Exceptional opportunity for a ranch or development property in the Vallecito Valley. This 92+ acre property (4 parcels) has 59 acres of productive haymeadow with a beautiful lake and the balance is in woodlands, with gorgeous streams and ponds bordering Grimes Creek and National Forest on VallecitoReservoir. Approximately 30 acres is in a conservation easement with 3 building sites. The balance of the property is zoned for development of 2 lots peracres. Exceptional water rights of over 5 cfs. Use it as a ranch or private residence now and look to the future for development. This is truly a recreationalparadise that is only 30 minutes from the historic town of Durango and all of its amenities. Seller will consider terms for a qualified buyer.