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627 Little Prospect Rd - Opportunity Zone Estate Acreage Colorado

14.42 Acres of Residential Land Offered at £1,326,253 in Estes Park, CO 80517

Investment Highlights

  • Shovel-ready for opportunity-zone investment with horizontal infrastructure under construction and/or adjacent to site.
  • 4.5 million visitors to/through RMNP annually, up from 3.0 million in 2010
  • Gentle, South-facing slope with gorgeous views to Mary’s Lake, Lily Mountain, and beyond.
  • Build 1 to 5 units with current zoning; Develop and sell 15-25 lots if you'd prefer annexation into Town of Estes Park
  • “Top 5” Retirement Towns in Colorado (2023)

Executive Summary

Prime Investment Opportunity in Colorado's #1 tourist destination for those looking to shelter gains within an Opportunity Zone. Annexation into town of Estes Park and new zoning possible to develop at 1/2 - 1 acre lots.

Property Facts

Price £1,326,253
Sale Type Investment or Owner User
Sale Conditions Distress Sale
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 14.42 AC
Opportunity Zone Yes

1 Lot Available

Lot 3402100023

Price £1,326,253
Price Per AC £91,973
Lot Size 14.42 AC

14.42 acres of gentle, South-facing slope with views to Mary’s Lake, Lily Mountain, and beyond. An incredible opportunity unlike any other in Colorado to purchase large-lot, residential acreage just outside of Rocky Mountain National Park.

Description

Summary: Colorado Opp. Zone: Census Tract 002802 Sale Price: $1,695,000 ($117,545 / ac) Acreage (total) 14.42 AC Proposed Use: Residential Current Density: 1 d.u. / 2.5AC Future Zoning: 1 d.u. / 0.5 - 1.5 AC Investment Highlights: - Shovel-ready for opportunity-zone investment with horizontal infrastructure under construction and/or adjacent to site. - Located in Estes Park, CO next to Mary’s Lake and a 5-minute drive to Rocky Mountain National Park (RMNP) plus historic attractions - Build 1 to 5 units over time; All gains at future sale date(s) are tax-free - 4.5 million visitors to/through RMNP annually, up from 3.0 million in 2010 - “Top 5” Retirement Towns in Colorado (2023) - Gentle, South-facing slope with gorgeous views to Mary’s Lake, Lily Mountain, and beyond. This is an incredible opportunity unlike any other in Colorado to purchase large-lot, residential acreage just outside of Rocky Mountain National Park. Size and zoning of parcel allows you to build your personal residence or business-oriented rental propert(ies). Utilities present at property boundary such that any future improvements to infrastructure (i.e. paving, sewer, septic, and/or water) allows immediate fulfillment of the IRS’ well-established OZ precedent of “more than an insubstantial amount in land improvement” requirement. Excellent location directly across the street from beautiful Mary’s Lake, on gentle South-facing slope, and with views to Lily Mountain (elev. 9,786’) and beyond. Located within unincorporated Larimer County and adjacent to Town of Estes Park; a 5-minute drive to RMNP entrance or 6-minutes from main street Estes Park (Elkhorn Dr.) See overview and character shots of the property for the beautiful granite outcroppings, old-growth pine trees, native vegetation and incredible wildlife. For sale by local, current ownership

zoning

Zoning Code EV-RE (EV-RE: Rural Estate: 1 d.u. per 2.5 acres. ** Annexation and new Zoning supported at 1.d.u. per 0.5 - 1.0 acres, as is all surrounding land. **)
EV-RE (EV-RE: Rural Estate: 1 d.u. per 2.5 acres. ** Annexation and new Zoning supported at 1.d.u. per 0.5 - 1.0 acres, as is all surrounding land. **)
  • Listing ID: 31902633

  • Date on Market: 23/05/2024

  • Last Updated:

  • Address: 627 Little Prospect Rd, Estes Park, CO 80517

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