Priced to sell with a $50k price reduction! Short Term Rentals permitted! Beautiful Mountain Modern home across the street from Lake Pagosa. This home was designed and built by ARayDesign Builders in 2023. Home is Like New! Finishes and designs are that of highest caliber homes Pagosa offers; 132 Cloud Cap is no exception! 1,722 sq ft of living space, 518 sf of covered deck, 613 sf finished garage. Large windows for an abundance of light. Entire home is foam insulated for extra energy efficiency. Modern chef's kitchen includes gorgeous alder cabinets, solid countertops, high-end appliances. Tankless Water Heater for savings on utilities! Enjoy separation of primary bedroom on main living from guest rooms. Views of Lake Pagosa from every room and decks on main level. Exterior: Steel, stone, and wide wood planks, Steel Seamless Roof w/heated gutters allows no snow build up in the winter. Summertime allows a short walk to fishing, kayaking, paddle-boarding and wintertime skating and X-country skiing on the lake. Many paved roads for easy, flat biking and bike path access. Mountain biking is less than 3 miles to a National Forest access gate. Near City Market, Walmart, Pagosa Mountain Hospital, Pagosa Springs Golf Course (three 9-hole courses) and all resort amenities including the Ralph Eaton Recreation Center. Fish the 4-private trout-stocked lakes of the Pagosa Lakes Resort area, play tennis at the Wyndham or enjoy Pickle-ball at the 8 new courts Pagosa has added. Pagosa Lakes Resort amenities are exclusive to home or landowners only. Less than 10 minutes to Historic Downtown Pagosa Springs where you can soak in the Pagosa Hot Springs, walk the San Juan River walking path, fly fish, hike Reservoir Hill or take in one of the many trendy mountain restaurants or brewpubs. Enjoy 2.5 million-plus acres of San Juan National Forest just minutes in any direction. National Forest gates are in abundance for hiking, biking and hunting enthusiast! Make this gem your own!