Homes/Colorado/Elbert/24965 Cave Spring Trl
CompCasa Property Analysis · single_family

24965 Cave Spring Trl

Cave Spring Ranch — 40 Acres with Studio, Shop & Pole Barn

Turnkey 40-acre ranch with modern home, shop, and separate studio apartment.

8 beds10 baths9,180 sq ftBuilt 201940 acresNo attached garage. Large detached 40x60 heated shop and 42x64 pole barn provide covered parking and workspace.
CompCasa valuation analysis
Estimated market value
$1,595,000
Low $1,430,000 · Midpoint $1,595,000 · High $1,760,000
Confidence65%Sales comparison approach
CompCasa estimate$1,595,000Mar 14, 2026
$1,430,000$1,595,000 midpoint$1,760,000
Price / sq ft$174

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.

About the property

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.

Property details

A 2019 ranch on 40 acres.

Building

Year built2019
ConstructionModular/Wood Frame (Per Listing: Modular)

Site & utilities

Lot size40 acres
GarageNo attached garage. Large detached 40x60 heated shop and 42x64 pole barn provide covered parking and workspace.
ConditionGood
BasementFull Walkout
FireplaceNo
Improvement notesLarge ranch-style residence with ~7,770 sqft finished living area (4,590 main, 3,180 south-facing walkout basement per description). Includes a separate 40x30 studio apartment, a 40x60x16 insulated/heated metal shop with concrete floor and two 14' overhead doors, 42x64 pole barn, and a 12x24 chicken coop.
Lot area1,742,400 sq ft
TopographyLevel
ParkingDetached Outbuildings And Driveway
Parking notesNo attached garage. Multiple large outbuildings including a heated 40x60 metal shop with 14' overhead doors, 42x64 pole barn and gravel driveways with equipment access.
AccessPrivate ranch access; likely county road access. Good equipment access via large overhead doors on shop.
Location & nearby

Cave Spring Ranch / Rural Elbert

Researched nearby locations

Town of Elbert (approx 6-10 miles)
Interstate/Highway access toward Castle Rock/Denver (approx 35-60 min commute)

Location

24965 Cave Spring Trl, Elbert, CO 80106

View in Google Maps
Editorial neighborhood context

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.

Nearby access summary

Excellent on-site recreation options for riding, hiking and outdoor equipment; Front Range trails and additional open-space recreation are within a reasonable drive.

ElementaryElbert School (K-12) — estimated rating 5/10
Middle schoolElbert School (K-12) — estimated rating 5/10
High schoolElbert School (K-12) — estimated rating 5/10
School districtElbert School District (local rural district)
Market context

A factual market snapshot around 24965 Cave Spring Trl.

Editorial market perspective

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.

Zoning & land use

Rural/agricultural/residential ranch zoning likely allowing single-family dwellings, agricultural uses, accessory structures and equestrian uses (typical for Elbert County rural parcels).

Zoning

DescriptionRural/agricultural/residential ranch zoning likely allowing single-family dwellings, agricultural uses, accessory structures and equestrian uses (typical for Elbert County rural parcels).
JurisdictionElbert County
Current useResidential

Research-indicated uses

  • Single Family Residential
  • Accessory Buildings (Shops, Barns)
  • Agricultural And Equestrian Uses
  • Short Term Rental Likely Allowed With County/Permit Review
Verify with the jurisdiction: Zoning, setbacks, and allowed-use summaries are research indicators—not legal advice or a determination that a specific use is permitted.
Research findings & due diligence

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).
Highlights & features

What stands out about this property.

0140 acres with Front Range and Pikes Peak views
029,180 SF total structure; ~7,770 SF finished living area
0340x60 insulated/heated metal shop with two 14' doors
04Separate 40x30 studio apartment for income or guests

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
Research transparency

Sources & research confidence.

See where the property research came from and how confidence varies by field.

View sources & confidence
1
https://www.redfin.com/CO/Elbert/24965-Cave-Spring-Trl-80106/home/172754080View source
Important: This analysis is AI-assisted using pre-scraped listing data and model knowledge. It is not a formal appraisal. Verify all critical facts before making decisions.