Seller's Agent in 2025
John Wells
The Wells Group of Durango, LLC
(970) 749-1440
144 Total Sales
505 Rainbow Rd Durango, CO 81303
5
Beds
3
Baths
4,438
Sq Ft
14.94
Acres
Highlights
- Accessory Dwelling Unit (ADU)
- Horses Allowed On Property
- Home fronts a pond
- Durango High School Rated A-
- River Front
- RV or Boat Parking
About This Home
As of October 2025Animas 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!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,702
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
Matterport 3D Tour
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 3, 2025
Closed on
Oct 29, 2025
Sold by
Paul M Bancroft Trust
Bought by
Iorio Matthew Louis
Seller's Agent
John Wells
The Wells Group of Durango, LLC
Buyer's Agent
Andy Langefels
Legacy Properties West Sotheby's Int. Realty
List Price
$1,769,500
Sold Price
$1,650,000
Premium/Discount to List
-$119,500
-6.75%
Views
184
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
75.95%
Original Mortgage
$1,567,500
Outstanding Balance
$1,567,500
Interest Rate
5.97%
Mortgage Type
New Conventional
Estimated Equity
$188,309
Purchase Details
Closed on
Jul 1, 1994
Bought by
Bancroft Paul M Trust
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | -- | Colorado Title & Closing Servi | |
| Special Warranty Deed | $1,650,000 | Colorado Title & Closing Servi | |
| Warranty Deed | $600,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,567,500 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/30/2025 10/30/25 | Sold | $1,650,000 | -6.8% | $372 / Sq Ft |
| 09/19/2025 09/19/25 | Pending | -- | -- | -- |
| 07/25/2025 07/25/25 | For Sale | $1,769,500 | 0.0% | $399 / Sq Ft |
| 07/11/2025 07/11/25 | Pending | -- | -- | -- |
| 06/23/2025 06/23/25 | For Sale | $1,769,500 | 0.0% | $399 / Sq Ft |
| 06/11/2025 06/11/25 | Pending | -- | -- | -- |
| 06/03/2025 06/03/25 | For Sale | $1,769,500 | -- | $399 / Sq Ft |
Source: Colorado Real Estate Network (CREN)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2025 | $5,702 | $109,340 | $49,990 | $59,350 |
| 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
Agents Affiliated with this Home
-
John Wells
-
Abbi Munn
Seller Co-Listing Agent in 2025
Abbi Munn
The Wells Group of Durango, LLC
(970) 759-2217
175 Total Sales
-
Andy Langefels
Buyer's Agent in 2025
Andy Langefels
Legacy Properties West Sotheby's Int. Realty
(970) 946-3539
57 Total Sales
Map
Source: Colorado Real Estate Network (CREN)
MLS Number: 825045
APN: R023582
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