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$5,500,000

10985 E US Highway 24 Peyton, CO 80831

35.0 acres
Land

Property details

About 10985 E US Highway 24

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.

Highlights

Home typeVacant Land
StatusActive
Lot size35 Acres
MLS #2883651

Summary

  • Attached Garage: No
  • List Price: $5,500,000
  • Lot: Level, Meadow, Sloped, Split Possible
  • Directions: From Colorado Springs, take Highway 24 east just passed Garrett Road. Property will be on the south side of the road.
  • Lot Size: 35 Acres
  • MLS Number: 2883651
  • MLS Name: RECOLORADO
  • Office Name: Colorado lifestyle Properties
  • Office Phone: (719) 649-4515
  • Listing Agent: Catherine Brown-Swain

IDX Listings courtesy of REColorado as distributed by MLS GRID.

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Licensed in Colorado Brokerage License # EC. 100073419

The content relating to real estate for sale in this Web site comes in part from the Internet Data eXchange ("IDX") program of METROLIST, INC., DBA RECOLORADO® Real estate listings held by brokers other than Rocket Homes Real Estate, LLC are marked with the IDX Logo. This information is being provided for the consumers' personal, non-commercial use and may not be used for any other purpose. All information subject to change and should be independently verified.

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The information contained in this publication is subject to change without notice. METROLIST, INC., DBA RECOLORADO MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. METROLIST, INC., DBA RECOLORADO SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, OR USE OF THIS MATERIAL.

All real estate advertised herein is subject to the Federal Fair Housing Act and the Colorado Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

METROLIST, INC., DBA RECOLORADO will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.

Equal Housing

© 2025 METROLIST, INC., DBA RECOLORADO® – All Rights Reserved
6455 S. Yosemite St., Suite 300
Greenwood Village, CO 80111 USA

ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. The information contained herein including but not limited to all text, photographs, digital images, virtual tours, may be seeded and monitored for protection and tracking.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/7/2025, 10:42:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Price information

Property sales

We're sorry, we currently don't have property sales data for this listing.

Tax history

We're sorry, we currently don't have tax history data for this listing.

Nearby schools

3

Falcon Elementary School

Public District PK-5

1.1 mi

12050 Falcon Hwy

4

Inspiration View Elementary School

Public District PK-5

2.3 mi

9233 Vista Del Pico Blvd

6

Woodmen Hills Elementary School

Public District PK-5

2.6 mi

8308 Del Rio Rd

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $69,036. Typical income of Peyton, CO residents is between $35k-100k annually. Typical family type is married, no kids. Most residents in this area have high school diploma education.

How much money do the neighbors make?

18%
<35k
55%
35k-100k
23%
100k-200k
4%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

29%
Single, No Kids
7%
Single, with Kids
40%
Married, No Kids
24%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

14%
<11 yrs old
9%
12-17 yrs old
14%
18-34 yrs old
49%
35-64 yrs old
14%
65+ yrs old

What do the neighbors do for fun?

  • HuntingHunting
  • NASCARNASCAR
  • Figure SkatingFigure Skating

Where do the neighbors shop?

  • Dick's Sporting GoodsDick's Sporting Goods
  • DillardsDillards
  • Wal-MartWal-Mart

Where do the neighbors go to eat?

  • Texas RoadhouseTexas Roadhouse
  • Cracker BarrelCracker Barrel
  • Hardee'sHardee's

What do the neighbors drive?

  • SubaruSubaru
  • CadillacCadillac
  • RamRam

What do the neighbors listen to?

  • New CountryNew Country
  • News/Talk/InformationNews/Talk/Information
  • Classic CountryClassic Country
All data provided by Home Junction and Claritas

Frequently asked questions

About 10985 E US Highway 24

The listing price of 10985 E US Highway 24 property is $5,500,000.

The property 10985 E US Highway 24 is land located in Peyton, Colorado, 80831.

Active Listing: 10985 E US Highway 24 is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 10985 E US Highway 24 are: Falcon Elementary School (GreatSchools Rating 3/10), Inspiration View Elementary School (GreatSchools Rating 4/10), Woodmen Hills Elementary School (GreatSchools Rating 6/10), Falcon Middle School (GreatSchools Rating 3/10), Rocky Mountain Classical Academy (GreatSchools Rating 5/10), Grand Peak Academy (GreatSchools Rating 3/10), Patriot High School (GreatSchools Rating 1/10), Banning Lewis Ranch Academy (GreatSchools Rating 6/10), Liberty Tree Academy (GreatSchools Rating 5/10).

The property 10985 E US Highway 24 is 35 acres.

This home is located at 10985 E US Highway 24 in Peyton, CO and zip code 80831 in the Marksheffel neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since June 17, 2025 and is currently priced at $5,500,000.

In June 2025, from all listings sold in Peyton, CO there were more than 3 sold above asking price, over 7 sold below and more than 5 were sold right at the asked price. Between May and June 2025, Peyton, CO real estate market has seen increase in the number of listings by 38.7%. The median list price of listings available in June 2025 was $575,000, while the average time on the real estate market was 27 days.

From Rocket Homes Real Estate and based on county public records data.

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