Rarely does an opportunity arise to own more than 100 acres with significant senior water rights just minutes from vibrant downtown Salida. This exceptional offering combines a beautiful residence, productive agricultural land, and spectacular views with an unbeatable location. The property includes 71 acres currently producing alfalfa under a pivot irrigation system, a 6,000 sq ft steel hay shed on 2 acres, and a separate 39-acre homesite overlooking the valley. Included in the sale are 88% of 432 shares of the historic Williams and Hamm Ditch Company - one of the area's oldest (decreed June 19, 1890, incorporated April 16, 1936), creating an extraordinary rare combination of land and water. Designed to showcase its breathtaking setting, the custom 2,607 sq ft single-level home sits on a private elevated homesite with sweeping views of the Continental Divide. Vaulted ceilings, a dual-sided fireplace, four bedrooms, and a private spa create an elegant yet comfortable retreat. Beyond its appeal as a private ranch, the property's Residential Suburban zoning presents a compelling long-term development opportunity. Chaffee County currently allows up to 4 dwelling units per acre within this district. With its proximity to town and recreational trails, expansive acreage, and panoramic views, the property offers exceptional potential for a thoughtfully designed residential or small acreage development. A property of this scale with productive irrigated acreage, substantial senior water rights, luxury improvements, remarkable development potential, and an unbeatable location this close to Salida is exceptionally rare. This property is offered as 1 of 3 adjacent parcels available (totaling approx. 128 acres). Watch the video overview of the complete offering at iframe.videodelivery.net/ae6fa9b75804726320b0417fd427259f then contact the listing broker for details. This is a working ranch - DO NOT TRESPASS - all showings to be accompanied by agent.