Rare opportunity to own a scenic 5+ acres in a horse friendly neighborhood, with mountain views, no HOA, with long and/or short-term rental potential (buyer to verify). This ranch-style home offers main-level living and is ideal for investors, multi-generational households, or buyers looking to build equity. A private attached mother-in-law suite provides flexible space for caregiving, guest use, or income generation. Each bedroom features its own full en-suite bathroom, offering a unique layout for privacy and future resale value. The unfinished walkout basement boasts 12-foot ceilings, abundant daylight, and is ready to become a second living space, entertainment area, or income-producing unit. The detached garage can accommodate up to 6 vehicles and includes a back workshop space—perfect for hobbyists or tradespeople. Several outbuildings on the property provide additional storage or could be converted into workshops or animal shelters. The septic system has been updated, and the property is zoned for horses. Peacefully nestled away yet located just minutes from Parker, Franktown, and Castle Rock, this property combines country living with convenience. The home has been well-loved over the years and the price allows the next owner to modernize and personalize while enjoying instant equity potential. Whether you're looking for a home with room to grow, a family compound, or a creative flip, this property checks all the boxes. Estate sale on-site June 19–21. Showings permitted during off-hours. Reach out to the listing agent or your buyer broker from more specifics. Buyer will not be able to see the entire unit during esate sale hours.
Sold for $650,000
$650,000
34586 Morgan Trail, Elizabeth, CO 80107
4beds
4,169sqft
Single Family Residence
Built in 1980
5.22 Acres Lot
$631,000 Zestimate®
$156/sqft
$3,571 Estimated rent
Home value
$631,000
$555,000 - $719,000
$3,571/mo
Zestimate® history
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$3,734/mo
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Zillow last checked:
Listing updated:
Listed by:
Melissa Brugh 303-521-3649,
eXp Realty, LLC
Bought with:
Other MLS Non-REcolorado
NON MLS PARTICIPANT
Source: REcolorado as distributed by MLS GRID,MLS#: 7315455
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
- Main level bathrooms: 3
- Main level bedrooms: 4
Primary bedroom
- Description: Off Main Side Of Home (2 Bed/ 2 Bath With Flex Room)
- Level: Main
Primary bedroom
- Level: Main
Primary bedroom
- Description: Rental Or Mil Quarters (1 Bed/1 Bath)
- Level: Main
Bedroom
- Description: Large Flex Space With Laundry
- Level: Main
- Area: 208.55 Square Feet
- Dimensions: 9.7 x 21.5
Primary bathroom
- Level: Main
Primary bathroom
- Level: Main
Primary bathroom
- Description: Rental Or Mil Quarters (1 Bed/1 Bath)
- Level: Main
Laundry
- Description: On The Rental Unit Or Mil Side
- Level: Basement
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Range
Features
- Basement: Bath/Stubbed,Crawl Space,Daylight,Unfinished,Walk-Out Access
- Number of fireplaces: 1
- Fireplace features: Wood Burning
Interior area
- Total structure area: 4,169
- Total interior livable area: 4,169 sqft
- Finished area above ground: 2,676
- Finished area below ground: 0
Property
Parking
- Total spaces: 8
- Parking features: Concrete, Oversized
- Attached garage spaces: 8
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered, Deck, Front Porch
- Fencing: Partial
- Has view: Yes
- View description: Mountain(s)
Lot
- Size: 5.22 Acres
- Features: Open Space, Suitable For Grazing
- Residential vegetation: Grassed, Mixed, Natural State
Details
- Parcel number: R109325
- Zoning: RA-1
- Special conditions: Standard
- Horses can be raised: Yes
- Horse amenities: Loafing Shed
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary
- Property subtype: Single Family Residence
Materials
- Brick, Concrete, Frame, Wood Siding
- Roof: Composition
Condition
- Fixer
- Year built: 1980
Utilities & green energy
- Water: Well
- Utilities for property: Cable Available, Electricity Connected, Internet Access (Wired), Propane
Community & neighborhood
Location
- Region: Elizabeth
- Subdivision: Cimarron
Other
Other facts
- Listing terms: 1031 Exchange,Cash,Conventional,USDA Loan
- Ownership: Estate
- Road surface type: Dirt
Price history
| Date | Event | Price |
|---|---|---|
| 7/14/2025 | Sold | $650,000+3.2%$156/sqft |
Source:  REcolorado as distributed by MLS GRID #7315455 Report a problem | ||
| 6/24/2025 | Pending sale | $630,000$151/sqft |
Source: REcolorado as distributed by MLS GRID #7315455 Report a problem | ||
| 6/19/2025 | Listed for sale | $630,000+282%$151/sqft |
Source: REcolorado as distributed by MLS GRID #7315455 Report a problem | ||
| 8/31/1999 | Sold | $164,900$40/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,623 +16.9% | $47,320 |
| 2023 | $3,099 -2.4% | $47,320 +22% |
| 2022 | $3,176 | $38,780 -2.8% |
| 2021 | -- | $39,900 -8.3% |
| 2020 | $3,485 -0.1% | $43,520 |
| 2019 | $3,487 +29.7% | $43,520 +31.1% |
| 2018 | $2,689 | $33,200 |
| 2017 | $2,689 -0.1% | $33,200 +4.9% |
| 2016 | $2,691 +18.7% | $31,650 |
| 2015 | $2,266 -0.1% | $31,650 +19.4% |
| 2014 | $2,267 | $26,510 |
| 2013 | -- | $26,510 -2.4% |
| 2012 | -- | $27,150 |
| 2011 | -- | $27,150 -6% |
| 2010 | -- | $28,870 |
| 2009 | -- | $28,870 -12.7% |
| 2008 | -- | $33,060 |
| 2007 | $2,644 | $33,060 +4.9% |
| 2006 | -- | $31,510 +4.2% |
| 2004 | -- | $30,230 -6.1% |
| 2003 | -- | $32,210 +2.2% |
| 2002 | -- | $31,510 +35.9% |
| 2001 | -- | $23,180 |
Find assessor info on the county website
Neighborhood: 80107
Nearby schools
GreatSchools rating
- 5/10Running Creek Elementary SchoolGrades: K-5Distance: 2 mi
- 5/10Elizabeth Middle SchoolGrades: 6-8Distance: 1.1 mi
- 6/10Elizabeth High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- Elementary: Running Creek
- Middle: Elizabeth
- High: Elizabeth
- District: Elizabeth C-1
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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Estimated market value
$631,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$631,000
- Colorado
- Elbert County
- Elizabeth
- 80107
- 34586 Morgan Trail
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