Set on 36 highly productive acres, this property offers a rare combination of water, infrastructure, and peaceful country living in the unbeatable Western Colorado setting. With 27 shares of UVWUA irrigation water, a large pond, and an advanced irrigation system featuring buried pressurized pipe and a comprehensive drip network with filtration delivered through the convenience of a dedicated pump house, the groundwork is in place for continued agricultural success across a wide variety of crops and ventures. Adding to the income potential, four large grain bins are currently leased to Producer’s Co-op, generating $4,500 annually in passive income. The improvements on the property provide outstanding flexibility for agricultural, residential, or a mixed use arrangement. The sprawling ±15,000 sq ft shop offers mostly clear-span space, multiple large access doors, and is partially equipped with plumbing for a ½ bath and 4–5 zones of in-floor heat (boiler needed). The shop also features a built-out office area with overhead mezzanine storage (~60'x25'), plus an additional expansive mezzanine (~75'x16') along the west wall. This building is ideal for equipment storage, operations, or future build-out. Whether you're running a business, storing toys, or envisioning a custom barndominium, this space is ready to adapt to your needs. Complementing the shop is an approximately 6,000 sq ft greenhouse, opening the door for year-round growing or specialty agricultural ventures. The original farmhouse, fully remodeled in 2007, is a well-maintained 3-bedroom, 1-bath home perched in a peaceful setting along the escarpment. Enjoy sweeping panoramic views of the West Elks, Buckhorn, Cimarrons, Grand Mesa, and surrounding farmland its truly an inspiring backdrop filled with abundant wildlife and natural beauty. With its combination of strong water rights, proven productivity, diverse improvements, income potential, and unbeatable views, this property presents a unique opportunity at an exceptional value rarely seen. Schedule your private showing today and explore the possibilities.
Active
$1,250,000
3998 5500 Road, Olathe, CO 81425
3beds
1,463sqft
Stick Built
Built in 1920
36.01 Acres Lot
$-- Zestimate®
$854/sqft
$-- HOA
What's special
Dedicated pump houseLarge pondUnbeatable viewsMultiple large access doors
- 65 days |
- 176 |
- 7 |
Zillow last checked:
Listing updated:
Listed by:
Aaron Tobler 970-275-0780,
RE/MAX Alpine View
Source: CREN,MLS#: 833785
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Interior area
- Total structure area: 1,463
- Total interior livable area: 1,463 sqft
Property
Parking
- Total spaces: 20
- Parking features: Detached Garage
- Garage spaces: 20
Features
- Levels: One
- Stories: 1
- Has view: Yes
- View description: Mountain(s), Valley
- Has water view: Yes
- Water view: Lake/Pond/Reservoir
- Waterfront features: Pond
Lot
- Size: 36.01 Acres
Details
- Additional structures: Barn(s), Kennel/Dog Run, Greenhouse, Metal Building, Play House, RV/Boat Storage, Shed(s), Woodshed, Workshop
- Parcel number: 349336300011
- Zoning description: Agriculture,Residential Single Family
- Horses can be raised: Yes
- Horse amenities: Corral(s)
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Raised Ranch
- Property subtype: Stick Built
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Sewer: Engineered Septic
- Water: Public
- Utilities for property: Electricity Connected, Internet, Phone - Cell Reception, Propane-Tank Leased
Community & HOA
Community
- Subdivision: Other
HOA
- Has HOA: No
Location
- Region: Olathe
Financial & listing details
- Price per square foot: $854/sqft
- Tax assessed value: $194,480
- Annual tax amount: $8,094
- Date on market: 4/20/2026
- Has irrigation water rights: Yes
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
$1,849/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/20/2026 | Listed for sale | $1,250,000-5.7%$854/sqft |
Source: | ||
| 12/4/2022 | Listing removed | -- |
Source: | ||
| 8/16/2022 | Price change | $1,325,000-7%$906/sqft |
Source: | ||
| 3/10/2022 | Price change | $1,425,000-26.9%$974/sqft |
Source: | ||
| 2/6/2022 | Listed for sale | $1,950,000$1,333/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2017 | $1,898 | $29,660 +0.4% |
| 2016 | $1,898 +16% | $29,530 +4.6% |
| 2015 | $1,636 +151.3% | $28,220 +134.8% |
| 2014 | $651 -0.2% | $12,020 |
| 2013 | $652 -18.9% | $12,020 -24.2% |
| 2012 | $804 | $15,850 -17.7% |
| 2011 | -- | $19,250 |
| 2010 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.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: 81425
Nearby schools
GreatSchools rating
- 4/10Olathe Elementary SchoolGrades: PK-5Distance: 4.3 mi
- NAOlathe Middle SchoolGrades: 6-8Distance: 4.1 mi
- 5/10Olathe High SchoolGrades: 6-12Distance: 4.7 mi
Schools provided by the listing agent
- Elementary: Olathe K-5
- Middle: Olathe 6-8
- High: Olathe 9-12
Source: CREN. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Colorado
- Montrose County
- Olathe
- 81425
- 3998 5500 Road






