ASSUMABLE MORTGAGE and LOCATION, LOCATION, LOCATION. TWO INDOOR ARENAS
Here is your opportunity to own one of the closest operating horse facilities to downtown Castle Rock, with NO HOA! This property in Unincorporated Douglas County lends itself to many different uses and a currently unheard-of assumable mortgage (for qualified buyers) of 4.7% on a $1,295,000 loan amount. Located on picturesque Lake Gulch Rd with expansive views of both landmark Castle Rock and Elephant Rock, the property features a quaint home that offers an updated kitchen, master bedroom suite, bath, new pump, and a water heater. 12-month home warranty included. You will love the sunsets from the yard and back deck with space/electrical for a hot tub and will appreciate incredible convenience to grocery stores, restaurants, and the Castle Rock outlet mall. Low 4% retail tax rate. Just minutes to the Douglas County Fairgrounds for equestrian events of all kinds. The horse facilities are extensive, including two indoor arenas (a larger one offers newly installed deep sand footing) both with bright LED lighting, and an outdoor arena, the main barn has 12 stalls and is complete with a tack room, grooming areas, feed room, office, and recently renovated bathroom. The smaller barn has 8 stalls, an updated office, tack/feed room. There are numerous pens, turnout areas, and shelters along with a stream-fed pasture. Easy trailering to Dawson Butte and other parks for riding. The property is currently divided into 2 parcels, (11.93 acres with improvements and the other, 5 acres of vacant land) however both parcels are in the process of being combined with a new legal description to be assigned for a total of 16.93 acres. Douglas County currently allows two boarded horses and up to two horses per acre of your own, without a Use By Special Review permit. Or, perhaps you might have another creative purpose for this land and facility?
Sold for $1,425,000
$1,425,000
873 Lake Gulch Road, Castle Rock, CO 80104
4beds
2,986sqft
Single Family Residence
Built in 1972
16.93 Acres Lot
$1,485,500 Zestimate®
$477/sqft
$3,576 Estimated rent
Home value
$1,485,500
$1.35M - $1.66M
$3,576/mo
Zestimate® history
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$8,228/mo
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List your homeWhat's special
Zillow last checked: 7 hours ago
Listing updated: August 05, 2025 at 04:33pm
Listed by:
Rowland Robinson Jr. 303-522-4811 shopcolorado@gmail.com,
RE/MAX PROFESSIONALS
Bought with:
Lisa M. Taylor, 40000369
Compass - Denver
Source: REcolorado as distributed by MLS GRID,MLS#: 3825248
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Primary bedroom
- Description: Large Master Suite With Fireplace
- Level: Main
- Area: 529 Square Feet
- Dimensions: 23 x 23
Bedroom
- Level: Upper
Bedroom
- Level: Main
Bedroom
- Level: Upper
Primary bathroom
- Description: Large, Filled With Light And Updated
- Level: Main
Bathroom
- Level: Upper
Bathroom
- Level: Lower
Dining room
- Level: Main
- Area: 144 Square Feet
- Dimensions: 12 x 12
Family room
- Level: Lower
Kitchen
- Description: Updated Gourmet Kitchen
- Level: Main
- Area: 182 Square Feet
- Dimensions: 13 x 14
Heating
- Forced Air, Propane
Cooling
- None
Appliances
- Included: Dishwasher, Disposal, Double Oven, Electric Water Heater, Microwave, Range Hood, Refrigerator
Features
- Eat-in Kitchen, Five Piece Bath, Granite Counters, Open Floorplan, Primary Suite, Smoke Free, Walk-In Closet(s)
- Flooring: Carpet, Wood
- Windows: Double Pane Windows
- Basement: Full
- Number of fireplaces: 2
- Fireplace features: Family Room, Master Bedroom, Wood Burning
Interior area
- Total structure area: 2,986
- Total interior livable area: 2,986 sqft
- Finished area above ground: 2,154
- Finished area below ground: 624
Property
Parking
- Total spaces: 4
- Parking features: Garage
- Garage spaces: 4
Features
- Levels: Multi/Split
- Patio & porch: Front Porch, Patio
- Exterior features: Garden, Rain Gutters
- Has spa: Yes
- Spa features: Spa/Hot Tub
- Fencing: Fenced,Partial
- Has view: Yes
- View description: City, Mountain(s)
- Waterfront features: Stream
Lot
- Size: 16.93 Acres
- Features: Sloped, Sprinklers In Front, Sprinklers In Rear
Details
- Parcel number: R0057832
- Zoning: RR
- Special conditions: Standard
- Horses can be raised: Yes
- Horse amenities: Loafing Shed, Paddocks, Water - Stream/Spring, Well Allows For
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Brick, Frame, Other
- Foundation: Slab
- Roof: Composition
Condition
- Year built: 1972
Details
- Warranty included: Yes
Utilities & green energy
- Electric: 220 Volts
- Water: Well
Community & neighborhood
Location
- Region: Castle Rock
- Subdivision: Castle Rock
Other
Other facts
- Listing terms: Cash,Conventional,Jumbo
- Ownership: Individual
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 11/10/2023 | Sold | $1,425,000-10.9%$477/sqft |
Source:  REcolorado as distributed by MLS GRID #3825248 Report a problem | ||
| 10/12/2023 | Pending sale | $1,599,000$535/sqft |
Source: REcolorado as distributed by MLS GRID #3825248 Report a problem | ||
| 9/28/2023 | Price change | $1,599,000-3.1%$535/sqft |
Source: REcolorado as distributed by MLS GRID #3825248 Report a problem | ||
| 5/24/2023 | Price change | $1,650,000-5.7%$553/sqft |
Source: REcolorado as distributed by MLS GRID #3825248 Report a problem | ||
| 4/25/2023 | Price change | $1,749,000-2.8%$586/sqft |
Source: REcolorado as distributed by MLS GRID #3825248 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,591 -3.7% | $80,280 +13.6% |
| 2024 | $5,808 +32.6% | $70,670 -25.5% |
| 2023 | $4,381 +10.5% | $94,850 +77.5% |
Find assessor info on the county website
Neighborhood: 80104
Nearby schools
GreatSchools rating
- 6/10South Ridge Elementary An Ib World SchoolGrades: K-5Distance: 1.4 mi
- 5/10Mesa Middle SchoolGrades: 6-8Distance: 2.7 mi
- 7/10Douglas County High SchoolGrades: 9-12Distance: 3 mi
Schools provided by the listing agent
- Elementary: South Ridge
- Middle: Mesa
- High: Douglas County
- District: Douglas RE-1
Source: REcolorado as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$1,485,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,485,500
- Colorado
- Douglas County
- Castle Rock
- 80104
- 873 Lake Gulch Road