10985 E Highway 24 Peyton, CO $ 5,500,000
10985 E Highway 24
$ 5,500,000
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10985 E Highway 24

Peyton, CO, 80831
$ 5,500,000
Baths0.0

Monthly Estimate*

$ 34,313

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Studio

Lots and Land for sale in Peyton, CO

for $5,500,000. The lot size is 40.

DEVELOPMENT POTENTIAL! This 35-acre parcel presents a rare and strategic opportunity for developers seeking to capitalize on the explosive growth between Colorado Springs and Falcon. Located just minutes from both markets, the property sits in the heart of one of El Paso County’s fastest-developing corridors, where residential subdivisions, retail centers, and mixed-use projects are rapidly expanding to meet increasing demand. With two existing wells and water rights, this property offers a critical head start in a region where water access often defines the pace and scope of development. Potential for a variety of commercial uses—including retail centers, light industrial, mixed-use developments, or even a master-planned community with integrated commercial zones. The proximity to Powers Boulevard, Highway 24, and the ever-expanding Falcon Town Center makes this parcel especially attractive for developers looking to serve the growing population east of Colorado Springs. The area is already seeing substantial investment in infrastructure and services, creating a strong foundation for future growth. Given its size, access to water, and prime location, this property is perfectly positioned to meet the region’s surging demand. This parcel offers the space, resources, and location to support a bold vision.

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Lots and Land Active

Price

$ 5,500,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 929

Style

Level,Meadow,Rolling,Sloping,See Prop Desc Remarks

Lot Size

40

Town/City

Peyton

County/Region

El Paso

MLS | Web ID

8842606

Features
General
Water Well-Active
Assoc Fees 0.00
School District District 49
Topography Level Meadow Rolling Sloping See Prop Desc Remarks
Property Type Land
Yearly Taxes 929.58
Tax Year 2024
Status Active
Covenants Y/N 0
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Exterior
Vegetation Grass See Prop Desc Remarks
Lot Size 40.0000
Lot Description 360-degree View Level Meadow Rural Sloping View of Pikes Peak See Prop Desc Remarks
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* Excluded Features
List By
Colorado Lifestyle Properties

Broker

Longhornofcolorado@yahoo.com

Email

Affordability Calculator

$34,390
Per Month
100%
0%
0%
Monthly Principal & Interest
$34,313
Monthly Property Taxes
$77
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
5199887 Elementary School
5199888 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/15/2025$5,500,000 Listed Price

Map


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10985 E Highway 24, Peyton, CO, 80831 is a Lots and Land for sale at $5,500,000 with a lot size of 40. 10985 E Highway 24 is a studio with 0.0 baths. The property's zip code is 80831 which is in Peyton, CO