This is THE Colorado visionary dream property with 2 Class A shares of water rights and no HOA! Located on the highly coveted CR 203, this lush and green property boasts incredible views of the red cliffs. The main house is a waterfront, 3 bedroom/2 bath chalet style home, with large picture windows and a deck overlooking the tree-lined irrigation canal. The chalet has been a very successful VRBO rental for 10 years... and feels like a world away, perched far from the road on the hillside. New furnishings are coming and the furniture may be negotiable with an acceptable offer. The carriage house is situated down from the main home and is a perfect space for visitors and additional family.... or could potentially be used as the Vacation Rental instead of the main house. Buyers to verify the transferability of the Vacation Rental license with the County. Please visit the VRBO page online to view the 'Mineshaft' rental information and rental calendar. The lower level of the carriage house is a large artist studio/workshop, or an additional storage area. There is also a storage barn/garage on the property. The chalet and guest house are creatively designed in a labor of love, as a homestead vision of a rustic mountain life, and are ready for the next owner to take that vision to the next level. The northern portion of this property is a lush open space (to be cleared of temporary structures before Closing), with a large gazebo overlooking a pond and a bubbling irrigation stream trickling down the hillside. This land could make for wonderful irrigated gardens or an equestrian property, and already has an RV pad in place with 200 amp electric service and a water tap. The total 2.23 acre property was previously a double lot, and could potentially be converted back to a double lot with the purchase of a second sewer line tap. Buyer to verify the procedures and costs of this with the County. There could be tremendous potential value in this subdivision for a new owner... either by selling the vacant lot with 1 share of water rights or by building a second home to sell or rent. Vacant lots on CR 250, especially with water rights, are hard to come by! Use your imagination and make the mountain dream, yours! Please do not pull in the driveway without confirmed appointment.