7100 Unit Parcel 1 Bayfield, CO 81122
This exceptional 2.25-acre property in Bayfield, CO, presents a unique investment opportunity. The land boasts stunning views overlooking the Pine River Valley and offers convenient access from County Road 501. Four newly finished 800 sq ft cabins, each featuring a full bathroom, bedroom, and loft space, are ready for immediate short-term or long-term rental income (potential $1200+/month long-term, $200+/night short-term). These cabins, completed in 2021, share a new septic system and central water supply, and include new kitchens, bathrooms, appliances, flooring, fixtures, heating, and paint. An unfinished 3285 sq ft log home, also built in 2002 with hand-peeled logs, is ready for completion. Plans include 3 bedrooms, 3 bathrooms, granite/quartz countertops, hickory cabinets, radiant floor heat, and a fireplace or woodstove. The master suite features a double-headed walk-in shower, double vanity, and large walk-in closet. The property also includes a large loafing shed with a small corral. All improvements are permitted through La Plata County. There is no HOA or covenants. Natural gas is available, and the property currently utilizes propane. The proximity to Vallecito Reservoir, Weminuche Wilderness, Bayfield, and Durango (30 minutes) provides easy access to recreation and amenities. The property's versatility allows for various uses, including a private residence, wedding venue, or resort. The price is negotiable if the buyer wishes to purchase the log home in its current unfinished state. The total square footage of all buildings is 6,485 sq ft.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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