39848 Swift Creek Circle
$5,895,000
13,503,600 / 310
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Description
Adjusted value 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 ponderosa, cottonwoods, ponds, abounding wildlife, and 1 mi. of creek with three waterfalls coursing through the property. The 4BR 5BA custom residence has 7,075 SF of high-end finishes, two fireplaces, two wet bars, an endless pool, home theatre,...Adjusted value 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 ponderosa, cottonwoods, ponds, abounding wildlife, and 1 mi. of creek with three waterfalls coursing through the property. The 4BR 5BA custom residence has 7,075 SF 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 4 wells and adjudicated water rights drawing from 2 aquifers. Buyer 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 $10K per mo. The 2 BR, 1BA unit in the duplex is valued at $1,600 per mo, and the 3 BR, 2BA unit would fetch approx $2,600. Income generated via grazing or hay sales would be approx $250 per mo. Total revenue from these rentals could be $14,450 per month or $173,000 per annum + the generous tax benefits associated with income property.
- Listed by Richard Gundersen • Coldwell Banker Realty-Boulder • 7209345712
- Listed by Non-IRES Agent • Non-IRES
Amenities
- Air Conditioning
- Attached Garage
- Forced Air
- Garage
- Laundry
- Parking Included
- Pet Friendly
- Private Outdoor Space
LISTING UPDATED: 12/20/2024 09:15 AM
Property Details for 39848 Swift Creek Circle
Status | Active |
---|---|
MLS # | 1014893 |
Days on Compass | 152 |
Taxes | $13,313 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Land |
MLS Type | Farm |
Year Built | 1995 |
Lot Size | 310.00 AC |
County | Elbert County |
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Building Information for 39848 Swift Creek Circle
Lot Size310.00 AC
Property Information for 39848 Swift Creek Circle
Public Records for 39848 Swift Creek Circle
Taxable ValueLand$3,400Additions$56,560Total$59,960
Tax Record2021$4,773 ($398 / month)
Home Facts
Beds3Baths4Total Finished SqFt8,007 SqFtAbove Grade Finished SqFt5,656 SqFtFinished Basement SqFt2,351 SqFtLot Size8,362,213 SqFtStyleMiscellaneous ResidentialYear Built1995ZoningACountyELBERTAPN74181-00-383Fireplace TypeHas Fireplace
Schools near 39848 Swift Creek Circle
This home is within Elizabeth School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Singing Hills Elementary School PublicK to 5 | ||
Elizabeth Middle School Public6 to 8 | ||
Elizabeth High School Public9 to 12 | ||
Frontier High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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