Water is the defining feature of this exceptional Bayfield property. With Pine River frontage, three enhanced ponds, valuable irrigation water and a rich landscape, 5947 CR 516 offers a rare combination of recreation, wildlife habitat, productive ground and extraordinary natural beauty. The three ponds have been thoughtfully enhanced with reinforced banks and additional depth and stocked with bass and trout, creating outstanding private fishing opportunities just steps from the river. The surrounding wetlands, mature cottonwoods and native vegetation provide exceptional wildlife habitat, with deer and other wildlife regularly moving through the property. Water rights from the Thompson-Epperson and Lower King Ditch support irrigated pasture, while the property's mix of open ground, ponds, river corridor and mature vegetation creates tremendous versatility. Wide-open valley and mountain views provide a dramatic backdrop to this peaceful Southwest Colorado setting. Whether your vision is a private fishing retreat, recreational getaway, ranch property or a legacy estate for generations to come, 5947 CR 516 offers something increasingly difficult to find: substantial acreage where live water isn't simply an amenity—it shapes the entire property. An extraordinary opportunity to own a truly special piece of the Pine River Valley.