Rare opportunity to own a scenic 5+ acres in a horse friendly neighborhood, with mountain views, no HOA, with long and/or short-term rental potential (buyer to verify). This ranch-style home offers main-level living and is ideal for investors, multi-generational households, or buyers looking to build equity. A private attached mother-in-law suite provides flexible space for caregiving, guest use, or income generation. Each bedroom features its own full en-suite bathroom, offering a unique layout for privacy and future resale value. The unfinished walkout basement boasts 12-foot ceilings, abundant daylight, and is ready to become a second living space, entertainment area, or income-producing unit. The detached garage can accommodate up to 6 vehicles and includes a back workshop space—perfect for hobbyists or tradespeople. Several outbuildings on the property provide additional storage or could be converted into workshops or animal shelters. The septic system has been updated, and the property is zoned for horses. Peacefully nestled away yet located just minutes from Parker, Franktown, and Castle Rock, this property combines country living with convenience. The home has been well-loved over the years and the price allows the next owner to modernize and personalize while enjoying instant equity potential. Whether you're looking for a home with room to grow, a family compound, or a creative flip, this property checks all the boxes. Estate sale on-site June 19–21. Showings permitted during off-hours. Reach out to the listing agent or your buyer broker from more specifics. Buyer will not be able to see the entire unit during esate sale hours.
Sold for $650,000 on 07/14/25
$650,000
34586 Morgan Trail, Elizabeth, CO 80107
4beds
4,169sqft
Single Family Residence
Built in 1980
5.22 Acres Lot
$650,000 Zestimate®
$156/sqft
$4,421 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: July 16, 2025 at 05:41am
Listed by:
Melissa Brugh 303-521-3649,
eXp Realty, LLC
Bought with:
Other MLS Non-REcolorado
NON MLS PARTICIPANT
Source: REcolorado,MLS#: 7315455

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
- Main level bathrooms: 3
- Main level bedrooms: 4
Primary bedroom
- Level: Main
Primary bedroom
- Description: Rental Or Mil Quarters (1 Bed/1 Bath)
- Level: Main
Primary bedroom
- Description: Off Main Side Of Home (2 Bed/ 2 Bath With Flex Room)
- Level: Main
Bedroom
- Description: Large Flex Space With Laundry
- Level: Main
- Area: 208.55 Square Feet
- Dimensions: 9.7 x 21.5
Primary bathroom
- Level: Main
Primary bathroom
- Level: Main
Primary bathroom
- Description: Rental Or Mil Quarters (1 Bed/1 Bath)
- Level: Main
Laundry
- Description: On The Rental Unit Or Mil Side
- Level: Basement
Heating
- Forced Air
Cooling
- Central Air
Features
- Basement: Bath/Stubbed,Crawl Space,Daylight,Unfinished,Walk-Out Access
- Number of fireplaces: 1
- Fireplace features: Wood Burning
Interior area
- Total structure area: 4,169
- Total interior livable area: 4,169 sqft
- Finished area above ground: 2,676
- Finished area below ground: 0
Property
Parking
- Total spaces: 8
- Parking features: Concrete, Oversized
- Attached garage spaces: 8
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered, Deck, Front Porch
- Fencing: Partial
- Has view: Yes
- View description: Mountain(s)
Lot
- Size: 5.22 Acres
- Features: Open Space, Suitable For Grazing
- Residential vegetation: Grassed, Mixed, Natural State
Details
- Parcel number: R109325
- Zoning: RA-1
- Special conditions: Standard
- Horses can be raised: Yes
- Horse amenities: Loafing Shed
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary
- Property subtype: Single Family Residence
Materials
- Brick, Concrete, Frame, Wood Siding
- Roof: Composition
Condition
- Fixer
- Year built: 1980
Utilities & green energy
- Water: Well
- Utilities for property: Cable Available, Electricity Connected, Internet Access (Wired), Propane
Community & neighborhood
Location
- Region: Elizabeth
- Subdivision: Cimarron
Other
Other facts
- Listing terms: 1031 Exchange,Cash,Conventional,USDA Loan
- Ownership: Estate
- Road surface type: Dirt
Services availability
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Estimated market value
$650,000