 +4.5%
        2023$3,182 +0%$93,060 +74%
        2022$3,181 $53,470 -2.8%
        2021-- $55,010 +13.5%
        2020$2,801 -0.7%$48,460
        2019$2,820 -98.9%$48,460 +6.5%
        2017$256,148 $45,500 -5.7%
        2016-- $48,250
        2015-- $48,250 +8.4%
        2014-- $44,530 -4.8%
        2013-- $46,790
        2012-- $46,790 -17%
        2011-- $56,400
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        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

        0 / 100
        Car-Dependent
        5 / 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.

        A local agent can set up tours, give advice and negotiate with sellers.

        Browse local experts

        Similar homes