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.