GREAT INVESTMENT OPPORTUNITY with income already in place! SELLER MOTIVATED. This quintessential Vallecito Lake property has many years of great vacation rental history. It is currently managed as a short term vacation rental and already has renters lined up for the 2025 summer season! Current owners only rent it three months out of the year, however, it is suitable for year round living. If you are looking for a home with space but still feels cozy, then this property is for you! Full of opportunity and versatility. Two spacious living rooms are separated by a roomy kitchen and dining area allowing easy movement and an open great room feel. Both living areas have a fireplace and lovely mountain views. Off the kitchen is a huge game room with a dry bar and another fireplace! The master bedroom and second bedroom along with 3 bathrooms are located on the ground floor. Upstairs has four more large bedrooms and the fourth bathroom. These bedrooms are warmed with their own baseboard heater and thermostat. Tall pine trees dot the large front yard. There is a two car carport and wood shed on the south side of the house. The game room exits behind the home offering quick access to the grill in your backyard! There is a lot of potential as a primary residence, investment property or VRBO. The home can be sold fully furnished. This property is part of the beautiful Vallecito Lake community. The reservoir is over 3.5 miles long and offers great opportunities for fishing, boating, paddle boarding and a host of other water activities. Bordering the Weminuche area of the San Juan National Forest, any outdoor enthusiast will find something to love. It is a short walk to the 19.5 mile Vallecito Trail, taking you directly into the 499,771 acre Weminuche Wilderness.
Sold cren member
$480,000
2422 County Road 500, Bayfield, CO 81122
5beds
3,808sqft
Stick Built
Built in 1972
0.29 Acres Lot
$475,000 Zestimate®
$126/sqft
$3,229 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: July 01, 2025 at 02:42pm
Listed by:
Andrea Basye 970-708-9036,
Bayfield Realty
Bought with:
Christina Rinderle
Durango Land and Homes
Source: CREN,MLS#: 823017

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
Interior area
- Total structure area: 3,808
- Total interior livable area: 3,808 sqft
Property
Parking
- Total spaces: 2
- Parking features: Carport
- Carport spaces: 2
Lot
- Size: 0.29 Acres
Details
- Parcel number: 537716302015
- Zoning description: Residential Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Stick Built
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1972
Community & neighborhood
Location
- Region: Bayfield
- Subdivision: Happy Scenes