$1,875,000
$325K PRICE DROP

550 County Road 502 Bayfield, CO 81122

Estimated payment $10,530/month

Total Views 7,479
4 Beds
4 Baths
4,755 Sq Ft
$394 Price per Sq Ft

Highlights

  • River Front
  • Deck
  • Wooded Lot
  • Lake View
  • Wood Burning Stove
  • Cathedral Ceiling

About This Home

Enjoy the best of riverfront living with this exceptional property on the banks of the Pine River. Most of the main living areas overlook the water, creating a serene and scenic atmosphere throughout the home. The spacious country kitchen, featuring a commercial-grade range, is perfect for the home chef and ideal for entertaining. Adjacent to the kitchen, the bright and airy dining room easily accommodates large gatherings with family and friends. With two separate living areas, the home offers flexibility for relaxation, entertainment, or multi-generational living. A recent addition includes a stunning new main level primary bedroom and en-suite bathroom, offering direct access to outdoor living spaces and picturesque river views. The private bath includes dual sinks, a shower, a separate soaking tub, and a large closet. Upstairs, another ensuite offers a private sanctuary with panoramic views of the river and pastoral valley. This generously sized bedroom is enhanced by a loft area, vaulted ceilings, and a bath offering a dual vanity, clawfoot bathtub, separate shower, and oversized closet. Additional guest rooms provide cozy accommodations for family or visitors. Built in 1998 with energy-efficient straw bale construction, the home offers superior insulation. Outside, the unique property includes a large garden shed (400+ sq ft) and a metal barn/shop (800+ sq ft), perfect for hobbies or storage. Stairs lead down to a riverside deck—ideal for quiet moments or outdoor entertaining. With irrigation rights, the landscaping stays lush year-round, and three distinct patios provide outdoor living spaces to enjoy nearly every season. Across the river, two expansive ranches offer unspoiled views and a natural wildlife corridor. Tucked along the scenic Los Pinos River and just two miles from downtown Bayfield, this exceptional property offers the perfect blend of privacy, natural beauty, and everyday convenience. Enjoy easy access to local amenities—including grocery stores, restaurants, and hardware shops—while feeling worlds away in your private riverside retreat.

Listing Agent

John Wells

The Wells Group of Durango, LLC Listed on: 05/06/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,773

Year Built

  • Built in 1998 | Remodeled in 2022

Lot Details

  • 5.12 Acre Lot
  • River Front
  • Landscaped
  • Irrigation
  • Wooded Lot
  • Property is zoned Agriculture, Live/Work

Parking

  • 1 Car Detached Garage

Property Views

  • Lake
  • Creek or Stream
  • Valley

Home Design

  • Farmhouse Style Home
  • Straw Bale Home
  • Concrete Foundation
  • Slab Foundation
  • Metal Roof
  • Stick Built Home
  • Stucco

Interior Spaces

  • 4,755 Sq Ft Home
  • 2-Story Property
  • Partially Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Stove
  • Formal Dining Room

Kitchen

  • Double Oven
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Patio
  • Separate Outdoor Workshop
  • Shed

Schools

  • Bayfield K-5 Elementary School
  • Bayfield 6-8 Middle School
  • Bayfield 9-12 High School

Farming

  • 1 Irrigated Acre

Utilities

  • Boiler Heating System
  • Heating System Powered By Leased Propane
  • Heating System Uses Propane
  • Irrigation Water Rights
  • Well
  • Propane Water Heater
  • Septic Tank
  • Septic System
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 567702300039

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,773

Year Built

Built in 1998 | Remodeled in 2022

Lot Details

0

Listing Details

  • Appliance Inclusions: Range/Oven, Refrigerator, Dishwasher, Washer, Dryer, Disposal, Double Oven
  • Estimated Irrigation Acres: 1
  • Estimated Total Acres: 5.12
  • Class: RESIDENTIAL
  • Em Deposit: 25000
  • Em Holder: Colorado Title
  • Exterior Inclusions: Shed/Storage, Landscaping, Irrigation Water, Patio, Deck
  • Interior Inclusions: Cathedral Ceiling, Ceiling Fan(s), W/D Hookup, Vaulted Ceiling, Walk In Closet
  • Legal Lot Block: A PARCEL OF LAND LYING IN THE SW1/4SW1/4 OF SECTION 2, TOWNSHIP 34 NORTH, RANGE 7 WEST, N.M.P.M., COUNTY OF LA PLATA, STATE OF COLORADO, Call listing agent for complete legal
  • Lot Size Acreage: 5-9.99
  • Parcel Id Number: 567702300039
  • Price Per Sq Ft: 394.32
  • Property Description: Wooded Lot
  • Real Estate Included: Yes
  • Realist Id: 5677-023-00-039
  • Residence Stories: Two Story
  • Residence Style: Farm House
  • Sale/Rent: For Sale
  • Siding: Stucco
  • Street Descriptionaccess: County, Private, Gravel
  • Tax Account Id: R009771
  • Waterfront Type: River
  • Zoning: Agriculture, Residential Single Family, Live/Work
  • Type: Stick Built
  • Internet Provider: AlignTec
  • Internet Service: Yes
  • Total Taxes Dollar: 3772.72
  • Year Built: 1998
  • Year Renovated: 2022
  • Foreign Owned Y N: No
  • Prop Description Remarks: Enjoy the best of riverfront living with this exceptional property on the banks of the Pine River. Most of the main living areas overlook the water, creating a serene and scenic atmosphere throughout the home. The spacious country kitchen, featuring a commercial-grade range, is perfect for the home chef and ideal for entertaining. Adjacent to the kitchen, the bright and airy dining room easily accommodates large gatherings with family and friends. With two separate living areas, the home offers flexibility for relaxation, entertainment, or multi-generational living. A recent addition includes a stunning new main level primary bedroom and en-suite bathroom, offering direct access to outdoor living spaces and picturesque river views. The private bath includes dual sinks, a shower, a separate soaking tub, and a large closet. Upstairs, another ensuite offers a private sanctuary with panoramic views of the river and pastoral valley. This generously sized bedroom is enhanced by a loft area, vaulted ceilings, and a bath offering a dual vanity, clawfoot bathtub, separate shower, and oversized closet. Additional guest rooms provide cozy accommodations for family or visitors. Built in 1998 with energy-efficient straw bale construction, the home offers superior insulation. Outside, the unique property includes a large garden shed (400+ sq ft) and a metal barn/shop (800+ sq ft), perfect for hobbies or storage. Stairs lead down to a riverside deck—ideal for quiet moments or outdoor entertaining. With irrigation rights, the landscaping stays lush year-round, and three distinct patios provide outdoor living spaces to enjoy nearly every season. Across the river, two expansive ranches offer unspoiled views and a natural wildlife corridor. Tucked along the scenic Los Pinos River and just two miles from downtown Bayfield, this exceptional property offers the perfect blend of privacy, natural beauty, and everyday convenience. Enjoy easy access to local amenities—including grocery stores, restaurants, and hardware shops—while feeling worlds away in your private riverside retreat.
  • Subdv Name: Not Applicable
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 19

Interior Features

  • Dining Room: Separate Dining
  • Bedrooms: 4
  • Flooring: Carpet-Partial, Hardwood, Tile
  • Estimated Total Sq Ft: 4755
  • Full Bathrooms: 4
  • Half Bathrooms: 0
  • Bathrooms Quarter: 0
  • Bathrooms Three Quarters: 0
  • Total Bathrooms: 4
  • Fireplace Location Type: Woodstove
  • Foundation: Slab, Concrete
  • Master Bedroom Level: Main Level
  • Total Office Den: 0

Exterior Features

  • Construction Type: Wood Frame, Strawbale
  • Exterior Structures: Metal Building, Shed, Workshop
  • Roof: Metal
  • Views: Valley, Stream/River, Lake/Pond/Reservoir

Garage/Parking

  • Garage Type: Detached Garage
  • Garage: Yes
  • Garage Capacity: 1

Utilities

  • Utilities: Electric, Propane-Tank Leased, Internet, Phone - Cell Reception
  • Electric Supplier: La Plata Electric Association
  • Gas Supplier: Propane
  • Heating System: Boiler
  • Irrigation Water Description Amount: 0.05 Shares
  • Irrigation Water District: Thomson Epperson Ditch
  • Sewer Supplier: Septic
  • Water Heater: Propane Water Heater
  • Water Rights Irrigation: Yes
  • Water Supplier: Well
  • Water Well: Yes
  • Well Permit Number: 45353

Schools

  • Elementary School: Bayfield K-5
  • Middle School: Bayfield 6-8
  • High School: Bayfield 9-12
  • High School: Bayfield 9-12

Lot Info

  • Geo Subdivision: CO

Rental Info

  • Furnished: Partially Furnished

Tax Info

  • Tax Year: 2024

MLS Schools

  • Elementary School: Bayfield K-5
  • Middle School: Bayfield 6-8

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,773 $71,090 $26,310 $44,780
2024 $3,419 $60,290 $22,650 $37,640
2023 $3,419 $63,580 $23,890 $39,690
2022 $3,035 $66,370 $24,940 $41,430
2021 $2,535 $42,040 $18,180 $23,860
2020 $2,335 $39,970 $18,180 $21,790
2019 $2,269 $39,970 $18,180 $21,790
2018 $2,161 $38,790 $17,700 $21,090
2017 $2,189 $39,150 $17,700 $21,450
2016 $2,316 $41,280 $20,460 $20,820
2015 $1,788 $41,280 $20,460 $20,820
2014 $1,788 $39,550 $20,690 $18,860
2013 -- $39,550 $20,690 $18,860
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2025 07/01/25 Price Changed $1,875,000 -6.2% $394 / Sq Ft
06/01/2025 06/01/25 Price Changed $1,999,000 -9.1% $420 / Sq Ft
05/06/2025 05/06/25 For Sale $2,200,000 -- $463 / Sq Ft
Source: Colorado Real Estate Network (CREN)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $520,000 Land Title Guarantee Co
Special Warranty Deed $485,000 Land Title Guarantee Company
Trustee Deed -- None Available
Warranty Deed $15,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $327,000 New Conventional
Closed $345,000 New Conventional
Previous Owner $250,000 Credit Line Revolving
Source: Public Records

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Source: Colorado Real Estate Network (CREN)

MLS Number: 823827

Colorado Real Estate Network (CREN)

APN: R009771