Discover an exceptional 130.299-acre equestrian property west of Pagosa Springs with stunning views of Pagosa Peak and the San Juan Mountains, just minutes from shopping, dining, and entertainment in Pagosa Springs. Bordering nearly 6,200 acres of San Juan National Forest, the ranch provides direct access to over 30 miles of riding trails. Designed for horse enthusiasts, the property features a 10-stall horse barn with a spacious tack room and pivoting saddle wall, a 100' x 230' covered arena with premium footing, a 50' x 145' covered arena, a large outdoor arena, round pens, wash areas, open-air panel stalls, and cattle shipping pens. The custom 3-bedroom, 2.5-bath home offers granite countertops, a new wood-burning fireplace insert, and attached office spaces with a private bath. Accommodations include 13 heated bunk cabins and a central lodge with two upper-level suites, men's and women's restrooms, four showers, a commercial kitchen with in-floor radiant heat, and a walk-in cooler. Additional improvements include office buildings, a mercantile building, and 24 RV hookups with water and electricity. A 10,000-gallon cistern and Domestic Well Permit #69088-F allow up to 2.85 acre-feet of annual water use. Ideal as a private ranch, equestrian facility, retreat center, or event venue, this unique property offers extensive improvements, mountain scenery, and direct access to public land.