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$3,279,000
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Property Description
To-be-built custom home opportunity in Grandwood Ranch on a rare 2.5-acre homesite backing to over 10 acres of community open space. This proposed residence is thoughtfully designed by Colarelli Custom Homes to pair elevated architecture, privacy, and flexible living with one of Monument's most desirable wooded settings. The Cutler plan offers a refined layout with generous main-level living, an open great room, spacious kitchen and dining areas, private bedroom wings, a dedicated office, and strong indoor/outdoor connectivity designed to take advantage of the natural surroundings. The proposed design includes a main-level primary suite, additional bedroom suites, a large attached garage, covered outdoor living areas, and a finished lower level with a recreation room, wet bar, guest accommodations, storage, and flexible space for extended family or guests. The plan also includes a private apartment-style living area with its own bedroom, bath, kitchen/living area, and garage access, creating a rare opportunity for multi-generational living, long-term guests, caretaker quarters, or private work-from-home flexibility. Located in the coveted Grandwood Ranch community, this homesite offers mature trees, exceptional privacy, and a peaceful setting surrounded by stately custom homes. Enjoy quiet mornings, east-facing sunrise potential, open space behind the property, and the convenience of quick access to I-25, northern Colorado Springs, Monument, Castle Rock, Denver, and Denver International Airport. This is a rare opportunity to combine a premier Grandwood Ranch lot with a thoughtfully designed custom home package. Final pricing, specifications, square footage, finishes, engineering, permitting, utility requirements, and construction timeline are subject to final plan approval, buyer selections, and construction contract. Renderings, floor plans, and images are for conceptual marketing purposes only and may not reflect final construction.
Full Property Details
Full Property Details for 331 Grandwood Dr
General
- Price: $3,279,000
- HOA FEE: $42/month
- HOA FEE FREQ.: Annual
- Taxes: $4,436 (2025)
- Status: Active
- Type: Single Family
- Source: PikesPeak
- MLS ID: 3702780
- Updated: 6/15/2026
- Added to Site: 48 day(s) ago
Interior
- Fireplace(s): Basement, Gas, Lower Level, Main Level, Masonry, Stone, Two
- Appliances: Dishwasher, Disposal, Dryer, Gas in Kitchen, Kitchen Vent Fan, Microwave, Oven, Range, Refrigerator, Washer
Rooms
Bathrooms
- Total Bathrooms: 6
- Full Bathrooms: 3
- 3/4 Bathrooms: 2
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Laundry: Gas Hookup, Main
Parking
- Garage Spaces: 5
- Garage Description: Attached, Even with Main Level, Garage Door Opener, Oversized
Location
- County: El Paso
- Subdivision: Grandwood Ranch Estates
School Information
- School District: Palmer-38
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Radiant
Utilities
- Water: None
- Utility Description: Electricity Available, Natural Gas Available
Structural Information
- Description/Design: Ranch
- Structure Type: Frame
- Builder: Colarelli Custom Homes
- Model: The Cutler
- Construction Status: To Be Built
- Exterior Const.: Aluminum/Vinyl/Steel, Stone, Stucco
- Roof: Metal
- Square Feet: 5,466
- Main/1st Level: 3,570 Sq. Ft.
- Down/Basement: 1,896 Sq. Ft.
- Finished Total: 5,466 Sq. Ft.
- Basement Finished: 100%
- Lower Finished: 100%
- Year Built: 2026
Lot Features
- Lot Size (Acres): 2.52
- Lot Size (Sq. Ft.): 109,771.2
- Lot Description: Backs to Open Space, Level, Meadow, Trees/Woods
Financial Considerations
- Association Fee: Yes
- Association Fee: $500
- Assoc Fee Freq.: Annual
- Tax Amount: $4,436
- Tax Year: 2025
Listed by Pinon Real Estate Group
Get Pre-Approved Today
Schools
Schools serving 331 Grandwood Dr
School District:Lewis-Palmer School District 38
| Name | Grades | Distance |
|---|---|---|
Lewis-Palmer Elementary School 1315 Lake Woodmoor Drive, Monument, CO 80132 | PK-6 | 2.1 mi |
Prairie Winds Elementary School, Monument, CO 790 King's Deer Point East, Monument, CO 80132 | K-6 | 2.3 mi |
Lewis-Palmer Middle School 1776 Woodmoor Drive, Monument, CO 80132 | 7-8 | 2.7 mi |
Lewis-Palmer High School 1300 Higby Road, Monument, CO 80132 | 9-12 | 1.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 331 Grandwood Dr
Date
Details
Price
Change
Source
5/29/2026
Listed
$3,279,000
908.92%
MLS
5/05/2022
Sold
$325,000
—
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 331 Grandwood Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,436
-13%
$66,200
-4%
2024
$5,123
—
$68,750
-11%
2024
$5,123
-1%
$77,210
—
2023
$5,184
1925%
$77,210
1953%
2021
$256
-93%
$3,760
-93%
2022
$3,667
—
$54,210
—
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 331 Grandwood Dr
331 Grandwood Drive, Monument, CO 80132 (MLS# 3702780) is a Single Family property with 4 bedrooms, 3 full bathrooms and 3 partial bathrooms. 331 Grandwood Drive is currently listed for $3,279,000 and was received on May 29, 2026. Want to learn more about 331 Grandwood Drive? Do you have questions about finding other Single Family real estate for sale in Monument? You can browse all Monument real estate or contact a Coldwell Banker agent to request more information.

