Florida Road, Vallecito Road, county 240, 501. A winding, rural, 35-mile road to two reservoirs, past picturesque farms, ranches, and old homesteads. Vallecito Lake is considered to be one of Colorado’s most beautiful bodies of water and is a great destination to include in your adventure to Durango or Mesa Verde. Vallecito is a Spanish word that means ‘Little Valley’ and it is nestled at 8,000 feet above sea level, surrounded by the lush San Juan National Forest.