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48074 & 48246 E Highway 160 HighwayBayfield, CO 81122Price: $1,499,000

  • Price: $1,499,000
  • Est. Mortgage of $/month
  • 141 Days on Market
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Federal 30-year interest rate: 7.19% last updated on Sep 21, 2023
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $1,499,000List Price
  • 7Bedrooms
  • 11Acreage
  • 1972Year Built
  • 4,470Square Feet
Listed by Randall Burton of Keller Williams Realty Southwest Associates,LLC

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**Seller financing available to qualified buyers with 50% down**. This unique passive-income property is just five minutes East of Bayfield off Highway 160. The Buyer immediately acquires rental leases totaling $117,900 (annual passive income). Included: lodge with primary residence and three additional apartments (3502sqft total), a cottage (688sq), tiny house (280sq), office/studio outbuilding (280sq), and barn (1,700sq)—half of which was converted into a business front years ago but needs TLC. The property is zoned commercial for both residential and commercial-use with one of its wells being commercial. Additionally, there are RV sites available with room to grow on the 10.53 acres. The property has a large pond (up to 10ft deep) with Beaver Creek seasonally flowing through, two fenced pastures, and the barn contains three stalls and a chicken coop. Presently, the property is fully rented with long-term tenants but can be switched over to vacation rentals (which it was in years past) to potentially double the income. The primary residence is approx. 2,000sqft with two full baths and two bedrooms, with a third that could be easily converted upstairs. It features a stunning 20ft tall fireplace, waterfront views, and a groovy spiral staircase that takes you to a cozy library or office space. No sound travels between the primary residence and apartments, making it effectively feel like a separate home with complete privacy due to its own entrance and backyard. The property boasts reliable high speed internet (a rare find outside of town limits) and has no HOA or covenants. The property consists of three lots being sold together. One of which is a small corner piece near Deer Valley community’s entrance. It holds potential for a water resupply station using the lodge’s commercial well, which is a need for the community and other locals whose wells dry during summer months. Whether you want a nice home to live in with low-hassle passive-income, a year-round vacation rental business, or something more creative due to the property’s flexibility—this rare gem is ready to be polished by new hands with the current owner willing to pass on everything they learned thus far to help you make the most out of this incredible opportunity.

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 The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2023. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.
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Real Estate listings held by companies other than Grace Golden Country Homes LLC contain that company's name.
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The data on this site was last updated September 26, 2023

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