A working 43-acre horse ranch, located near Telluride, and halfway between Ridgway and Ouray.The ranch is designed for keeping horses and livestock, raising your own hay, and being almost completely self-sufficient. There is deeded water rights (1.25 CFS), a waterfall, working well, a beautiful pond with ducks and geese, a custom-built horse barn and dedicated hay barn, large arena, round pen, raised garden beds, chicken coop, and gated-pipe irrigated pastures. The main 1872 SF ranch house currently has 3 bedrooms/3 full baths, including a lock off 1200 sq.ft studio apartment (Caretaker/mother-in-law), and large deck overlooking the mountains and valley. This property is 10 minutes from the Ridgway Reservoir for fishing, boating, and water sports and also near the Cimarron Mountains. We are in the heart of the San Juans, known for world class fly fishing, hot springs, and breathtaking views!