UPDATED:
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Subdivision Falcon Ranchettes
MLS Listing ID IRE9500534
HOA Y/N No
Annual Tax Amount $3,832
Tax Year 2024
Lot Size 5.540 Acres
Acres 5.54
Property Sub-Type Unimproved Land
Source ires
Property Description
5.54-acre investment-grade parcel in Falcon Ranchettes offering strong upside potential and multiple exit strategies. Located at the end of a quiet cul-de-sac, this lot features unobstructed Front Range and Pikes Peak views-premium attributes that directly support higher resale value and end-buyer demand.
Key advantage: major infrastructure is already complete. A new septic system and on-site electric pedestal significantly reduce development timelines, upfront costs, and overall project risk. This allows for faster execution and less capital exposure compared to raw land.
Zoned RR-5 with no HOA, the property offers maximum flexibility-ideal for a high-end spec build, build-to-rent, custom home, or long-term hold. The acreage and zoning support higher-margin residential product in a market where usable land is becoming increasingly scarce.
The growth story is clear. The Meridian, Woodmen, and Powers corridor continues expanding with active commercial and residential development pushing east. This property sits directly in that path, positioning it for appreciation as demand and infrastructure continue to move outward.
Strong access, partial utilities in place, and surrounding development already underway make this a strategic acquisition-not speculative fringe land.
A historical well exists but is not currently permitted; buyer to evaluate feasibility and costs. Buyer to verify zoning, land use, and future development potential with El Paso County.
Bottom line: reduced development friction, flexible use, and located in a proven growth corridor-this is a calculated investment with clear paths to profit.
Location
State CO
County El Paso
Community Falcon Ranchettes
Area Out Of Area
Zoning RR-5
Direction From Woodman Rd, to Meridian Rd onto Owl Place at the end of the cup de sac on the right.
Exterior
Parking Features None
Utilities Available Electricity Available
View Y/N No
Garage No
Building
Sewer None
Water Well, None
New Construction false
Schools
High Schools Falcon District 49
School District Falcon District 49
Others
Acceptable Financing Cash, Conventional, VA, Seller Financing
Listing Terms Cash, Conventional, VA, Seller Financing
Special Listing Condition Private Owner
Nearby Locations
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