$499,000

48047 & 48246 E Highway 160

Bayfield CO, 81122

Description

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 septic services the modular and is sized for 3 bedrooms, allowing for room for additional improvements. There are water rights from the spring fed lake, as well as water rights from the Citizens Ditch. The 10.53 acres are fenced with welded pipe fencing and cross fenced. There is also a large barn with horse stalls in place and an attached chicken coop. There are a ton of potential uses for this property, and to top that off, these Sellers are motivated and ready to make a move.

Details

MLS#762747
StyleIQWeb_Mixed Use
Sub-TypeResale
StatusActive
Year1972
Days On Site9

Features

SQ Feet3,502
Story(s)2
Units5
Zoningnone

Market Activity 81122

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Area Information

StateCO
CountyLa Plata
CityBayfield
Zip Code81122
AreaBayfield Rural
Listing VS Median (in 81122)
Price:
$499,000
low | high
Med:
$269,950
95.901803607214% of Average
SqFt:
3,502
low | high
Med:
720
100% of Average
$ / SqFt:
$142
low | high
Med:
$94
84.230280004453% of Average
On Site:
9
low | high
Med:
69
13.04347826087% of Average
Listing Updated: 09/14/2019
MLS Number: 762747
Listing Provided By:
Jeff Reynolds  of  RE MAX Pinnacle



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