Prime .43-acre lakefront lot available in Capstone, the last of its kind in this exclusive gated community! This level lot offers breathtaking views of the East and North ranges of the San Juan Mountains, making it an ideal location for your dream home. Enjoy the benefits of living on Village Lake, including the option to obtain an annual permit from Pagosa Lakes Property Association for irrigation purposes at a minimal fee. Additionally, the owner can apply to construct a private dock on the lake. Note: The neighboring property to the north is currently maintaining approximately 12 feet of this lot, with the property line extending to the edge of their landscaping. Don't miss this rare opportunity to secure a lakefront property in Capstone!