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.
Property Details
Property Features
Listing Office:
Office Name: Exp Realty LLC
Office Phone: (888) 440-2724
Listing Agent: Nathan Rains
Exterior Features
Exterior Information:
View: City, Mountain(s)
Lot Features
Lot Information:
Lot: City Lot, Views
Lot Size: 640.00 Acres
Price Information
Listing Price Info
Price Summary:
List Price: $21,500,000
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Housing Market Comparison
See how this home compares to others in Colorado Springs, CO.
This property is $21.0M more than the Median Sold Price in Colorado Springs, CO.
Based on homes sold in November 2024
MLS Details
MLS Information:
MLS Number: #3745085
Listing Office:
Office Name: Exp Realty LLC
Office Phone: (888) 440-2724
Listing Agent: Nathan Rains
The real estate listing information and related content displayed on this site is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Ellicott Elementary School
399 S Ellicott Hwy
Distance between this listing and this school5.44 miles
Public District Grades PK-5
5
/10
Sunrise Elementary Capturing Kids' Hearts School
7070 Grand Valley Dr
Distance between this listing and this school15.70 miles
Public District Grades KG-5
5
/10
Eagleside Elementary School
9750 Sentry Dr
Distance between this listing and this school15.79 miles
Public District Grades KG-5
Nearby Schools
5
/10
Ellicott Middle School
350 S Ellicott Hwy
Distance between this listing and this school5.43 miles
Public District Grades 6-8
6
/10
Grand Mountain K8 Computer Science School
11060 Fontaine Blvd
Distance between this listing and this school12.19 miles
Public District Grades KG-8
6
/10
Janitell Junior High School
7635 Fountain Mesa Rd
Distance between this listing and this school16.38 miles
Public District Grades 6-8
Nearby Schools
4
/10
Ellicott Senior High School
375 S Ellicott Hwy
Distance between this listing and this school5.56 miles
Public District Grades 9-12
3
/10
Hanover Junior-Senior High School
17050 S Peyton Hwy
Distance between this listing and this school11.76 miles
Public District Grades 6-12
1
/10
Hanover Online Academy
17050 S Peyton Hwy
Distance between this listing and this school11.76 miles
The neighbors living near this home have an average income of $41,310. Most Colorado Springs, CO residents have annual incomes less than $35k. The most common type of family is married, with kids. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Living In Colorado Springs, CO
Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.
What type of housing is available in Colorado Springs, CO?
Colorado Springs offers a diverse array of housing options, with single-family homes being the most prevalent, reflecting a mix of modern, ranch-style, and craftsman architectures. The housing market is primarily composed of owner-occupied residences, with a homeownership rate that is robust, complemented by a rental market that caters to various preferences. The area has seen a range of development periods, with a notable number of properties dating back to the late 20th century.
Is Colorado Springs, CO a good place to live?
Colorado Springs is celebrated for its scenic beauty and outdoor recreational opportunities, including proximity to the majestic Pikes Peak and Garden of the Gods. The community prides itself on a family-friendly atmosphere and a strong military presence, with several bases contributing to the local culture. Annual events and festivals reflect the city's appreciation for its natural surroundings and active lifestyle.
Are things conveniently located in Colorado Springs, CO?
The community is served by a comprehensive educational system, including numerous public and private schools that cater to a range of educational needs. Healthcare services are well-established, with several hospitals providing a spectrum of care from emergency services to specialized treatments. Public libraries are available to residents, and the city offers a variety of retail and dining options that showcase local flavors and crafts. City initiatives are in place to adapt services to the evolving needs of its diverse population.
What does the transportation in Colorado Springs, CO look like?
Colorado Springs' transport infrastructure includes a network of major highways that facilitate travel and commuting, with Interstate 25 being a primary thoroughfare. Public transportation services are available, with routes connecting key areas of the city. The community is also making strides in enhancing walkability and bikeability, particularly in the downtown area. Ride-sharing services are operational, providing additional options for residents and visitors.
Frequently Asked Questions About Drennan Rd
What is the listing price of this property?
The listing price of Drennan Rd property is $21,500,000.
What type of property is this?
The property Drennan Rd is land located in Colorado Springs, Colorado, 80928.
Is this property for sale now?
Active Listing: Drennan Rd is For Sale (Active/New) which means the seller is accepting offers.
When was this property sold last time and for how much?
The last sale was on February 8, 2021 for $15,000,000. (source: MLS/tax record).
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This home is located at Drennan Rd in Colorado Springs, CO and zip code 80928. This home sits on a 640.00 acre lot. It has been listed on Rocket Homes since October 25, 2023 and is currently priced at $21,500,000.
In November 2024 more than 38 listings in Colorado Springs, CO were sold above the asking price. During the same period more than 46 listings were sold at asking price, while more than 89 were sold below. In November 2024 in Colorado Springs, CO there were 14.4% more homes for sale than in October 2024. The median list price of listings available in November 2024 was $489,900, while the average time on the real estate market was 51 days.
From Rocket Homes Real Estate and based on county public records data.
The real estate listing information and related content displayed on this site is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp. 
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