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16312 E State Highway 115, Florence, CO, 81226

1beds
1baths
400sqft
$205,000
$513price/sqft
$1,432/moest. monthly cost
$57,280/yrincome needed

About This Home

Opportunity is knocking on this versatile **1.93-acre property** with **3.1 shares of Rainbow Ditch water**! Whether you're dreaming of building your forever home, creating an income-producing property, or enjoying a peaceful country retreat, this property offers endless potential. The finished outbuilding provides a comfortable, functional space featuring a bathroom with shower, a **studio-style bedroom with an additional loft sleeping space**. It's an ideal setup to use while building your dream home, renting as AirBNB or as a flexible space for guests, hobbies, or future possibilities. The back portion of the property is currently used to grow hay, maximizing the value of the acreage and valuable irrigation water shares. Two RV dump stations add even more convenience for RV owners or future development plans. With **flexible zoning**, this property opens the door to a variety of uses. The existing improvements also offer **excellent short-term rental potential** (subject to local regulations and permitting). As an added bonus, the **Conex container and tractor are included with an acceptable offer**, making it even easier to hit the ground running. Bring your vision and explore the possibilities this unique property has to offer! **Disclaimer:** All information is deemed reliable but is not guaranteed. Buyers and buyers' agents are responsible for independently verifying all information, including but not limited to square footage, measurements, zoning, permitted uses, water rights, ditch shares, utility availability, and any other information material to the buyer's intended use of the property.

Getting Around

1
WalkingCar-Dependent
0
TransitVery Limited Transit
38
BikeSomewhat Bikeable

Schools

4/10
Fremont Elementary SchoolGrades PK-62.4 mi
3/10
Florence High SchoolGrades 7-122.2 mi

Construction

Condition

  • Year built: 2025

Materials

  • Construction materials: Other

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • 3/4 bathrooms: 1

Heating & Cooling

  • Heating features: Wood
  • Cooling features: Ceiling Fan(s)

Interior Area

  • Total structure area: 400
  • Total interior livable area: 400 sqft

Property

Details

  • Parcel number: 73001750

Features

  • Stories: 1
  • Has view: Yes
  • View description: Mountain(s),View of Pikes Peak

Lot

  • Lot size: 1.93 Acres
  • Features: Level,Rural,See Remarks

Parking

  • Parking features: Other
  • Has garage: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingVery High
  • Lightning
    LightningVery High
  • Hail
    HailRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Strong Wind
    Strong WindModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Inland Flooding
Lightning
Hail
Winter Weather
Strong Wind
Wildfire

FEMA Declared Disasters Across Colorado Counties

Fire
Flood
Severe Storm
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,036$12,432
Home Insurance *$149$1,788
Property Taxes $61$732
Electricity $186$2,232
Total$1,432$17,184
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$49,097/yr
40% on housing$42,960/yr
45% on housing$38,186/yr

Colorado FAIR Plan Programs

Colorado FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 12.6%
12.6%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 5.4%
5.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$513This listing

vs Other Active Listings

Avg $/sqft

ZIP 81226$149
Fremont County$159

vs Homes Sold Last Month

Median $/sqft

ZIP 81226$168
Fremont County$209

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-16Listed for sale$205,000

For Sale by Agent

AgentJayme Newsom
BrokerageHomesmart Preferred Realty

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