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  • Price cut: $110K (7/11)
    $989,000

    493 Mushroom Drive, Bayfield, CO 81122

    4beds
    1,771sqft
    : 
    $5,842/mo
    Get pre-qualified
    Stick Built
    Built in 1982
    1.23 Acres Lot
    $946,400 Zestimate®
    $558/sqft
    $-- HOA

    What's special

    Located in the prestigious Vallecito Lake area, this custom-built 1,864-square-foot mountain home offers the perfect blend of comfort, recreation, and breathtaking scenery. Situated on TWO lots totaling 1.23 acres, this four-bedroom, two-bath home is designed for both relaxing getaways and year-round living. Extra lot is cleared and landscaped beautifully, and offers the option of an additional home or structure to be built on the property, with space to spare. The spacious, beautiful kitchen opens seamlessly to the living area, featuring a cozy wood-burning stove, plenty of living space and a welcoming dining space all ideal for gathering with family and friends. Two bedrooms are conveniently located on the main level, while two additional large bedrooms occupy the upper floor, all with stunning views of the property. Step outside to enjoy composite decking that surrounds the home, providing magnificent, unobstructed views of the surrounding mountains, pond, towering trees and creek. A custom pond, fed year-round by Grimes Creek, enhances the property’s peaceful mountain setting. Additional features include: -Large two-car garage/workshop -Separate storage shed with pull-through access -Recreational vehicle included with the property -archery area to practice hunting skills, and provide additional fun on the property -Brand new, energy efficient windows -Exterior has been freshly restained -Access to two homeowners’ parks located across the street (no building can occur in future-leaving the stunning mountain views) and to the south, offering convenient access to the north end of the lake. This exceptional property is surrounded by some of Colorado’s finest hunting, fishing, hiking, and outdoor recreation opportunities — all just minutes from the home. This unique property is unlike any other! If you are seeking a thoughtful, intentionally made custom home-look no further. This home did NOT flood with the recent event in Vallecito. The Grimes Creek was flowing across the property, but no water came beyond the pond/hill.
    88 days
    |
    503
    |
    30
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Cheramy Mayfield tkaraffa@homesmart.com,

    HomeSmart

    Source: CREN,MLS#: 834757MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 2
      • Full bathrooms: 2
      Dining room
      • Features: Kitchen Bar, Separate Dining
      Heating
      • Electric Baseboard, Wood Stove
      Cooling
      • Ceiling Fan(s)
      Appliances
      • Included: Dishwasher, Disposal, Dryer, Exhaust Fan, Freezer, Microwave, Range Top, Range, Refrigerator, Washer
      • Laundry: W/D Hookup
      Features
      • Ceiling Fan(s), Granite Counters, Pantry, Walk-In Closet(s)
      • Flooring: Carpet-Partial, Hardwood, Vinyl
      • Windows: Window Coverings, Double Pane Windows, Storm Window(s)
      • Basement: Crawl Space
      • Has fireplace: Yes
      • Fireplace features: Den/Family Room, Free Standing, Wood Stove
      Interior area
      • Total structure area: 1,771
      • Total interior livable area: 1,771 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 2
      • Parking features: Detached Garage, Garage Door Opener
      • Garage spaces: 2
      Features
      • Levels: One and One Half,Split-Level
      • Stories: 1
      • Patio & porch: Deck, Patio
      • Exterior features: Irrigation Pump, Irrigation Water, Landscaping, Lawn Sprinklers, Storm Windows/Doors
      • Has view: Yes
      • View description: Mountain(s)
      • Has water view: Yes
      • Water view: Lake/Pond/Reservoir,Stream/River
      • Waterfront features: Creek, Pond
      Lot
      • Size: 1.23 Acres
      • Features: Adj to Greenbelt, Adj to Open Space, Borders Public Land, Boundaries Surveyed, Foothills, Wooded
      Details
      • Additional structures: Garage(s), Shed(s), Workshop, Shed/Storage
      • Parcel number: 537733202004
      • Zoning description: Residential Single Family

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Bungalow,Cabin
      • Property subtype: Stick Built
      Materials
      • Wood, Wood Frame, Cedar, Wood Siding
      • Foundation: Stemwall
      • Roof: Metal
      Condition
      • New construction: No
      • Year built: 1982

      Utilities & green energy

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

      Community & HOA

      Community
      • Subdivision: Vallecito Val
      HOA
      • Has HOA: Yes
      • HOA name: Vallecito Valley #1
      Location
      • Region: Bayfield

      Financial & listing details

      • Price per square foot: $558/sqft
      • Tax assessed value: $496,480
      • Annual tax amount: $2,016
      • Date on market: 5/15/2026
      • Has irrigation water rights: Yes
      • Electric utility on property: Yes
      • Road surface type: Dirt, Gravel, Paved

        Estimated market value

        $946,400

        $899,000 - $994,000

        $2,480/mo

        Price history

        DateEventPrice
        7/11/2026Price change$989,000-10%$558/sqft
        Source: CREN #834757 Report a problem
        6/9/2026Price change$1,099,000-8.4%$621/sqft
        Source: CREN #834757 Report a problem
        5/15/2026Listed for sale$1,199,999+158.1%$678/sqft
        Source: CREN #834757 Report a problem
        5/21/2019Sold$465,000-5.3%$263/sqft
        Source: Public Record Report a problem
        3/26/2019Price change$491,000+1.2%$277/sqft
        Source: Highland Realty, LLC #755177 Report a problem
        3/12/2019Price change$484,9990%$274/sqft
        Source: Owner Report a problem
        12/18/2018Price change$485,000-1%$274/sqft
        Source: Owner Report a problem
        11/21/2018Price change$490,000-2%$277/sqft
        Source: Owner Report a problem
        10/21/2018Price change$500,000-4.8%$282/sqft
        Source: Owner Report a problem
        7/25/2018Listed for sale$525,000+38.2%$296/sqft
        Source: Owner Report a problem
        9/12/2016Sold$380,000-4.8%$215/sqft
        Source: Public Record Report a problem
        7/12/2016Pending sale$399,000$225/sqft
        Source: Bayfield Realty #714156 Report a problem
        6/8/2016Price change$399,000-11.3%$225/sqft
        Source: Bayfield Realty #714156 Report a problem
        1/16/2016Price change$450,000-13.9%$254/sqft
        Source: Bayfield Realty #714156 Report a problem
        6/26/2015Listed for sale$522,400$295/sqft
        Source: BAYFIELD REALTY #708189 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,695 +10.3%$31,040 +0.9%
        2024$1,536 -5.6%$30,770 -3.6%
        2023$1,626 -3.9%$31,920 +17%
        2022$1,693 $27,290 -2.8%
        2021-- $28,070 +11.4%
        2020$1,471 +8.1%$25,190
        2019$1,361 $25,190 +3.1%
        2018$1,361 $24,430 +8%
        2017$1,361 +7.6%$22,620 -9.5%
        2016$1,265 +13.1%$25,000
        2015$1,118 $25,000 +8.5%
        2014-- $23,040
        2013-- $23,040 -8.4%
        2012-- $25,160
        2011-- $25,160 -3.2%
        2010-- $25,980
        2009-- $25,980 +6.7%
        2008-- $24,350 -10.1%
        2007-- $27,090 +12.5%
        2005-- $24,080
        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

        1 / 100
        Car-Dependent
        28 / 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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