The L&M Ranch is a rare find on the eastern plains of Colorado. When one thinks of eastern Colorado ranches, thoughts are of rolling prairie grass with the occasional tree. Not so on the L&M Ranch. This ranch consists of rolling prairie grass and farm ground, but also includes 2 plus miles of tree lined creek bottom with numerous spring fed ponds and a 220 acre reservoir. Being close to Denver, it is a great recreational ranch with income potential from the water resource that is available. The ranch also could be placed under a conservation easement providing significant conservation and tax benefits.
Location
The ranch is located approximately 1 mile from the town of Agate, Colorado. Agate is located approximately 1 hour east of Denver and 1.5 hours from Colorado Springs.
Legal Description:
Located in Section 2, 3, 11 and 12, Township 7 South, Range 59 West.
Land
Acreage of the property consists of 1036 acres with approximately 300 dryland acres, 500 acres in grass pasture, 220 surface acres included with the Children’s reservoir (formerly Ball Reservoir) and over 2 miles of tree lined creek which includes spring fed ponds and wetlands. The property is relatively flat at an elevation of approximately 5400 feet.
Water
Water on the property includes 2 adjudicated small ponds (permit #47100-F) equaling approximately 3 acres sufficient for warm water fishing, a 220 acre reservoir impoundment decreed for up to 7,727 acre feet of water sourced from the Godfrey Gulch (Case #79-CW182). The 7,727 acre feet of water is an intermittent source, the 220 acre reservoir has added value to the ranch due to being a permitted reservoir for water storage. Permitting such a storage area would require significant time and resources.
Improvements
Only minimal improvements on property including small barn with apartment on upper level.
Wildlife
With the existence of food, water and habitat, the L & M Ranch offers a great setting for Whitetail Deer, Mule Deer, Antelope, Ducks, Dove, Turkeys and Fishing.
Minerals
Seller owns a portion of the minerals and will convey all minerals owned by Seller.
Taxes: $1268
Zoning: Elbert County Agricultural
