This is Colorado living at its finest. A luxury home, barn and other horse setup, private pond, and more sit on nearly 40 acres in Wallace Gulch. As you enter the home, you'll notice the southwestern influences perfectly matched with modern amenities. The dining room draws your eye as you enter as natural light streams in the large windows which also offer expansive views. French doors give access to the back patio and spacious yard. A couple steps down, the living room features a stunning gas fireplace with rock surround that warms the space complete with wood floors, a bay window, and plenty of room for all. Through another, smaller dining nook also warmed by a wood stove, the kitchen is a chef's dream. Alder wood cabinets blend exquisitely with the tile floors and accent the black granite countertops. A large butcher block island is ideal for the extra counter space and bar seating. Stainless steel appliances, farmhouse style sink, ample cabinets, and wet bar area make this area a wonderful gathering space. Double doors lead to a quaint patio area for outdoor dining while a sliding barn door leads to a pantry doubling as a laundry room for extra storage. A bedroom, office/craft room, and 1.25 baths are conveniently located on the main floor. Upstairs, the primary suite boasts three closets; a large bathroom with skylights, dual vanity, soaking tub, and shower; gas stove; floor to ceiling bay window; and a private balcony featuring amazing views. Additionally upstairs there is another large bedroom, a great bunk room that has a sizable bonus room attached extending the living space further. Outside, the horse barn has 3 large stalls - currently set up for two, a tack room, and an attached corral. The property is fenced and cross fenced providing an ideal grazing room. The southwest corner of the property adjoins nearly 1700 acres of BLM land ready for you to explore. The home is only 10 minutes away from Bayfield, conveniences are not hard to come by. Vallecito Reservoir is a mere 25 minutes to the north and Durango is 35 minutes for added shopping, restaurants, and more. Don't miss out on this Colorado horse property with unique touches and great views. The septic tank was replaced in February 2025.