505 Rainbow Rd Durango, CO 81303
Property details
About 505 Rainbow Rd
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!
Highlights
Virtual tour
Summary
- Full Bathrooms: 3
- Appliances: Range, Oven, Refrigerator, Dishwasher, Washer, Dryer, Microwave
- Basement: No
- Flooring Type: Carpet-Partial, Slate, Tile
- Interior: Window Coverings, Wet Bar, Vaulted Ceiling, Guest Quarters, Security System, Walk In Closet, Garage Door Opener
- Fireplace: Living Room
- Total Bedroom Count: 5
- Garage Space: 3 spaces
- Attached Garage: Yes
- Parking: Attached Garage
- Waterfront: River, Pond
- View: Mountain(s), Stream/River
- Exterior: Landscaping,Irrigation Water,Deck,Lawn Sprinklers,Irrigation Pump,Covered Porch, Corral,Guest House
- Heating: Propane
- List Price: $1,769,500
- Price/SqFt: $398
- Annual Tax Amount: $4,913
- Tax Year: 2023
- Lot: Pasture
- Directions: Hwy 550 to CR 213 to Rainbow Road
- Year Built: 1992
- Stories: 2
- Living Area: 4,438 SqFt
- Lot Size: 14.94 Acres
- MLS Number: 825045
- Office Name: The Wells Group of Durango, LLC
- Listing Agent: John Wells
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PUBLISHERS NOTICE: All information is deemed reliable but is not guaranteed and should be independently verified. All real estate advertised herein is subject to the US Federal Fair Housing Act of 1968 and the Colorado Fair Housing Act, which makes it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin. Please check with your local government agency for more information.
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Last updated on: 6/11/2025, 4:45:31 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,769,500
505 Rainbow Rd
$10,000
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| May 31, 2000 | Home Sold | $895,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $112,100 | $4,913 |
| 2022 | $107,320 | $4,752 |
| 2021 | $110,400 | $4,783 |
| 2020 | $107,820 | $4,538 |
| 2019 | $107,820 | $4,197 |
| 2018 | $101,050 | $3,929 |
| 2017 | $101,050 | $3,848 |
History based on county public records data.
Nearby schools
5
Florida Mesa Elementary School
Public District PK-5
6.2 mi
•216 Highway 172
8
Park Elementary School
Public District PK-5
7.2 mi
•510 E 6th Ave
5
Needham Elementary School
Public District PK-5
8.8 mi
•2425 W 3rd Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
All data from GreatSchools
Neighborhood
The neighbors living near this home have an average income of $62,575. The majority of Durango, CO residents have income between $35k-100k annually. The majority of families are married, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Hunting
NASCAR
Pro Wrestling
Where do the neighbors shop?
Dick's Sporting Goods
Dillards
Wal-Mart
Where do the neighbors go to eat?
Texas Roadhouse
Cracker Barrel
Hardee's
What do the neighbors drive?
Subaru
Cadillac
Ram
What do the neighbors listen to?
New Country
News/Talk/Information
Classic Country
Frequently asked questions
About 505 Rainbow Rd
The listing price of 505 Rainbow Rd property is $1,769,500.
The property 505 Rainbow Rd is a house located in Durango, Colorado, 81303.
Active Listing: 505 Rainbow Rd is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 505 Rainbow Rd are: Florida Mesa Elementary School (GreatSchools Rating 5/10), Park Elementary School (GreatSchools Rating 8/10), Needham Elementary School (GreatSchools Rating 5/10), Escalante Middle School (GreatSchools Rating 5/10), Miller Middle School (GreatSchools Rating 5/10), Mountain Middle School (GreatSchools Rating 8/10), Southwest Colorado Eschool (GreatSchools Rating 4/10), Animas High School (GreatSchools Rating 5/10), Colorado Connections Academy @ Durango (GreatSchools Rating 4/10).
According to the records, the last property tax for 2023 is $4,913 (source: MLS/based on county public records data).
The last sale was on May 31, 2000 for $895,000 (source: MLS/tax record).
The property at 505 Rainbow Rd has 5 bedrooms and 3 bathrooms.
The property 505 Rainbow Rd is 4,438 SqFt (source: MLS/tax record).
The year of construction for 505 Rainbow Rd is 1992.
This home is located at 505 Rainbow Rd in Durango, CO and zip code 81303. This 4,438 square foot home, which was built in 1992, sits on a 14.94 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since June 5, 2025 and is currently priced at $1,769,500.
In May 2025 in Durango, CO there were 59.5% more homes for sale than in April. The median list price of listings available in May 2025 was $995,000, while the average time on the real estate market was 92 days.