Active
39848 Swift Creek Circle
Elizabeth CO, 80107
$5,895,000
$833.22 per sqft
Active
4 Beds
5 Baths
7,075 sqft
Multi-family
Built in 1995
Adjusted value Swift Creek Farms Equestrian Estate includes 310.25+/- acres, a gorgeous 7,075 SF 4BR, 5BA Executive Home, a 2,778 SF Duplex, a 26K SF Equestrian Facility, and Hay Barn. The distinctive park-like setting includes a variety of amenities including ponderosa, cottonwoods, ponds, abounding wildlife, and 1 mi. of creek with three waterfalls coursing through the property. The 4BR 5BA custom residence has 7,075 SF of high-end finishes, two fireplaces, two wet bars, an endless pool, home theatre, a second kitchen/laundry area on lower level, large storage room, a large sunroom, and an oversized 3 car garage. The 26,000 SF, 17 stall equestrian facility has 6 paddocks, a one-mile-long trotting or running track, trails, two offices, and indoor arena, men's and women's bathrooms and an indoor viewing lounge with water and refrigerator. The adjacent Duplex features a 3BR, 2BA unit, and a 2BR 1BA unit with a 2-car garage. There are 4 wells and adjudicated water rights drawing from 2 aquifers. Buyer of this magnificent and unique estate can utilize it as a private residence with substantial income as land values increase over time, and short- or long-term development options can ensure highly profitable ownership. There have been discussions with Elbert County on development of the property into high-end custom home sites. One vision is to create a sanctuary/nature preserve using the equestrian facility as a center of activity and available for homeowners with horses or equine requirements. Conservation easements can generate large federal and state tax credits.The Equestrian Center can be for personal use or rented for an income of $10K per mo. The 2 BR, 1BA unit in the duplex is valued at $1,600 per mo, and the 3 BR, 2BA unit would fetch approx $2,600. Income generated via grazing or hay sales would be approx $250 per mo. Total revenue from these rentals could be $14,450 per month or $173,000 per annum + the generous tax benefits associated with income property.
IR1014893
MLSⓇ ID
July 23, 2024
Listed
December 23, 2024
Updated
Map
39848 Swift Creek Circle
Elizabeth CO, 80107
Interior Features
Total Stories
1
Bedrooms
4
Total Bathrooms
5
Full Bathrooms
2
Half Bathrooms
2
Three-Quarter Bathrooms
1
Interior Features
Eat-in Kitchen, Kitchen Island, Open Floorplan, Pantry, Vaulted Ceiling(s), Walk-In Closet(s), Wet Bar
Appliances
Bar Fridge, Dishwasher, Disposal, Double Oven, Down Draft, Dryer, Microwave, Oven, Refrigerator, Self Cleaning Oven, Trash Compactor, Washer
Laundry Description
In Unit
Floor Description
Wood
Fireplace
No
Cooling
Yes
Cooling Description
Ceiling Fan(s), Central Air
Heating
Yes
Heating Description
Forced Air, Propane
Exterior/Building Features
Lot Size
310 Acres
Lot Features
Flood Zone, Level, Meadow, Rolling Slope, Steep Slope
Roof
Spanish Tile
Sewer
Septic Tank
School Information
School District
Elizabeth C-1
High School
Elizabeth
Elementary School
Singing Hills
Other Property Details
Taxes
$13,313
Tax Frequency
Annually
Garage
Yes
Garage Spaces
3
Parking Total
3
View
Yes
View Description
Mountain(s), Plains, Water
County
Elbert
Water Source
Well
Pool
No
Waterfront
Yes
Zoning
RUR HMST
Listing History
Date | Event | Price |
|---|---|---|
10/29/2024 | Price change | $5,895,000 9% |
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Data last updated 4:40 PM UTC, 12/23/2024
