Offered to the public for the first time, this is a rare opportunity to own a home on 1.41 acres comprised of five combined lots overlooking Lake Hatcher—a combination that is almost unheard of in one of Pagosa Springs' most sought-after neighborhoods. Whether you're looking for a peaceful mountain retreat, a full-time residence, or a property with future possibilities, this property offers exceptional privacy, flexibility, and value. The inviting 2-bedroom, 2-bath home features a spacious primary suite with a walk-in closet, laminate flooring, and a cozy wood-burning fireplace perfect for Colorado evenings. Many of the major improvements have already been completed, including a metal roof, Trex deck, resurfaced asphalt driveway, updated appliances, newer water heater, and additional off-peak heating units—providing peace of mind while leaving room for the next owner to make it their own. Need room for hobbies, projects, or all of your mountain toys? In addition to the attached garage, you'll find a detached two-car garage complete with a workshop, and storage space. The attached finished garage has endless possibilities for a workshop, home office, fitness room, art studio, or future expansion. Speaking home offices - this home is connected to fiber internet making working from home a breeze with realiable connections and fast speeds! Take in beautiful views of Lake Hatcher and the surrounding mountains, with public lake access just across the road for fishing, kayaking, paddleboarding, or simply relaxing by the water. Outdoor enthusiasts will also appreciate being just minutes from the Turkey Springs Trail System and the San Juan National Forest, offering miles of hiking, mountain biking, horseback riding, and endless year-round recreation. The walk-in crawl space provides easy access for maintenance, while the attic offers potential for future expansion (ask agent for available concept plans). With 1.41 acres spanning five combined lots, this property offers a rare combination of space and opportunity. Buyers may wish to explore the potential for future lot separation or other development possibilities, subject to county approval and verification. If you've been searching for a property with room to breathe, lake and mountain views, garage space, and endless potential, this is one you won't want to miss.