Set on 38.79 irrigated acres just outside Bayfield, this versatile rural property combines comfortable residential living with the infrastructure needed for horses, cattle, hay production, and ranch use. The 3-bedroom, 2-bath home offers 2,558 square feet, a finished basement, mountain views, a covered back deck, fenced yard areas, and multiple outbuildings for livestock, hay, and equipment. The property is set up for a cow operation with pipe corrals, livestock fencing, corral panels used as permanent fencing, and a squeeze chute. Irrigation includes 28.79 sprinkler-irrigated acres and 10 flood-irrigated acres through Pine River Irrigation District, Schroder Irrigating Ditch Co., and the Campbell Lateral. Existing irrigation equipment is included, including the side roll, a recently installed 10 HP motor and pump, new foot valve and intake pipe, hoses, pipes, and sprinklers. A portable above-ground yard-watering setup connects to the irrigation system and allows most of the yard to be watered at once. Recent improvements include new appliances, a propane cookstove, propane tankless water heater, new range hood, extensive new plumbing, a Liberty NexGen Hybrid wood stove with reconstructed flue components, a new domestic-well pressure tank, a 30-amp RV hookup, updated electrical work in the garage and pump house, new garage-door operating components, new storm doors and rear French doors, Kwikset SmartKey locks, replacement window screens, bathroom updates, and fencing improvements. Domestic water is supplied by a permitted well, and sewer service is provided by a septic system. Internet service is available at the residence, and the buyer will need to arrange service with their chosen provider. The property is also subject to a recorded conservation easement. Buyers should review the conservation-easement documents and verify all permitted uses, restrictions, water rights, irrigation information, and transfer requirements during due diligence. With productive irrigated acreage, livestock infrastructure, substantial storage, and easy access to Bayfield, this property offers a strong combination of rural functionality and Southwest Colorado living.