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  • $1,200,000

    787 Mushroom Lane, Bayfield, CO 81122

    3beds
    2,696sqft
    Stick Built
    Built in 2000
    0.48 Acres Lot
    $1,200,700 Zestimate®
    $445/sqft
    $2,879 Estimated rent

    Home value

    $1,200,700

    $1.14M - $1.26M

    $2,879/mo

    Zestimate® history
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    What's special

    Surrounded by towering pinesPrivate primary suite deckFormal dining roomSolid wood doorsGranite countersExpansive creek frontageDramatic mountain vistas
    Tucked into one of the most breathtaking settings near Vallecito Lake, 787 Mushroom Lane offers a rare opportunity to experience true Colorado mountain living along the banks of scenic Vallecito Creek. Owners enjoy private walking and fishing rights along the creek. Surrounded by towering pines, dramatic mountain vistas, and the soothing sounds of the water, this remarkable property captures the essence of serenity, privacy, and outdoor adventure in every direction. Abundant windows and natural light fill the main home, perfectly framing views of the water, towering trees, and surrounding mountains from nearly every room. Step onto the private primary suite deck and take in the rare sight of the river meeting the lake—a truly unforgettable backdrop. Cathedral ceilings with warm tongue-and-groove finishes and skylights create an inviting mountain ambiance throughout, while large windows in the great room bring the outdoors in. A cozy wood stove anchors the expansive living space, offering warmth and character for gathering year-round. Andersen windows throughout, solid wood doors and granite counters. Designed for both comfort and entertaining, the home features generous living areas including a formal dining room, thoughtfully designed spaces, and composite covered decks that extend the living experience outdoors in every season. Well-groomed landscaping complements the natural beauty of the setting, creating a property that feels both refined and deeply connected to nature. Adding even more versatility, the detached garage includes a thoughtfully designed one-bedroom apartment complete with a private bathroom—ideal for guests, extended family. With expansive creek frontage, stunning craftsmanship, and one of the most desirable neighborhoods in the Vallecito area, 787 Mushroom Lane is more than a home—it’s a spectacular mountain retreat immersed in the grandeur of Southwest Colorado.

    Zillow last checked:

    Listing updated:

    Listed by:

    Lindsay Lubrant 970-618-3418,

    Coldwell Banker Mountain Properties,

    Julie Coffelt 970-769-5373,

    Coldwell Banker Mountain Properties

    Bought with:

    Emily Grant

    RE/MAX Pinnacle

    Source: CREN,MLS#: 835056MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 4
    • Full bathrooms: 3
    • 1/2 bathrooms: 1
    Primary bedroom
    • Level: Upper
    Dining room
    • Features: Eat-in Kitchen, Kitchen Bar, Separate Dining
    Appliances
    • Included: Dishwasher, Dryer, Exhaust Fan, Microwave, Range, Refrigerator, Washer
    Features
    • Flooring: Carpet-Partial, Hardwood, Tile
    • Has fireplace: Yes
    • Fireplace features: Living Room
    Interior area
    • Total structure area: 2,696
    • Total interior livable area: 2,696 sqft

    Property

    Parking
    • Total spaces: 3
    • Parking features: Attached Garage
    • Attached garage spaces: 3
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Deck
    • Exterior features: Landscaping, Lawn Sprinklers
    • Has view: Yes
    • View description: Mountain(s), Valley
    • Has water view: Yes
    • Water view: Lake/Pond/Reservoir
    • Waterfront features: Creek
    Lot
    • Size: 0.48 Acres
    Details
    • Additional structures: Garage(s)
    • Parcel number: 537728309016
    • Zoning description: Residential Single Family

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Stick Built
    Condition
    • New construction: No
    • Year built: 2000

    Utilities & green energy

    • Utilities for property: Electricity Connected, Propane-Tank Leased

    Community & HOA

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

    Financial & listing details

    • Price per square foot: $445/sqft
    • Tax assessed value: $976,600
    • Annual tax amount: $3,965
    • Date on market: 5/22/2026
    • Electric utility on property: Yes

    Price history

    DateEventPrice
    7/15/2026Sold$1,200,000-4%$445/sqft
    Source: CREN #835056 Report a problem
    5/29/2026Contingent$1,250,000$464/sqft
    Source: CREN #835056 Report a problem
    5/22/2026Listed for sale$1,250,000+92.5%$464/sqft
    Source: CREN #835056 Report a problem
    7/25/2016Listing removed$649,500$241/sqft
    Source: Coldwell Banker Heritage House Realtors #718673 Report a problem
    5/13/2016Listed for sale$649,500-7.1%$241/sqft
    Source: Coldwell Banker Heritage House Realtors #718673 Report a problem
    7/10/2011Listing removed$699,000$259/sqft
    Source: COLDWELL BANKER HERITAGE HOUSE #645756 Report a problem
    8/26/2010Listed for sale$699,000$259/sqft
    Source: Visual Tour #645756 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$3,186 +10.3%$61,040 -0.4%
    2024$2,888 +23.5%$61,300 -3.6%
    2023$2,338 -4%$63,590 +37.7%
    2022$2,434 $46,180 -2.8%
    2021-- $47,510 +4%
    2020$2,250 +20.3%$45,670
    2019$1,871 $45,670 +12%
    2018$1,871 $40,790
    2017$1,871 -0.4%$40,790 -9.7%
    2016$1,878 +12.8%$45,170
    2015$1,665 $45,170 +7.6%
    2014-- $41,970
    2013-- $41,970 -6.5%
    2012-- $44,890
    2011-- $44,890 -2.5%
    2010-- $46,040
    2009-- $46,040 +6.1%
    2008-- $43,410
    2007-- $43,410 +17.7%
    2005-- $36,890
    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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