48246 Highway 160 Just five minutes east of Bayfield with easy year-round paved access, this exceptional 7.11-acre Colorado mountain retreat offers a rare combination of multiple income-producing residences, year-round water, no HOA, and endless lifestyle possibilities. Perfect as a vacation rental investment, family compound, corporate retreat, multi-generational estate, or private mountain getaway, the property is centered around a beautiful spring-fed lake approximately 15 feet deep, stocked with fish and surrounded by a walking path for fishing, relaxing, and enjoying Colorado's abundant wildlife. Year-round Beaver Creek flows through the property, creating a peaceful setting with frequent deer, birds, and stunning mountain scenery. Every living space has been extensively updated with modern finishes, making the property completely turnkey. The main barn has been professionally converted into a stylish contemporary apartment, complemented by three beautifully renovated tiny homes ranging from one to three bedrooms, each with its own private outdoor living space. Every structure has electricity, new roofs, and quality improvements throughout, while strong water pressure serves the entire property. The cabins have historically generated approximately $200 per night, the existing RV site has rented for approximately $850 per month, and there is room to expand with additional RV sites or other income opportunities. Formerly de-annexed from Deer Valley, the property enjoys the increasingly rare benefit of no HOA, no covenants, and no restrictive regulations, providing exceptional flexibility for personal enjoyment or investment. Conveniently located just minutes from Bayfield, Vallecito Lake, National Forest access, hiking, fishing, boating, and only a short drive to historic downtown Durango, this one-of-a-kind property offers a unique opportunity to own a turnkey Colorado mountain retreat featuring a private stocked lake, creek frontage, multiple updated residences, proven rental income, investment potential, and unmatched freedom in one of Southwest Colorado's most desirable locations.