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Off market
  • Price Unknown

    48074 & 48246 E Highway 160, Bayfield, CO 81122

    7beds
    4,470sqft
    Single Family Residence
    Built in 1972
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $3,829 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $3,829/mo

    Zestimate® history
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    What's special

    **Seller financing available to qualified buyers with 50% down**. This unique passive-income property is just five minutes East of Bayfield off Highway 160. The Buyer immediately acquires rental leases totaling $117,900 (annual passive income). Included: lodge with primary residence and three additional apartments (3502sqft total), a cottage (688sq), tiny house (280sq), office/studio outbuilding (280sq), and barn (1,700sq)"half of which was converted into a business front years ago but needs TLC. The property is zoned commercial for both residential and commercial-use with one of its wells being commercial. Additionally, there are RV sites available with room to grow on the 10.53 acres. The property has a large pond (up to 10ft deep) with Beaver Creek seasonally flowing through, two fenced pastures, and the barn contains three stalls and a chicken coop. Presently, the property is fully rented with long-term tenants but can be switched over to vacation rentals (which it was in years past) to potentially double the income. The primary residence is approx. 2,000sqft with two full baths and two bedrooms, with a third that could be easily converted upstairs. It features a stunning 20ft tall fireplace, waterfront views, and a groovy spiral staircase that takes you to a cozy library or office space. No sound travels between the primary residence and apartments, making it effectively feel like a separate home with complete privacy due to its own entrance and backyard. The property boasts reliable high speed internet (a rare find outside of town limits) and has no HOA or covenants. The property consists of three lots being sold together. One of which is a small corner piece near Deer Valley community's entrance. It holds potential for a water resupply station using the lodge's commercial well, which is a need for the community and other locals whose wells dry during summer months. Whether you want a nice home to live in with low-hassle passive-income, a year-round vacation rental business, or something more creative due to the property's flexibility"this rare gem is ready to be polished by new hands with the current owner willing to pass on everything they learned thus far to help you make the most out of this incredible opportunity.

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Zillow last checked:

    Source: BHHS broker feed,MLS#: 809455

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 7
    • Full bathrooms: 7
    Heating
    • Forced Air
    Interior area
    • Total structure area: 4,470
    • Total interior livable area: 4,470 sqft

    Property

    Features
    • On waterfront: Yes
    • Waterfront features: Waterfront
    • Frontage type: Waterfront

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Condition
    • Year built: 1972

    Community & HOA

    Location
    • Region: Bayfield

    Financial & listing details

    • Date on market: 11/22/2023
    • Lease term: Contact For Details

    Price history

    DateEventPrice
    12/2/2023Listing removed$1,399,000$313/sqft
    Source: BHHS broker feed #809455 Report a problem
    11/22/2023Listed for sale$1,399,000$313/sqft
    Source: BHHS broker feed #809455 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 81122

    Nearby schools

    GreatSchools rating