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About This Home

This 3-bedroom, 3-bathroom single family at 704 Two Bear Drive in Pagosa Springs, CO is listed for $1,999,000 ($579 per sqft). Built in 2007, the home offers 3,453 sqft of living space on a N/A lot.

Agent Description

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.

Key Features

  • Built in 2007

Property Details

2 full, 1 half
2007

Amenities

ViewHardwood

Monthly Cost Estimate

$10,691/mo

20% down · 6.5% · 30 years

Principal$1,446
Interest$8,662
Insurance$583

Estimates only. Actual payments may vary.

Location

704 Two Bear Drive

Pagosa Springs, CO 81147

Two Bear Ranch - 08 Cnty Code 00768

Property Details

Flooring

HardwoodTile

Construction

Log

Views

LakeMountainValley

Heating

Electric (Heating)Wood (Heating)Wood Stove

Appliances

DishwasherDryerMicrowaveRangeRefrigeratorWasher

Questions & Answers

This 3-bedroom, 3-bathroom single family at 704 Two Bear Drive is listed at $1,999,000 ($579/sqft). The estimated monthly payment is $8,662 based on 20% down at 6.5% interest.

Key features include: Built in 2007.

This property is listed by Mike Heraty and can be reached at 9702647000 or pagosasprings@engelvoelkers.com.

MH

Mike Heraty

Agent at Engel & Völkers Pagosa Springs

(970) 264-7000

Listed by Engel & Völkers Pagosa Springs · View on Broker Site

MLS# 828450· Source: listhub· Updated today

Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

704 Two Bear Drive, Pagosa Springs, CO 81147

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