




148 Black Bear Lane, Bayfield, CO, 81122
About This Home
Stylish furnished home on the quiet back side of Vallecito Lake with rare water-front Vallecito Creek frontage and no HOA. This well-lit three-bed, two-bath retreat offers both comfort and versatility, with a layout that works beautifully as a primary residence, vacation home, or income-producing property. The lock-off loft, complete with a pool table, and private entrance, has a history as a short-term rentals, and the tiny home near the creek is ideal for guests or additional income. An insulated shed provides a perfect hobby space, gym or overflow storage, and three additional outbuildings offer room for tools, gear, and outdoor vehicles such as ATVs. Large windows on the lower level fill the home with natural light, while the expansive deck features a concealed hot tub for relaxing evenings under the pines. Follow the steps down to a riverfront fire pit for peaceful mornings or summer nights by the water. Importantly, the property is NOT located in a designated FEMA flood zone, offering peace of mind rarely found with waterfront homes. The property is just 0.5 miles from the 19.5-mile Vallecito Trail, which leads directly into the Weminuche Wilderness and offers exceptional access to hiking, fishing, and outdoor recreation. This unique property blends mountain charm with practical flexibility. Furnished, STR-friendly waterfront home represents a rare opportunity to own a slice of alpine paradise in Vallecito. Photos taken in 2023. Total Square Footage includes ADU/tiny home.
Getting Around
Schools
Construction
Condition
- Year built: 1981
Type & Style
- Home type: SingleFamily
- Property subType: Stick Built
Interior
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Interior Area
- Total structure area: 2,168
- Total interior livable area: 2,168 sqft
Property
Details
- Parcel number: 537716303011
Features
- On waterfront: Yes
- Waterfront features: Creek
Lot
- Lot size: 0.40 Acres
Parking
- Total spaces: 2
- Parking features: Detached Garage
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Inland Flooding
- Lightning
- Wildfire
- Winter Weather
- Avalanche
- Landslide
How This Home’s Risks Compare
FEMA Declared Disasters Across Colorado Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,792 | $45,504 |
| Home Insurance * | $256 | $3,072 |
| Property Taxes | $168 | $2,016 |
| Electricity | $186 | $2,232 |
| Total | $4,402 | $52,824 |
Income You'd Need if You Spent...
Colorado FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-29 | Listed for sale | $775,000 |
| 2025-10-01 | Listing removed | $799,900 |
| 2025-04-03 | Listed for sale | $799,900 |
| 2024-07-02 | Listing removed | $809,900 |
| 2024-05-20 | Price change | $845,000 |
| 2024-03-14 | Listed for sale | $855,000 |
| 2023-10-26 | Listing removed | -- |
| 2023-08-20 | Price change | $860,000 |
| 2023-08-09 | Price change | $875,000 |
| 2023-07-13 | Price change | $885,000 |
| 2023-06-27 | Listed for sale | $895,000 |
| 2023-06-21 | Listing removed | -- |
| 2023-06-19 | Price change | $920,000 |
| 2023-06-14 | Price change | $899,000 |
| 2023-05-24 | Listed for sale | $920,000 |
| 2022-05-06 | Sold | $775,000 |
| 2022-04-05 | Contingent | $775,000 |
| 2022-04-01 | Listed for sale | $775,000 |
| 2019-04-17 | Sold | $405,000 |
| 2019-03-10 | Pending sale | $425,000 |
| 2019-02-11 | Listed for sale | $425,000 |
| 2013-09-16 | Sold | $262,000 |
| 2013-08-24 | Price change | $269,000 |
| 2013-07-10 | Price change | $299,900 |
| 2013-05-08 | Listed for sale | $329,000 |
| 2012-02-21 | Sold | $605,980 |
