Price
$ 499,000
$ est. monthly payment
48074 & 48246 E Highway 160, Bayfield, CO 81122  
  • 5 beds
  • 5 baths
  • 3,502 sqft

48074 & 48246 E Highway 160, Bayfield, CO 81122  

This is a unique property just 5 minutes east of Bayfield. There are 3 lots, and 2 main living structures. There is a 2 Bedroom, 1 bath modular, and there is a Lodge that holds 4 units (3 one bedroom units with kitchenettes and 1 two bedroom unit). The modular home is highly functioning, one full bedroom and loft space for another bed. Find both a pellet fireplace insert and an electric furnace for heat. The Lodge was formerly the Deer Valley Lodge, and is now known as Song Spring Lake Retreat. From all units there are great views overlooking the lake and mountains. This property is centered around the large spring fed lake, which is 25 feet deep and has a peaceful path around it for easy fishing and scenic seating options. Beaver Creek runs year round through the property. This property once used to be part of Deer Valley, but has been "de-annexed"- so there is no HOA, and there are no covenants. The Sellers have rented out 4 of the 5 units as VRBO/AirBnB properties, and generated approximately $25,000 in rental income in 2018. The single bedroom studios and the modular are clean, cute and come furnished. The 2 bedroom unit in the Lodge needs updating. This 2 bedroom unit has large windows and great privacy, so could be finished as another rental unit or as a primary residence. Each of the 4 Lodge units have a ducted propane furnace. Also included in the deal is a well-built outbuilding that is currently used as an office/studio. The barn studio is an artisan delight for a wood working shop or other creative business opportunity with abundant parking. There are 3 wells on the property, one which is a domestic well that services the modular, the second is a commercial well that services the Lodge. The third well is in place, but has never been finalized. There are 2 septic systems- the system for the Lodge is sized for 9 bedrooms- more than enough to accommodate the 4 units, as well as RV parking on the adjacent pad near the Lodge (hookups are in place). The second

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  • Listing Type Single Family
  • Listing ID 762738
  • Bedrooms 5
  • Bathrooms 5
  • House Size 3,502 sqft
  • Lot Size 10.53 acres
  • Listing Status Active
  • Year Built 1972
  • County La Plata County
  • Full Bath 5
  • Subdivision Deer Valley
  • School District 1 Bayfield K-5
  • School District 2 Bayfield 6-8
  • School District 3 Bayfield 9-12
  • Taxes 2708.0
  • TaxYear 2019
Listing courtesy of Jeff Reynolds~RE/MAX Pinnacle

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