A 223-acre ranch excellent for grazing and potential for a conservation easement protecting the Gunnison Sage Grouse. This ranch is bordered with large acreage conservation easements on the west and south and The Lakes at Carstens Ranch subdivision to the east. Current grazing lease and agricultural zoning lowers the annual taxes to $115. Seasonal pond. Well in place produced 60 gpm when constructed in 2005. Excellent views of Wilson and Dolores Peaks to the south. No HOA. Possible subdivision into six 35-acre parcels subject to San Miguel County regulations. Approx. 30 minutes from Telluride. See Documents for maps & 2005 well report.