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704 Two Bear Drive, Pagosa Springs, CO, 81147

3beds
3baths
3,453sqft
$1,799,000
$521price/sqft
$10,254/moest. monthly cost
$410,160/yrincome needed

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

0
WalkingCar-Dependent
0
TransitVery Limited Transit
5
BikeSomewhat Bikeable

Schools

9/10
6/10

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
    Inland FloodingRelatively High
  • Lightning
    LightningRelatively High
  • Wildfire
    WildfireRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Landslide
    LandslideModerate

How This Home’s Risks Compare

Inland Flooding
Lightning
Wildfire
Winter Weather
Landslide

FEMA Declared Disasters Across Colorado Counties

Fire

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

MonthlyAnnual
Mortgage $9,096$109,152
Home Insurance *$499$5,988
Property Taxes $399$4,788
Electricity $260$3,128
Total$10,254$123,048
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$351,565/yr
40% on housing$307,620/yr
45% on housing$273,440/yr

Colorado FAIR Plan Programs

Colorado FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →

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.

Insurance Growth Rate5-year average: 15.2%
15.2%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 6.3%
6.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$521This listing

vs Other Active Listings

Avg $/sqft

ZIP 81147$288
Archuleta County$296

vs Homes Sold Last Month

Median $/sqft

ZIP 81147
Archuleta County$368

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

DateEventPrice
2025-09-12Listed for sale$1,999,000
2024-01-05Sold$1,450,000
2023-11-30Contingent$1,575,000
2023-10-06Listed for sale$1,575,000
2013-10-10Sold$750,000
2013-09-28Price change$800,000
2013-05-17Listed for sale$1,195,000
2012-11-08Sold$550,000
2012-09-08Price change$595,000
2012-06-30Listed for sale$695,000
2012-01-02Listing removed$849,500
2011-08-20Listed for sale$849,500
2007-04-03Sold$400,000

For Sale by Agent

AgentMike Heraty
BrokerageENGEL & VOLKERS Pagosa Springs

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