Located in Costilla County between the Blanca and Fort Garland areas, this multi-parcel ranch offering includes approximately 715+/- acres of Colorado land with conservation value, working land history, equestrian improvements, live and seasonal water features, and wide-open mountain views. The offering includes 555+/- acres protected by a Colorado Open Lands Conservation Easement, preserving the open space, wildlife corridor, and working land character of the area for generations to come. Within the terms of the easement, a designated building envelope allows for future construction in alignment with the conservation guidelines. The largest conservation parcel, 400+/- acres, is home to a spring that has historically produced year-round water and feeds a natural pond. The 40-acre parcel includes Sangre de Cristo Creek running through the center, creating riparian habitat and a dependable stop for sandhill cranes during their spring and fall migrations. The remaining 80 acres provide additional working land suited for rotation or expansion of an existing cattle operation. In addition to the conservation easement parcels, the offering includes 160 acres located at 0 County Road GG near Fort Garland. Previously used for horses, this tract includes a domestic well that allows for up to three single-family dwellings, one acre of home garden or lawn irrigation, and livestock watering. Improvements include a 2,960 square foot barn, pens, an arena, three horse shelters, and a chicken coop, creating a practical setup for someone looking to build, keep animals, store equipment, or create a rural Colorado home base. The ranch has been used for cattle and has historically supported approximately 100 head. Fencing, grass cover, dependable access, and nearby power make portions of the property immediately usable for continued agricultural use, while the conservation status of the protected parcels helps ensure the surrounding landscape will remain open, authentic, and free from future subdivision. Year-round access is provided by county-maintained roads, with convenient proximity to Highway 160, Blanca, Fort Garland, and full views of Mount Blanca. For the next owner, this is more than acreage. It is an opportunity to steward protected Colorado land while also gaining usable ranch and equestrian infrastructure on the additional 160-acre tract. A rare offering with live water, seasonal creek frontage, open views, wildlife, building potential, and room for the kind of rural lifestyle that is becoming harder to find. The 555 acres included in the conservation easement and the 160 acres in Fort Garland are also listed separately.