Welcome to this charming 1,920-square-foot stick-built home nestled in the beautiful Vallecito Lake community, offering the perfect combination of privacy, space, and mountain living. Situated on a beautiful, flat 1.6-acre lot with creek frontage on two sides, this property provides a peaceful setting with plenty of room to enjoy the outdoors. Inside, the home features an inviting open floor plan with a spacious living area centered around a cozy wood-burning stove. The updated kitchen features granite countertops, a custom butcher-block island, and a convenient pantry, creating a beautiful and functional space for cooking and entertaining. The primary bedroom is conveniently located on the main level and features a connecting bathroom with a walk-in shower, as well as a conveniently located washer and dryer. Bedrooms two and three are upstairs along with a 1/2 bath, providing comfortable space for family and guests. Enjoy your morning coffee or evening sunsets from the front porch, where beautiful mountain views create a stunning backdrop. The large rear porch overlooks the expansive, level backyard, offering a wonderful space for outdoor entertaining, relaxing, and enjoying the peaceful surroundings. The property also features a new gravel driveway, oversized one-car garage, and storage shed. The spacious, level acreage and creek frontage on two sides provide plenty of room for gardening, recreation, pets, or simply enjoying the outdoors. For added flexibility, the home can be purchased furnished, making it an ideal option for a vacation home or investment property. Short-term rentals are allowed, offering excellent potential for those looking for a vacation rental or income-producing property. A rare combination of lake community living, mountain views, creek frontage, usable acreage, and rental potential makes this property a must-see!
Active
Price cut: $24.1K (9/20)
$574,900
124 W Grimes Creek Road, Bayfield, CO 81122
3beds
1,920sqft
Stick Built
Built in 1957
1.6 Acres Lot
$558,100 Zestimate®
$299/sqft
$-- HOA
What's special
- 42 days
- 2,034
- 214
Zillow last checked:
Listing updated:
Listed by:
Andrea Basye C:970-708-9036,
Bayfield Realty
Source: CREN,MLS#: 838525
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Level: Main
Dining room
- Features: Kitchen Island, Kitchen/Dining, Separate Dining
Heating
- Wood Stove
Appliances
- Included: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Features
- Flooring: Carpet-Partial, Vinyl
- Basement: Crawl Space
- Has fireplace: Yes
- Fireplace features: Den/Family Room, Wood Burning Stove
Interior area
- Total structure area: 1,920
- Total interior livable area: 1,920 sqft
Video & virtual tour
Property
Parking
- Total spaces: 1
- Parking features: Detached Garage
- Garage spaces: 1
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered Porch, Deck
- Exterior features: Irrigation Pump, Irrigation Water
- Has view: Yes
- View description: Mountain(s)
- Has water view: Yes
- Water view: Stream/River
- Waterfront features: Creek, Seasonal Stream/Spring
Lot
- Size: 1.6 Acres
Details
- Additional structures: Shed(s), Shed/Storage
- Parcel number: 537729101062
- Zoning description: Residential Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Stick Built
- Attached to another structure: Yes
Materials
- Roof: Metal
Condition
- New construction: No
- Year built: 1957
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
- Utilities for property: Electricity Connected, Propane-Tank Owned
Community & HOA
Community
- Subdivision: Grimes Creek
HOA
- Has HOA: No
Location
- Region: Bayfield
Financial & listing details
- Price per square foot: $299/sqft
- Tax assessed value: $574,960
- Annual tax amount: $2,334
- Date on market: 8/28/2026
- Has irrigation water rights: Yes
- Electric utility on property: Yes
- Road surface type: Dirt
Estimated market value
$558,100
$530,000 - $586,000
$2,218/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/20/2026 | Price change | $574,900-4%$299/sqft |
Source: | ||
| 9/14/2026 | Price change | $599,000-0.1%$312/sqft |
Source: | ||
| 9/1/2026 | Listed for sale | $599,500+71.3%$312/sqft |
Source: | ||
| 4/17/2023 | Sold | $350,000$182/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,606 +10.3% | $35,940 +22.4% |
| 2024 | $1,456 +10.6% | $29,360 -3.6% |
| 2023 | $1,317 -4% | $30,450 +37.8% |
| 2022 | $1,372 | $22,100 -2.9% |
| 2021 | -- | $22,750 +6.8% |
| 2020 | $1,244 +16.7% | $21,300 |
| 2019 | $1,066 | $21,300 +11.3% |
| 2018 | $1,066 | $19,140 |
| 2017 | $1,066 -0.4% | $19,140 -4.7% |
| 2016 | $1,070 +148.5% | $20,090 |
| 2015 | $431 | $20,090 +5.5% |
| 2014 | -- | $19,050 |
| 2013 | -- | $19,050 -4.9% |
| 2012 | -- | $20,030 |
| 2011 | -- | $20,030 -4.7% |
| 2010 | -- | $21,020 |
| 2009 | -- | $21,020 +2.8% |
| 2008 | -- | $20,450 -0.1% |
| 2007 | -- | $20,470 +15.5% |
| 2005 | -- | $17,720 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 81122
Nearby schools
Schools provided by the listing agent
- Elementary: Bayfield K-5
- Middle: Bayfield 6-8
- High: Bayfield 9-12
Source: CREN. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.





