181 N 5th Street, Pagosa Springs, CO 81147

Pagosa’s Crown Jewel – Once in a lifetime, 2.24-Acre Hilltop Estate with 360° Views Downtown Welcome to one of the most exceptional and private homes in downtown Pagosa Springs, Colorado. Perched atop the historic Old School House Hill, this fully remodeled 2-bedroom, 2-bathroom home with a loft and full unfinished basement offers unmatched privacy, panoramic views, and unbeatable access to everything town has to offer—all on nearly 2.24 acres of multi-use zoned land in the absolute heart of downtown. Unmatched Location & Views This home is the only residence on the entire hill, giving you complete seclusion with unobstructed 360-degree views of the North and East Ranges of the San Juan Mountains, the San Juan River, and spectacular sunrises and sunsets. Despite this serene setting, you're within walking distance of Pagosa's restaurants, shops, hot springs, and riverwalk. Thoughtful Design & Total Rebuild Originally built in 1938, the home was completely rebuilt from the exterior walls in. The result is a beautifully designed, modern open-concept space with high-end finishes and historical charm: Vaulted cathedral ceilings with exposed steel beams Antique chandeliers and vintage reclaimed doors Custom stairs built from vintage bowling alley wood Board-formed interior concrete walls Corrugated concrete exterior (repainted June 2025) The living space features a large open kitchen and living room with in-wall sound system, while the loft provides an additional flexible living or work space with custom metal and glass railing. Luxury Bathrooms Primary Bath: Full walk-in shower and dual vanity in Master Second Bath: Clawfoot tub and solid marble sink salvaged from a Utah mansion Both bedrooms feature built-in closet systems; the primary includes a walk-in closet Garage & Expansion Potential The detached 1,400 sq ft 3-bay garage includes 10' doors, full insulation, heating, electrical, floor drain, and roughed-in plumbing for a bathroom. Property offers ample space for additional structures or expansions, including accessory units or a larger main house. Outdoor Living & Landscaping New concrete patios and hot tub Gas fire pit set among large natural boulders Fully landscaped and irrigated mature lawn and garden spaces Exterior LED strip lighting (compliant with lighting codes) Upgrades & Features Practically everything is brand new: New roof, insulation (including spray-in ceiling), framing, and subfloor New electrical, plumbing, gas lines, and furnace with wireless thermostat Whole-house dehumidifier New windows and sliding doors Basement has new concrete retaining wall, radon wrap, passed inspection, and is roughed-in for additional bathroom Included appliances: washer, dryer, fridge, freezer, and Ilve range Sound system in living room, kitchen, and patio Custom vent grilles and abundant storage throughout Modern irrigation system with wireless controller This property offers something truly rare—total privacy, top-of-the-hill views, modern luxury, and downtown convenience, all with room to grow. Whether you're looking for a full-time residence, private retreat, or unique investment opportunity, this home is one of a kind. Schedule your private showing today.