This well-positioned home overlooking Lake Pagosa offers exceptional investment potential in one of Colorado’s most sought-after vacation markets. Ideal as a short-term rental, long-term rental, or seasonal retreat, this property is located in the highly desirable Pagosa Lakes area—an established community known for strong rental demand and year-round tourism. With its efficient layout and open kitchen featuring generous counter space and bar seating, the home lives larger than its square footage, maximizing guest comfort and rental appeal. New carpet installed on 7-8-2026! The south-facing paved driveway adds value and convenience by naturally reducing snow and maintenance costs—an important feature for winter tenants and guests. Ownership also provides access (with optional membership) to the Pagosa Lakes Recreation Center, offering an indoor pool, fitness equipment, racquetball courts, and classes—amenities that enhance both lifestyle and rental desirability. Outdoor recreation drives consistent visitor demand, making this property especially attractive for income generation. Residents and guests enjoy exclusive access to four stocked fishing lakes, while world-class skiing at Wolf Creek Ski Area—just 30 minutes away—draws winter visitors from across the country. Located in the thriving mountain town of Pagosa Springs, known for its hot springs, outdoor recreation, and growing tourism economy, this home represents a compelling opportunity to generate rental income while benefiting from long-term property appreciation. Whether you’re looking to expand your investment portfolio, secure a high-demand vacation rental, or own a flexible mountain asset, this property offers both immediate income potential and lasting value.