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$3,999,000 -$701,000 (-14.91%) Price Reduced
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Property Description
Castlewood Equestrian Center is a full-scale boarding and training facility located on a total of 151 acres just west of Franktown, Colorado. The property currently is permitted for 130 horses on site. Improvements include a large indoor stall barn with 44 heated stalls and an attached indoor riding arena. The remainder are covered outdoor open stalls with runs or loafing sheds with paddocks. Additional improvements include turnout pens, pastures, large shop and hay storage, and various round pens, sheds and tack rooms. The facility is professionally managed, modern and clean, with a constant waiting list. The amenities include riding indoors as well as on the property. Additionally, the property adjoins and has access to the Cherry Creek Trail system and Mesa Buttes open space offering unlimited trail riding. The tastefully remodeled home on site rounds out the property. An ancillary property of 36 acres is also available for buyers to acquire if the facility is purchased, but is not a part of this listing. Potential buyers must provide verifiable proof of financial ability prior to scheduling a showing. 48 hours notice required. Listing Brokers will be present at all showings.
Full Property Details
Full Property Details for 5525 E State Hwy 86
General
- Price: $3,999,000
- Taxes: $17,117 (2023)
- Status: Active
- Type: Farm
- Source: IRES
- MLS ID: 1010944
- Updated: 3/10/2026
- Added to Site: 649 day(s) ago
Interior
- Interior Features: Eat-In Kitchen, Separate Dining Room, Open Floorplan, Workshop, Walk-In Closet(s), Washer/Dryer Hookup
- Appliances: Gas Range, Dishwasher, Refrigerator, Washer, Dryer, Microwave, Gas Bar-B-Q, Disposal
Rooms
Bathrooms
- Total Bathrooms: 3
Bedrooms
- Total Bedrooms: 4
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 3
- Parking Features: Attached
- Garage Description: Attached
Location
- Area: Franktown
- County: Douglas
- Subdivision: None
- Driving Directions: Hwy 86 Please call listing Broker. By appointment only with Listing Broker. Gated Property.
School Information
- School District: Douglas County RE-1
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Forced Air
Utilities
- Gas: Propane
- Sewer: Septic Tank
- Water: Well
- Utility Description: Electricity Available, Propane, Cable Available
Structural Information
- Architectural Style: Farmhouse
- Construction: Frame, Metal Siding
- Exterior Const.: Frame, Metal Siding
- Basement: Yes
- Basement Desc.: Partially Finished, Walk-Out Access
- Roof: Composition, Metal
- Square Feet: 3,144
- Sq. Ft. Source: Assessor
Additional Structures
- Other Structures: Corral(s), Barn(s), Shed(s), Livestock Shed
Lot Features
- Lot Size (Acres): 151.29
- Lot Size (Sq. Ft.): 6,590,192
- Frontage: Priv Rd up to County Standards, County Maintained, Highway
- Street/Road Desc.: Asphalt
- Fence: Yes
- Lot Features: Pasture, Dry, Evergreen Trees, Deciduous Trees, Native Grass, Level, Rolling Lot, Abuts Pond/Lake, Abuts Public Open Space, Meadow, Paved, Water Rights Included
- Potential Use: Single-Family, Farm, Business
- Zoning: Various
- Fencing (Description): Fenced, Security, Other, Wire, Vinyl
Horse Property
- Horse Property: Yes
- Horse Facility Desc.: Horse(s) Allowed, Barn, Corral(s), Pasture, Arena, Tack Room, Loafing Shed, Hay Storage, Riding Trail
Green Features
- Energy Efficient: Windows
Financial Considerations
- Tax Amount: $17,117
- Tax Year: 2023
- Terms: Cash, Conventional, 1031 Exchange
Disclosures and Reports
- Special Conditions: Private Owner
- Exclusions: All farm and ranch equipment, tenant furnishings.
- Property ID: R0372434
Listed by Mason & Morse Ranch Company (877) 207-9700
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Schools
Schools serving 5525 E State Hwy 86
School District:Douglas County School District Re-1
| Name | Grades | Distance |
|---|---|---|
Franktown Elementary School 1384 Colorado 83, Franktown, CO 80116 | K-5 | 4.5 mi |
Sagewood Middle School 4725 Fox Sparrow Road, Parker, CO 80134 | 6-8 | 3 mi |
Ponderosa High School 7007 Bayou Gulch Road, Parker, CO 80134 | 9-12 | 2.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5525 E State Hwy 86
Date
Details
Price
Change
Source
3/10/2026
Price Reduced
$3,999,000
-14.91%
MLS
4/03/2025
Price Reduced
$4,700,000
-4.08%
MLS
8/22/2024
Price Reduced
$4,900,000
-9.18%
MLS
5/31/2024
Listed
$5,395,000
134.57%
MLS
7/25/2014
Sold
$2,300,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 5525 E State Hwy 86
Year
Property Taxes
Change
Tax Assessment
Change
2025
$17,940
4%
$201,670
-1%
2024
$17,232
-1%
$203,630
—
2023
$17,424
15%
$203,630
13%
2022
$15,088
-56%
$180,220
-56%
2021
$34,448
296%
$408,460
298%
2020
$8,705
—
$102,660
—
2019
$8,746
5%
$102,660
7%
2018
$8,352
7%
$96,300
—
2017
$7,776
—
$96,300
2%
2016
$7,764
-2%
$94,290
—
2015
$7,941
4%
$94,290
11%
2013
$7,627
—
$84,650
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5525 E State Hwy 86
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