10985 E US Highway 24 Peyton, CO 80831
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
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
Listings courtesy of REColorado as distributed by MLS GRID.
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6455 S. Yosemite St., Suite 300
Greenwood Village, CO 80111 USA
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Price information
Property sales
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Tax history
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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.
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?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Hunting
NASCAR
Figure Skating
Where do the neighbors shop?
Dick's Sporting Goods
Dillards
Wal-Mart
Where do the neighbors go to eat?
Texas Roadhouse
Cracker Barrel
Hardee's
What do the neighbors drive?
Subaru
Cadillac
Ram
What do the neighbors listen to?
New Country
News/Talk/Information
Classic Country
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.