Treasure Falls is a 105 foot, plunge waterfall just 15 miles outside of Pagosa Springs, Colorado. It’s just a 1/2 mile hike in to the falls where you can get close enough to feel the spray and mist from the falling water. It’s a sight that kids and adults alike will remember. Explore the full Treasure Falls hike profile below for trail map, driving directions, and more of the details you need to enjoy this adventure near Wolf Creek Pass in Colorado.

Trail Snapshot: Treasure Falls Near Pagosa Springs, Colorado

Parking & Trailhead Information for Treasure Falls in Colorado

Treasure Falls is located about 15 miles northeast of the town of Pagosa Springs, along highway 160 near Wolf Creek Pass. Driving from Pagosa Springs, the parking area and trailhead for Treasure Falls are located on the right (east) side of the road. Parking can accommodate about 18 vehicle and 3 RV/trailers. There are restrooms at the site. Because parking is limited, it fills to capacity often during the summer months. Though the trailhead is open year round, sometimes the entrance gets blocked by plowed snow. Some have noted Treasure Falls as a handicap accessible hike, but it is not. However, the waterfall can be viewed–at a distance–from the parking area.

The Hike: Treasure Falls in Colorado

Treasure Falls is a 105 foot plunge waterfall with a horsetail spray. This hike is approximately 1/2 mile to the two different observations decks. The complete journey down to the falls and back (includes both observation decks) is a total of 1 mile. Along the way, hikers learn the history of the area and the story of how Treasure Falls got its name: a legend that a treasure was buried near the sight. Kids (adults, too) will love this short hiking trail, the history, and the captivating site of one of Colorado’s highest waterfalls. While short, the hike is steep, and older folks and those who have difficulty walking, may find the journey beyond their ability.


Landscape Near Treasure Falls courtesy of Tobias Haase

The first observation deck, named Blowout, takes the trail to the right. The second observation deck, which is closer to the waterfall–so close that you can feel the spray from the falls–is called Misty Deck, and can be reached by going back to the main trail and following the signs.

The trail to Treasure Falls is steep and can become quite muddy with the spring snowmelt and rains. In the Winter, the waterfall freezes over into an aqua stream of ice. During these months, when the parking lot is not plowed or snowed in, Treasure Falls can be accessed by snowshoeing or hiking in with traction devices or microspikes–much depends on the amount of snowfall. Ice can compound with the snow to make the trail very difficult.

waterfall in canyon with bridge in foreground fish creek falls waterfall in colorado

Tips & Resources for Hiking to Treasure Falls, CO

  • Hot Cocoa: After the trip, drive up the the Wolf Creek ski area and get hot chocolate at the lodge.
  • Wear Good Footwear: The hike up to treasure falls can be slick in places, and muddy in the spring. Be sure to have durable and gripping boots or shoes. Looking for good boots? Check out our hiking boot reviews.
  • Packing List: Always pack the 10 Essentials. Download our Hiking Guide to get list and dayhiking packing checklist.
  • Colorado Road Conditions: Colorado Road Conditions
  • After the Hike: Alley House Grill in Pagosa Springs
  • Photo: We would like to express our gratitude to Tobias Haase for sharing such an amazing photograph of this hike.


Map & Driving Directions

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