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Riverfront Land with Irrigation Water

38153 Coburn Road, Paonia, CO 81428

For Sale
$1,987,000

LAND, Paonia, CO

Property SizeContact for details
Lot Size72.00 Acres
Days on Market96

Property Features for 38153 Coburn Road

General Information

Property type Land
Property subtype Other
Directions Take Mathews Lane west from Paonia. Continue straight on Coburn Road. At the end of the road once you are in the cul-de-sac, continue straight. Property line begins at the real estate sign.
Standard status Active
Lot size 72.00 Acres

Utilities

Water front 1
Listing Agency: Paonia Realty LLC
Listed By: Greta Gibb · License CO FA100094072
Added: Aug 11 Changed: Aug 19 Last Checked: Nov 14 at 12:06AM
MLS# 837984

Copyright © 2026 Colorado Real Estate Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This 72-acre waterfront property comprises two legal parcels along the North Fork of the Gunnison River, with more than a half mile of river frontage. Up to four residences may be built, and the property includes one domestic water tap. Nine decreed natural springs provide 0.5 cfs, while 16.5 shares of Paonia Ditch water support irrigation. Short Ditch also crosses the land.

Set at the end of Coburn Road, the property has views of Grand Mesa, the West Elk Mountains, the river, and surrounding countryside. Paonia is approximately 3 miles away. Wetlands, cottonwood forests, river corridors, and agricultural ground support varied wildlife habitat, including elk, mule deer, black bear, bald eagles, hawks, cranes, and waterfowl.

The land has historically supported cattle grazing and currently benefits from favorable agricultural tax status. Potential uses identified for the property include specialty crops, livestock, orchards, vineyards, regenerative farming, conservation, and residential development. Elevate high-speed fiber optic internet is available, and the property adjoins a 410-acre conservation easement.

Key Highlights

  • 72 riverfront acres along the North Fork of the Gunnison River
  • More than a half mile of river frontage, plus Short Ditch crossing the property
  • Nine natural springs decreed to provide 0.5 cfs

Property Analytics

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Current Use

Waterfront Land

Suggested Use

Top Pick HVAC Service Auto Repair Shop Garden Center Storage Facility Restaurant Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2
Businesses Nearby

Demographics for 81428, CO

3,635
Population
2,150
Households
1.7
Avg Household Size
51
Median Age
39%
College-Educated
94%
High-School Grad
189.6 sq mi
ZIP Area
19
Density / Sq Mi
$76,964
Median Household Income
$51,050
Median Earnings
$1,007
Median Rent
$371,400
Median Home Value
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Frequently Asked Questions

What type of property is this?
Waterfront Land - Two legal parcels offer residential and agricultural flexibility with established water resources.
Where is this waterfront land located?
The property is located at 38153 Coburn Road Paonia, CO.
What is the asking price?
The asking price for this property is $1,987,000.
What are key features of this property?
This property features: 72 riverfront acres along the North Fork of the Gunnison River; More than a half mile of river frontage, plus Short Ditch crossing the property; Nine natural springs decreed to provide 0.5 cfs
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