Residential · Under Contract
Elbert, CO 80106
16 Beds · 10 Baths · 9,333 Sq Ft
$1,945,000
Single Family
Property Type
60 acres
Lot Size
1905
Year Built
$208
Price per Sq Ft
4
Parking Spaces
3754661
MLS #
About This Property
SELLER IS OFFERING A $100,000 UPGRADE ALLOWANCE to be used toward buyer-selected improvements on this beautiful historic Pine Run Ranch of Black Forest is situated on a rare 60-acre, park-like property with lush meadows, towering ponderosa pines and a large spring-fed pond and draw creating an incredible wildlife habitat. The property features six homes plus a professional equestrian facility with two barns, including a 3,328 SF barn with 15 indoor stalls, expansive indoor steel arena, 1,649 SF workshop/tack building and 8 loafing sheds. Substantial existing income stream with 5 homes leased to long-term tenants, one operating as a successful vacation rental, plus leased boarding/training facilities. Additional income potential includes the possibility of adding a wedding venue.
The six homes offer a combined 16 beds and 10 baths. Fully fenced acreage includes multiple paddocks and pastures. Two charming turn-of-the-century farmhouses feature beautiful architecture, wainscoting, crown molding and pastoral settings. The successful vacation rental, known as The Lodge, features exposed timber-beam vaulted ceilings, cedar walls, granite counters, updated kitchen and bath, open entertaining spaces and abundant natural light from clerestory windows.
Extensive updates include newer electrical, plumbing, paint, fencing, furnaces, water heaters, fiber optic internet, septic, roofs, appliances, fixtures and well pumps. Five homes and the barn have separate electric meters. Phenomenal close-in Black Forest location with convenient access to amenities. A rare opportunity to own substantial acreage with built-in income and tremendous future potential!
196 days on market
Listed by Michael Turner · LIV Sotheby's International Realty CO Springs · 719-578-8800
Property Details
| Property Type | Residential |
| Sub Type | Single Family Residence |
| Status | Active Under Contract |
| Price per Sq Ft | $208 |
| MLS # | 3754661 |
| Days on Market | 196 |
| Bedrooms | 16 |
| Full Baths | 9 |
| Half Baths | 1 |
| Above-Grade Sq Ft | 9,333 |
| Year Built | 1905 |
| Lot Size (Sq Ft) | 2,613,600 |
| Acres | 60 |
| HOA Fee | $0 |
| Annual Taxes | $6,131 |
| Tax Year | 2024 |
| State | CO |
| County | El Paso |
| Total Rooms | 30 |
| Interior Features | Beamed Ceilings, Crown Molding, Vaulted Ceiling(s), 9Ft + Ceilings, Great Room, Skylight (s) |
| Heating | Propane |
| Cooling | Ceiling Fan(s) |
| Fireplace Features | Pellet Stove, Wood Burning, Free-standing |
| Total Parking | 4 |
| Parking Features | Attached, Detached |
| Roof | Composite Shingle |
| Basement | Crawl Space |
| Lot Features | Corner Lot, Level, Meadow, Wooded |
| Construction | Frame |
| Sewer | Septic Tank |
| Water Source | Well |
| New Construction | No |
| Listing Terms | Cash, Conventional, VA Loan |
Location
Price History
| Date | Event | Price |
|---|---|---|
| 10/14/2026 |
Active Under Contract Source: elevateMLS #3754661 |
— |
| 10/14/2026 |
Active Under Contract Source: REcolorado® #5895553 |
— |
| 9/21/2026 |
Price change Source: elevateMLS #3754661 |
$1,945,000 -22.2% $208/sqft |
| 4/13/2026 |
Listed for sale Source: elevateMLS #3754661 |
$2,500,000 +28.5% $268/sqft |
| 4/12/2026 |
Listed for sale Source: REcolorado® #5895553 |
$1,945,000 $208/sqft |
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