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 Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 3,495 sqft
Price per Sqft $1,543
Subdivision Elizabeth
MLS Listing ID IR1014893
Bedrooms 4
Full Baths 2
Half Baths 2
Three Quarter Bath 1
Year Built 1995
Annual Tax Amount $13,313
Tax Year 2023
Lot Size 310.000 Acres
Property Description
The exquisite 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 ponderosas, 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
Zoning RUR HMST
Interior
Heating Forced Air,Propane
Cooling Ceiling Fan(s),Central Air
Flooring Wood
Equipment Home Theater,Satellite Dish
Laundry In Unit
Exterior
Exterior Feature Balcony
Garage Oversized,Oversized Door,RV Access/Parking
Garage Spaces 3.0
Fence Partial
Utilities Available Cable Available,Electricity Available,Internet Access (Wired)
Waterfront Description Stream
View Mountain(s),Plains,Water
Roof Type Spanish Tile
Building
Lot Description Flood Zone,Level,Meadow,Rolling Slope,Sprinklers In Front,Steep Slope
Story One
Sewer Septic Tank
Water Well
Structure Type Stone,Stucco,Wood Frame
Schools
Elementary Schools Singing Hills
Middle Schools Elizabeth
High Schools Elizabeth
School District Elizabeth C-1
Others
Acceptable Financing Cash,Conventional,FHA
Listing Terms Cash,Conventional,FHA