Riverfront Land with Irrigation
For Sale
$1,987,000
38153 Coburn Road, Paonia, CO 81428
LAND, Paonia, CO
Property SizeContact for details
Lot Size72.00 Acres
Days on Market47
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
(970) 261-5928
Listed By:
Greta Gibb
(970) 270-3311
Added: Aug 11
Changed: Aug 19
Last Checked: Sep 26 at 3:06AM
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.
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.
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
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Current Use
Location Intelligence
Trade Area within ½ mile
2
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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
