Open space on 2 sides. Beautiful easy build parcel in high end area. The Reserve is currently one of the best values in Pagosa. Where can you find million dollar homes with land prices like this. If your looking to buy in Pagosa, don't forget to include The Reserve in your search. The Reserve at Pagosa Peak is a gated high end community that sold out during the Boom. Now you can buy lots at 25 cents and sometimes less on the dollar compared to original sales prices. Only a few parcels are still available at these low prices. Its your turn to take advantage of the market which is currently moving back up. The Reserve has Covenants and Restrictions which include Architectual Guidelinesto help protect your investment.