




16312 E State Highway 115, Florence, CO, 81226
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
Schools
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
- Lightning
- Hail
- Winter Weather
- Strong Wind
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters Across Colorado Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,036 | $12,432 |
| Home Insurance * | $149 | $1,788 |
| Property Taxes | $61 | $732 |
| Electricity | $186 | $2,232 |
| Total | $1,432 | $17,184 |
Income You'd Need if You Spent...
Colorado FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-16 | Listed for sale | $205,000 |
