Colorado City home site

The Colorado real estate market is booming, but here’s an opportunity to get in at a really affordable price. This lot, set in Colorado City (just outside of Pueblo), is .2 acres. As you can see from the pictures below, it’s on a street where development has not yet started, but it backs up to developed properties. What makes that special? Well it means that you can get this at an absolute bargain, well below the price of the properties on paved roads, knowing that once they pave the road your investment skyrockets. With houses right behind it, utilities will be available immediately once Indian Falls Dr. is paved.

The location is ideal with mountain views all around and close proximity to Pueblo (25 minutes), Colorado Springs (1 hour) and Denver (2 hours). You’re also just a day trip away from one of the coolest national parks in the U.S.A in the Great Sand Dunes National Park (If you’ve never been, Google it for some awesome pictures!). How many places in the world offer bare desert sand dunes with a mountain backdrop?

Overall, I think this property offers excellent investment potential. If you’re looking to build a house right away, I may recommend going for another lot on a paved road, but if you’re willing to be a little patient and want to watch your money double or triple (or just have time to wait before building that retirement home you’ve been dreaming about), this is for you.