




704 Two Bear Drive, Pagosa Springs, CO, 81147
About This Home
Two Bear Ranch – Your Private Mountain Retreat If you’ve been searching for a property where privacy and recreation come together, welcome to Two Bear Ranch. Set within a 250-acre gated community with only three residences, this home offers unmatched seclusion — you won’t see another roofline from your deck. Bordered on two sides by 133,000 acres of National Forest, the adventure begins right outside your door with endless hiking and game trails. The log-and-timber home is in pristine condition, with newly sealed exterior, fresh paint and abundant natural light enhanced by a professionally thinned forest setting. The main floor features a primary suite, while the upper level provides additional guest space. The fully finished walkout lower level includes a family room perfect for a media or game area, and flexible space for gear storage, a fitness room, or home office. This space even has potential to be converted to a guest studio perfect for visitors, family or even multigenerational living. Outdoor living is year-round with covered Trex decks front and back, a hot tub to unwind after a day of skiing or fishing, and a firepit for gathering under the stars. The nearly new 1,500 sq. ft. shop with roll-up doors is ready for your equipment, vehicles, and toys — or could even be converted into an indoor Pickleball court. A small pond attracts deer, fawns, and the occasional bear, creating a true sportsman’s paradise. Efficient heating, solar gain, and a wood stove keep things comfortable, while the community provides central water and year-round road maintenance. Less than 15 minutes from Historic Pagosa Springs, home to World-Famous Hot Springs, the San Juan River, mountain shops and an abundance of restaurants. Pickleball your thing? 8 brand-new courts will have you meeting locals and vacationer alike. Wolf Creek Ski Area is less than 40 minutes away – full of powder, without the crowds, think fresh tracks for days. Pagosa Medical Center is nearby, and private air service is easily accessed at Stevens Field or commercial service is available an hour away Durango Airport with flights to Denver, Phoenix, Dallas and Houston. Two Bear Ranch isn’t just a home — it’s a lifestyle of privacy, adventure, and mountain living at its best.
Getting Around
Schools
Construction
Condition
- Year built: 2007
Materials
- Roof: Metal
- Construction materials: Log,Log Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Log
- Property subType: Stick Built
Interior
Appliances
- Appliances included: Dishwasher,Dryer,Microwave,Range,Refrigerator,Washer
Basement
- Has basement: Yes
- Basement: Finished,Walk-Out Access
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Dining Room
- Features: Kitchen/Dining
Features
- Flooring: Hardwood,Tile
- Fireplace features: Living Room
- Fireplace: Yes
Interior Area
- Total structure area: 3,453
- Total interior livable area: 3,453 sqft
Master Bedroom
- Level: Main
Property
Details
- Parcel number: 588727100020
- Zoning description: Residential Single Family
Features
- Patio & porch: Deck
- Exterior features: Irrigation Pump,Garden
- Has spa: Yes
- Spa features: Private
- Has view: Yes
- View description: Mountain(s),Valley
- Has water view: Yes
- Water view: Lake/Pond/Reservoir
- Waterfront features: Pond
- Horses can be raised: Yes
Lot
- Lot size: 38.20 Acres
- Features: Borders National Forest,Pasture,Wooded
Parking
- Total spaces: 10
- Parking features: Attached Garage
- Has garage: Yes
- Attached garage spaces: 10
- Covered spaces: 10
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Inland Flooding
- Lightning
- Wildfire
- Winter Weather
- Landslide
How This Home’s Risks Compare
FEMA Declared Disasters Across Colorado Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $9,096 | $109,152 |
| Home Insurance * | $499 | $5,988 |
| Property Taxes | $399 | $4,788 |
| Electricity | $260 | $3,128 |
| Total | $10,254 | $123,048 |
Income You'd Need if You Spent...
Colorado FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2025-09-12 | Listed for sale | $1,999,000 |
| 2024-01-05 | Sold | $1,450,000 |
| 2023-11-30 | Contingent | $1,575,000 |
| 2023-10-06 | Listed for sale | $1,575,000 |
| 2013-10-10 | Sold | $750,000 |
| 2013-09-28 | Price change | $800,000 |
| 2013-05-17 | Listed for sale | $1,195,000 |
| 2012-11-08 | Sold | $550,000 |
| 2012-09-08 | Price change | $595,000 |
| 2012-06-30 | Listed for sale | $695,000 |
| 2012-01-02 | Listing removed | $849,500 |
| 2011-08-20 | Listed for sale | $849,500 |
| 2007-04-03 | Sold | $400,000 |
