Estimate anchored to the listed price ($1,595,000) with a +/-10-12% range based on typical dispersion for improved 40-acre ranches near Elbert and recent rural Denver-metro market behavior. No live comps pulled; estimation uses property size, improvements, and regional market knowledge.
Cave Spring Ranch — 40 Acres with Studio, Shop & Pole Barn
Cave Spring Ranch — a substantial 40-acre offering in rural Elbert — pairs modern, comfortable living with immediate, practical outbuildings for equipment, livestock, and short-term rental income. The primary ranch-style residence (built 2019) provides an expansive footprint — the listing reports 9,180 total square feet of structure with roughly 7,770 sq ft finished living space (4,590 sf main level; 3,180 sf south-facing walkout). The structured data lists 8 bedrooms and 10 bathrooms (the narrative references 9 bedrooms; please confirm with the seller), making the layout ideal for large family living, retreats, or multi-unit hosting.
Beyond the main house the property includes a private 40x30 studio apartment, perfect as a guest suite or independent rental; a 40x60x16 insulated & heated metal shop with concrete floor, full insulation, and two 14-foot overhead doors; a 42x64 pole barn for covered equipment storage; and a 12x24 chicken coop. The shop is configured with a dedicated workshop zone and shelving — equipment and recreational vehicles are easily accommodated. The parcel’s level terrain, scattered ponderosa pines, and west-facing Front Range vistas (including views of Pikes Peak) combine productive acreage with dramatic scenery.
This ranch has been used, in part, as a short-term vacation rental and is well-positioned for buyers who want a turnkey mix of lifestyle and revenue. With multiple living areas and extensive barns/shops, the property supports equestrian pursuits, hobby farming, or a robust equipment/vehicle footprint without immediate capital expenditure. Road access is typical for the area; services and shopping are available in nearby towns (Elbert, Elizabeth) with broader amenities reachable in Parker and Castle Rock.
Practical notes: the property is listed at $1,595,000. Prospective buyers should request well/water documentation, septic/permitting records and confirm bedroom counts and finished square footage during inspection. For ranch buyers seeking space, usable infrastructure, and modern living — all within driving distance of the Denver metro — Cave Spring Ranch is a rare combination of scale, function, and scenic appeal. Contact listing agent James Digby for showing details and property records.
A 2019 ranch on 40 acres.
Building
Site & utilities
Cave Spring Ranch / Rural Elbert
Researched nearby locations
Location
24965 Cave Spring Trl, Elbert, CO 80106
The area around Cave Spring Trail is rural Elbert County: open plains with scattered trees, ranch parcels, and limited commercial development. Residents are drawn to privacy, large lots, and proximity to the Front Range. Local towns such as Elbert and Elizabeth provide basic services; larger retail, medical, and dining are a short drive to Parker and Castle Rock. The neighborhood attracts hobby farmers, equestrian owners, and buyers seeking a country lifestyle within reach of the Denver metro.
Excellent on-site recreation options for riding, hiking and outdoor equipment; Front Range trails and additional open-space recreation are within a reasonable drive.
A factual market snapshot around 24965 Cave Spring Trl.
Rural Elbert and the southeast Denver-orbit have seen steady interest from buyers seeking acreage and privacy. Inventory for improved ranches is often limited, which supports price stability for turnkey properties with usable barns and modern homes. Buyer demand typically comes from a mix of equestrian/hobby-farm purchasers and families relocating from suburban Denver seeking more land. Median prices for similar improved parcels will vary widely by acreage and improvements — expect marketed values for well-equipped 30–50 acre ranches in the Denver-adjacent plains to range from the low $1M to $2M+ depending on finished residence, water rights and outbuildings. This property’s combination of a modern house, studio apartment and significant shop/pole barn place it competitively in that bracket.
Rural/agricultural/residential ranch zoning likely allowing single-family dwellings, agricultural uses, accessory structures and equestrian uses (typical for Elbert County rural parcels).
Zoning
Research-indicated uses
- Single Family Residential
- Accessory Buildings (Shops, Barns)
- Agricultural And Equestrian Uses
- Short Term Rental Likely Allowed With County/Permit Review
What the research supports — and what is still worth verifying.
Key findings
- List price: $1,595,000 (structured data).
- Parcel: 40 acres (1,742,400 sqft).
- Building: 9,180 total SF reported with ~7,770 SF finished living area (listing narrative).
- Reported bedrooms/baths: 8 beds / 10 baths (structured fields); listing narrative references 9 bedrooms—verify.
- Significant outbuildings: 40x60 heated metal building, 42x64 pole barn, 40x30 studio apartment, 12x24 chicken coop.
- Built in 2019 (recent construction).
What stands out about this property.
Interior Features
- Approximately 7,770 sq ft finished living area (per listing narrative)
- Multiple suites: 8 bedrooms reported; 10 bathrooms
- South-facing walkout basement with additional living space (approx. 3,180 sf)
- Spacious main level footprint (~4,590 sf) suited for multi-gen living
Exterior & Lot
- 40 acres of level terrain with native grass and scattered ponderosa pine
- 40x60x16 insulated & heated metal shop with 14' overhead doors and concrete floor
- 42x64 pole barn and 12x24 chicken coop
- Separate 40x30 studio apartment — rental or guest suite potential
Location & Neighborhood
- Rural Elbert County setting—privacy and wide-open views
- Nearby small towns: Elbert, Elizabeth; larger retail/medical in Parker/Castle Rock
- Front Range and Pikes Peak views from property
- Commutable for buyers tolerant of rural drives to Denver-area jobs
Walkability & Recreation
- Walkability Rating: 10/100
- Extensive on-site recreation: riding, hiking, shooting range potential, hobby farming
- Nearby outdoor recreation: Front Range trails and open space within driving distance
Sources & research confidence.
See where the property research came from and how confidence varies by field.