16431 149 Highway
Powderhorn, CO 81243
The Little Grey House in the West is a historic ranch estate set on approximately 88 acres in Powderhorn, Colorado. Originally built in 1919, the main home was masterfully restored in 2006 by Paul Campbell with a thoughtful blend of Old West charm and modern comfort. The 1,244 sq. ft. log home features 3 bedrooms and 1 bathroom, with rare, clear Douglas Fir tongue-and-groove flooring on the main level and original Douglas Fir planking upstairs. The original interior doors and hardware have been preserved, and the home includes a custom rock fireplace with a Quadra-Fire insert, double ovens, a 5-burner cooktop, new electric and plumbing systems, a new septic system, a new foundation, and off-peak furnace with 3,400 lbs of firebrick thermal storage. The home benefits from 400-amp off-peak electric service, Hunter Douglas triple honeycomb window coverings, Eagle windows with Larson Gold Series storm windows, Low-E glass, and solid cedar window bucks and jambs. Additional features include a paved driveway, under-counter lighting, a productive solar greenhouse, and abundant natural light thanks to its south-facing orientation. A fully renovated 1-bedroom, 1-bath guest cabin or bunk house offers additional living space, complete with a full kitchen, new electric, plumbing, foundation, windows, storm windows, Hunter Douglas blinds, electric baseboard heat, cedar-wrapped beams, 100-amp electric service, phone and cable wiring, tile and carpeted floors, and a lifetime high-efficiency 60-gallon Marathon water heater. The property is approved to host up to 26 people per night as a guest ranch and offers excellent infrastructure for residential, recreational, or commercial use. Water rights include a 30 GPM commercial well with 30 acre-feet of water, a year-round spring producing 15 GPM (33.3 CFS), and a 15 GPM domestic well with a permit. The ranch also features a high-quality constant-pressure well pump and a 105-gallon lifetime high-efficiency Marathon water heater. Land improvements include a large log barn, a log two-car garage with R-18 insulated doors and automatic openers, multiple historic log outbuildings, a seasonal pond (liner needed), multiple pond sites, a productive hay meadow, and heavy timber. The property is fenced along approximately two miles of perimeter and includes granted access to and fencing around an additional 50± acres of BLM land. A rough, undeveloped landing strip adds aviation potential. Located in the heart of Colorado’s outdoor recreation paradise, this property offers proximity to fishing on Cebolla Creek, Lake Fork of the Gunnison, and Blue Mesa Reservoir, as well as big game hunting for elk, mule deer, bear, and moose. This is a rare opportunity to own a legacy property where history, privacy, and potential meet.
- 3 Beds
- 1 Baths
- 1680 Square Feet
- Additional Quarters
- Interior Inclusions: Wood Stove
- Zoning: Residential Single Family
- 88.140 Acres
- Garage: Detached Garage
- Elementary: Open Enrollment
- Middle: Open Enrollment
- High: Open Enrollment
Courtesy of Jerad Cotten 970-640-9461 Jerad@M4RanchGroup.com

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2026. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to "limited license" rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer
Real Estate listings held by companies other than Gunnison Real Estate & Rentals LLC contain that company's name.
Fair Housing Disclaimer
This data was last updated: 2026-02-01 6:31pm
View All Listings
$32,000,000
401 Larkspur Lane, Mountain Villagebed
bath
sq ft
acre
Strategically set on a premier ski-in/ski-out site with awe-inspiring views of surrounding peaks, this One Architects-designe…more details
$25,000,000
7 Moon Ridge Lane, Crested Buttebed
bath
sq ft
acre
Sunflower Ranch is a remarkable 124.6 acre property in Gunnison County. It is adjacent to the town of Crested Butte, and shar…more details
$17,650,000
127 E Columbia Avenue, Telluridebed
bath
sq ft
acre
This exquisite high-end home designed by Sante Architects is located in the heart of the Town of Telluride, just one block fr…more details
$15,950,000
228 Benchmark Drive, Mountain Villagebed
bath
sq ft
acre
Featured in Architectural Digest for its exceptional design & interior spaces, this mountain Arts & Crafts-styled home, remod…more details
$14,900,000
50221 HWY 550 Highway, Durangobed
bath
sq ft
acre
Luxury Castle-Style Home in the Heart of the San Juan Mountains with Private pond on ample acreage Square Footage: • Indo…more details
$14,750,000
1068 Wilson Way, Telluridebed
bath
sq ft
acre
Among the finest examples of legendary AD 100 architect Hugh Newell Jacobsen's iconic style within the Rocky Mountains, this…more details
$13,900,000
250 Benchmark Drive, Mountain Villagebed
bath
sq ft
acre
Gracefully set upon a gentle rise atop Benchmark Drive, this wonderfully re-envisioned residence offers unparalleled views ov…more details
$13,500,000
119 Palmyra Drive, Mountain Villagebed
bath
sq ft
acre
A rare blend of effortless ski access, refined mountain design, and expansive family living define this exceptional ski-in/sk…more details
$13,500,000
23 Gray Fox Lane, Mt. Crested Buttebed
bath
sq ft
acre
Perched at the top of the prestigious Prospect subdivision in Mt. Crested Butte, 23 Gray Fox Lane- known as The Tipple House-…more details
$12,500,000
167 Adams Ranch Road, Mountain Villagebed
bath
sq ft
acre
Exquisitely designed & finished mountain contemporary residence offering breathtaking views along this sought-after stretch o…more details
$11,200,000
721 E Columbia, Telluridebed
bath
sq ft
acre
The most amazing uninterrupted views of Bear Creek Canyon and all surrounding mountains make this home one of a kind. Meticul…more details
$10,995,000
28 Kokanee Lane, Mt. Crested Buttebed
bath
sq ft
acre
Perched above the East River Valley in the exclusive Prospect neighborhood of Mt. Crested Butte, 28 Kokanee Lane is a rare sk…more details
$10,950,000
905 County Road 317, Crested Buttebed
bath
sq ft
acre
• PRICE IMPROVED! NOW OFFERED AT $10,950,000 UNPARALLELED MOUNTAIN ESTATE IN CRESTED BUTTE • THIS EXTRAORDINARY 10.41-AC…more details
$9,750,000
1050/973 Posey Road, Placervillebed
bath
sq ft
acre
Gracefully positioned amidst a series of rolling meadows, framed by the towering beauty of the snow-capped Wilson Range, Silv…more details
$9,400,000
XXX CR TBD, Hesperusbed
bath
sq ft
acre
Three Canyons Ranch boasts magnificent 5,196 square foot Colorado-style home that seamlessly marries rustic charm with modern…more details
$8,995,000
18 Walking Deer Lane, Mt. Crested Buttebed
bath
sq ft
acre
Welcome to the epitome of Crested Butte luxury living! Nestled in the heart of Mt. Crested Butte and sitting directly on the…more details
$8,950,000
1294 County Road 734, Crested Buttebed
bath
sq ft
acre
Perched high above the Slate River with sweeping views from Paradise Divide to Mt. Crested Butte and the valley floor, Blue H…more details
$8,495,000
464 Pinnacle View Drive, Durangobed
bath
sq ft
acre
Welcome to one of Durango’s premier mountain properties! This magnificent log home was built with massive Douglas Firs, so…more details
$8,400,000
610 Wildwater Way, Almontbed
bath
sq ft
acre
Pole Position. Arguably one of the very best spots at Wilder on the Taylor, 610 Wildwater Way sits right on the banks of the…more details
$8,250,000
30682 County Road 12, Somersetbed
bath
sq ft
acre
Kebler Corner is a western Colorado RV park and campground resort with an adjacent luxury riverfront home. The entire package…more details

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2026. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to "limited license" rights. Duplication or reproduction is prohibited.
FULL CREN Disclaimer
Real Estate listings held by companies other than Gunnison Real Estate & Rentals LLC contain that company's name.
Fair Housing Disclaimer
This data was last updated: 2026-02-01 6:31pm
