7100 Cr 501 Bayfield, CO 81122

This income-producing property offers opportunities for both short and long-term rentals. Situated on 4.5 acres overlooking the Pine River Valley, the property includes seven rentable buildings, comprising ten or more rental units. The county land use is classified as commercial, which eliminates the need for special permitting for short-term rentals. The property features two buildings known as "The Lodge," consisting of nine separate motel-style rooms renovated in 2020 with new insulation, windows, kitchens, baths, flooring, fixtures, and appliances. The lodge is divided into five separate units with multiple configurations, including kitchenettes, bathrooms, and queen beds. There are also four newly finished 800+ square foot cabins completed in 2021, each with a covered porch, a full bathroom downstairs, a half bath attached to the upstairs bedroom, and additional loft space. Each cabin has electric baseboard heaters and a pellet stove. Additionally, there is a 3,285 square foot log home with three en-suite bedrooms, a large living room with 30' vaulted ceilings, and radiant heat floors with a new Navien tankless boiler. The log home's interior is being finished with high-end cabinetry, fixtures, and appliances, with completion expected in June 2022. The property has direct access from CR 501 and sufficient separation between the buildings to allow for privacy. There is ample parking for multiple vehicles and trailers, as well as a large loafing shed with a small corral. Vallecito Reservoir and the Weminuche Wilderness area are just 10 minutes to the north, and Bayfield is only 10 minutes away. Durango amenities are 30 minutes away. The brand new log home could make a beautiful owners residence, executive rental, or a wedding venue.