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.
Lot/land
$5,500,000
10985 Highway 24 E, Peyton, CO 80831
--beds
--baths
40Acres
Land
Built in ----
40 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Access to water
- 56 days
- on Zillow |
- 19 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: June 17, 2025 at 05:29am
Listed by:
Catherine Brown-swain RENE 719-649-4515,
Colorado Lifestyle Properties
Source: Pikes Peak MLS,MLS#: 8842606

Travel times
Facts & features
Interior
Video & virtual tour
Property
Features
- Fencing: Perimeter
- Has view: Yes
- View description: Panoramic, View of Pikes Peak
Lot
- Size: 40 Acres
- Features: Level, Meadow, Rural, Sloped, See Remarks, See Prop Desc Remarks, Near Fire Station, Near Schools, Near Shopping Center
- Topography: Level,Rolling,Sloping
- Residential vegetation: Grassed, See Remarks
Details
- Additional structures: Mobile Home
Utilities & green energy
- Water: Well-Active
Community & HOA
Location
- Region: Peyton
Financial & listing details
- Annual tax amount: $929
- Date on market: 6/15/2025
- Listing terms: Cash,Conventional,Other,See Show/Agent Remarks
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