$599,900
$25K PRICE DROP

502 S 5th St Unit B-6 Pagosa Springs, CO 81147

Estimated payment $3,889/month

Total Views 12,658
3 Beds
2.5 Baths
1,860 Sq Ft
$323 Price per Sq Ft

Highlights

  • River Front
  • Lake View
  • Cathedral Ceiling
  • Pagosa Springs Middle School Rated 9+
  • Adjacent to Greenbelt
  • 5-minute walk to Yamaguchi Park

About This Home

Check out this extra rare river front opportunity in historic Old Town Pagosa Springs. Terrific value and priced and even improved on July 25, 2025. Tastefully crafted to display a Colorado mountain Esque vibe, using rusted corrugated steel, large windows and creative stains outside and towering ceilings, granite countertops, alder wood doors and cabinetry and other high-quality finishes inside. This nest is warmly inviting, upgrade loaded and professionally staged to perfection. You'll be smitten from your first look. Two great decks add space to gather and entertain and the back deck offers a distinctive retreat which overlooks the banks of the majestic San Juan River, the town's trail system (a protected wetland reserve which accesses all of your favorite stores, shops, restaurants and parks) plus our wonderful Reservoir Hill recreation area, with miles of improved biking and hiking trails, sled hill, meadowy mountaintop music venue and mind-numbing overlooks. Like disc golf? 18 holes are one block away in the tall trees. Like to soak? All three of our trendy soaking sanctuaries are within walking distance of your front door. Oh, and did I mention that this honey has A/C? Yes, there is more: The master suite in the unit is "extra" with access to the river-facing back deck, large walk in closet and beautiful custom tiled shower enclosure. In fact, you'll find a lot of beautiful custom tile throughout, including the kitchen back splash. The kitchen has a great pantry. There is a wonderful Heat-O-Later fireplace below a custom wood mantle in the living room which adds warmth to the home in cooler months and ambiance all year around...with no mess. There is also a programable thermostat to regulate the heat in the home. Crank the windows open for that refreshingly pure mountain air, all year round. The single car garage is convenient and tall enough to hang some of your gear and to park you sleds. Owners at Riverwalk are invited to use the gazebo and courtyard to the rear of the buildings to enjoy the live-water Colorado experience. Roads to the condo are all paved, and city maintained. For added security, the units are accessed via central code-pass door and heated indoor hallways. Landscaping and snow removal are maintained by the Condo Owner's Association. Yamaguchi Park is only a one block stroll from your front door, to the south. There are extensive hard-surface riding and biking paths at the park, loads of lush grass, multipurpose fields, public fishing/tubing/kayaking access, rest rooms, skateboard park, basketball court, baseball stadium, pump track and glorious pickle ball courts. The beauty of the north range San Juan Mountains, backdrop the fields. The town promotes some great festivities at the fields during all seasons. Grab your snowshoes, fat tire bikes and cross-country skis in winter months, participate in some fun runs or mountain bike races on the adjacent trails, watch the High School teams competing at their track and field (Golden Peaks Stadium), across from Yamaguchi Park or celebrate the fireworks on Independence Day and Halloween from the park. You'll see all the hot air balloons from the park during Winter-Fest and Color-Fest and your pets will make loads of friends on the paths and trails surrounding this neighborhood and pouring over into old town. Also, there is a stunning public gazebo replete with riverside firepit and picnic tables for your next quiet evening or celebration. To say that you'll be right in the heart of the community here would not be an understatement. Hurry to see this beauty before it is gone. Scour the web and see if you can find anything quite Like this beauty then take action to tour it soon. You'll be glad you did.

Listing Agent

Jon Johnson

Sherpa Real Estate Listed on: 12/04/2024

Co-Listing Agent

Stephanie Yates

Sherpa Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,493

Year Built

  • Built in 2008

Lot Details

  • River Front
  • Adjacent to Greenbelt
  • Landscaped

HOA Fees

  • $500 Monthly HOA Fees

Property Views

  • Lake
  • Mountain

Home Design

  • Composition Roof
  • Metal Roof
  • Cedar Siding

Interior Spaces

  • 1,860 Sq Ft Home
  • 3-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Heatilator
  • Double Pane Windows
  • Window Treatments
  • Living Room with Fireplace
  • Formal Dining Room
  • Wood Flooring
  • Washer and Dryer Hookup

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Parking

  • 1 Car Attached Garage
  • Garage Door Opener

Outdoor Features

  • Patio
  • Gazebo

Schools

  • Pagosa Springs K-4 Elementary School
  • Pagosa Springs 5-8 Middle School
  • Pagosa Springs 9-12 High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 569924232007

Community Details

Overview

  • Association fees include trash, snow removal, parking
  • River Walk Coa
  • Co Riverwalk Th 1 01 Cnty Code 00940 Subdivision

Pet Policy

  • Dogs Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,493

Year Built

Built in 2008

Lot Details

0

HOA Fees

$500 per month

Listing Details

  • Appliance Inclusions: Range/Oven, Refrigerator, Dishwasher, Microwave
  • Estimated Total Acres: 0.01
  • Class: RESIDENTIAL
  • Em Deposit: 10,000
  • Em Holder: Title Company
  • Exterior Inclusions: Landscaping, Patio
  • Interior Inclusions: Window Coverings, Cathedral Ceiling, Ceiling Fan(s), W/D Hookup, Granite Counters, Pantry, Walk In Closet, Garage Door Opener, Air Lock Entry
  • Legal Lot Block: Subdivision: PAGOSA RIVERWALK CON Unit: 6 PS RVRWK Sec: 24 Twn: 35 Rng: 2W BUILDING B *Final Legal Description TDB Per Final Title Commitment
  • Lot Size Acreage: Less than .25
  • Parcel Id Number: 569924232007
  • Price Per Sq Ft: 322.53
  • Property Description: Adj to Greenbelt
  • Real Estate Included: Yes
  • Realist Id: 569924232007
  • Residence Stories: Three Story
  • Sale/Rent: For Sale
  • Siding: Cedar
  • Street Descriptionaccess: City/Town, Paved
  • Waterfront Type: River
  • Zoning: Residential Single Family
  • Type: Condo
  • Hoa Dogs Allowed: Yes
  • HOA Fees: Yes
  • HOA Transfer Fee: Yes
  • Internet Provider: Visionary
  • Internet Service: Yes
  • Total Taxes Dollar: 2492.92
  • Year Built: 2008
  • Foreign Owned Y N: No
  • Prop Description Remarks: Check out this extra rare river front opportunity in historic Old Town Pagosa Springs. Terrific value and priced and even improved on July 25, 2025. Tastefully crafted to display a Colorado mountain Esque vibe, using rusted corrugated steel, large windows and creative stains outside and towering ceilings, granite countertops, alder wood doors and cabinetry and other high-quality finishes inside. This nest is warmly inviting, upgrade loaded and professionally staged to perfection. You'll be smitten from your first look. Two great decks add space to gather and entertain and the back deck offers a distinctive retreat which overlooks the banks of the majestic San Juan River, the town's trail system (a protected wetland reserve which accesses all of your favorite stores, shops, restaurants and parks) plus our wonderful Reservoir Hill recreation area, with miles of improved biking and hiking trails, sled hill, meadowy mountaintop music venue and mind-numbing overlooks. Like disc golf? 18 holes are one block away in the tall trees. Like to soak? All three of our trendy soaking sanctuaries are within walking distance of your front door. Oh, and did I mention that this honey has A/C? Yes, there is more: The master suite in the unit is "extra" with access to the river-facing back deck, large walk in closet and beautiful custom tiled shower enclosure. In fact, you'll find a lot of beautiful custom tile throughout, including the kitchen back splash. The kitchen has a great pantry. There is a wonderful Heat-O-Later fireplace below a custom wood mantle in the living room which adds warmth to the home in cooler months and ambiance all year around...with no mess. There is also a programable thermostat to regulate the heat in the home. Crank the windows open for that refreshingly pure mountain air, all year round. The single car garage is convenient and tall enough to hang some of your gear and to park you sleds. Owners at Riverwalk are invited to use the gazebo and courtyard to the rear of the buildings to enjoy the live-water Colorado experience. Roads to the condo are all paved, and city maintained. For added security, the units are accessed via central code-pass door and heated indoor hallways. Landscaping and snow removal are maintained by the Condo Owner's Association. Yamaguchi Park is only a one block stroll from your front door, to the south. There are extensive hard-surface riding and biking paths at the park, loads of lush grass, multipurpose fields, public fishing/tubing/kayaking access, rest rooms, skateboard park, basketball court, baseball stadium, pump track and glorious pickle ball courts. The beauty of the north range San Juan Mountains, backdrop the fields. The town promotes some great festivities at the fields during all seasons. Grab your snowshoes, fat tire bikes and cross-country skis in winter months, participate in some fun runs or mountain bike races on the adjacent trails, watch the High School teams competing at their track and field (Golden Peaks Stadium), across from Yamaguchi Park or celebrate the fireworks on Independence Day and Halloween from the park. You'll see all the hot air balloons from the park during Winter-Fest and Color-Fest and your pets will make loads of friends on the paths and trails surrounding this neighborhood and pouring over into old town. Also, there is a stunning public gazebo replete with riverside firepit and picnic tables for your next quiet evening or celebration. To say that you'll be right in the heart of the community here would not be an understatement. Hurry to see this beauty before it is gone. Scour the web and see if you can find anything quite like this beauty then take action to tour it soon. You'll be glad you did.
  • Subdv Name: Co Riverwalk TH 1 - 01 Cnty Code 00940
  • Unit Suite Number: Unit B-6
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 20

Interior Features

  • Dining Room: Kitchen Bar, Separate Dining
  • Bedrooms: 3
  • Flooring: Hardwood
  • Estimated Total Sq Ft: 1860
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 0
  • Total Bathrooms: 3
  • Fireplace Location Type: Heat-O-Later, Living Room
  • Total Office Den: 0

Exterior Features

  • Windows: Double Pane, Metal
  • Construction Type: Wood Frame
  • Exterior Structures: Gazebo
  • Roof: Metal, Composition
  • Views: Lake/Pond/Reservoir, Mountains
  • Waterfront: Yes

Garage/Parking

  • Garage Type: Attached Garage
  • Garage: Yes
  • Garage Capacity: 1

Utilities

  • Utilities: Electric, Natural Gas, Internet
  • Cooling: Forced Air
  • Electric Supplier: La Plata Electric Association
  • Gas Supplier: Black Hills Energy
  • Heating System: Forced Air, Fireplace
  • Sewer Supplier: Pagosa Area Water and Sanitation
  • Water Supplier: Pagosa Area Water and Sanitation

Condo/Co-op/Association

  • HOA: Yes
  • Hoa Inclusions: Trash, Snow Removal, Parking
  • Hoametro Fees: 1500
  • HOA Metro Fees Frequency: Quarterly
  • Hoa Name: River Walk COA

Schools

  • Elementary School: Pagosa Springs K-4
  • Middle School: Pagosa Springs 5-8
  • High School: Pagosa Springs 9-12
  • High School: Pagosa Springs 9-12

Lot Info

  • Geo Subdivision: CO

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2024

MLS Schools

  • Elementary School: Pagosa Springs K-4
  • Middle School: Pagosa Springs 5-8

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,581 $42,690 $0 $42,690
2023 $2,581 $0 $0 $0
2022 $1,799 $0 $0 $0
2021 $1,883 $0 $0 $0
2020 $1,679 $0 $0 $0
2019 $1,679 $0 $0 $0
2018 $0 $0 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/02/2025 09/02/25 Price Changed $599,900 -3.2% $323 / Sq Ft
07/25/2025 07/25/25 Price Changed $619,500 -2.4% $333 / Sq Ft
03/19/2025 03/19/25 Price Changed $634,900 -0.2% $341 / Sq Ft
03/19/2025 03/19/25 Price Changed $635,900 +1.8% $342 / Sq Ft
12/04/2024 12/04/24 For Sale $624,900 +48.8% $336 / Sq Ft
11/13/2020 11/13/20 Sold $420,000 +10.5% $226 / Sq Ft
11/13/2020 11/13/20 Pending -- -- --
11/13/2020 11/13/20 For Sale $380,000 -- $204 / Sq Ft
Source: Colorado Real Estate Network (CREN)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $420,000 High Country Title
Source: Public Records

Source: Colorado Real Estate Network (CREN)

MLS Number: 819733

Colorado Real Estate Network (CREN)

APN: 569924232007