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148 Black Bear Lane, Bayfield, CO, 81122

3beds
2baths
2,168sqft
$750,000
$346price/sqft
$4,402/moest. monthly cost
$176,080/yrincome needed

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

0
WalkingCar-Dependent
0
TransitVery Limited Transit
17
BikeSomewhat Bikeable

Schools

7/10
5/10
Bayfield Middle SchoolGrades 6-815.9 mi
5/10
Bayfield High SchoolGrades 9-1216.1 mi

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
    Inland FloodingVery High
  • Lightning
    LightningVery High
  • Wildfire
    WildfireRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Avalanche
    AvalancheModerate
  • Landslide
    LandslideModerate

How This Home’s Risks Compare

Inland Flooding
Lightning
Wildfire
Winter Weather
Avalanche
Landslide

FEMA Declared Disasters Across Colorado Counties

Fire
Flood
Severe Storm
Tornado

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

MonthlyAnnual
Mortgage $3,792$45,504
Home Insurance *$256$3,072
Property Taxes $168$2,016
Electricity $186$2,232
Total$4,402$52,824
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$150,925/yr
40% on housing$132,060/yr
45% on housing$117,386/yr

Colorado FAIR Plan Programs

Colorado FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →

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.

Insurance Growth Rate5-year average: 13.4%
13.4%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 3.7%
3.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$346This listing

vs Other Active Listings

Avg $/sqft

ZIP 81122$381
La Plata County$490

vs Homes Sold Last Month

Median $/sqft

ZIP 81122$305
La Plata County$436

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

DateEventPrice
2026-04-29Listed for sale$775,000
2025-10-01Listing removed$799,900
2025-04-03Listed for sale$799,900
2024-07-02Listing removed$809,900
2024-05-20Price change$845,000
2024-03-14Listed for sale$855,000
2023-10-26Listing removed--
2023-08-20Price change$860,000
2023-08-09Price change$875,000
2023-07-13Price change$885,000
2023-06-27Listed for sale$895,000
2023-06-21Listing removed--
2023-06-19Price change$920,000
2023-06-14Price change$899,000
2023-05-24Listed for sale$920,000
2022-05-06Sold$775,000
2022-04-05Contingent$775,000
2022-04-01Listed for sale$775,000
2019-04-17Sold$405,000
2019-03-10Pending sale$425,000
2019-02-11Listed for sale$425,000
2013-09-16Sold$262,000
2013-08-24Price change$269,000
2013-07-10Price change$299,900
2013-05-08Listed for sale$329,000
2012-02-21Sold$605,980

For Sale by Agent

AgentKathryn Vumbaco
BrokerageRE/MAX Alliance

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