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
School Info
Assigned Schools Information:
Ellicott Senior High School, Public District Grades 9-12
Ellicott Middle School, Public District Grades 6-8
Ellicott Elementary School, Public District Grades PK-5
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 the last 12 months
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. Any offer of compensation is made only to Participants of the PPMLS. 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.
Elementary School
4
/10
Ellicott Elementary School
399 S Ellicott Hwy
Distance between this listing and this school5.45 miles
Public District Grades PK-5
Middle School
4
/10
Ellicott Middle School
350 S Ellicott Hwy
Distance between this listing and this school5.44 miles
Public District Grades 6-8
High School
3
/10
Ellicott Senior High School
375 S Ellicott Hwy
Distance between this listing and this school5.56 miles
Public District Grades 9-12
Assigned Schools
4
/10
Ellicott Elementary School
399 S Ellicott Hwy
Distance between this listing and this school5.45 miles
Public District Grades PK-5
Nearby Schools
6
/10
Sunrise Elementary School
7070 Grand Valley Dr
Distance between this listing and this school15.70 miles
Public District Grades KG-5
4
/10
Eagleside Elementary School
9750 Sentry Dr
Distance between this listing and this school15.80 miles
Public District Grades PK-5
Assigned Schools
4
/10
Ellicott Middle School
350 S Ellicott Hwy
Distance between this listing and this school5.44 miles
Public District Grades 6-8
Nearby Schools
5
/10
Janitell Junior High School
7635 Fountain Mesa Rd
Distance between this listing and this school16.38 miles
Public District Grades 6-8
2
/10
Fountain Middle School
515 N Santa Fe Ave
Distance between this listing and this school17.25 miles
Public District Grades 6-8
Assigned Schools
3
/10
Ellicott Senior High School
375 S Ellicott Hwy
Distance between this listing and this school5.56 miles
Public District Grades 9-12
Nearby Schools
4
/10
Hanover Junior-Senior High School
17050 S Peyton Hwy
Distance between this listing and this school11.74 miles
Public District Grades 6-12
10
/10
Edison Junior-Senior High School
14550 Edison Rd
Distance between this listing and this school12.49 miles
The neighbors living near this home have an average income of $41,310. The most common annual income of people living in Colorado Springs, CO is less than $35k. The majority of families are married, with kids. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
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.
What are the assigned schools for this property?
The assigned schools for Drennan Rd are: Ellicott Elementary School: GreatSchools Rating 4/10Ellicott Middle School: GreatSchools Rating 4/10Ellicott Senior High School: GreatSchools Rating 3/10
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.
While more than 59 listings in Colorado Springs, CO in April 2024 were sold above asking price, there were more than 51 listings sold at asking price, and more than 69 were sold below. The number of listings in Colorado Springs, CO increased by 78.8% between March 2024 and April 2024. In April 2024, listings were on the market for 30 days. During the same period, the median list price in this real estate market was $475,000.
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. Any offer of compensation is made only to Participants of the PPMLS. This information and related content is deemed reliable but is not guaranteed accurate by the Pikes Peak REALTOR® Services Corp. 
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