Recreational Land with Home for Sale in Elbert, Colorado

Cave Spring Ranch is a gorgeous improved 40 acre ranch near Elbert Colorado. This property has all the bells and whistles! The large ranch style home boast an incredible 9 bedrooms and 10 bathrooms! In addition, the property features a separate studio apartment, barn, chicken house and large shop/garage. Currently, the property is used, in part, as a short term vacation rental. Well suited for a large family home, retreat, or income property.

Land

The ranch boasts 40 acres of level terrain with scattered ponderosa pine and native grass. The views to the west cover peak to peak of the Colorado front range, including towering views of Pikes Peak!

40 acres not enough? There are an additional contiguous 80 acre parcel and 50 acre parcel that could be added to the purchase. Priced for the 40 acres, but options include 40 acres, 90 acres, 120 acres, or 170 acres. Call to inquire.

Improvements

This impressive residence offers 7,770 square feet of finished living space, with 4,590 square feet on the main level and 3,180 square feet in the south-facing walkout basement. The layout provides exceptional room for families, guests, or multi-generational living, featuring 9 bedrooms and 10 bathrooms throughout. A defining characteristic of this home is its generous scale and thoughtful design—true abundance of space. The full-length south-facing deck runs the length of the house, offering a prime spot for morning coffee with countryside views or evening relaxation in natural light and fresh air. Dual heating and air conditioning systems provide consistent, customizable comfort on every level. The centrally located kitchen opens to a 30×18 kitchen/dining area with a large 14-foot island including a sink. It includes Hickory cabinets, a Fulgor by Milano 6-burner gas range with oven, double oven, oversized Whirlpool commercial refrigerator, stainless sinks and hood, and a high-end dishwasher—built for both everyday use and serious cooking. Adjacent is a spacious 18×36 living area with a gas stove, creating a bright, open gathering space at the center of the home. The east wing includes a large walk-in pantry, a laundry/mud room with sink, the primary master suite (with two large walk-in closets and a 5-piece bath), and one additional bedroom with walk-in closet. The west wing features four bedrooms—including a second master suite with a large walk-in closet and 5-piece bath—each with walk-in closets and attached full bathrooms, plus a second laundry room and a sitting room. The finished south-facing walkout basement includes a second 30×18 kitchen area, a large open living space with plenty of natural light, an 18×18 office, and three bedrooms—each with walk-in closets and attached full bathrooms. This level offers flexible space for a guest suite, home office, recreation area, gym, or theater, with direct outdoor access. This home delivers substantial square footage, practical features, and comfortable living in a peaceful countryside setting.

Cozy 40×30 Studio Apartment

Perfect for guests, extended family, or a peaceful personal retreat, this inviting studio offers a generous open-concept layout that seamlessly blends living, kitchen, and dining areas. You’ll appreciate the ample closet and storage options, plus a full bathroom for complete comfort and convenience.

Lester Shop/Garage

A standout 40x60x16 metal building with a solid concrete floor, full insulation, and reliable heat—this spacious shop is built for serious enthusiasts. Plenty of room houses all your vehicles, toys, and gear, complete with a dedicated workshop zone and abundant shelving for organized storage. Two massive 14-foot overhead doors make easy access a breeze for even your largest equipment.

Cleary Pole Barn

This expansive 42x64x16 pole barn provides mostly open, adaptable space with excellent versatility. Dual 14-foot drive-through overhead doors (one on each end) allow effortless flow for equipment or vehicles. The south side features thoughtfully designed livestock pens and three dedicated doors opening to runs, offering ideal shelter and convenience for horses or other animals.

Chicken House

A practical 12×24 dedicated coop, fully equipped and ready to welcome your flock of daily egg producers—simple, functional, and perfectly suited for homestead living.

Recreation

The ranch, in the area south of Elizabeth Colorado and west of Elbert Colorado, near the Douglas County line is an ideal area for Trophy Mule Deer, Pronghorn and various small game species. The are also has a large resident Elk herd and qualifies for Over-the-Counter plains elk tags. The property is set up for horses and ideal for equine activities. For shooting, hunting, horses, livestock, ATVs, hiking, biking, the ranch is ready to go.

Water/Mineral Rights & Natural Resources

The water rights will convey with the property. Water rights are in the process of being decreed by the District Court Water Division 1. The final decree should be issued in March of 2026.

Mineral rights owned by the seller and appurtenant to the property will be conveyed at closing.

General Operations

This home affords the opportunity to rent rooms, if desired, as short term rentals, as the current owners do. The Studio could be rented short or long term, and the basement has potential for long term tenants as well with its own kitchen, living areas, bedrooms and outside entrance.

Region & Climate

Nestled in the high plains of southern Elbert County, south of Elizabeth and west of Elbert, this property enjoys a classic Colorado climate: crisp, sunny days and four distinct seasons.

Elevations around 6,500–7,000 feet bring mild summers with July highs averaging 80–85°F and cool nights. Winters deliver light to moderate snow (annual total ~40–55 inches), with January highs near 40–45°F and lows in the teens.

Annual precipitation of 15–18 inches falls mostly as spring/summer thunderstorms and winter snow, supporting open grasslands and scattered ponderosa pines.

Clear skies dominate, offering abundant sunshine, dramatic sunrises/sunsets, and wide-open views of the Front Range. Perfect for ranching, outdoor living, and enjoying Colorado’s invigorating high-country weather.

Location

The property, though private and rural, is conveniently located to Colorado’s front range amenities.

12 miles from Elizabeth

8 miles to Elbert

57 miles to Denver International Airport

51 miles to Denver

36 miles to Colorado Springs

41 miles to the Colorado Springs Airport

20 miles to Castle Rock

25 miles to Parker