ELBERT COUNTY, CO | 40 acres | Flat & Buildable | Road Frontage | Power | Fenced Pending

  • $59,900

Cheap Land in Colorado near Colorado Springs

Owner Financing Available!

Spread your wings on this expansive 40 acres of ranch land east of Colorado Springs and set up your home just above the arroyo that periodically flows through here.

  • Fenced All Sides
  • Extensive Road Frontage
  • Very Buildable: Flat, No Floodplain
  • Very Flexible Zoning
  • Power Along Road
  • Priced about 25% Below Market

PROPERTY: Nestled just east of Colorado Springs, this picturesque 40-acre ranch land offers a tranquil retreat with expansive views and abundant opportunities. The relatively flat terrain, devoid of any floodplains, presents a very buildable landscape, perfect for either residential, agricultural, or recreational use. With two arroyos converging in the center, the property features a periodic water channel that enhances the serene setting. It boasts an impressive 1320 feet of direct frontage on both County Road 22 and County Road 161, ensuring easy access and great potential for development. Fencing all around the perimeter jumpstarts its use for livestock, and power is readily available along the road, although water wells and septic systems would need to be installed. This parcel is free of deed restrictions, and situated in a flexible agricultural zoning area that allows for mobile, manufactured, and modular homes, as well as many commercial uses. The area is characterized by its peaceful, safe neighborhoods, low taxes, and an abundance of wildlife, making it an attractive investment. Additionally, its proximity to Colorado Springs places essential services and recreational spots within easy reach, ensuring convenience alongside rural charm. Whether you’re looking to build a new home, an expansive ranch, or seeking a splendid investment opportunity, this property promises potential and versatility on the edge of Colorado’s scenic landscapes.

Call or text Scott directly at 314.639.9777 or email info@acretown.com if you have any questions or would like to make an offer. If you’re a Spanish speaker, please ask for Andy on our team and he’ll be glad to help you. We’ve posted a lot of info below – including critical instructions for visiting the property – so please keep reading!

Best Deal in the Market – Check Zillow or Redfin and You’ll Agree!


After opening this map, you may see even more information about the area by clicking on Map Legend, then Overlays.


  • ADDRESS (street # estimated – use GPS for navigation): 5005 Co Rd 161, Ramah, CO 80832
  • SIZE: 40 acres
  • GPS COORDINATES: 38.940746, -103.923806
  • PARCEL #: R101566
  • ABRIDGED LEGAL DESCRIPTION: Section: 5 Township: 13 Range: 58 Sw4 Sw4 Total Acres 40
  • FULL LEGAL DESCRIPTION: download here
  • PLAT MAP/SURVEY: none (get County’s boundary/KML file here – opens in Google Earth)
  • TITLE: General Warranty deed (clean – no back taxes, no liens)
  • MINERAL RIGHTS: any mineral rights we own will convey to buyer; there is a half-interest reservation of mineral rights on file from 1952
  • DIMENSIONS (approximate): 1320′ x 1320′
  • FLOODPLAIN: none
  • ELEVATION: 5826 feet
  • TERRAIN: flat with two arroyos meeting in middle of tract and flowing south
  • CONDITION: undeveloped, cleared
  • ACCESS: 1320 feet of direct frontage on County Road 22 (south boundary) + 1320 feet of direct frontage on County Road 161 (west boundary)
  • POWER: power along the road
  • WATER: well would need to be installed
  • WASTEWATER: septic system would need to be installed
    • The built-in savings you receive on all Acretown properties frees up extra money to install a variety of conventional and more modern, non-conventional septic systems, like mound systems, pressurized dosing, plastic chamber leach fields, aerobic treatment, etc. (which have become popular solutions to non-satisfactory perc tests).
  • TAXES: $736.16 in 2022
  • HOA: none
  • RESTRICTIONS/ZONING: A – Agricultural
    • mobile, manufactured, modular homes OK
      • setbacks: 150 from road, 100′ from rear boundary
      • maximum height: 35 feet
      • no minimum home size
    • temporary homes OK
    • farming and many commercial uses OK
    • see full zoning regulations here
  • SCHOOL DISTRICTS: Simla (Elementary) – Simla (Middle School) – Simla (High School)
  • NEAREST CITIES: Simla < Limon < Colorado Springs
  • NEAREST AIRPORTS: Colorado Springs Airport (1 hr 5 mins), Denver International (1 hr 54 mins)

Owner Financed Land in Colorado | 40 acres | Fenced | Flat & Buildable | Mobiles Homes OK | Power


You can go view the property at your convenience – owner does not need to accompany. Please call/text us to let us know you’re heading out, so we can (1) confirm its availability (our land does sell fast), and (2) ensure we have our phone on us in case you need help or have any questions. We’d appreciate a couple hours notice if possible. In case you lose cell phone service, it may be helpful to print off as many helpful documents as you can before you head out there.

DRIVING DIRECTIONS: Click HERE to open the destination in Google Maps, and simply enter your starting point to get step-by-step directions.

  • From this link, you can press “Directions” (on the left), enter your starting point, and Google Maps will provide you with step-by-step directions.
  • You can also click “Send to Phone” if you’re viewing this on your computer
  • And “Save” to download the directions so they’ll still work if you lose cell service.

If for some reason you’re having trouble with that link, you can navigate to GPS coordinates: 38.940746, -103.923806

WALKING THE PROPERTY LINES w/YOUR PHONE: We highly recommend downloading Google Earth to your phone if you don’t already have it. Then . . .

  1. Download the property boundary file (called a KML or KMZ file) here. You may be prompted to click “download” one more time, so do that . . . OR you may be prompted to immediately open the file with Google Earth and, in that case, do that and ignore the remaining steps. Otherwise . . .
  2. Open Google Earth
  3. Go to the main menu (the three horizontal lines at the top left of the screen), then Projects > Open > Import KML file > select the KML file you just downloaded (it should show up on that screen).

Now you should be able to see the property lines on the map, and the green dot represents where you’re currently standing. This is a very important tool to learn BEFORE you head out there. Please call us if you have any questions about it.


The area surrounding Simla boasts an array of engaging recreational spots that appeal to nature enthusiasts and adventurers alike. Notably, Paint Mines Interpretive Park offers a unique landscape of colorful clay formations and historical significance. Additionally, the Limon Wetlands provide a serene environment for bird-watching and peaceful walks, while the Wind Energy Generation Viewpoint offers an educational glimpse into sustainable practices amidst stunning vistas. For daily necessities, Simla provides convenient grocery options. Those seeking a broader shopping experience can visit Colorado Springs, which is home to the nearest Walmart and serves as the area’s major city, complete with additional retail, dining, and medical services. This region beautifully blends rural charm with easy access to urban amenities, ensuring a well-rounded lifestyle.

NEARBYPaint Mines Interpretive Park (36 mins), Ramah Reservoir and State Wildlife Area (36 mins), Limon Wetlands (40 mins), Wind Energy Generation Viewpoint (47 mins), Cheyenne Mountain Zoo (1hr 22 mins), America the Beautiful Park (1 hr 11 mins), Adventures Out West (1 hr 15 mins), Ghost Town Museum (1 hr 15 mins), Magic Town (1 hr 14 mins), Starsmore Visitor and Nature Center (1 hr 17 mins), The Broadmoor Seven Falls (1 hr 22 mins), Kissing Camels (1 hr 24 mins), Garden of the Gods (1 hr 17 mins), Pikes Peak (2 hrs 16 mins), and more!

SIMLA (28 mins, nearest grocery store & town)

COLORADO SPRINGS (1 hr 7 mins, nearest Walmart & major city) 


OWNER FINANCING: We do offer owner financing under the following terms:

  • Purchase Price = $65,400
  • Down Payment = $13,080
  • Monthly Payment = $1,169.96
  • Term = 60 months

If you’d like to buy this property via owner financing, call or text Scott directly at 314.639.9777 or email him at info@acretown.com and we’ll get you set up!

OUTSIDE FINANCING: Your best deal for third-party financing will come from Rural 1st and their details are below:

Rural 1st is America’s leading land lender for rural properties and they require as little as 15% down on a 10 or 15-year fixed land loan, with no PMI, and they prefer a credit score of 720 or better. Please contact Michael Wirth by phone or email at (502) 553-8152 or michael.wirth@rural1st.com. They do serve Colorado.

We also recommend Hall & Hall, one of the best local land lenders in the area, and they require 25% down up to a 30-year term, with interest rates as low as 6.5%, with no pre-payoff penalties. You can contact Tina Ham by phone at (406) 839-9736. They serve all of Colorado.


Call or text Scott directly at 314.639.9777 or email at info@acretown.com if you’d like to discuss an offer. If you’re a Spanish speaker, please ask for Andy on our team and he’ll be glad to help you.

FOR SALE BY OWNER: We are investors, and are selling this lot For-Sale-By-Owner. You do not need to submit your offer through a real estate agent, and in our experience we close transactions more quickly and easily by having our dedicated transaction coordinator work directly with the Title Company and Buyers. We will also both save money on commission/fees by cutting out agents as the middle men. However, if you feel strongly about working with a Realtor, then you’re welcome to have them contact us on your behalf.


WHY ARE YOU SELLING IT SO CHEAP? We are often asked why we price our properties at below market value, and the answer is really simple: because we can, and that’s our core business model. We are investors who purchase properties at a large volume and deeply liquidated rates, and by passing this discount on to our buyers, we can sell land quickly . . . and more of it! In fact, our average property only lasts 2-3 weeks on the market (vs. industry average of about 6 months).

DISCLAIMER: We attempt to provide detailed, accurate and up-to-date information in our listings, in order to help our buyers to the best of our ability. However, it ultimately remains the buyer’s responsibility to perform their own due diligence and double check any details that are of significant importance to you including acreage, utilities, build-ability, and approved/allowable use-age for the property. We are happy to help however we can.

5005 CR 161
Ramah, CO 80832
Lot Size:
For Sale
Property Type:

Call 314.639.9777 for more details

Property Location