Tucked away in the beautiful Pine River Valley just minutes from Vallecito Lake, this one-of-a-kind mountain retreat offers the perfect combination of privacy, character, and outdoor living. Originally built in 1916 as the teacherage for the historic Columbus School and thoughtfully expanded and renovated, the home now features approximately 1,850 square feet with 2 bedrooms, 2 bathrooms, a dedicated office, and a versatile hobby room. The fully fenced property is designed for enjoying Colorado's mountain lifestyle. Entertain family and friends under the large pavilion, relax in the private hot tub, gather around the firepit, shoot hoops on the basketball court, or simply enjoy the peaceful surroundings and mountain views. Mature landscaping includes lilacs, flowering plants, peach and apple trees, raspberry bushes, chokecherry plants, and 1 acre-foot of Pine River irrigation water rights. Additional features include a one-car garage, dog kennel, multiple outbuildings, and ample space for hobbies, gardening, pets, or outdoor recreation. Located in an area that allows short-term rentals, the property offers flexibility as a full-time residence, mountain getaway, or potential vacation rental opportunity. Buyers should verify all short-term rental requirements with the appropriate governing authorities. Just minutes from Vallecito Lake, you'll enjoy easy access to boating, fishing, paddleboarding, kayaking, hiking, camping, and mountain biking. Conveniently located between Durango and Bayfield, with access to Purgatory Resort, Wolf Creek Ski Area, and Mesa Verde National Park, this property is ideally positioned for year-round adventure. Whether you're seeking a peaceful mountain home, a weekend escape, or a property with income-producing potential, this distinctive retreat offers a lifestyle that's increasingly difficult to find in Southwest Colorado.