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Sold non member
  • $1,229,000

    4979 County Road 502, Bayfield, CO 81122

    3beds
    4,126sqft
    Stick Built
    Built in 1915
    39.8 Acres Lot
    $1,274,900 Zestimate®
    $298/sqft
    $3,136 Estimated rent

    Home value

    $1,274,900

    $1.13M - $1.43M

    $3,136/mo

    Zestimate® history
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    What's special

    Gas fireplaceHorse barnModern amenitiesExpansive viewsTack roomFarmhouse style sinkPrivate balcony
    This is Colorado living at its finest. A luxury home, barn and other horse setup, private pond, and more sit on nearly 40 acres in Wallace Gulch. As you enter the home, you'll notice the southwestern influences perfectly matched with modern amenities. The dining room draws your eye as you enter as natural light streams in the large windows which also offer expansive views. French doors give access to the back patio and spacious yard. A couple steps down, the living room features a stunning gas fireplace with rock surround that warms the space complete with wood floors, a bay window, and plenty of room for all. Through another, smaller dining nook also warmed by a wood stove, the kitchen is a chef's dream. Alder wood cabinets blend exquisitely with the tile floors and accent the black granite countertops. A large butcher block island is ideal for the extra counter space and bar seating. Stainless steel appliances, farmhouse style sink, ample cabinets, and wet bar area make this area a wonderful gathering space. Double doors lead to a quaint patio area for outdoor dining while a sliding barn door leads to a pantry doubling as a laundry room for extra storage. A bedroom, office/craft room, and 1.25 baths are conveniently located on the main floor. Upstairs, the primary suite boasts three closets; a large bathroom with skylights, dual vanity, soaking tub, and shower; gas stove; floor to ceiling bay window; and a private balcony featuring amazing views. Additionally upstairs there is another large bedroom, a great bunk room that has a sizable bonus room attached extending the living space further. Outside, the horse barn has 3 large stalls - currently set up for two, a tack room, and an attached corral. The property is fenced and cross fenced providing an ideal grazing room. The southwest corner of the property adjoins nearly 1700 acres of BLM land ready for you to explore. The home is only 10 minutes away from Bayfield, conveniences are not hard to come by. Vallecito Reservoir is a mere 25 minutes to the north and Durango is 35 minutes for added shopping, restaurants, and more. Don't miss out on this Colorado horse property with unique touches and great views. The septic tank was replaced in February 2025.

    Zillow last checked:

    Listing updated:

    Listed by:

    Max Hutcheson 970-769-7392,

    The Wells Group of Durango, LLC

    Bought with:

    Durango NON MEMBER

    NON-MEMBER/FSBO Durango

    Source: CREN,MLS#: 821351MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 2
    • 1/2 bathrooms: 1
    Dining room
    • Features: Breakfast Nook, Eat-in Kitchen, Kitchen Island, Kitchen Bar, Separate Dining
    Appliances
    • Included: Range Top, Refrigerator, Dishwasher, Washer, Dryer, Microwave
    Features
    • Flooring: Carpet-Partial, Hardwood, Tile
    • Has fireplace: Yes
    • Fireplace features: Living Room, Den/Family Room, Other
    Interior area
    • Total structure area: 4,126
    • Total interior livable area: 4,126 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Detached Garage
    • Garage spaces: 3
    • Carport spaces: 1
    • Covered spaces: 4
    Features
    • Levels: Two
    • Stories: 2
    • Has view: Yes
    • View description: Mountain(s), Valley
    • Has water view: Yes
    • Water view: Lake/Pond/Reservoir,Stream/River
    • Waterfront features: Creek, Pond
    Lot
    • Size: 39.8 Acres
    • Features: Borders Public Land
    Details
    • Additional structures: Barn(s), Garage(s)
    • Parcel number: 567529400197
    • Zoning description: Residential Single Family
    • Horses can be raised: Yes
    • Horse amenities: Corral(s)

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Stick Built
    Condition
    • New construction: No
    • Year built: 1915

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Well
    • Utilities for property: Electricity Connected, Internet, Propane-Tank Leased

    Community & HOA

    Community
    • Subdivision: Wallace Gulch
    HOA
    • Has HOA: No
    Location
    • Region: Bayfield

    Financial & listing details

    • Price per square foot: $298/sqft
    • Tax assessed value: $1,583,530
    • Annual tax amount: $5,156
    • Date on market: 2/20/2025
    • Has irrigation water rights: Yes
    • Electric utility on property: Yes

    Price history

    DateEventPrice
    6/5/2025Sold$1,229,000-8.9%$298/sqft
    Source: CREN #821351 Report a problem
    5/7/2025Contingent$1,349,000$327/sqft
    Source: CREN #821351 Report a problem
    2/20/2025Listed for sale$1,349,000$327/sqft
    Source: CREN #821351 Report a problem
    10/29/2024Listing removed$1,349,000$327/sqft
    Source: CREN #815020 Report a problem
    10/2/2024Price change$1,349,000-3.6%$327/sqft
    Source: CREN #815020 Report a problem
    6/20/2024Listed for sale$1,399,000+47.3%$339/sqft
    Source: CREN #815020 Report a problem
    9/19/2017Sold$950,000-4.7%$230/sqft
    Source: Public Record Report a problem
    7/30/2017Pending sale$997,000$242/sqft
    Source: Legacy Properties West Sotheby's International Realty #733075 Report a problem
    5/31/2017Listed for sale$997,000+53.6%$242/sqft
    Source: Legacy Properties West Sotheby's Int. Realty #733075 Report a problem
    5/12/2011Listing removed$649,000$157/sqft
    Source: Visual Tour #642942 Report a problem
    2/24/2011Listed for sale$649,000+7.6%$157/sqft
    Source: Visual Tour #642942 Report a problem
    10/7/2010Sold$603,000+0.7%$146/sqft
    Source: Public Record Report a problem
    7/17/2010Price change$599,000-7.7%$145/sqft
    Source: Prudential Real Estate #643562 Report a problem
    5/12/2010Listed for sale$649,000$157/sqft
    Source: Visual Tour #642942 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,646 +9.5%$98,980 +13.5%
    2024$5,156 +15.7%$87,230 -3.6%
    2023$4,458 -51.9%$90,490 +31.1%
    2022$9,277 $69,020 -2.8%
    2021-- $71,010 +4.5%
    2020$4,310 +5.2%$67,960
    2019$4,098 $67,960 +0.7%
    2018$4,098 $67,520 +32.5%
    2017$4,098 +32%$50,970 -2.6%
    2016$3,104 +29.1%$52,330
    2015$2,405 $52,330 +9.2%
    2014-- $47,920
    Find assessor info on the county website

    Neighborhood: 81122

    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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