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  • Price cut: $10K (7/30)
    $475,000

    7978 County Road 501, Bayfield, CO 81122

    2beds
    1,850sqft
    : 
    $2,805/mo
    Get pre-qualified
    Stick Built
    Built in 1916
    0.42 Acres Lot
    $473,900 Zestimate®
    $257/sqft
    $-- HOA

    What's special

    Mountain viewsBasketball courtMultiple outbuildingsLarge pavilionDog kennelPrivate hot tubFully fenced property
    Tucked away in the beautiful Pine River Valley just minutes from Vallecito Lake, this one-of-a-kind mountain retreat offers the perfect combination of privacy, character, and outdoor living. Originally built in 1916 as the teacherage for the historic Columbus School and thoughtfully expanded and renovated, the home now features approximately 1,850 square feet with 2 bedrooms, 2 bathrooms, a dedicated office, and a versatile hobby room. The fully fenced property is designed for enjoying Colorado's mountain lifestyle. Entertain family and friends under the large pavilion, relax in the private hot tub, gather around the firepit, shoot hoops on the basketball court, or simply enjoy the peaceful surroundings and mountain views. Mature landscaping includes lilacs, flowering plants, peach and apple trees, raspberry bushes, chokecherry plants, and 1 acre-foot of Pine River irrigation water rights. Additional features include a one-car garage, dog kennel, multiple outbuildings, and ample space for hobbies, gardening, pets, or outdoor recreation. Located in an area that allows short-term rentals, the property offers flexibility as a full-time residence, mountain getaway, or potential vacation rental opportunity. Buyers should verify all short-term rental requirements with the appropriate governing authorities. Just minutes from Vallecito Lake, you'll enjoy easy access to boating, fishing, paddleboarding, kayaking, hiking, camping, and mountain biking. Conveniently located between Durango and Bayfield, with access to Purgatory Resort, Wolf Creek Ski Area, and Mesa Verde National Park, this property is ideally positioned for year-round adventure. Whether you're seeking a peaceful mountain home, a weekend escape, or a property with income-producing potential, this distinctive retreat offers a lifestyle that's increasingly difficult to find in Southwest Colorado.
    107 days
    |
    1,472
    |
    55
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Cinnamon Kasnoff 970-749-0888,

    Berkshire Hathaway HomeServices Colorado Properties

    Source: CREN,MLS#: 833629MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 2
      • Full bathrooms: 2
      Office
      • Length: 1
      Appliances
      • Included: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
      Features
      • Flooring: Carpet-Partial, Hardwood
      • Basement: Crawl Space
      • Has fireplace: Yes
      • Fireplace features: Den/Family Room
      Interior area
      • Total structure area: 1,850
      • Total interior livable area: 1,850 sqft

      Property

      Parking
      • Total spaces: 1
      • Parking features: Detached Garage
      • Garage spaces: 1
      Features
      • Levels: Two
      • Stories: 2
      • Patio & porch: Deck
      • Has spa: Yes
      • Spa features: Hot Tub
      • Has view: Yes
      • View description: Mountain(s)
      Lot
      • Size: 0.42 Acres
      Details
      • Additional structures: Kennel/Dog Run, Garage(s), Shed(s), Woodshed, Shed/Storage
      • Parcel number: 567503300010
      • Zoning description: Residential Single Family

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Raised Ranch,Victorian
      • Property subtype: Stick Built
      Materials
      • Wood Frame, Cedar
      • Roof: Metal
      Condition
      • New construction: No
      • Year built: 1916

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Augmented Well, Spring
      • Utilities for property: Electricity Connected, Internet, Phone Connected, Propane-Tank Owned

      Community & HOA

      Community
      • Subdivision: None
      HOA
      • Has HOA: No
      Location
      • Region: Bayfield
      • Elevation: 7272

      Financial & listing details

      • Price per square foot: $257/sqft
      • Tax assessed value: $407,190
      • Annual tax amount: $1,653
      • Date on market: 4/15/2026
      • Has irrigation water rights: Yes
      • Electric utility on property: Yes

        Estimated market value

        $473,900

        $450,000 - $498,000

        $1,948/mo

        Price history

        DateEventPrice
        7/30/2026Price change$475,000-2.1%$257/sqft
        Source: CREN #833629 Report a problem
        7/22/2026Price change$485,000-0.8%$262/sqft
        Source: CREN #833629 Report a problem
        7/7/2026Price change$489,000-0.6%$264/sqft
        Source: CREN #833629 Report a problem
        6/17/2026Price change$492,000-1.4%$266/sqft
        Source: CREN #833629 Report a problem
        4/15/2026Listed for sale$499,000-2.3%$270/sqft
        Source: CREN #833629 Report a problem
        9/3/2025Listing removed$511,000$276/sqft
        Source: BHHS broker feed #824997 Report a problem
        7/13/2025Price change$511,000-1%$276/sqft
        Source: CREN #824997 Report a problem
        6/20/2025Price change$516,000-1%$279/sqft
        Source: CREN #824997 Report a problem
        6/4/2025Listed for sale$521,000+104.3%$282/sqft
        Source: CREN #824997 Report a problem
        9/18/2015Listing removed$255,000$138/sqft
        Source: SADLER & ASSOCIATES #703632 Report a problem
        8/5/2015Price change$255,000-1.5%$138/sqft
        Source: SADLER & ASSOCIATES #703632 Report a problem
        7/24/2015Listed for sale$259,000$140/sqft
        Source: SADLER & ASSOCIATES #703632 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,201 +10.3%$25,450 +11.2%
        2024$1,088 +0.3%$22,880 -3.6%
        2023$1,085 -4%$23,740 +30.4%
        2022$1,130 $18,210 -2.8%
        2021-- $18,740 +7.8%
        2020$1,015 +6.4%$17,380
        2019$954 $17,380 +1.5%
        2018$954 $17,130
        2017$954 -0.4%$17,130 +21.8%
        2016$958 +207.5%$14,060
        2015$311 $14,060 +2%
        2014-- $13,780
        2013-- $13,780 -3.6%
        2012-- $14,290
        2011-- $14,290 -15.9%
        2010-- $16,990
        2009-- $16,990 +21.2%
        2008-- $14,020
        2007-- $14,020 +19.9%
        2005-- $11,690
        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.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 81122

        Getting around

        0 / 100
        Car-Dependent
        3 / 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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