Rare opportunity to own large 40 acre property in an exclusive gated community. Location is everything! This wonderfully built 4,616 square foot custom home is only 2 miles from City Market, the hospital district, shopping, and restaurants. Plus, city water, high speed internet, and panoramic views of Pagosa Peak. In addition, this fully fenced and cross fenced property has a 3,000 square foot barn that is perfect for your horses, RV, or just your toys. The layout of this home is truly one of the best in the area with a large master wing on the main living area that includes a bedroom, 2 closets, an office, and en suite bath. The walkout basement is the perfect mother-in-law or caretaker quarter with its own entrance and garage, storage, washer and dryer, and kitchenette. The open floor plan includes an oversized kitchen, dining, living room with fireplace, and lots of natural light and cathedral ceilings. 3 bedrooms and 1 bath are on the upper floor. The many amenities of this home include cedar and natural rock siding, a standing seam commercial roof, large windows, radiant floor heating with natural hardwood and tile floors. All 39.91 acres of this property are usable with open meandering meadows. A few of the owners favorite things: 1.Have we mentioned the views? Sunsets from the front porch, panoramic mountain views from the back deck. Enjoy the private, covered outdoor living areas and have dinner and drinks under the stars while watching the wildlife migrate through the property all year long. 2. Plenty of room to entertain friends and the entire family! Lower level has its own entrance, attached garage, tons of storage, washer and dryer, kitchenette,living area, pantry, very large bedroom, bathroom and oversized walk-in closet. You can see your horses grazing in the pasture, yet they are not right on top of you. 4. Lots of storage for your toys, RV, and everything in between! 3,000 square foot barn with stalls, room for your RV, and a tack room or bunk house. Lots of opportunities to make it exactly what you want. 5. Quality throughout. Commercial roof, radiant floor heating, high quality windows, large garage for your truck and SUV.