Gray Hackle Ranch rests on 175 acres and has approximately 3,000 ft. of Pine River frontage and an additional 1,000 ft. on both sides of a branch off the main river with end-of-the-road privacy and exceptional views of the Pine River and Pine River Valley. The 5,080 SF light-filled home has an inviting open living space with 5 beautifully appointed bedrooms and 4 baths. Also, there is gourmet galley kitchen with walk-in pantry, 3 wood-burning fireplaces. It is situated directly on an arm of the Pine River with a trout filled, Gray Hackle Lake and Cottage Pond, so water is visible from every window in the residence. The river, lake and pond provide opportunities for world-class trout fishing and the soothing waterfall features create a serene environment conducive to rest and relaxation. The decks and outdoor living spaces are an extension of the home, allowing for enjoyment of the surrounding beauty and myriad of wildlife, both day and night. Just outside your back doors, there are two accessible private islands in the middle of the Pine River, connected by footbridges and surrounded by babbling water, to greatly increase the amount of river frontage and wadeable fishing waters. It also makes a great picnic spot, and in the springtime, it is captivating to watch the newly born fawns and geese that gather here. In addition to being one of southwestern Colorados finest tail-water fisheries, it has its own private access road, extending to miles and miles of BLM and USFS land, between the Pine River and the Piedra River Valleys. There is also a 1,800 SF 3-bay equipment/toy barn, which is prefect for storing ranch equipment, ATVs and an oversized RV. Gray Hackle Ranch is platted into five separate parcels, allowing the purchaser many options, including a preferable 1031 Exchange opportunity. There is currently no conservation easement. This is one of the most soothing and nurturing properties youll find in the Durango area, offering exceptional year-round recreation and abundant wildlife.