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$28,500,000

  • For Sale
  • Active
  • Single Family
  • 7 Beds
  • 5 Full Baths
  • 6,400 Sq. Ft.
  • Updated 5 days ago
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Teelawuket Ranch is a premier Colorado live water ranch located in the spectacular Upper Pine River Valley near Bayfield and Durango. Encompassing ±940 acres, the Ranch combines private trout fishing, productive wildlife habitat, equestrian facilities, and exceptional improvements within one of the most scenic landscapes in the Rocky Mountain West. Surrounded by the rugged San Juan Mountains, the property features irrigated meadows, timbered hillsides, aspen groves, and extensive riparian corridors that create both remarkable beauty and year-round recreational opportunity. Water is the defining feature of Teelawuket Ranch. More than one mile of the Upper Pine River flows through the property, complemented by East Creek and a five-acre pond that provide diverse fishing opportunities for brown, rainbow, and brook trout. Direct adjacency to U.S. Forest Service lands and access to the renowned Weminuche Wilderness further enhance the Ranch's sporting appeal. Improvements include a 6,400-square-foot main residence, five guest cabins, a ranch manager's home, historic gathering spaces, a four-stall barn, riding arena, corrals, and supporting ranch infrastructure. The Ranch is equally suited for family retreats, equestrian pursuits, entertaining guests, and multi-generational ownership. Abundant elk, mule deer, turkey, and black bear habitat, combined with proximity to Durango, Vallecito Reservoir, and several renowned trout rivers, make Teelawuket Ranch an exceptional legacy property offering privacy, recreation, and stewardship in one of Colorado's most desirable mountain destinations.

Full Property Details for 23490 Co Rd 501

General

  • Price: $28,500,000
  • Taxes: $9,583 (2025)
  • Status: Active
  • Type: Single Family
  • Source: MetroList_Colorado
  • MLS ID: 5992563
  • Updated: 6/15/2026
  • Added to Site: 27 day(s) ago

Interior

  • Interior Features: Kitchen Island, Vaulted Ceiling(s), Walk-In Closet(s)
  • Appliances: Cooktop, Dishwasher, Dryer, Freezer, Microwave, Oven, Range, Range Hood, Refrigerator, Washer
  • Flooring: Wood

Rooms

Bathrooms

  • Total Bathrooms: 5
  • Full Bathrooms: 5
  • Main Floor Baths: 3

Bedrooms

  • Total Bedrooms: 7
  • Bedrooms Main: 5

Exterior

  • Exterior Features: Balcony, Fire Pit, Garden, Private Yard
  • Porch/Patio/Deck: Covered, Deck, Front Porch, Patio

Parking

  • Total Spaces: 4
  • Parking Features: Unpaved

Location

  • County: La Plata
  • Subdivision: NA

School Information

  • Elem School District: Bayfield 10 JT-R
  • Midd School District: Bayfield 10 JT-R
  • High School District: Bayfield 10 JT-R
  • Elementary School: Bayfield
  • Middle School: Bayfield
  • High School: Bayfield

Community

  • Pets Allowed: Yes

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Baseboard, Forced Air, Radiant Floor

Utilities

  • Gas: Yes
  • Sewer: Septic Tank
  • Water: Well
  • Utility Description: Electricity Connected, Natural Gas Connected, Phone Available

Structural Information

  • Structure Type: House
  • Construction: Wood Siding
  • Roof: Metal
  • Square Feet: 6,400
  • Sq. Ft. Source: Public Records
  • Living Area: 6,400 Sq. Ft.
  • Current Bldg. Use: Live/Work
  • Year Built: 1890
  • Property Condition: Updated/Remodeled

Lot Features

  • Lot Size (Acres): 940
  • Lot Size (Sq. Ft.): 40,946,400
  • Frontage: Public
  • Street/Road Desc.: Dirt
  • Road Maintenance: Private Maintained Road, Public Maintained Road
  • Irrigation System: Ditch
  • Lot Features: Borders National Forest, Borders Public Land, Irrigated, Many Trees, Meadow, Mountainous, Near Ski Area, Secluded, Suitable For Grazing, Wetlands
  • Trees/Vegetation: Aspen, Grass Hay, Grassed, Heavily Wooded, Partially Wooded, Pine, Wooded

Horse Property

  • Horse Property: Yes
  • Horse Facility Desc.: Arena, Corral(s), Pasture, Tack Room

Water Features

  • Water Front: Yes
  • Water Front Desc.: Lake Front, Pond, River Front, Stream, Waterfront

Financial Considerations

  • Tax Amount: $9,583
  • Tax Year: 2025
  • Terms: 1031 Exchange, Cash

Disclosures and Reports

  • Ownership: Individual
  • Special Conditions: None
  • Legal Description: SEC-TN-RG 2, 3, 10, 9, 3-36-6 SEC-TN-RG 1, 2-36-6:35-37-6 SEC-TN-RG 35-37-6:2-36-6 NW/4:NE/4:N/2NW/4:NE/4NE/4:W/2SE/4, SE/4SW/4: *N/2SW/4:NE/4SW/4, N/2SE/4:W/2SW/4 TR 57, *E/2 SW/4 (S/2 TR 55), SE/4 TR 58:TR 3: NW/4 SW/4 23490 CR 501 BAYFIELD 81122
  • Exclusions: To be negotiated between buyer and seller.
  • Property ID: R006110

Listed by Live Water Properties

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Listing agent

— 23490 Co Rd 501 —

  • Live Water Properties

brian@livewaterproperties.com,307-690-3155

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 23490 Co Rd 501

School District:Bayfield School District R-10-Jt
NameGradesDistance
Bayfield Elementary School
720 East Oak Drive, Bayfield, CO 81122
2-515 mi
Bayfield Primary School
511 East Mustang Street, Bayfield, CO 81122
K-116 mi
Bayfield Middle School
615 East Oak Drive, Bayfield, CO 81122
6-815 mi
Bayfield High School
800 County Road 501, Bayfield, CO 81122
9-1215.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Tax History for 23490 Co Rd 501

Year
Property Taxes
Change
Tax Assessment
Change
2025
$9,583
-3%
$149,230
15%
2024
$9,921
10%
$129,620
-18%
2023
$8,992
15%
$158,550
22%
2021
$7,817
6%
$129,620
4%
2022
$7,408
-5%
$124,320
9%
2021
$7,817
30%
$114,300
6%
2018
$5,996
-1%
$107,650
—
2017
$6,039
-7%
$108,020
-5%
2019
$6,488
2%
$114,300
1%
2016
$6,343
25%
$113,050
—
2015
$5,057
17%
$113,050
18%
2014
$4,333
-3%
$95,870
—
2013
$4,489
—
$95,870
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 23490 Co Rd 501

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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with our affiliated lender
NMLS#: 1598647

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Listed by Live Water Properties

23490 County Road 501, Bayfield, CO 81122 (MLS# 5992563) is a Single Family property with 7 bedrooms and 5 full bathrooms. 23490 County Road 501 is currently listed for $28,500,000 and was received on June 15, 2026. Want to learn more about 23490 County Road 501? Do you have questions about finding other Single Family real estate for sale in Bayfield? You can browse all Bayfield real estate or contact a Coldwell Banker agent to request more information.

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