241 Falcon Place, Pagosa Springs, CO 81147
Pagosa Highlands Estates - 03 Cnty Code 00399 · Archuleta County
Key Facts
Description
Investors take note—this income-producing mountain home offers exceptional short-term rental potential, unbeatable views, and strong long-term appreciation in one of the most desirable areas of Pagosa Springs. This spacious four-bedroom, three-bathroom property features unobstructed views of Pagosa Peak—a premium amenity that drives vacation rental demand year-round. Designed with flexibility and revenue in mind, the home includes a separate lower-level entrance, making it ideal for multigenerational living, dual-unit rental potential, or maximizing nightly rental income. The ability to add a second washer and dryer creates convenient, independent living spaces for guests. Ample parking, including a half-circle driveway and oversized garage with floor drains, easily accommodates multiple vehicles, trailers, or outdoor gear—an important feature for high-occupancy rentals. Recent upgrades enhance both value and guest appeal, including granite kitchen countertops, a new hybrid electric heat pump water heater, new gas central heating system, upgraded lighting throughout, additional insulation in the new garage door, and fresh neutral interior paint. The backyard has been professionally fenced, making this an ideal pet-friendly vacation rental—a highly sought-after feature that increases booking rates and nightly premiums. Electricity has already been installed on the lower patio, making it turnkey ready for a hot tub—one of the best ways to boost rental revenue and guest satisfaction. Located near Hatcher Lake and the Pagosa Lakes Recreation Center, owners and guests enjoy exclusive access to private fishing lakes, indoor pool, fitness center, pickleball, and racquetball. Outdoor recreation opportunities are endless, with hiking, mountain biking, snowmobiling, and cross-country skiing at Turkey Springs and world-class fishing—including Kokanee salmon runs—at Williams Creek Reservoir. Adding to the investment appeal, the current VA loan may be assumable at a low interest rate, offering significant financing advantages and improved cash flow potential. With its premium views, flexible layout, recent upgrades, and prime location in a high-demand vacation market, this property represents an outstanding opportunity as a short-term rental, second home, or long-term investment in Pagosa Springs real estate.
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Style
Ranch
Year Built
2000
Stories
2
Living Area
2,033 sq ft
Lot Size
0.24 acres
Garage Spaces
2
Zoning
Residential Single Family
MLS® Listing#
831542
Property Features
Appliances
Heating
Flooring
Patio
Construction
Roof
Sewer
Water Source
Schools
- Elementary:
- Open Enrollment
- Middle:
- Open Enrollment
- High:
- Open Enrollment
Financial Details
HOA
Yes
PLPOA
Annual Taxes
$2,042
Tax year 2024
Parcel Number
558325303011
Directions
Travel north from Hwy 160 on Piedra Road for 5.8 miles, L Onto N. Pagosa Blvd for 450 feet, R onto Falcon, House on your right in 0.2 miles
Affordability Calculator
$119,980
Estimated monthly payment
$3,193/mo
Principal $479,920 · Est. interest $669,531 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Pagosa Springs, CO
- $524,933
- Median Listing Price
- 63
- Median Days on Market
- 2,005
- Median Sq Ft
- $247
- Median Price / Sq Ft
- 6,022
- Active Listings
- This home’s price is 14% above the area median.
- Its price per sq ft is 20% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Pagosa Springs, CO.
Location
Points of Interest in Pagosa Springs, CO
Showing the Pagosa Springs area map.
Nearby Schools
Goal High School Pagosa
Secondary · 5.3 mi away
Pagosa Peak Open School
Elementary · 5.5 mi away
Pagosa Springs Elementary School
Elementary · 6.9 mi away
Archuleta County
School · 7.3 mi away
Archuleta School District 50 JT
School · 7.3 mi away
Pagosa Springs Middle School
Secondary · 7.3 mi away
Pagosa Springs Junior High
Elementary · 7.4 mi away
Pagosa Springs High School
Secondary · 7.5 mi away
Bayfield Intermediate School
Elementary · 26.3 mi away
Bayfield Middle School
Secondary · 26.4 mi away
Bayfield School District
School · 26.5 mi away
Bayfield Elementary School
Elementary · 26.7 mi away
Bayfield Primary School
Elementary · 26.7 mi away
Bayfield High School
Secondary · 26.8 mi away
Dulce Junior Senior High School
Secondary · 27.5 mi away
St Francis School
Secondary · 29.1 mi away
Ignacio High School
Secondary · 31.5 mi away
Ignacio School District
School · 31.6 mi away
Ignacio Elementary School
Elementary · 31.7 mi away
Creede School District
Elementary · 36.3 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
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|---|---|---|---|---|
| 7485 Nova View, Colorado Springs, CO | $419,950 | 3 | 2 | 1,542 |
| 6278 Poudre Way, Colorado Springs, CO | $419,996 | 3 | 2 | 1,514 |
| 4660 Badlands Court, Colorado Springs, CO | $420,000 | 3 | 2 | 1,334 |
| 9371 Arklow Way, Colorado Springs, CO | $420,000 | 3 | 3 | 2,220 |
| 5216 Hidden Hills Pt, Colorado Springs, CO | $420,000 | 3 | 3 | 1,307 |
| 2657 Inspiration Drive, Colorado Springs, CO | $420,000 | 4 | 3 | 2,399 |
Moving Cost Estimate
EXIT Agents in Pagosa Springs
Listing Courtesy: Jann C Pitcher Real Estate
FULL CREN Disclaimer
Real Estate listings held by companies other than Jann C Pitcher Real Estate contain that company's name.
Fair Housing Disclaimer
Date Last Updated
.
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