516 & 512 County Road 505, Bayfield, CO 81122

Gorgeous 79+ acre property with excellent irrigation in the Pine River Valley, just 5 minutes north of Bayfield. The property has many possible uses and income streams. There are 3 homes, equestrian barn, workshop, loafing shed and large spring fed pond stocked with Trout. Mineral rights are included and generate very nice monthly royalty payment. Produces 5,000 65# bales of hay. Bordered on 3 sides by a large ranch with conservation easements.LandThere are 2 parcels that total approximately 79.36 acres. The owner has spent considerable time and money to improve the soils and hay quality since they purchased it in 2018. The Brome & Timothy grass hay has been tested and scores an excellent rating. The property has an exceptional amount of irrigation and a side-roll sprinkler system supplied by a 3-phase electric pump. There is approximately 29 acres irrigated with the side-roll and 17 acres irrigated with gated pipe flood irrigation. The property produces approximately (5,000) 65# bales per year with 2 cuttings. The Seller has made a commitment with their contractor for the hay production in 2023. The large pond is spring fed and stays full year around. It is stocked with Trout and has aerators to allow for good fish habitat year around. The property is fenced and cross fenced for grazing pastures and hay production. The owners planted a new orchard with a variety of fruit trees and a high fence to protect the fruit trees from the big game animals. ImprovementsParcel 1 is 77.35 acres and has the beautiful southwest style Main Home that is 3,665+- sq ft and has 3 bedrooms, 2-1/2 bathrooms, a large family room/game room, breakfast nook and 2 fireplaces. The home is heated with a propane fired boiler with infloor hot water heat throughout. The Main Home has free propane that is part of the mineral royalty agreement. There is a nice patio with stunning views overlooking the large pond and the beautiful Pine River Valley. Can you close your eyes and envision yourself having your morning coffee on the patio, enjoying the beauty and serenity, while birds sing, squirrels scamper about and deer or elk feed in the meadows below? There is also a very nice Guest Home on Parcel 1. The Guest Home is 1,292+- sq ft and has (2) bedrooms, 1-1/2 bathrooms and 2 covered patios. Parcel 1 also has a nearly new 2,000 sq ft equestrian barn, a 422 sq ft loafing shed and a 2,250 sq work shop with covered storage on 2 sides plus 1,120 sq ft of covered equipment parking. The 2 homes and horse barn on Parcel 1 share a good producing water well and a septic system. Parcel 2 is 2.01 acres and has it own water well, septic system and electric meter. The property has what they call the Gate House on it.The home has had extensive remodeling completed from 2019 to the present. The home is 1,725 sq ft and has 4 bedrooms, 3 bathrooms, fireplace, wet bar and a 2-car garage. It has a large private back deck overlooking the beautiful river bottom and a fenced back yard. RecreationThere is a wide variety of wildlife for your viewing pleasure. You will see deer, elk, turkeys, rabbits, squirrels, many species of birds, coyotes, an occasional bear and maybe even a bobcat. The owners have harvested elk and deer from the property in the fall during their 4+ years of ownership. Deer and elk are abundant and are seen on or near the property almost daily. The spring fed pond is stocked with Trout and is a wonderful place to wet a line and ruminate on things that you have to be grateful for. Owning and spending time on a beautiful property like this with family and friends would certainly be on that list, AgricultureThe property has an exceptional amount of irrigation and a side-roll sprinkler system supplied by a 3-phase electric pump. There is approximately 29 acres irrigated with the side-roll and 17 acres irrigated with gated pipe flood irrigation. The property produces approximately (5,000) 65# bales per year with 2 cuttings. The Seller has made a commitment with their contractor for the hay production in 2023. The large pond is spring fed and stays full year around. It is stocked with Trout and has aerators to allow for good fish habitat year around. The property is fenced and cross fenced for rotating grazing pastures and hay production. The hay production is currently contracted out to a very competent contractor that could continue with new ownership if desired. The owners planted a new orchard with a variety of fruit trees and a high fence to protect them from the big game animals. Water/Mineral Rights & Natural ResourcesThe property has mineral rights that generate a nice mineral royalty payment each month and the agreement also provides that the gas producer pays for all of the propane used for the Main Home. The property has an abundance of water rights that consist of 77.35 acre feet of allocated Project Water(Stored Water) from Pine River Irrigation District, and adjudicated water from the Thompson-Epperson Ditch and the Sullivan Ditch. General OperationsThere are several income streams that the property currently has or has potential to create. 1. Hay production of 5,000 bales, $60,000-$70,000 yr. The Seller has made a commitment with their contractor for the hay production in 2023. 2. Mineral royalty payment, $12,000-$20,000 yr. and free propane to Main Home. 3. Rental opportunities for Gate House if not used by the owners, long term rental $24,000-$30,000, short term VRBO $72,000+- yr . 4. The Guest Home could create rental income s well. LocationConveniently located about 5 minutes north of Bayfield, which is a smaller farming community that has most of your necessities with numerous restaurants, hardware store, several gas stations, 2 banks and other miscellaneous businesses. Durango lies 18 miles to the east and the La Plata County regional airport is about 25 minutes away. Durango is well know for its many fantastic dining choices, historic downtown and almost unending recreational opportunities. The area has multiple options for skiing within an easy drive, including Purgatory Ski Resort and Wolf Creek Ski Area that boasts some of the best snow conditions in the US. There is an abundance of recreational activities nearby including hunting, fishing, boating, kayaking, mountain biking, jeeping, ATV trails, golfing and the list goes on.