Teelawuket Ranch is a premier Colorado live water ranch located in the spectacular Upper Pine River Valley near Bayfield and Durango. Encompassing ±940 acres, the Ranch combines private trout fishing, productive wildlife habitat, equestrian facilities, and exceptional improvements within one of the most scenic landscapes in the Rocky Mountain West. Surrounded by the rugged San Juan Mountains, the property features irrigated meadows, timbered hillsides, aspen groves, and extensive riparian corridors that create both remarkable beauty and year-round recreational opportunity.
Water is the defining feature of Teelawuket Ranch. More than one mile of the Upper Pine River flows through the property, complemented by East Creek and a five-acre pond that provide diverse fishing opportunities for brown, rainbow, and brook trout. Direct adjacency to U.S. Forest Service lands and access to the renowned Weminuche Wilderness further enhance the Ranch’s sporting appeal.
Improvements include a 6,400-square-foot main residence, five guest cabins, a ranch manager’s home, historic gathering spaces, a four-stall barn, riding arena, corrals, and supporting ranch infrastructure. The Ranch is equally suited for family retreats, equestrian pursuits, entertaining guests, and multi-generational ownership. Abundant elk, mule deer, turkey, and black bear habitat, combined with proximity to Durango, Vallecito Reservoir, and several renowned trout rivers, make Teelawuket Ranch an exceptional legacy property offering privacy, recreation, and stewardship in one of Colorado’s most desirable mountain destinations.
For sale
$28,500,000
23490 County Road 501, Bayfield, CO 81122
7beds
6,400sqft
:
Get pre-qualified$172,431/mo
Single Family Residence
Built in 1890
940 Acres Lot
$-- Zestimate®
$4,453/sqft
$-- HOA
What's special
- 49 days |
- 1,874 |
- 123 |
Zillow last checked:
Listing updated:
Listed by:
Brian Hartley 307-690-3155 brian@livewaterproperties.com,
Live Water Properties
Source: REcolorado as distributed by MLS GRID,MLS#: 5992563
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 5
- Full bathrooms: 5
- Main level bathrooms: 3
- Main level bedrooms: 5
Bedroom
- Level: Main
Bedroom
- Level: Upper
Bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Main
Bedroom
- Level: Upper
Bedroom
- Level: Main
Bathroom
- Features: Primary Suite
- Level: Main
Bathroom
- Level: Main
Bathroom
- Level: Main
Bathroom
- Level: Upper
Bathroom
- Level: Upper
Laundry
- Level: Main
Heating
- Baseboard, Forced Air, Radiant Floor
Cooling
- None
Appliances
- Included: Cooktop, Dishwasher, Dryer, Freezer, Microwave, Oven, Range, Range Hood, Refrigerator, Washer
Features
- Kitchen Island, Vaulted Ceiling(s), Walk-In Closet(s)
- Flooring: Wood
- Has basement: No
Interior area
- Total structure area: 6,400
- Total interior livable area: 6,400 sqft
- Finished area above ground: 6,400
Property
Parking
- Total spaces: 4
- Details: Off Street Spaces: 4
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered, Deck, Front Porch, Patio
- Exterior features: Balcony, Fire Pit, Garden, Private Yard
- On waterfront: Yes
- Waterfront features: Pond, River Front, Stream, Waterfront
Lot
- Size: 940 Acres
- Features: Borders National Forest, Borders Public Land, Irrigated, Many Trees, Meadow, Mountainous, Near Ski Area, Secluded, Suitable For Grazing, Wetlands
- Residential vegetation: Aspen, Grass Hay, Grassed, Heavily Wooded, Partially Wooded, Wooded
Details
- Parcel number: R006110
- Special conditions: Standard
- Horses can be raised: Yes
- Horse amenities: Arena, Corral(s), Pasture, Tack Room
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Roof: Metal
Condition
- Updated/Remodeled
- Year built: 1890
Utilities & green energy
- Water: Well
- Utilities for property: Electricity Connected, Natural Gas Connected, Phone Available
Community & HOA
Community
- Subdivision: Na
HOA
- Has HOA: No
Location
- Region: Bayfield
Financial & listing details
- Price per square foot: $4,453/sqft
- Tax assessed value: $2,059,100
- Annual tax amount: $9,583
- Date on market: 6/15/2026
- Listing terms: 1031 Exchange,Cash
- Exclusions: To Be Negotiated Between Buyer And Seller.
- Ownership: Individual
- Has irrigation water rights: Yes
- Electric utility on property: Yes
- Road surface type: Dirt
Estimated market value
Not available
Estimated sales range
Not available
$4,666/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/15/2026 | Listed for sale | $28,500,000$4,453/sqft |
Source:  REcolorado as distributed by MLS GRID #5992563 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,921 +10.3% | $149,230 -8% |
| 2024 | $8,992 +21.4% | $162,230 -3.1% |
| 2023 | $7,408 -5.2% | $167,370 +34.6% |
| 2022 | $7,817 | $124,320 -4.1% |
| 2021 | -- | $129,620 +13.4% |
| 2020 | $6,677 +11.4% | $114,300 |
| 2019 | $5,996 | $114,300 +5.8% |
| 2018 | $5,996 | $108,020 |
| 2017 | $5,996 -0.7% | $108,020 -4.4% |
| 2016 | $6,039 +39.4% | $113,050 |
| 2015 | $4,333 | $113,050 +17.9% |
| 2014 | -- | $95,870 |
| 2013 | -- | $95,870 +1.9% |
| 2012 | -- | $94,070 |
| 2011 | -- | $94,070 -7% |
| 2010 | -- | $101,170 |
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
GreatSchools rating
- 7/10Bayfield Elementary SchoolGrades: 3-5Distance: 13.3 mi
- 5/10Bayfield Middle SchoolGrades: 6-8Distance: 13.2 mi
- 5/10Bayfield High SchoolGrades: 9-12Distance: 13.4 mi
Schools provided by the listing agent
- Elementary: Bayfield
- Middle: Bayfield
- High: Bayfield
- District: Bayfield 10 JT-R
Source: REcolorado as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
