31 ACRES OF DEVELOPMENT LAND INCLUDING WATER RIGHTS SUITABLE FOR 40 HOMESITES! This property consists of a 2028 square foot ranch home, horse stable, farm equipment shed and various cattle sheds on 31 acres of prime development land. The value of this property is in the land and adjudicated water rights, which the Town of Castle Rock has deemed suitable for up to a 40 lot subdivision. Richmond American Homes is building high density single family homes in the area and selling them fast, so this is a proven, high growth area in the Town city limits. The land is surrounded by Cobblestone Ranch on the North, East and West and it backs up to Douglas County open space on the South. New homes in the surrounding area are selling in the $500k to $650k range on typical 8000 square foot sites. Directly to the west of the subject property, one and two acre lots are platted for even more expensive homes! It is very rare to find a property that is in this position of growth in Douglas County!
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