What a rare opportunity to own a large custom home on 40.75 acres nestled in the heart of the beautiful Chromo/Navajo River Valley with no HOA! This fenced ranch property is situated in a picturesque mountain setting with a pond and lush green rolling landscape that includes Aspens, Ponderosa Pines and Spruce. You have the freedom to hunt on your own property here! Drink your coffee on the deck and watch the massive herds of Elk and a wide variety of other wildlife wander by. Chromo Valley is bordered by over 1.8 million acres of National Forest and is home to the Banded Peaks mountains and the Navajo River where trophy fishing and hunting are a daily part of the lifestyle found here! The interior of the home is as impressive as the exterior! The main floor has solid black walnut floors, a large master suite, gourmet kitchen, a vaulted ceiling great room, full bath and guest powder room, three fireplaces, loft office, laundry, and sprawling covered decks with floor to ceiling windows to capture the impressive views from every angle. The downstairs is perfect for the family, guests or for rental income with a private walk out basement complete with two bedrooms, full bath plus a half bath, game room, hobby/craft room, and a living room with bar and access to the patio for a relaxing mountain view. The 40 x 60 Heated Workshop/Garage is ideal for all of your mountain toys, ranch equipment and more. You're all set up with an RV pad and hook up to park the Coach. The entire property is fenced and ready for horses with a loafing shed and pond! Special water rights owned for irrigation and to power the onsite Hydro Electric plant. Close access to over one and a half million acres of National Forest to hunt, horseback ride, ATV, fish, hike, bike, and just get out and enjoy! Easy travel to Pagosa Springs, Chama, Santa Fe and Taos for anything that you'd want or need...Hot Springs, shopping, restaurants, grocery, Wolf Creek skiing and public or private air travel. Seeing this property in person is the only way to really appreciate all that it has to offer! If you love the mountains, rivers, and FREEDOM to enjoy your property to the fullest, then this is your private mountain retreat!