Located just outside the town limits of Bayfield, CO, this 138+ acre working ranch has 3 homes on it. Homes are all on month-to-month rentals, and are bringing in a total of $3, 000 a month in rent, with room for the rents to be raised. Excellent water rights through Pine River Irrigation District total approximately 120 acres of irrigable ground. Annual irrigation costs are under $800 a year. No conservation easement and no covenants make this a great candidate for future development near Bayfield. Low agricultural taxes of only $$1, 675 a year. Located at approximately 6920' elevation. Direct access to the San Juan National Forest via Sauls Creek & Spring Creek trailheads just down the county road.