120-Acre Ranch with Endless Potential! Welcome home to this extraordinary 120-acre working ranch in Elbert County, just outside Elizabeth - one of Colorado's fastest-growing towns! With rolling hills, groves of mature pines, two tranquil ponds, and abundant wildlife, this property offers the kind of serenity and space rarely found for those longing for wide open spaces or the more adventurous dreamers - picture a wedding or event venue like no other, a wellness retreat with walking or riding trails along rolling terrain, or subdivide into 5 or 10 acre-parcels with shared amenities for the ultimate commune! Currently home to a nonprofit horse sanctuary, this ranch combines functionality, heart, and vision. Key features include gated entrance offering privacy and presence, approx. 70 fenced acres that include 2 large pastures and 9 spacious dry lot paddocks, approx. 30 unfenced acres, ideal for expansion, 2 wells and 2 septic systems in place, upgraded electric and water systems, including lines to all paddocks for heated winter tanks and simplified year-round care, and tremendous development potential. On site, you'll find a plethora of structures to meet various homesteading needs - a Quonset hut with 220 power and half bath, currently used for hay storage, and an 8-stall barn with 12x12 stalls and a 12-ft aisle, plus additional space at the front for more stalls or a custom feed/tack room. The 3-bedroom, 3-bath ranch-style home with walk-out basement awaits your creativity and upgrades; enjoy stunning morning sunrises from the deck, connected to a charming gazebo, ideal for peaceful mornings or outdoor entertaining under the clearest skies around! This is an excellent opportunity for a buyer with vision who's ready to make it their own! Proceeds from the sale will directly support the rehoming and sustainability of the nonprofit equine sanctuary; your purchase secures your future and helps the horses secure theirs. This is more than land. It's a legacy in motion!
Lot FeaturesRolling Slope, Abuts Public Open Space
Garage spaces20
Other StructuresOutbuildings
ViewMountain(s), Plains View
CITYElizabeth
SUBDIVISIONElizabeth
COUNTYElbert
AREAMetro Denver
STATECO
SENIOR COMMUNITYNo
TAX AMOUNT4325.0
LATEST UPDATE2025-06-26T23:45:19.540Z
DAYS ON MARKET1
PRICE CHANGE(S)
$4,000,000 Jun 26, 2025
Market Trends
New Properties On Market
49
53%
Increase In New Listings
Average Asking Price
$993,673
$112,759 Increase In Avg Asking Price
Average Asking Price / Sq. Ft.
$295
$34 Increase In List Price/Sq. Ft.
Average Days On Market
8
19 Day
Decrease In Days On Market
Data as of Jul 04, 2025.
Remaining statistics above are calculated on activity within the period from May 01, 2025 to Jun 30, 2025.
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