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  • Price cut: $200K (6/13)
    $995,000

    234 Wapiti Drive, Bayfield, CO 81122

    4beds
    3,226sqft
    : 
    $5,878/mo
    Get pre-qualified
    Stick Built
    Built in 2001
    1.1 Acres Lot
    $941,900 Zestimate®
    $308/sqft
    $-- HOA

    What's special

    Room for a workshopSerene riverfront sanctuaryHigh-end finishesExquisite custom tile workOversized two-car garageMillion-dollar vistasAmple storage options
    Welcome to your serene riverfront sanctuary, nestled above the Pine River with breathtaking views of the surrounding mountains! A true fisherman's paradise. This exceptional property features million-dollar vistas and a beautifully designed single-level home with stunning vaulted tongue-and-groove ceilings, a bright and airy open floor plan, and three spacious bedrooms with two well-appointed bathrooms. Custom-built with care by the original owner, this immaculate home showcases pride of ownership and meticulous attention to detail. As you enter, a lovely wall of windows fills the living area with an abundance of natural light, providing uninterrupted views of the picturesque landscape. The spacious kitchen offers quartz countertops, beautiful hardwood cabinets, bar seating, and a pantry. The home features exquisite custom tile work, gorgeous hardwood floors, a separate laundry room, and ample storage options. Efficient Steffes electric heaters and a wood stove, complemented by solar panels, significantly reduce utility costs. Step outside onto the large timber-covered deck, where the soothing sound of the rushing Pine River creates an idyllic setting for relaxation and enjoyment. The oversized two-car garage not only offers space for vehicles but also provides room for a workshop, and a sizable three-car carport ensures plenty of additional parking and storage options. Above the generously sized garage, there is a charming one-bedroom unit with a private entrance—perfect for hosting guests or generating rental income. It features a large living area with access to a deck, an eat-in kitchen, a bedroom with a large closet, a bathroom, and a laundry room. The impeccably landscaped yard leads to an inviting firepit area, just beyond the custom artist studio, equipped with a kitchenette and private bath—imagine the possibilities for a creative workspace or an intimate artist's retreat. With a newly installed metal roof, recently expanded septic system, high-end finishes, and an emphasis on energy efficiency, this home is an ideal blend of comfort and sophistication, perfectly situated on over an acre of paradise just minutes from the scenic Vallecito Reservoir for boating, paddleboarding, fishing, nordic skiing and more! The main home consists of 2386 square feet with an 840 square foot ADU above garage.
    106 days
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    408
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    16
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    Zillow last checked:

    Listing updated:

    Listed by:

    Melissa Mayer C:970-759-1892,

    Legacy Properties West Sotheby's Int. Realty

    Source: CREN,MLS#: 834481MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 4
      • Full bathrooms: 4
      Heating
      • Central Electric, Solar, Wood Stove
      Appliances
      • Included: Dishwasher, Disposal, Dryer, Range, Refrigerator, Washer
      Features
      • Vaulted Ceiling(s), Walk-In Closet(s)
      • Flooring: Carpet-Partial, Hardwood, Tile
      • Has fireplace: Yes
      • Fireplace features: Blower Fan, Wood Stove
      Interior area
      • Total structure area: 3,226
      • Total interior livable area: 3,226 sqft

      Property

      Parking
      • Total spaces: 5
      • Parking features: Detached Garage, Garage Door Opener
      • Garage spaces: 2
      • Carport spaces: 3
      • Covered spaces: 5
      Features
      • Patio & porch: Covered Porch, Deck, Patio
      • Exterior features: Balcony, Lawn Sprinklers
      • Has water view: Yes
      • Water view: Stream/River
      • On waterfront: Yes
      • Waterfront features: River Front
      Lot
      • Size: 1.1 Acres
      Details
      • Additional structures: Garage(s), Guest House, Woodshed, Workshop
      • Parcel number: 559324403004

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Stick Built
      Materials
      • Roof: Metal
      Condition
      • New construction: No
      • Year built: 2001

      Utilities & green energy

      • Sewer: Engineered Septic
      • Water: Public
      • Utilities for property: Electricity Connected, Internet

      Community & HOA

      Community
      • Subdivision: Coolwater
      HOA
      • Has HOA: No
      Location
      • Region: Bayfield

      Financial & listing details

      • Price per square foot: $308/sqft
      • Tax assessed value: $619,130
      • Annual tax amount: $2,514
      • Date on market: 5/8/2026
      • Electric utility on property: Yes

        Estimated market value

        $941,900

        $895,000 - $989,000

        $3,462/mo

        Price history

        DateEventPrice
        8/5/2026Contingent$995,000$308/sqft
        Source: CREN #834481 Report a problem
        6/13/2026Price change$995,000-16.7%$308/sqft
        Source: CREN #834481 Report a problem
        5/8/2026Listed for sale$1,195,000$370/sqft
        Source: CREN #834481 Report a problem
        10/13/2025Listing removed$1,195,000$370/sqft
        Source: CREN #825526 Report a problem
        6/17/2025Listed for sale$1,195,000$370/sqft
        Source: CREN #825526 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,309 +10.3%$38,700 +23.6%
        2024$1,186 -7.7%$31,310 -3.6%
        2023$1,286 -4%$32,480 +13.8%
        2022$1,339 $28,530 -2.8%
        2021-- $29,350 +20%
        2020$1,428 +10.4%$24,450
        2019$1,293 $24,450 +5.3%
        2018$1,293 $23,220
        2017$1,293 -0.4%$23,220 -11.3%
        2016$1,298 +10.8%$26,180
        2015$1,171 $26,180 +0.8%
        2014-- $25,970
        2013-- $25,970 -4.9%
        2012-- $27,320
        2011-- $27,320 -0.1%
        2010-- $27,360
        2009-- $27,360 +3.2%
        2008-- $26,500
        2007-- $26,500 +33.9%
        2005-- $19,790
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 81122

        Getting around

        0 / 100
        Car-Dependent
        1 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        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.

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