Listings by Richard Gundersen

The exquisite Swift Creek Farms Equestrian Estate includes 310.25+/- acres, a gorgeous 7,075 SF 4BR, 5BA Executive Home, a 2,778 SF Duplex, a 26K SF Equestrian Facility, and Hay Barn. The distinctive park-like setting includes a variety of amenities including ponderosas, cottonwoods, ponds, abounding wildlife, and 1 mi. of creek with three waterfalls coursing through the property. The 4BR 5BA custom residence has 7,075 S. F of high-end finishes, two fireplaces, two wet bars, an endless pool, home theatre, a second kitchen/laundry area on lower level, large storage room, a large sunroom, and an oversized 3 car garage. The 26,000 SF, 17 stall equestrian facility has 6 paddocks, a one-mile-long trotting or running track, trails, two offices, and indoor arena, men’s and women’s bathrooms and an indoor viewing lounge with water and refrigerator. The adjacent Duplex features a 3BR, 2BA unit, and a 2BR 1BA unit with a 2-car garage. There are four wells and adjudicated water rights drawing from two aquifers. The owner of this magnificent and unique estate can utilize it as a private residence with substantial income as land values increase over time, and short- or long-term development options can ensure highly profitable ownership. There have been discussions with Elbert County on development of the property into high-end custom home sites. One vision is to create a sanctuary/nature preserve using the equestrian facility as a center of activity and available for homeowners with horses or equine requirements. Conservation easements can generate large federal and state tax credits. The Equestrian Center can be for personal use or rented for an income of $10,000 per month. The two-bedroom, one bath unit in the duplex is valued at $1,600 per month, and the 3 bedroom, two bath unit would fetch approximately $2,600. Additional income generated via grazing or hay sales would be approximately $250 per month. Total revenue from these rentals could be $14,450 per month or $173,000 per annum, plus the generous tax benefits associated with income property. Close in: 24 miles to the Denver Tech Center and 12 miles to Parker, CO.