Grimes Creek Real Estate, Homes, Condos for Sale in Bayfield, CO - Your Durango Real Estate

Eagle’s Nest Cabins is a rare and versatile mountain retreat located just north of Vallecito Reservoir, approximately 30 minutes from Durango and 20 minutes from Bayfield. This exceptional property includes a main lodge, three income-producing log cabins, and a caretaker’s studio cottage, all situated on just over three acres with an additional 0.80-acre vacant lot included in the sale. The property offers access to the National Forest just minutes away and provides endless opportunities for outdoor recreation. Together, the improvements total 5,449 square feet of living space and are ideally suited for use as a vacation rental business, bed-and-breakfast, wedding venue, corporate retreat, or private family compound. Current rental projections exceed $120,000 annually. The 2,137-square-foot main lodge, built in 1961, features four bedrooms and two baths with generous living areas, making it ideal for owner occupancy or guest accommodations. The three log cabins, each built in 1969, offer 1,024 square feet with three bedrooms, two baths, full kitchens, and wood-burning fireplaces. A caretaker’s cottage above the garage provides additional flexibility for management or guest space. The 0.80-acre vacant lot offers potential for RV parking, storage, or additional rental pads. Three private fishing ponds add to the charm of the setting, which is surrounded by mountain beauty and abundant wildlife. Year-round activities such as hiking, boating, fishing, paddleboarding, and snowshoeing are easily accessible, and the property’s convenient location places it within a short drive of both Bayfield and Durango. Eagle’s Nest Cabins presents a unique opportunity to own a turnkey income property or private mountain getaway in one of Southwest Colorado’s most scenic destinations.

48 W Vallecito Creek Rd, Bayfield

$800,000

9 Beds ⋅ 6 Baths ⋅ 833295 MLS

Positioned just north of Vallecito Reservoir, Eagles Nest Cabins present a rare opportunity to acquire a turnkey mountain retreat with built-in income potential. Set on 1.78 acres and bordering nearby National Forest access, the property includes three well-maintained cabins totaling approximately 3,200 square feet. Two cabins offer 1,024 square feet each, with a third at 1,152 square feet. All three feature three bedrooms, two full baths, full kitchens, and wood-burning fireplaces, creating comfortable, functional accommodations suited for year-round enjoyment. The setting is quiet and private, with an on-site fishing pond, mature trees, and easy access to Vallecito's recreational amenities. This property is well-positioned for multiple uses, including short-term vacation rentals, long-term income production, or a commercial hospitality operation. Projected nightly rental income ranges from approximately $22,000 to $26,000 per cabin annually, offering strong potential returns. Additional improvements include a shared laundry facility and ample space for guest parking and outdoor enjoyment. Whether utilized as an income-producing asset, a family compound, or a company retreat, Eagles Nest Cabins provide flexibility, location, and immediate usability in one of Southwest Colorado’s most desirable recreational corridors.

18 Vallecito Creek Rd, Bayfield

$800,000

833294 MLS

Positioned just north of Vallecito Reservoir, Eagles Nest Cabins present a rare opportunity to acquire a turnkey mountain retreat with built-in income potential. Set on 1.78 acres and bordering nearby National Forest access, the property includes three well-maintained cabins totaling approximately 3,200 square feet. Two cabins offer 1,024 square feet each, with a third at 1,152 square feet. All three feature three bedrooms, two full baths, full kitchens, and wood-burning fireplaces, creating comfortable, functional accommodations suited for year-round enjoyment. The setting is quiet and private, with an on-site fishing pond, mature trees, and easy access to Vallecito's recreational amenities. This property is well-positioned for multiple uses, including short-term vacation rentals, long-term income production, or a commercial hospitality operation. Projected nightly rental income ranges from approximately $22,000 to $26,000 per cabin annually, offering strong potential returns. Additional improvements include a shared laundry facility and ample space for guest parking and outdoor enjoyment. Whether utilized as an income-producing asset, a family compound, or a company retreat, Eagles Nest Cabins provide flexibility, location, and immediate usability in one of Southwest Colorado’s most desirable recreational corridors.

18 Vallecito Creek Rd, Bayfield

$850,000

5 Beds ⋅ 3 Baths ⋅ 833289 MLS

Tucked into the peaceful setting just north of Vallecito Reservoir, 48 West Vallecito Creek presents a rare opportunity to own a versatile mountain property with both residential comfort and income potential. Situated on 1.3 acres—with an additional adjacent 0.80-acre parcel included—this offering provides privacy, usable land, and close proximity to National Forest access, making it an ideal base for outdoor recreation and year-round enjoyment. The main residence features approximately 2,249 square feet, including a well-designed four-bedroom, two-bath layout, with the primary living space totaling just over 1,800 square feet. The home offers a functional floor plan with generous living areas, a full kitchen, and the warmth and character expected in a Colorado mountain retreat. Above the detached garage, a 448-square-foot caretaker apartment adds flexibility for guest accommodations, long-term rental income, or on-site property management. Vacation rental projections for the main home are estimated at $33,000 to $39,000 annually, with the studio apartment offering an additional $11,000 to $14,000 in potential income per year. Complementing the natural setting, the property benefits from proximity to fishing, ponds, and abundant wildlife, as well as easy access to surrounding public lands. Whether utilized as a primary residence, vacation retreat, or part of a larger investment strategy alongside the nearby cabin offerings, this property delivers multiple use options, including short-term rental potential, multi-generational living, or a private family compound.

48 W Vallecito Creek Rd, Bayfield

$886,000

3 Beds ⋅ 4 Baths ⋅ 806196 MLS

This special home is located just north of Vallecito Lake. If you are looking for that one-of-a-kind property with live water, mature trees, privacy and San Juan National Forest access right around the corner this is the place for you! This custom log home is fronting on East Grimes Creek in the Pine River Valley just off of CR 501. The home was built in 2006 and offers a large open floor plan with an exceptional great room featuring a two story rock fireplace and custom woodwork throughout. The main level primary suite is inviting with room for a private siting area in addition to a king size bedroom set. The ensuite bathroom has dual vanities, a walk-in tile shower and a large cedar lined walk-in closet. A separate powder room with washer and dryer round out the main level. Upstairs features two large guest bedrooms with ensuite bathrooms in each and a bonus room that could be a 4th bedroom, den or office. The interior of the home is finished out very nicely: granite counters in the kitchen, custom cabinetry, GE Café Stainless Appliances, dual fuel gas range and oven, hardwood flooring in the main living area, and custom woodwork throughout the home provide the ultimate mountain feel. Other upgrades include a whole house water filtration system, water softener, Hunter Douglas window treatments and is being offered turn key with all furniture. The home lives like your very own private park: two separately platted lots combine to make up the 2/3 acre property. Grimes Creek flows along the west side of the property and large spruce and aspen trees provide great shade for warm afternoons. Professional landscaping with full yard sprinkler and drip irrigation system to the flowerbeds make maintenance a breeze. There are two water wells that service the property for additional water! Stone walkways flow throughout the yard leading to two flagstone patios (one with built in firepit) make great outside living areas. The detached 2 car garage is not to be overlooked and features 2nd story storage, workshop with Husky built-in cabinetry and plumbing in place to add another bathroom if desired. Some additional features include full RV Hookups with 50 Amp service, gas piped to back porch for a BBQ grill, 20 KW standby generator, sealed crawlspace, privacy fence on two sides and central sewer. Access to the San Jaun National Forest via a short walk makes this a great basecamp for hunting GMU 751 where bull elk tags are issued over the counter and mule deer buck tags usually only take 2 to 3 preference points depending on the season. The home is located less than 3 miles from the Vallecito Marina and a short 30-minute drive to Durango. No HOA means short term rentals are allowed or you can make this your private year-round residence – either way you won’t be disappointed in this property.

117 Decker Dr, Bayfield

$549,000

3 Beds ⋅ 3 Baths ⋅ 806353 MLS

This beautiful, well-maintained custom home nestled in the pines is ready for you to enjoy year round or as a vacation home! You’ll enjoy the quality of work throughout this one-owner home and notice the extra mile that the builder took to make this home a gem. The kitchen has beautiful solid wood custom cabinets and a spacious pantry. The hand-hewn log stair railing, spindles, and wood trim throughout are made from logs harvested from the property when the home was built. The spacious main bedroom suite with a large walk-in closet is on the ground floor. On the second floor you'll be delighted by a third bedroom, bathroom and extra space that could be used as a home office, den, game room, etc. This space leads to the upper deck allowing the outdoors to be enjoyed from the second floor. You'll find fresh veggies from the raised garden beds and greenhouse that has a timed water system in place. The Instant Navien Propane Water Heater is a great plus as well as the Williams heater in the living room that efficiently heats the home with minimal expense. A covered carport keeps your vehicle out of the snow and sun and there is room to park an RV! (RV shelter that is in place is negotiable). This property has an excellent well (be sure to taste the water when you view this home!) and easy year-round access, just minutes from Vallecito Lake, hiking, biking and other outdoor activities.

60 W Grimes Creek Dr, Bayfield

$375,000

2 Beds ⋅ 1 Baths ⋅ 825373 MLS

Charming creekside cabin plus adjacent vacant parcel free of HOA dues and restrictions. Located just north of Lake Vallecito, recreational enthusiasts have the opportunity to enjoy being on the water, hiking in the bordering public land, and enjoying mountain views. This cozy 2-bedroom, 1-bathroom cabin sits on a .32-acre lot. Warm wood finishes, vaulted ceilings, and a wrap-around deck create a welcoming and relaxing atmosphere, ideal for year-round enjoyment. The main bedroom is conveniently located on the first level. Upstairs, the open loft features a second bedroom and a spacious landing currently furnished with a futon—perfect for extra sleeping space or a reading nook. The layout makes this cabin great for family getaways or hosting guests, or a investment opportunity for short term rentals. Included in the sale is the adjacent .3-acre vacant parcel, also creekside, equipped with an RV hookup—perfect for visitors, future development, or added buffer space. Two storage sheds on the property provide space for outdoor gear, tools, or seasonal items. With creek frontage on both lots, this property is a peaceful getaway and rare opportunity. Annual taxes are $1,512.68.

155 W Grimes Creek Dr, Bayfield

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