Prime development opportunity or estate style living on 40 acres with lush rolling green meadows, views of the large neighboring pond and phenomenal Pikes Peak views. Parcels of this size are unusual and rarely come on the market. This property could suit many uses - close-in ranch to build your dream home, land development into smaller parcels, future investment, equestrian estate - the possibilities are endless. Water rights in all 4 aquifers are available for adjudication and augmentation and would provide an abundance of ground water in all four aquifers. The property is currently zoned RR-5 so the property could be subdivided into 8 parcels of 5 acre each with El Paso County approval. Possible subdivision into 16 parcels of 2.5 acres each with county approval on a rezone and subdivision. Located in desirable and award winning School District 38. Close proximity to Flying Horse North Golf Course and Kings Deer Golf Course. Only 20 minutes to Colorado Springs or 45 minutes to Denver. Located only 2 miles to Highway 83 and a short distance further to I-25. Located near the upscale communities of Flying Horse north, High Forest Ranch, Settler Ranch and Kings Deer. Low agricultural taxes to keep holding costs minimal. Amazing wildlife with herds of antelope, deer, fox and elk. No covenants or HOA. Zoned for horses, cattle and outbuildings. Located off of a paved county maintained road. This is a unique opportunity for an astute buyer or developer looking for prime land in the fast growing and sought after Black Forest area. No covenants or HOA. Zones for horses, livestock and other animals as well as outbuildings.
Vacant landProperty Type
40 acresLot Size
$16,875Price/Acres
Listed by Michael Turner• LIV Sotheby's International Realty
Prime development opportunity or estate style living on 40 acres with lush rolling green meadows, views of the large neighboring pond and phenomenal Pikes Peak views. Parcels of this size are unusual and rarely come on the market. This property could suit many uses - close-in ranch to build your dream home, land development into smaller parcels, future investment, equestrian estate - the possibilities are endless. Water rights in all 4 aquifers are available for adjudication and augmentation and would provide an abundance of ground water in all four aquifers. The property is currently zoned RR-5 so the property could be subdivided into 8 parcels of 5 acre each with El Paso County approval. Possible subdivision into 16 parcels of 2.5 acres each with county approval on a rezone and subdivision. Located in desirable and award winning School District 38. Close proximity to Flying Horse North Golf Course and Kings Deer Golf Course. Only 20 minutes to Colorado Springs or 45 minutes to Denver. Located only 2 miles to Highway 83 and a short distance further to I-25. Located near the upscale communities of Flying Horse north, High Forest Ranch, Settler Ranch and Kings Deer. Low agricultural taxes to keep holding costs minimal. Amazing wildlife with herds of antelope, deer, fox and elk. No covenants or HOA. Zoned for horses, cattle and outbuildings. Located off of a paved county maintained road. This is a unique opportunity for an astute buyer or developer looking for prime land in the fast growing and sought after Black Forest area. No covenants or HOA. Zones for horses, livestock and other animals as well as outbuildings.
REColorado as Distributed by MLS Grid #4723707
May 15, 2026
Relisted
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Apr 27, 2026
Pending
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Feb 10, 2026
Listed
$675,000
REColorado as Distributed by MLS Grid #1867230
Dec 8, 2025
Listing Removed
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Jun 24, 2025
Listed
$699,900
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
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Total Sq. Ft.
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Vacant Land
County
El Paso County
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Last updated by owner on Oct 22, 2026.
RR-5
Residential Rural District
The RR-5 zoning district is a 5 acre district intended to accommodate low-density, rural, single-family residential development.
Permitted uses
Include but are not limited to:
Agriculture
Dairy
Greenhouse / nursery
Livestock production
Religious facility
Housing-Group
Housing-Single unit
Educational/school
Kennel
Housing-Mobile home park
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
5/10 Fire Factor
3% chance of being in a wildfire in next 30 years
1/10 Heat Factor
7 days above 84° expected this year, 19 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Black Forest, CO • 80908
Average low and high temperatures (°F)
40
19
50
27
60
35
60
37
65
43
79
55
84
60
81
58
73
51
67
43
52
31
51
29
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
97/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.2 hrs
6.6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for Lot 1 Steppler Rd
$645,698
$29K under list price of $675K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $445K to $1.4M.