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Elbert County, CO · Sold

CO-957048

8659 County Road 8

$719,300
$4,845/ac · 148 ac
Acreage148 ac
Price per acre$4,845/ac
ZoningRecreational
Road accessGravel
UtilitiesOff grid
TopographyWooded
ListedDec 28, 2025
Coordinates39.3466, -104.1381
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County GIS boundary

We do not yet have an active public ArcGIS connection for this county. Use the official source link to verify the parcel boundary and flood/zoning layers.

County market

Elbert County, Colorado. Front Range spillover and San Luis Valley off-grid lots moving fast.

View Elbert market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index
16
Low risk
Wetlands8.7% of tract

Little to no mapped wetland coverage.

Average slope5.8%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

2,767 ft of deeded road frontage.

Power14,502 ft away

A long utility run — price in solar/off-grid instead.

Buildable area128.78 of 148.47 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$714,255
$602,857$825,652 · $4,811/ac on 148 ac
Asking vs estimate
+0.7%
In line with the comp set

Weighted from 10 recorded sales, adjusted for tract size, access, utilities and time since sale. Range width reflects dispersion across the comp set.

AI deal brief

Comps, diligence flags, an offer number and what to ask the seller.

Offer calculatorAsking $719,300
Maximum allowable offer
$408,146
$2,749/ac · +30.0% target margin

You need $311,154 off asking to hit this margin.

All-in cost$442,838
Net resale$657,114
Projected profit$214,276
ROI+48.4%
Annualized+69.2%
Break-even resale$3,242/ac
Profit if resale lands off target
-20%
$82,853
-10%
$148,565
0%
$214,276
+10%
$279,987
+20%
$345,699
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
CO-126908
Dirt · Power at road
134.2Feb 20, 2026$653,6004,8724,7836.6 mi
79
CO-135736
Gravel · Full utilities
57.4Jul 19, 2026$390,1006,7983,7817.8 mi
77
CO-225839
Landlocked · Off grid
61.8Jul 27, 2026$267,2004,3215,1492.3 mi
76
CO-926645
Gravel · Full utilities
110.9Sep 12, 2025$573,1005,1693,4689.1 mi
74
CO-906969
Paved · Power at road
140.2Jun 13, 2024$1,011,2007,2125,5847.5 mi
71
CO-525776
Landlocked · Full utilities
59.1Jul 27, 2026$349,7005,9204,8678.9 mi
69
CO-178583
Dirt · Power at road
451.4Mar 7, 2026$1,854,7004,1095,6823.8 mi
67
CO-137812
Paved · Off grid
258.2Sep 11, 2024$1,189,0004,6054,9175.1 mi
67
CO-946469
Landlocked · Power at road
97.6Jun 6, 2024$460,7004,7205,7874.9 mi
66
CO-435709
Dirt · Off grid
56.3Dec 1, 2024$243,1004,3204,2664.4 mi
63
Show adjustment detail for the top comp
  • Tract size (134.15 ac → 148.47 ac)-2.6%
  • Access (Dirt → Gravel)+16.3%
  • Utilities (Power at road → Off grid)-15.0%
  • Market time (6 mo)+2.0%

Step 3 · Market it

Turn this underwriting into a listing

Generate a comp-priced headline, listing description, land-group post and cash-buyer email for this tract — then post it to the investor marketplace.