This week’s Listing of the Week is an exceptional recreational property in the San Juan Mountains area east of Durango, Colorado. Listed by Zach and Tom Morse of Legacy Properties West Sotheby’s International Realty, 175-acre Gray Hackle Ranch hit the market on December 5, 2016. The list price is $6.95 million.
The ranch centerpiece is a roomy, light-filled home surrounded by water and views out over the forested hillsides of Rio Grande National Forest. Five bedrooms provide ample living space, while the log-beamed great room flows seamlessly into the dining and kitchen area for easy entertaining. An outdoor porch looks out over a stream as it gurgles into the larger Pine River nearby.
As you’d expect from a property surrounded by water, fly-fishing opportunities here abound. The Pine River is known locally for its abundant trout, and with most of its waters flowing across private land, Gray Hackle Ranch is uniquely placed. The property’s trout-stocked Gray Hackle Lake and Cottage Pond offer additional water frontage and options to cast a line. A pair of private islands sit within the currents of Pine River and offer a quiet spot for summer picnics and outdoor adventures.
Beyond the enviable on-your-doorstep fly-fishing, the property offers private access to adjacent BLM and U.S. Forest Service land for additional exploration and wildlife-viewing opportunities. The ranch’s 175 acres are currently platted into five separate parcels, offering the purchaser the option for additional development including a preferable 1031 Exchange opportunity. There is currently no conservation easement.
The nearby town of Bayfield offers local amenities and services, while the four-season town of Durango is base camp for everything from bars and eateries to skiing, snowboarding and other outdoor adventures. A small regional airport here offers daily non-stop flights to Denver, Dallas/Fort Worth and Phoenix, as well as weekly seasonal direct service to Los Angeles.
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