7100 County Road 501, Bayfield, Colorado, United States

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Home For Sale

$2,190,000

7100 County Road 501
Bayfield, Colorado, United States

17bd 9.5ba

Listed By: Realtyww Info

Listed On: 07/24/2024

Listing ID: GL11872292 View More Details

Description

Your INCOME PRODUCING retreat awaits above the Pine River Valley, near both Durango and Bayfield. With NO COVENANTS and NO RESTRICTIONS on STRs, this commercial property is waiting to pay for itself with its rental income. Nestled among 4.5 scenic acres in a pine forest, a grandiose 3, 285 sq. ft. log cabin stands as the centerpiece of a serene retreat. Surrounding the main cabin are four single family rental cabins and an additional 9-unit lodge. A small loafing shed with corral on the property also makes it equestrian ready. THE MAIN RESIDENCE: Constructed of hand peeled logs with gabled stucco ends, this executive residence has been thoughtfully designed to combine a rustic feel with modern luxury. 30 vaulted ceilings, radiant floor heat, hickory cabinets and granite countertops are just some of the accents that make this 3 Bedroom, 3 Full Bath and 1 Half Bath home divine. It also has a two-car garage with heated slab, new boiler and new septic system. FOUR SINGLE FAMILY RENTAL CABINS: The cabins were finished in 2021 and they all share identical floor plans. They come with a covered porch, full kitchen, 1 full and 1 half bath, 1 bedroom and a loft. They each have pellet stoves and baseboard heat. They are on a new septic system and public water, and they are individually metered. Each cabin has the income potential of $1500+ per month or $250+ per night. THE 9-UNIT LODGE: Renovated in 2020, with new insulation, windows, kitchens, baths, flooring, fixtures, and appliances throughout, each unit offers a private escape with comfortable amenities and picturesque views. The lodge unit interiors are thoughtfully designed and are fully furnished with fully equipped kitchenettes, inviting living and sleeping spaces, and tranquil ambiance. The lodge units have been operated as short-term rentals in the past and could be short- or long-term rental units in the future. LOCATION: Attention Hunters and Anglers! This income producing property is only 30 minutes from Gold Medal Waters and 40 minutes to Red Chili Waters! Located in GMU 751, the monster muleys and elk coming down from the Weminuche Wilderness are the stuff of legends. Vallecito Reservoir is just 10 miles up CR-501, where a vibrant recreation community enjoys boating, fishing, parasailing, hiking, horseback riding, cross-country and backcountry skiing, snowmobiling, and more. A 25-minute drive takes you into Durango, where you can enjoy boutique shops, fine dining, and attractions like the Durango Silverton Narrow Gauge Railroad and Purgatory Ski and Summer Resort. 45 minutes west lies Wolf Creek Ski Area, Colorados deepest snow! Enjoy luxury mountain living while producing your own income in the heart of Southwest Colorado. Contact us today to schedule your private tour.

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Listed by: Michelle Furi