Treasure Falls, Colorado

Treasure Falls is a waterfall in San Juan National Forest that drops approximately 105 feet over rocky cliffs into Fall Creek below. The water flows through forested terrain with steep mountain slopes on either side, creating a natural water feature set within remote canyon walls.

Early settlers named the falls after local legends about buried gold hidden somewhere within the surrounding mountains. These tales from the frontier era remain part of the place's story today.

The waterfall serves as a natural monument within Mineral County, attracting photographers and nature observers throughout the changing seasons.

The trail starts from a parking area on U.S. Route 160 northeast of Pagosa Springs with a moderate climb gaining about 300 feet in elevation. The path winds through forest and reaches a viewing platform at the base where you can see and feel the water up close.

A viewing platform at the base puts you close enough to feel the water mist spray directly and watch rainbows form when sunlight hits the falling water. This spot offers an uncommon vantage point rarely found at similar falls in the region.

Location: Mineral County

Part of: Fall Creek

GPS coordinates: 37.44310,-106.87400

Latest update: December 11, 2025 11:00