0 Baths

$900,000

1220 County Road 501, Bayfield CO, 81122

Lot size40 Acres

Property typeLand

Listed by Justin Osborn with Wells Group Real Estate 970-946-3935

Overview

Active

Listed Nov 7, 2026

Updated 11h ago

40 acres in the county but the Town of Bayfield is wanting to annex this into city limits for development. Borders 622 acres of Colorado State Land to the north. Currently there are No Covenants and No HOA. DEVELOPMENT POTENTIAL: Commercial opportunities such as places of worship, daycare facilities, and senior or assisted living could likely be approved for development by the Bayfield Planning Department. Residential development use by right includes 43 single family homes in R-40 zoning, 87 single family homes in R-20 zoning, 174 single family homes in R-10 zoning, or 871 multi-family units. The town of Bayfield has confirmed that water and sewer taps are available for development. TAX SAVINGS: With neighboring parcels being 1/4 acre in size, combined with the fact that Bayfield needs housing and this property borders 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.

Other Property Details

Taxes: $9,714
Tax Frequency: Annually
View: Yes

Listed by Justin Osborn with Wells Group Real Estate 970-946-3935

SOURCE: The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network (CREN). All data deemed reliable but not guaranteed and should be independently verified. The information contained in this publication is subject to change without notice. TERMS OF USE: This publication is designed to provide information with regard to the subject matter covered. This listing information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional services and that the publisher and authors are not offering such advice in this publication. If real estate, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

WARRANTY: COLORADO REAL ESTATE NETWORK (CREN) MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. COLORADO REAL ESTATE NETWORK SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

©COPYRIGHT (2026) by COLORADO REAL ESTATE NETWORK 121 N Park Avenue, Suite #4, Montrose, CO 81401. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of Colorado Real Estate Network (CREN).

PUBLISHERS NOTICE: All information is deemed reliable but is not guaranteed and should be independently verified. All real estate advertised herein is subject to the US Federal Fair Housing Act of 1968 and the Colorado Fair Housing Act, which makes it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin. Please check with your local government agency for more information.

Real estate listings held by companies other than Legacy Properties Sotheby's International Realty will feature the respective company’s name.

Data last updated on: 11/10/2026