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Land with Home for Sale in Bayfield, Colorado

23490 County Road 501, Bayfield, CO 81122

$28,500,000
940 acres
Active sale
ago
Est $146,413/mo

Teelawuket Ranch is a premier Colorado live water ranch located in the spectacular Upper Pine River Valley near Bayfield and Durango. Encompassing ±940 acres, the Ranch combines private trout fishing, productive wildlife habitat, equestrian facilities, and exceptional improvements within one of the most scenic landscapes in the Rocky Mountain West. Surrounded by the rugged San Juan Mountains, the property features irrigated meadows, timbered hillsides, aspen groves, and extensive riparian corridors that create both remarkable beauty and year-round recreational opportunity.

Water is the defining feature of Teelawuket Ranch. More than one mile of the Upper Pine River flows through the property, complemented by East Creek and a five-acre pond that provide diverse fishing opportunities for brown, rainbow, and brook trout. Direct adjacency to U.S. Forest Service lands and access to the renowned Weminuche Wilderness further enhance the Ranch’s sporting appeal.

Improvements include a 6,400-square-foot main residence, five guest cabins, a ranch manager’s home, historic gathering spaces, a four-stall barn, riding arena, corrals, and supporting ranch infrastructure. The Ranch is equally suited for family retreats, equestrian pursuits, entertaining guests, and multi-generational ownership. Abundant elk, mule deer, turkey, and black bear habitat, combined with proximity to Durango, Vallecito Reservoir, and several renowned trout rivers, make Teelawuket Ranch an exceptional legacy property offering privacy, recreation, and stewardship in one of Colorado’s most desirable mountain destinations.

6,400
Sq feet
7
Beds
5
Full baths
1890
Built

Location

Street address
23490 County Road 501
Zip code
81122
School district
Bayfield 10 JT-R
Elevation
7,813 feet
Coordinates
37.4184, -107.5056

Property details

Acreage
940 acres
MLS #
REcolorado 5992563
Posted

Property taxes

2025
$9,583

Parcels

  • R006110

Legal description

Details and features

Listing

Type
Residential
Subtype
Single Family Residence
Current Use
Live/Work
Ownership
Individual
Terms
1031 Exchange, Cash
Exclusions
To Be Negotiated Between Buyer and Seller.

Lot

Vegetation
Aspen, Grass Hay, Grassed, Heavily Wooded, Partially Wooded, Pine, Wooded
Irrigation Source
Ditch
Road Frontage
Public
Road Surface
Dirt
Road Responsibility
Private Maintained Road, Public Maintained Road
Waterfront
Lake Front, Pond, River Front, Stream, Waterfront
Rights
Mineral Rights, Water Rights
Features
Borders National Forest, Borders Public Land, Irrigated, Many Trees, Meadow, Mountainous, Near Ski Area, Secluded, Suitable For Grazing, Wetlands

Exterior

Parking Spaces
4
Parking
Unpaved
Horses Allowed
Yes
Equestrian
Arena, Corral(s), Pasture, Tack Room
Outdoor Spaces
Covered, Deck, Front Porch, Patio
Features
Balcony, Fire Pit, Garden, Private Yard

Structure

Type
House
Condition
Updated/Remodeled
Levels
Two
Water
Well
Sewer
Septic Tank
Heating
Baseboard, Forced Air, Radiant Floor
Cooling
None
Materials
Wood Siding
Roof
Metal

Interior

Rooms
Bathroom Full x 5, Bedroom x 7, Great Room, Kitchen, Laundry
Flooring
Wood
Appliances
Cooktop, Dishwasher, Dryer, Freezer, Microwave, Oven, Range, Range Hood, Refrigerator, Washer
Features
Kitchen Island, Vaulted Ceiling(s), Walk-In Closet(s)

Property utilities

CategoryTypeStatus
PowerGridConnected
GasNatural GasConnected
SewageSeptic SystemConnected
WaterPrivate WellConnected

Nearby schools

NameTypeDistrict
BayfieldElementaryBayfield 10 JT-R
BayfieldMiddleBayfield 10 JT-R
BayfieldHighBayfield 10 JT-R

Listing history

DateEventPriceChangeSource
June 15, 2026New listing$28,500,000REcolorado
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This 940-acre property is located at 23490 County Road 501 in Bayfield, CO 81122. The property is available for sale, priced at $28,500,000. It has a 6,400 sq ft 7 bedroom, 5 bath house built in 1890.

Checked 1 hour agoUpdated

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REcolorado

Based on information submitted to the MLS GRID as of June 15, 2026 3:00 pm MT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. View more

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