Exceptional opportunity to own a live and work property. Located in Bayfield's multi-use land designation area, there is opportunity for light commercial or industrial use with county approval. The residence has been renovated with Hardibacker siding, updated kitchen and baths with granite countertops, and hardwood flooring throughout much of the home. The downstairs includes a large living room with stone fireplace, kitchen, separate dining, spacious entrance which could also serve as an office or den, laundry room, 3 bedrooms including an en-suite master, and a full bathroom. Upstairs are 2 additional rooms, and the basement includes a one car garage. The 2 shops are perhaps the highlight of this property. The 40x80 shop is complete with a loading dock, 4 garage doors, one of which is 10' high, a large office space, and 3/4 bath with W/D hookups. It's plumbed for compressed air, has 3 phase power, and is heated with in floor radiant heat. The 24x64 shop has 3 garage bays, a lift, and a hoist. The 2.43 acres is mostly level and fully fenced and gated for security. Parking is not a problem here, as there is ample space for large equipment and vehicles. 1/4 share of irrigation from the King Ditch provides plenty of water, and La Plata Archuleta Water district will be completing water lines in the area this fall. A Town of Bayfield sewer tap is available, as well. This is a high visibility location with easy access to Highway 160 and the Town of Bayfield.