$899,000
SOLD JUN 12, 2019

53582 Falcon Rd Olathe, CO 81425

14 Acres
$65,620 Price per Acre
596,772 Sq Ft Lot

Recently Sold

$103 Per Sq Ft

272 Days on Market

Highlights

  • Waterfront
  • Mountain View
  • 13 Irrigated Acres
  • 13.7 Acre Lot
  • Crops Farm
  • Stream Seasonal

About This Lot

As of June 2019

The Garrett Estates Cellars winery is known for producing some of the nicest wines in Western Colorado. Winners of many awards and medals, Garrett Estates produces Pinot Noir, Pinot Grigio, Cabernet Sauvignon, Riesling, Merlot, GewíƒÂ¼rztraminer, and Chardonnay. The winery is a state-of-the-art 7,475-square-foot facility complete with grape presses, fermenting vats, chilling room, barrel storage, bottling facility, storage, and a 1,600-square-foot tasting room with two half-baths that doubles as an event center. The winery is situated on a 13.7-acre tract that is all in grapevines other than the parking lot and driveway, plus a small building site to the south that would serve as a great homesite for a new owner. The winery is being offered for sale with its labels and books, or it can be purchased as a new entity. Currently the winery is producing about 3,000 cases of wine a year, but the facility is capable of producing up to 7,000 cases a year. The owner is offering $250,000 (wholesale value) in a separate purchase of unlabeled bottled inventory to allow a new owner a quick start in the winemaking business. The building itself cost over $1.2 million to build, not including the mature grapevines; this business is offered at a substantial discount. The building, grounds, and grapevines are well maintained and in excellent condition. The setting is beautiful, as the property is near the end of Falcon Road and very close to thousands of acres of public lands. The adjacent property also has about 17 acres of grapes, which would be a natural source of wine grapes for more cases of wine.

Last Agent to Sell the Property

Gary Hubbell, ALC

United Country Colorado Brokers, Inc. Listed on: 08/28/2018

United Country Colorado Brokers, Inc.

Co-Listed By

Robert Gash

Western Land & Lifestyle Properties

Last Buyer's Agent

Robert Gash

Western Land & Lifestyle Properties

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $9,059

Lot Details

  • 13.7 Acre Lot
  • Waterfront
  • Property is Fully Fenced
  • Property is zoned Commercial

Property Views

  • Mountain
  • Valley

Schools

  • Olathe K-5 Elementary School
  • Olathe 6-8 Middle School
  • Olathe 9-12 High School

Farming

  • Crops Farm
  • 13 Irrigated Acres
  • Packing Shed

Utilities

  • Heating System Powered By Owned Propane
  • Irrigation Water Rights
  • Engineered Septic
  • Septic System
  • Internet Available
  • Phone Available

Community Details

  • Stream Seasonal

Listing and Financial Details

  • Security Deposit $20,000
  • Assessor Parcel Number 372522101003

Property Details

Property Type

Land

Est. Annual Taxes

$9,059

Lot Details

0

Listing Details

  • Class: Land
  • Elevation: 5600
  • Em Holder: title company
  • Legal Lot Block: GARRETT MINOR SUBD Lot: 3 S: 22 T: 50 R: 11
  • Lot Dimension: 13.7
  • Lot Size Acreage: 11-20 Acres
  • Parcel Id Number: 372522101003
  • Street Descriptionaccess: County, Gravel
  • Street Designation: Road
  • Waterfront Type: Seasonal Stream/Spring
  • Zoning: Commercial
  • Domestic Sewer: Engineered Septic
  • Domestic Water: Public, Tap Installed
  • Type: Agricultural
  • Half Bathrooms: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Estimated Irrigation Acres: 13
  • Estimated Total Acres: 13.7
  • Current Property Use: Ag/Row Crops, Mountain Recreation, Commercial, Irrigated Farmland
  • Em Deposit: 20000
  • Possible Property Use: Commercial, Mountain Recreation, Ag/Row Crops, Aglivestock, Hay Pasture/Prod., Irrigated Farmland
  • Water Rights Irrigation: Yes
  • Income Producing: Yes
  • Irrigation Systemrights: Early Water, Late Water, Sprinklers/Big Gun, Pump
  • Irr Water Descamnt: 10.7
  • Mineral Rights: Unknown
  • Price Acre: 65620.44
  • Modularmobile Allow: Both
  • Outbuildngsstructures: Packing Shed, Metal Building
  • Price per Sq Ft: 1.51
  • Sewer Paid: Yes
  • Sewerseptic In: Yes
  • Sold Priceacre: 65620.44
  • Water Tap Available: Yes
  • Water Tap Installed: Yes
  • Lvt Date: 08/30/2018
  • Total Taxes Dollar: 9059
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Full Bathrooms: 0

Exterior Features

  • Fence: Full Property
  • Views: Mountains, Valley
  • Waterfront: Yes

Utilities

  • Utilities: Electricity, Phone, Internet, Propane-Tank Owned, Phone - Landline, Phone - Cell Reception
  • Water Tap Paid: Yes
  • Electric Supplier: Delta-Montrose Electric Association
  • Gas Supplier: Propane
  • Irrigation Water District: Uncompahgre
  • Water Supplier: Tri-County Water Conservancy

Schools

  • Elementary School: Olathe K-5
  • Middle School: Olathe 6-8
  • High School: Olathe 9-12
  • High School: Olathe 9-12

Tax Info

  • Tax Year: 2018

MLS Schools

  • Elementary School: Olathe K-5
  • Middle School: Olathe 6-8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 6, 2024
Sold by
Jackson Randal M and Slyder Stephen V
Bought by
Grandview Mesa Llc
Source: Public Records

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed -- Land Title Guarantee
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2025 07/09/25 Price Changed $2,600,000 -44.7% $74 / Sq Ft
05/28/2025 05/28/25 Price Changed $4,699,000 +161.1% $112 / Sq Ft
02/06/2025 02/06/25 For Sale $1,800,000 -66.0% $51 / Sq Ft
02/04/2025 02/04/25 For Sale $5,295,000 +489.0% $127 / Sq Ft
06/12/2019 06/12/19 Sold $899,000 0.0% $103 / Sq Ft
05/27/2019 05/27/19 Pending -- -- --
08/28/2018 08/28/18 For Sale $899,000 -- $103 / Sq Ft
Source: Colorado Real Estate Network (CREN)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $13,775 $196,570 $6,660 $189,910
2023 $12,853 $204,190 $6,800 $197,390
2022 $9,763 $155,100 $5,750 $149,350
2021 $9,827 $155,380 $6,030 $149,350
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Colorado Real Estate Network (CREN)

MLS Number: 749855

Colorado Real Estate Network (CREN)

APN: R0024940