**For Sale by Owner: Unique Property with Multiple Units**
This rare and highly versatile property presents an exceptional investment opportunity or a prime option for those seeking a home with a steady, established income stream. Located just five minutes East of Bayfield, the property includes two charming cottages with scenic pond views, RV sites, a small studio outbuilding, and a large barn. The location provides easy year-round access, with plenty of space and potential to expand by adding additional RV sites.
The property was previously utilized for vacation rentals, but the owner has since transitioned to long-term tenants. The partially renovated barn is in need of some TLC and the studio outbuilding was previously used as an office and art space.
In addition to the cottages, the property features partial fencing, a year-round pond, and a seasonal creek, creating a peaceful and natural environment for both residents and wildlife.
For sale by owner
$650,000
48246 E Us Highway 160, Bayfield, CO 81122
2beds
970sqft
Est.:
SingleFamily
Built in 1984
7.11 Acres Lot
$537,600 Zestimate®
$670/sqft
$-- HOA
What's special
Large barnSeasonal creekPartial fencingRv sitesYear-round pondScenic pond views
What the owner loves about this home
**Bonus Opportunity: Neighboring Lodge for Sale**
Adjacent to this property is a 3,502 sqft lodge situated on 3.4 acres, which includes four rental units and an additional RV site. The lodge is fully occupied with long-term tenants, offering a steady income stream. The two properties can be purchased together at a discounted price, providing even greater investment potential.
Address: 48246 US Hwy 160: $950,000
The motivated seller is offering owner financing options for either property or both combined. Proof of funds is required prior to scheduling a viewing. This is an exceptional opportunity to acquire a property with stable income, expansion potential, and a prime location.
Direct contact with owner: (970) 880-2297. Both texts and calls are welcome.
- 17 days
- on Zillow |
- 793 |
- 54 |
Listed by:
(970) 880-2297
Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Other
Interior area
- Total interior livable area: 970 sqft
Property
Features
- Has view: Yes
- View description: Water, Mountain
- Has water view: Yes
- Water view: Water
Lot
- Size: 7.11 Acres
Details
- Parcel number: 567922301009
Construction
Type & style
- Home type: SingleFamily
Materials
- Roof: Metal
Condition
- New construction: No
- Year built: 1984
Community & HOA
Location
- Region: Bayfield
Financial & listing details
- Price per square foot: $670/sqft
- Tax assessed value: $401,390
- Annual tax amount: $6,395
- Date on market: 4/9/2025
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