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

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

Monthly Estimate*

$ 34,313

Listed by Colorado lifestyle Properties
10985 E US Highway 24, Peyton, CO 80831 - Image 1
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10985 E US Highway 24, Peyton, CO 80831 - Image 8
10985 E US Highway 24, Peyton, CO 80831 - Image 9
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Studio

Lots and Land for sale in Peyton, CO

for $5,500,000. The lot size is 35.

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

$ 930

Style

Lot Size

35

Town/City

Peyton

County/Region

El Paso

MLS | Web ID

2883651

Features
General
Sewer Septic Tank
Utilities Electricity Available Phone Available
Possession Closing/DOD
Zoning RR-5
Garage Spaces 0
Exclusions n/a
Property Subtype Improved Land
Tax Year 2024
Current Use Vacant
Ownership Individual
County El Paso
Property Type Land
HOA N
Attached Garage N
Subdivision Name Colorado Springs
Possible Use Commercial Multi-Family
Status Active
Directions From Colorado Springs take Highway 24 east just passed Garrett Road. Property will be on the south side of the road.
City Peyton
High School District District 49
Lot Size Units Acres
Lot Size Square Feet 1524600
Carport Spaces 0
Listing Terms 1031 Exchange Cash Conventional Other
Tax Annual Amount 930
Standard Status Active
Middle/Junior School District District 49
Elementary School District District 49
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Exterior
Vegetation Grassed
Fencing Full
Lot Features Level Meadow Sloped Subdividable
Water Source Well
Total Parking 0
Lot Size Area 35
Lot Size Acres 35
Road Surface Type Paved
Road Frontage Type Public
Road Responsibility Public Maintained Road
Horse Y/N Y
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Internal Only
Street Number 1 10985
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* Excluded Features
List By
Colorado Lifestyle Properties

Broker

(719) 649-4515

Phone

Affordability Calculator

$34,390
Per Month
100%
0%
0%
Monthly Principal & Interest
$34,313
Monthly Property Taxes
$78
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
3043037 Elementary School
3043804 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/17/2025$5,500,000 Listed Price

Map


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10985 E US Highway 24, Peyton, CO, 80831 is a Lots and Land for sale at $5,500,000 with a lot size of 35. 10985 E US Highway 24 is a studio with 0.0 baths. The property's zip code is 80831 which is in Peyton, CO