Future potential meets country living on this exceptional 38.2-acre property in Fountain, Colorado. Already annexed into the City of Fountain and connected to city water, this property is ideally positioned in an area experiencing continued growth and development. Developers, investors, and builders will appreciate the location and long-term potential, while current owners can enjoy a move-in-ready ranch-style home and fully usable acreage today. The stucco home offers 3 bedrooms and 2 bathrooms, along with a spacious living room, dining room, and a country kitchen with a cozy breakfast nook. French doors open from the kitchen to a rear deck, creating an easy indoor-outdoor flow. A comfortable family room sits adjacent to the kitchen, and the nearby laundry room includes a door leading directly outside. The land is well-equipped for ranching, equestrian, or agricultural use. Features include a large barn with stalls, loafing sheds, hay storage, fencing and cross-fencing, and an outdoor arena. Expansive open pasture and Front Range views including a beautiful Pikes Peak backdrop. In addition to city water service, the property's well remains active. An added bonus is 10 negotiable shares of Capital Stock in The Fountain Mutual Irrigation Company, offering valuable irrigation and agricultural water resources. Whether you envision a working ranch, horse property, hobby farm, private retreat, or future development opportunity, this versatile acreage offers the space, infrastructure, and location to make it happen.