$1,769,500

505 Rainbow Rd Durango, CO 81303

Estimated payment $10,347/month

Total Views 2,384
5 Beds
3 Baths
4,438 Sq Ft
$399 Price per Sq Ft

Highlights

  • Very Popular Property
  • Accessory Dwelling Unit (ADU)
  • River Front
  • Durango High School Rated A-
  • Horses Allowed On Property
  • Home fronts a pond

About This Home

Animas Riverfront Estate – 14.94 Acres, Minutes from Downtown Durango. Experience the ultimate blend of privacy, functionality, and natural beauty with this stunning 4,437 sq ft custom home set on nearly 15 irrigated acres with approximately 1,500 feet of Animas River frontage. Located just 8 miles from downtown Durango in the scenic South Animas River Valley, this property is a rare gem for those seeking space, Animas river access, and versatility—whether for recreation, horses, or peaceful country living. Ample water rights feed the trout pond, and produced gravity irrigation to irrigate the pasture. Step inside to a grand entry that opens to a vaulted great room with expansive windows overlooking lush pastureland and the river beyond. The well-designed layout offers three guest bedrooms on the main level, while the primary suite occupies the upper level for added privacy. A spacious recreation room on the main floor offers the potential to convert into a main-level primary suite if desired. Above the 3-car garage is a charming 750 sq ft guest house with a private entrance, 1 bedroom, 1 bath, a cozy living area, and a kitchenette—ideal for guests, extended family, or rental income. Enjoy outdoor entertaining on the large back patio with serene views of the Animas River and irrigated pasture. The property features spring-fed pond, automated irrigation & sprinkler systems, ample water rights, gated entry with paved driveway, fenced pasture, corral, and room for a barn or riding arena. This is a turnkey equestrian-friendly property that offers incredible potential with plenty of flat, usable land. Don’t miss the opportunity to own a rare riverfront property with proximity to town and year-round access. Be sure to explore the 3D tour and floorplan in the virtual tour link!

Listing Agent

John Wells

The Wells Group of Durango, LLC Listed on: 06/03/2025

Co-Listing Agent

Abbi Munn

The Wells Group of Durango, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,914

Year Built

  • Built in 1992

Lot Details

  • 14.94 Acre Lot
  • Home fronts a pond
  • River Front
  • Cross Fenced
  • Partially Fenced Property
  • Landscaped
  • Sprinkler System

HOA Fees

  • $42 Monthly HOA Fees

Property Views

  • Creek or Stream
  • Mountain

Home Design

  • Metal Roof
  • Wood Siding
  • Stick Built Home

Interior Spaces

  • 2-Story Property
  • Wet Bar
  • Vaulted Ceiling
  • Window Treatments
  • Living Room with Fireplace
  • Formal Dining Room
  • Crawl Space
  • Home Security System

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Tile
  • Slate Flooring

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom Upstairs
  • Walk-In Closet
  • In-Law or Guest Suite
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 3 Car Attached Garage
  • Garage Door Opener
  • RV or Boat Parking

Outdoor Features

  • Deck
  • Covered patio or porch

Additional Homes

  • Accessory Dwelling Unit (ADU)

Schools

  • Sunnyside K-5 Elementary School
  • Escalante 6-8 Middle School
  • Durango 9-12 High School

Farming

  • 5 Irrigated Acres
  • Pasture

Horse Facilities and Amenities

  • Horses Allowed On Property
  • Corral

Utilities

  • Heating System Powered By Leased Propane
  • Heating System Uses Propane
  • Irrigation Water Rights
  • Well
  • Septic Tank
  • Septic System
  • Internet Available

Community Details

  • Association fees include snow removal, road maintenance
  • Animas View Estates HOA
  • Property is near a preserve or public land

Listing and Financial Details

  • Assessor Parcel Number 590530200570

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,914

Year Built

Built in 1992

Lot Details

0

HOA Fees

$42 per month

Listing Details

  • Additional Living Quarters: Yes
  • Appliance Inclusions: Range/Oven, Refrigerator, Dishwasher, Washer, Dryer, Microwave
  • Estimated Irrigation Acres: 4.76
  • Estimated Total Acres: 14.94
  • Class: RESIDENTIAL
  • Em Deposit: 50,000
  • Em Holder: Colorado Title
  • Exterior Inclusions: Landscaping, Irrigation Water, Deck, Lawn Sprinklers, Irrigation Pump, Covered Porch
  • Horse Setup: Yes
  • Interior Inclusions: Window Coverings, Wet Bar, Vaulted Ceiling, Guest Quarters, Security System, Walk In Closet, Garage Door Opener
  • Legal Lot Block: SECTION: 30 TOWNSHIP: 34 RANGE: 9 LOT 4 PROJ 91-10 505 N RAINBOW RD DURANGO 81303
  • Livestock Allowed: Horses
  • Lot Size Acreage: 10 - 19.99
  • Parcel Id Number: 590530200570
  • Price Per Sq Ft: 398.72
  • Property Description: Borders Public Land, Pasture
  • Real Estate Included: Yes
  • Realist Id: 5905-302-00-570
  • Residence Stories: Two Story
  • Rv Parking: Yes
  • Sale/Rent: For Sale
  • Siding: Wood
  • Street Descriptionaccess: Private
  • Street Designation: Road
  • Tax Account Id: R023582
  • Waterfront Type: River, Pond
  • Zoning: Residential Single Family
  • Type: Stick Built
  • Additional Living Type: Guest Home
  • HOA Fees: Yes
  • HOA Transfer Fee: Yes
  • Internet Provider: HiSpeed4U
  • Internet Service: Yes
  • Total Taxes Dollar: $7,790.44
  • Year Built: 1992
  • Foreign Owned Y N: No
  • Prop Description Remarks: Animas Riverfront Estate – 14.94 Acres, Minutes from Downtown Durango. Experience the ultimate blend of privacy, functionality, and natural beauty with this stunning 4,437 sq ft custom home set on nearly 15 irrigated acres with approximately 1,500 feet of Animas River frontage. Located just 8 miles from downtown Durango in the scenic South Animas River Valley, this property is a rare gem for those seeking space, Animas river access, and versatility—whether for recreation, horses, or peaceful country living. Ample water rights feed the trout pond, and produced gravity irrigation to irrigate the pasture. Step inside to a grand entry that opens to a vaulted great room with expansive windows overlooking lush pastureland and the river beyond. The well-designed layout offers three guest bedrooms on the main level, while the primary suite occupies the upper level for added privacy. A spacious recreation room on the main floor offers the potential to convert into a main-level primary suite if desired. Above the 3-car garage is a charming 750 sq ft guest house with a private entrance, 1 bedroom, 1 bath, a cozy living area, and a kitchenette—ideal for guests, extended family, or rental income. Enjoy outdoor entertaining on the large back patio with serene views of the Animas River and irrigated pasture. The property features spring-fed pond, automated irrigation & sprinkler systems, ample water rights, gated entry with paved driveway, fenced pasture, corral, and room for a barn or riding arena. This is a turnkey equestrian-friendly property that offers incredible potential with plenty of flat, usable land. Don’t miss the opportunity to own a rare riverfront property with proximity to town and year-round access. Be sure to explore the 3D tour and floorplan in the virtual tour link!
  • Subdv Name: Not Applicable
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 19

Interior Features

  • Dining Room: Kitchen Bar, Kitchen/Dining, Separate Dining
  • Bedrooms: 5
  • Flooring: Carpet-Partial, Slate, Tile
  • Estimated Total Sq Ft: 4438
  • Full Bathrooms: 3
  • Half Bathrooms: 0
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 0
  • Fireplace Location Type: Living Room
  • Foundation: Crawl Space
  • Main Level Sq Ft: 3092
  • Master Bedroom Level: Upper Level
  • Total Office Den: 0
  • Upper Level Sq Ft: 1345

Exterior Features

  • Fence: Cross Fence, Partial Property
  • Construction Type: Wood Frame
  • Exterior Structures: Corral, Guest House
  • Roof: Metal
  • Views: Mountains, Stream/River
  • Waterfront: Yes

Garage/Parking

  • Garage Type: Attached Garage
  • Garage: Yes
  • Garage Capacity: 3

Utilities

  • Utilities: Electric, Propane-Tank Leased
  • Electric Supplier: La Plata Electric Association
  • Gas Supplier: Propane
  • Irrigation Water Description Amount: see associated docs
  • Irrigation Water District: Yes
  • Sewer Supplier: Septic
  • Water Rights Irrigation: Yes
  • Water Supplier: Well
  • Water Well: Yes
  • Well Permit Number: 168057

Condo/Co-op/Association

  • HOA: Yes
  • Hoa Inclusions: Snow Removal, Road Maintenance
  • Hoametro Fees: 500
  • HOA Metro Fees Frequency: Annually
  • Hoa Name: Animas View Estates

Schools

  • Elementary School: Sunnyside K-5
  • Middle School: Escalante 6-8
  • High School: Durango 9-12
  • High School: Durango 9-12

Lot Info

  • Geo Subdivision: CO

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2025

MLS Schools

  • Elementary School: Sunnyside K-5
  • Middle School: Escalante 6-8

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 $4,914 $112,100 $42,730 $69,370
2023 $4,914 $115,900 $44,180 $71,720
2022 $4,752 $120,100 $45,780 $74,320
2021 $4,784 $110,400 $40,170 $70,230
2020 $4,539 $107,820 $39,480 $68,340
2019 $4,198 $107,820 $39,480 $68,340
2018 $3,929 $101,050 $38,360 $62,690
2017 $3,849 $101,050 $38,360 $62,690
2016 $3,649 $103,750 $40,100 $63,650
2015 $3,436 $103,750 $40,100 $63,650
2014 -- $96,580 $40,100 $56,480
2013 -- $96,580 $40,100 $56,480
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/03/2025 06/03/25 For Sale $1,769,500 -- $399 / Sq Ft
Source: Colorado Real Estate Network (CREN)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $600,000 --
Source: Public Records

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Source: Colorado Real Estate Network (CREN)

MLS Number: 825045

Colorado Real Estate Network (CREN)

APN: R023582