6646 E State Highway 86

Property Description

This 36-acre ranch sits at the southwest corner of Colorado Highway 86 and Castlewood Canyon Drive, offering excellent visibility and access. Located just west of Parker Road & Highway 86, the property benefits from its proximity to Castlewood Canyon State Park, a hidden gem known for its scenic beauty, hiking trails, and rock climbing opportunities. Currently, the ranch serves as an income-producing property, but its true value lies in its future potential as a mixed use, high-density development site. With municipal water rights available, this land is well-positioned for a variety of future uses, including residential, commercial, condos, apartments or retail projects. Given its location and access to infrastructure, it represents a rare opportunity for developers or investors looking to capitalize on a rapidly growing area. Quite a few weeks ago an announcement was made on tv and in the newspapers that cities of Parker, Colo, Castle Rock, Colo and the Platt River Valley Water Partnership had just consummated a purchase of 23,000 acre feet of water rights for $835 Million dollars. Which obviously will go along way to solve any concerns about Douglas County’s growth, storage or water issues. The 80 year old partners who have owned and managed the property for 30 years are now having age, health, and medical issues and are changing their commitment to be the developers to see this fabulous property thru the visions that everyone involved shared when they purchased it and that even included the head of Douglas County Planning Department at the time. Craig Mundt, one of the owner/partner and Broker is available for any questions!