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Lot/land
  • Price cut: $500K (7/7)
    $4,999,999

    10985 E US Highway 24, Peyton, CO 80831

    --beds
    --baths
    35Acres
    Improved Land
    Built in ----
    35 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Water rightsFastest-developing corridorPrime locationExisting wells
    This 35-acre parcel presents a rare and strategic opportunity for developers seeking to capitalize on the explosive growth between Colorado Springs and Falcon. Located just minutes from both markets, the property sits in the heart of one of El Paso County’s fastest-developing corridors, where residential subdivisions, retail centers, and mixed-use projects are rapidly expanding to meet increasing demand. With two existing wells and water rights, this property offers a critical head start in a region where water access often defines the pace and scope of development. Potential for a variety of commercial uses—including retail centers, light industrial, mixed-use developments, or even a master-planned community with integrated commercial zones. The proximity to Powers Boulevard, Highway 24, and the ever-expanding Falcon Town Center makes this parcel especially attractive for developers looking to serve the growing population east of Colorado Springs. The area is already seeing substantial investment in infrastructure and services, creating a strong foundation for future growth. Given its size, access to water, and prime location, this property is perfectly positioned to meet the region’s surging demand. This parcel offers the space, resources, and location to support a bold vision.
    405 days
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    22
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    Zillow last checked:

    Listing updated:

    Listed by:

    Catherine Brown-Swain 719-649-4515,

    Colorado lifestyle Properties,

    Susan Myers 719-209-0364,

    MODUS Real Estate

    Source: REcolorado as distributed by MLS GRID,MLS#: 2883651MLS Logo

      Facts & features

      Property

      Features
      • Fencing: Full
      Lot
      • Size: 35 Acres
      • Features: Level, Meadow, Sloped, Subdividable
      • Residential vegetation: Grassed
      Details
      • Parcel number: 5313000121
      • Zoning: RR-5
      • Special conditions: Standard
      • Horses can be raised: Yes

      Utilities & green energy

      • Water: Well
      • Utilities for property: Phone Available

      Community & HOA

      Community
      • Subdivision: Colorado Springs
      HOA
      • Has HOA: No
      Location
      • Region: Falcon

      Financial & listing details

      • Annual tax amount: $930
      • Date on market: 6/17/2025
      • Listing terms: 1031 Exchange,Cash,Conventional,Other
      • Ownership: Individual
      • Electric utility on property: Yes
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/7/2026Price change$4,999,999-9.1%
        Source: REcolorado as distributed by MLS GRID #2883651 Report a problem
        6/17/2025Listed for sale$5,500,000+400%
        Source: REcolorado as distributed by MLS GRID #2883651 Report a problem
        1/18/2013Listing removed$1,100,000
        Source: PROPERTIES OF COLORADO #791143 Report a problem
        5/30/2012Price change$1,100,000-42.1%
        Source: PROPERTIES OF COLORADO #791143 Report a problem
        4/3/2012Listed for sale$1,900,000
        Source: PROPERTIES OF COLORADO #791143 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 80831

        Getting around

        1 / 100
        Car-Dependent
        26 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: District 49

        Source: REcolorado as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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