|
All agents are NOT alike! Find out why we are "The Pagosa Source". Please call us at 970-264-7000.
|
 Also Visit Our Other Website
 Preview Our Fine Collection Of Luxury Mountain
Ranches & Estates |

Request a Free Pagosa Real Estate & Info Package Moving your family to another town or state is a major event in your life! We have helped many families and individuals relocate! Find Out More > View All Offers >
|

Our Customer Feedback.... "You all are very efficient and helpful but I think your friendliness was what we appreciated most of all. Thanks!" Craig and Heidi J. Albuquerque, NM Read Quote >
|
Compare three mortgages at one time.
Download TripleCalc now. It's free.
|
Mike Heraty and the Source Team
are some of The Top Selling Real Estate Experts Find Out More > |
|
|
 |
Photo by Jeff
LaydonAbout the Pagosa Springs, Colorado Area  Welcome to the Pagosa Information Pages. You've just landed on one of the most comprehensive Pagosa Springs information areas available on the web. Our motto has always been "One Team, One Goal, Providing the Best Real Estate Service in Pagosa Springs!" By that we mean, we are more than a real estate company, we are a group of professionals, dedicated to helping you discover Pagosa before you make a decision to invest. Give us a call or e-mail today to discover the difference. Pagosa Springs, located in the southwest corner of Colorado, is nestled in the "sunbelt" and boasts more sun-drenched days than the state of Florida. It is a small friendly mountain community. Pagosa Springs, the county seat of Archuleta County, surrounded by the San Juan Mountain Range and the San Juan National Forest, has more than 3 million acres of National Forest to explore and enjoy. Pagosa Springs is a gateway to numerous attractions within the Four Corners area. Beautiful Pagosa Springs is situated at the junction of Highways 160 and 84, and is within easy driving distance of several major cities. Distance to Major Cities: Albuquerque,NM: 212 miles Colorado Springs: 242 miles Cortez: 110 miles Dallas,TX: 658 miles Denver: 270 miles Durango: 61 miles Farmington, NM: 95 miles Oklahoma City, OK: 654 miles Phoenix, AZ: 501 miles Santa Fe, NM: 160 miles Airports The Durango-La Plata County Airport is a jet capable facility 56 miles west of Pagosa Springs. United Express, America West, Mesa Airlines and Mountain Air Express all provide service to Durango. There are currently 8 flights a day from Denver, 3 flights per day from Phoenix and 1 flight a day from Albuquerque. The winter months bring commercial air service from Houston as well. We see the prices fluctuate greatly but if you watch pricing on the internet, you should be able to fly into Durango from any major city for $275 - $350. If you want help getting the best airfares, call and talk to Lauri – she's our travel expert. She's been known to get to Minneapolis or Sacramento to visit family for under $250! Stevens Field is a public airport in Pagosa Springs. It is three miles northwest of the town. Its estimated elevation is 7700 feet. The airport has one fixed base operator, Durango Jet Center, that provides aircraft fuel service (Avfuel), 24 hour self service, charter and air ambulance flights, flight instruction, aircraft rental and repair, and sightseeing flights, tiedowns, hangar and maintenance services.   Terrain Pagosa Springs, at an elevation of 7,079 feet above sea level, is located in the southwest corner of Colorado. It is bounded on the north by the beautiful, rugged San Juan Mountains and the Continental Divide, on the south by the Colorado-New Mexico border, on the west by the Yellow Jacket pass, and on the east by magnificent Wolf Creek Pass.
It is located near the Four Corners region of the country where the States of Colorado, Utah, New Mexico, and Arizona meet.
Population The estimated population for 2,005 is 2,000 people.
Jobs In Archuleta County the industries providing most employment include Construction (18%); Arts, Entertainment, Recreation (17%); Retail Trade (14%); Educational, Health and Social Services (13%). These numbers have gone up since the 2000 census.
Colleges/Universities Colleges and universities closest to Pagosa Springs include Fort Lewis College, about 58 miles away in Durango, CO; Adams State College, about 81 miles in Alamosa, CO; San Juan College, about 85 miles in Farmington, NM; Western State College Colorado, about 99 Miles in Gunnison.
Housing Single Family new construction in 2004 cost an average of $179,000. The Median sale price for a home in 2002 was $189,549.
Parks/Sports/Recreation/Golf Nearby Wolf Creek Ski Resort declares that it gets "the first snow, the best snow and the most snow." Pagosa Springs is a paradise for cross-country skiers too. The 3 million acres of National Forest are open or you can ski on groomed trails at the golf course. There are endless possibilities for sledding or snowmobiling, too. For ice skating, visit the public skating pond behind the River Center in town.
The Pagosa Springs Golf Club is a spectacular golf course with 27 championship holes. Ponderosa pines line the fairways making the course both beautiful and challenging. From the course you have a magnificent view of the San Juan Mountains.
 
 Pagosa History "Pagosa" is the Ute word for "Healing Waters". In 1859 when Captain J.N. Macomb, a surveyor for the U.S. government, arrived at Pagosa Springs, he described the location as "….the most beautiful hot springs in the world. There is scarcely a more beautiful place on the face of the earth." The Utes and Navajos probably agreed with these sentiments, as they sporadically fought for control of the springs. The Indians heavily used the springs with trails deeply worn from all directions. The largest spring (Great Pagosa) measured 75 feet across, and even today its water emerges from the rocks at a scalding 153 degrees. More than one Indian brave attempted to show his courage by trying to swim across this seething cauldron; the results were grim. According to legend, around 1867, the Utes and Navajos agreed to a final one-on-one duel over the springs' rightful ownership. The Navajos chose a huge brave to fight for them. The Utes chose Colonel Albert Pfieffer as their representative. Both men, stripped to the waist and armed with bowie knives, rushed at each other. Pfieffer quickly outmaneuvered the large Navajo. Pfieffer flung his knife at his Navajo rival, killing him. The Utes took undisputed possession of the springs. Unfortunately, Native American possession of anything of value was not part of the plan and in 1874 the Burnot Agreement was passed and possession of the hot springs went to the white man. By 1880, a one-square-mile area surrounding the springs had been clamed by the U.S. government and a town site was plotted that year. In 1891 the town was established and shortly after the Denver& Rio Grande Railroad arrived when it extended service to the nearby San Juan Mining district. Ranches and lumber mills sprang up. At one time the Pagosa Springs area was the largest lumber producing area in the state. Many of the original buildings from the late 1800's still stand on Main St. today. Special Attractions/Events Pagosa Springs has the largest natural mineral therapeutic hot springs in the world. The hot mineral water still holds an aura of mystique and many attest to its therapeutic value. Though the springs have never achieved the notoriety of resorts such as Glenwood Springs and Ouray, they are finally being recognized as possibly the largest Hot Springs in North America. You can sit back, relax to the beautiful scenery, and bathe in the hot springs all year round. Durango-Silverton Railroad is an 1882 vintage train that travels from Durango to Silverton through remote areas. The Cumbres and Toltec scenic railway is the highest and longest narrow gauge railroad. Built in 1880, the steam railway has changed little from that time. It is a breathtaking tour through the mountains, over bridges, along narrow shelves that look over magnificent canyons. Waterfalls are abundant in Pagosa Country. The most accessible one is Treasure Falls, located at the foot of Wolf Creek Pass. Interesting Facts Mesa Verde National Park was established in 1906 to preserve the building sites constructed by pre-Columbian Indians on the Mesa Tops and in the canyons. For 750 years the Pueblo Indians inhabited these structures The Weminuche wilderness area in Colorado is the largest roadless area in the state and it was the last area that a Colorado grizzly bear was confirmed to be seen. There is still a debate going on about the so-called “Ghost Grizzlies” some people say still live in the wilderness in secluded habitats.  It's our job to know EVERYTHING about Pagosa Springs, Colorado! Ask us any question. Or request a FREE information package to be sent via Federal Express within 3 business days. There's no obligation, and we promise to get back to you quickly... 
 |
Tax Considerations >New 1031 Exchange Rules
One of the most popular "tax deferring" strategies for real estate owners who are selling one property and acquiring another is the use of Section 1031 of the Internal Revenue Code. It is an effective way to defer paying income tax on capital gain generated by the sale of a property when you intend to reinvest the proceeds in a similar, "like-kind" property. Almost any kind of real property is considered "like-kind" with any other real property.
A recently enacted law closes what was considered a loophole in the Section 1031 rules. In some cases, owners of investment real estate have used the 1031 Exchange to swap their investment property for real estate that could be readily converted to an owner-occupied residential property. After the exchange, they made the property into their principal residence, lived in it for a couple of years, then sold it. Now the American Job Creation Act of 2004 has ruled that properties converted from a 1031 exchange property into a residence must be held and used as a principal residence for at least five years to qualify for the tax exemption. Otherwise, the basic tax-deferring benefits of 1031 exchanges remain the same.
Consult your tax advisor for more detailed information.
|
 |
|
|
|