473 N Black Bear Place

Welcome to Eagle Nest Ranch—a one-of-a-kind Colorado mountain retreat set on over 52 private acres in the prestigious Alpine Lakes Ranch community. Less than 30 min from downtown Pagosa Springs and their famous hot springs, dining and shopping. Surrounded by pristine wilderness, this extraordinary estate offers year-round access, direct borders with BLM and National Forest land, and sweeping views of Archuleta Mesa and the surrounding snow-capped peaks. Being sold fully furnished and turn key this 5,849 sq ft hand-hewn log home is the perfect blend of timeless craftsmanship and modern luxury. The full-round log construction, dramatic river rock accents, and soaring tongue-and-groove vaulted ceilings create a warm, lodge-inspired atmosphere that is both elegant and inviting. The spacious layout offers generous accommodations for large families or groups—comfortably sleeping 15+ guests across dual master suites, a guest suite, bunk room loft, and flexible living spaces. Whether you’re entertaining two families or hosting a mountain getaway, there’s room for everyone. This unique layout also makes the property an excellent luxury vacation rental opportunity with strong income potential. The grand great room is anchored by a striking stone fireplace and flows seamlessly into the open concept dining and gourmet kitchen with s/s appliances, tile backsplash and wine fridge. Step outside onto the covered deck—complete with its own fireplace, built-in grill, and spa gazebo—for unforgettable gatherings under the stars and endless mountain views. The main-level primary suite features a dual-sided gas fireplace, jetted soaking tub, dual vanities, and a private shower and toilet room. Upstairs, a second master suite with its own fireplace and balcony provides an equally serene escape, while the open loft and additional guest quarters expand your hosting potential. The lower level is an entertainer’s dream with multiple walkouts and a fully equipped media/game room, custom-carved wet bar with sink, mini fridge and wine cooler, wood-burning fireplace, and walkout access to the outdoors. A heated workshop and secure gun safe room offer additional versatility for hobbies, fly-tying, gear storage or reloading. Outside, the estate continues to impress with a 2-car heated attached garage, plus a detached 4+ car garage/shop/barn for all your gear and toys. An RV pad with hookups adds even more convenience. The 8.25kW grid-tied solar system ensures energy efficiency, and buried utilities protect your pristine mountain views. The property is also ag-status with seasonal cattle grazing, keeping property taxes low. Spence Lake—stocked for Alpine Lakes Ranch owners—is just minutes away, and the nearby San Juan National Forest offers endless recreation. Whether you’re looking for a multigenerational legacy retreat, a full-time luxury residence, or an income-producing rental, Eagle Nest Ranch delivers the ultimate Colorado lifestyle—private, peaceful, and unlike anything else on the market.

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Listing courtesy of Blackmore Group.