Recreational Land for Sale in Bayfield, Colorado

Justin D Osborn, Wells Group Real Estate, O:,,: Enjoy owner financing terms you can't get at the bank in this economy. Seller will carry at 7% interest with 35% cash down for a period of 3-5 years. 155 wooded acres of healthy ponderosa pine forest, located only 2.5 miles to downtown Bayfield. Paved year round access on a well maintained county road ensures your vehicles stay clean. No Covenants, No HOA, No Conservation Easement. Elevation ranges from 7050' - 7420'. Enjoy excellent views of not only the Pine River Valley and the Town of Bayfield, but also the snowcapped La Plata Mountains to the west and the mountain ranges above Vallecito Lake to the north. 2 well pads provide great access roads through the property. RECREATIONAL OPPORTUNITIES: The land is covered up with elk, mule deer, turkey, and occasionally bear and mountain lion. This is Colorado GMU # 75 where rifle bull elk tags can be purchased over the counter. DEVELOPMENT POTENTIAL: With over 1300' of paved county road frontage, and over 1/2 mile of a good gravel road through the property, this acreage has the potential to be subdivided into smaller parcels. 35 acre parcels could be created without going through county planning and would sell for between $7K - $9K an acre. Less than 35 acres would require La Plata County Planning Department approval. TAX SAVINGS: With neighboring parcels ranging in size from 2-6 acres, combined with the fact that rural Bayfield needs housing and this property is only 2 miles from town limits, there's a huge opportunity here for a Conservation Easement play where an investor could potentially received hundreds of thousands of dollars in tax credits.