15980 Grange Road
Paonia, CO 81428
STILL SHOWING. Under Contract Contingent on the Sale of a Buyer's Home. Income-Generating Estate with Abundant Water Rights, Dual Homes, and Expansive Acreage in North Fork Valley. Located just beyond the vibrant town of Paonia in the stunning North Fork Valley, this exceptional 19+acre estate combines historic charm with modern luxury. Generating a steady rental income of $3,000 per month, it stands as both a beautiful home and a highly profitable investment. The property features approximately five irrigated acres supported by seven shares of Stewart Ditch water rights, ensuring a reliable and abundant water supply. This valuable resource enhances the estate’s agricultural and recreational possibilities, making it ideal for diverse pursuits. The estate boasts two distinct residences, each exuding unique character. The original home, built in 1909, has been meticulously remodeled to preserve its historic charm while incorporating modern conveniences, creating a timeless and comfortable living space. The second home, a contemporary design, showcases innovative architectural details, generous natural light, a custom kitchen, and adaptable rooms for use as bedrooms or offices. Surrounding the homes, the landscape offers a tranquil pond shaded by mature trees, enchanting garden paths, and spacious greenhouses filled with over 30 yards of top-grade soil—perfect for thriving horticultural ventures. The property includes multiple outbuildings for storage or workshop use, as well as a large, fully insulated shop with finished metal panel walls and high-capacity power, making it ideal for various professional or recreational activities. Set on a secluded hilltop just past Black Bridge, the estate offers privacy with the freedom of no deed restrictions or covenants. The diverse terrain invites exploration, and the property’s direct access to BLM (public) land opens up endless opportunities for hiking, horseback riding, and outdoor adventure. This is a rare opportunity to own a distinguished property in the North Fork Valley—where income potential meets the serene beauty of rural living.
- 4 Beds
- 2 Baths
- 2251 Square Feet
- Additional Quarters
- Appliances: Range/Oven, Refrigerator, Washer, Dryer
- Flooring: Hardwood,Stained/Stamped Concrete
- Heating: Propane
- Cooling: Window A/C Unit(s)
- Interior Inclusions: Ceiling Fan(s), Mud Room
- Zoning: Agriculture, Mixed-Use
- 19.250 Acres
- Garage: Detached Garage
- Siding: Stucco,Wood
- Roof: Metal
- Fencing: Barbed Wire
- Exterior Inclusions: Shed/Storage, Irrigation Water
- Elementary: Open Enrollment
- Middle: Open Enrollment
- High: North Fork High School
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This data was last updated: 2026-04-29 6:31pm
