Drennan Road

Colorado Springs, CO 80928

$21,500,000
Price
27,878,400 / 640
Lot Size / Acres

Description

NOTE: This is four adjacent parcels; see linked map to see all four. Application for annexation has been filed and is underway. Stunning views and close proximity to burgeoning development around the Colorado Springs Airport make this 640 acre property an ideal candidate for comprehensive development with relatively high density housing options (12 minutes to Amazon, 15 to COS airport, 5 min to Schriever). Current property owners are moving forward with annexation plan and are additionally working...NOTE: This is four adjacent parcels; see linked map to see all four. Application for annexation has been filed and is underway. Stunning views and close proximity to burgeoning development around the Colorado Springs Airport make this 640 acre property an ideal candidate for comprehensive development with relatively high density housing options (12 minutes to Amazon, 15 to COS airport, 5 min to Schriever). Current property owners are moving forward with annexation plan and are additionally working on creation of comprehensive land use/development plan. Annexation expected to occur in approximately 18 months and city/county approved Preliminary Development Plan is expected to be complete around same time. Water rights available but not adjudicated; there is an existing high performing well on-site. Mineral and water rights have not been severed and run with land. One notable feature is that parcel is surrounded almost entirely by State or COS Utility property because there is 800 acre reservoir being installed less than one mile West of property; reservoir doesn’t have an official install date, but is expected within the next eight years. Intention is to work with CSU and state to create walking/biking paths connecting subject property with recreational areas of reservoir. Adjacent vacant land parcels and reservoir ensure that stunning front range and Pikes Peak views will remain unspoiled.

. This includes everything from larger “estate” lots, standard single family residential, higher density townhome and patio home projects, and affordable housing options mixed with premium luxury in a cluster of high rise buildings with ground floor commercial space.
  1. Listed by Nathan Rains • Exp Realty LLC
  2. Listed by Nathan Fisk • Exp Realty LLC

Amenities

  • Ground Floor
  • Range

Location

Listing Courtesy of Exp Realty LLC, Nathan Rains; Exp Realty LLC, Nathan Fisk
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LISTING UPDATED: 09/26/2023 04:59 PM

Property Details for Drennan Road

StatusActive
MLS #3745085
Days on Compass703
Taxes$239 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand
Year Built-
Lot Size640.00 AC
CountyEl Paso County

Location

Listing Courtesy of Exp Realty LLC, Nathan Rains; Exp Realty LLC, Nathan Fisk
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Building Information for Drennan Road

Lot Size640.00 AC

Payment Calculator

$117,354 per month

30 year fixed, 7.25% Interest

Principal and Interest

$117,334

Property Taxes

$20

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for Drennan Road

Summary
Location and General Information
  • School District: Ellicott-22
Taxes and HOA Information
  • Tax Year: 2019
Property
Lot Information
  • Lot Desc: 360-degree View, Backs to City/Cnty/State/Natl OS, City View, Mountain View, View of Pikes Peak
Utilities
  • Water: Well-Active

Schools near Drennan Road

This home is within Ellicott School District No. 22 in the County of EL Paso A.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Ellicott Elementary School
PublicPK to 5

Ellicott Middle School
Public6 to 8

Ellicott Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Drennan Road is a 640 ac of land for sale in Colorado Springs, CO 80928. This property was listed for sale on September 28, 2021 by Exp Realty LLC, it's currently listed at $21,500,000. This listing's school district is Ellicott School District No. 22 in the County of EL Paso A. Nearby schools include Ellicott Elementary School, Ellicott Middle School and Ellicott Senior High School. Drennan Road is a 0-bed, 0-bath, 640 ac of land on a 27,878,400 sq. ft. / 640 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Exp Realty LLC, Nathan Rains; Exp Realty LLC, Nathan Fisk

Based on information from one of the following Multiple Listing Services: REColorado, Summit MLS Inc (a wholly owned subsidiary of Summit Association of REALTORS), Pikes Peak Association of Realtors, IRES, Grand Junction Area REALTOR, CREN, Vail Board of REALTORS and Grand County Board of REALTORS . Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by REColorado, Summit MLS Inc (a wholly owned subsidiary of Summit Association of REALTORS), Pikes Peak Association of Realtors, IRES, Grand Junction Area REALTOR, CREN, Vail Board of REALTORS and Grand County Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.