1220 County Road 501, Bayfield, CO 81122

Property Description

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.