39848 Swift Creek Cir Active Save Request In-Person Tour Request Virtual Tour
Elizabeth,CO 80107
Key Details
Property Type Single Family Home
Sub Type Residential-Detached
Listing Status Active
Purchase Type For Sale
Square Footage 3,495 sqft
Price per Sqft $1,686
Subdivision Elizabeth
MLS Listing ID 1014893
Style Ranch
Bedrooms 4
Full Baths 2
Half Baths 2
Three Quarter Bath 1
Year Built 1995
Annual Tax Amount $13,313
Lot Size 310.000 Acres
Property Description
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.
Location
State CO
County Elbert
Area Metro Denver
Zoning RUR HMST
Rooms
Family Room Ceramic Tile Floor
Other Rooms Storage,Outbuildings
Dining Room Wood Floor
Kitchen Wood Floor
Interior
Heating Forced Air
Cooling Central Air,Ceiling Fan(s)
Flooring Wood Floors
Fireplaces Type 2+ Fireplaces
Laundry Sink,Washer/Dryer Hookups,Lower Level
Exterior
Exterior Feature Balcony
Parking Features Garage Door Opener,RV/Boat Parking,>8' Garage Door,Oversized
Garage Spaces 3.0
Fence Partial
Utilities Available Electricity Available,Propane,Cable Available
Waterfront Description Abuts Stream/Creek/River
View Mountain(s),Plains View,Water
Roof Type Tile
Building
Lot Description Lawn Sprinkler System,Water Rights Included,Wooded,Level,Rolling Slope,Sloped,Steep Slope,Abuts Farm Land,Meadow,Stream,Waterfront,Pond on Lot,Waterfall
Story 1
Sewer Septic
Water Well,Private Wells
Structure Type Wood/Frame,Stone,Stucco
New Construction false
Schools
Elementary Schools Singing Hills
Middle Schools Elizabeth
High Schools Elizabeth Sr
School District Elizabeth C-1
Others
Special Listing Condition Private Owner