Ridge Lands

Dacono, Colorado

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Project Highlights

LC Real Estate Group is pleased to present the opportunity to purchase +/- 62.37 acres, planned for 193 single family residential units, known as Ridge Lands. The community is located 0.5 miles from Downtown Dacono directly on CO Highway 52. The project offers the following attributes:

  • Preliminary Development Plat (PDP) approval in place from the City of Dacono for 193 single-family lots.
  • Ridge Lands is eligible for the City of Dacono’s cash-in-lieu program to purchase 100% of raw water for the entire project.
  • Reduced raw water requirement to 0.6 Acre Feet (AF) on 100% of lots.
  • Existing Metropolitan District in place and will be transferred to the Buyer at time of sale. The District shows bonding capacity of $12,396 per lot according to bond capacity study completed in 2021.
  • All utilities stubbed to property, and have available capacity for the entire project.
  • Extremely favorable development agreement in place giving the buyer flexibility on building materials, and minimizing off-site development costs to nil.
  • Excellent location with high visibility marketing window on Highway 52, the primary entrance to Dacono and Frederick, approximately 1.8 miles east of Interstate 25.
  • Ridge Lands abuts farmland to the south and west providing open and sweeping views of the Colorado mountains. Builders will be able to increase absorption and capture lot premiums attributable to these uninterrupted views.
  • Exceptional opportunity to deliver competitively priced housing at an affordable price point in Erie-Frederick Submarket, one of the fastest growing submarkets in Colorado.
  • Low land development costs due to efficient layout with all lots 6,000 SF or less.
  • Trailing twelve months (TTM) average sold new home price of $447,240 in 3-mile radius. Top selling communities include D.R. Horton’s – Clark Ranch, with an average new home price of $437,000 with an average absorption of 6.5 sales per month.
  • Directly north of Ridge Lands fronting Hwy 52 is Silverstone. Century Communities is building new homes from $454,000-$506,000, and Richmond American from $455,000-$494,000.

Exclusively Marketed For Sale By:

Wayne Lewis

Wayne Lewis

Senior Partner
Senior Broker

(303) 588-8808
Nathan Klein

Nathan Klein

Senior Partner
Com. Managing Broker

(970) 222-2473