505 Rainbow Rd Durango, CO 81303
Estimated payment $9,861/month
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
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!
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
Map
Home Values in the Area
Average Home Value in this Area
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 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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 |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $600,000 | -- |
Source: Colorado Real Estate Network (CREN)
MLS Number: 825045
APN: R023582
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