Asking Price: $2,000,000

The Putnam Homestead, one of the last large parcels available in Old Town Pagosa. Currently zoned Low Density Residential, intended primarily for single-family residences/duplexes, and allowing for a density of 6 units per acre, which equates to 190 units for this 31.57 acres. There are two homes, both occupied by renters, and a couple outbuildings on the property. The value of the homes can't be disregarded but this property is fundamentally valued for its development potential based on its walking distance proximity to the core business district in Pagosa, PSHS and the San Juan River.