Estimated payment $4,398/month
About This Lot
A true developer’s dream! This 2.89-acre parcel is ahead of the game with R-3 zoning (Residential/Manufactured/Modular/Factory-Built High Density), a topographic survey, updated title commitment, geotechnical soils report, utility mains stubbed to or adjacent (water, sewer, gas, electric, telecom, irrigation), and a fully constructed CDOT-approved subdivision entrance off Main Street—representing over $200,000 in pre-development value. Preliminary traffic engineering suggests potential for 24 single-family homes, 36 apartments/townhomes/condos, or 36 detached tiny homes (1–2 bedroom), or a combination. As the only R-3 zoned property on Main Street in the downtown business district, this is a rare high-density residential opportunity in the heart of town—within walking distance to restaurants, shops, transit, and amenities. Perched above Main Street, the property offers scenic Colorado River valley and mountain views. Includes two municipal water taps (valued at $25,700) and income-producing storage garages generating approximately $700/month.
Listing Agent
Adam Lowe
Lowes Flat Fee Realty Listed on: 02/24/2026
Property Details
Property Type
- Land
Est. Annual Taxes
- $5,860
Lot Details
- 2.89 Acre Lot
Schools
- Cactus Valley K-4 Elementary School
- Riverside School 5-8 Middle School
- Coal Ridge 9-12 High School
Listing and Financial Details
- Security Deposit $10,000
- Assessor Parcel Number 217910145002
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/24/2026 02/24/26 | For Sale | $759,000 | +279.5% | -- | |
| 06/15/2022 06/15/22 | Sold | $200,000 | -16.3% | -- | View Prior Sale |
| 05/12/2022 05/12/22 | Pending | -- | -- | -- | |
| 05/18/2021 05/18/21 | For Sale | $239,000 | -- | -- |
Source: Colorado Real Estate Network (CREN)
MLS Number: 831878
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Ask me questions while you tour the home.