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Jacqueline Fazendin

jacqueline.fazendin@engelvoelkers.com +1(612) 481-1955

$ 5,895,000

Est. payment -/mo

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Active

39848 Swift Creek CIR Elizabeth, CO 80107

4 Beds

5 Baths

3,495 SqFt

UPDATED:

10/29/2024 02:21 AM

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 $1,686

Subdivision Elizabeth

MLS Listing ID IR1014893

Bedrooms 4

Full Baths 2

Half Baths 2

Three Quarter Bath 1

HOA Y/N No

Abv Grd Liv Area 3,495

Originating Board recolorado

Year Built 1995

Annual Tax Amount $13,313

Tax Year 2023

Lot Size 310.000 Acres

Acres 310.0

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

Zoning RUR HMST

Rooms

Main Level Bedrooms 2

Interior

Interior Features Eat-in Kitchen, Kitchen Island, Open Floorplan, Pantry, Vaulted Ceiling(s), Walk-In Closet(s), Wet Bar

Heating Forced Air, Propane

Cooling Ceiling Fan(s), Central Air

Flooring Wood

Equipment Home Theater, Satellite Dish

Fireplace N

Appliance Bar Fridge, Dishwasher, Disposal, Double Oven, Down Draft, Dryer, Microwave, Oven, Refrigerator, Self Cleaning Oven, Trash Compactor, Washer

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

Total Parking Spaces 3

Garage Yes

Building

Lot Description Flood Zone, Level, Meadow, Rolling Slope, Sprinklers In Front, Steep Slope

Sewer Septic Tank

Water Well

Level or Stories One

Structure Type Stone,Stucco,Wood Frame

Schools

Elementary Schools Singing Hills

Middle Schools Elizabeth

High Schools Elizabeth

School District Elizabeth C-1

Others

Ownership Individual

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Listed by Coldwell Banker Realty-Boulder • 7209345712

Jacqueline Fazendin

Advisor

+1(612) 481-1955

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