ASSUMABLE MORTGAGE and LOCATION, LOCATION, LOCATION. TWO INDOOR ARENASHere is your opportunity to own one of the closest operating horse facilities to downtown Castle Rock, with NO HOA! This property in Unincorporated Douglas County lends itself to many different uses and a currently unheard-of assumable mortgage (for qualified buyers) of 4.7% on a $1,295,000 loan amount. Located on picturesque Lake Gulch Rd with expansive views of both landmark Castle Rock and Elephant Rock, the property features a quaint home that offers an updated kitchen, master bedroom suite, bath, new pump, and a water heater. 12-month home warranty included. You will love the sunsets from the yard and back deck with space/electrical for a hot tub and will appreciate incredible convenience to grocery stores, restaurants, and the Castle Rock outlet mall. Low 4% retail tax rate. Just minutes to the Douglas County Fairgrounds for equestrian events of all kinds. The horse facilities are extensive, including two indoor arenas (a larger one offers newly installed deep sand footing) both with bright LED lighting, and an outdoor arena, the main barn has 12 stalls and is complete with a tack room, grooming areas, feed room, office, and recently renovated bathroom. The smaller barn has 8 stalls, an updated office, tack/feed room. There are numerous pens, turnout areas, and shelters along with a stream-fed pasture. Easy trailering to Dawson Butte and other parks for riding. The property is currently divided into 2 parcels, (11.93 acres with improvements and the other, 5 acres of vacant land) however both parcels are in the process of being combined with a new legal description to be assigned for a total of 16.93 acres. Douglas County currently allows two boarded horses and up to two horses per acre of your own, without a Use By Special Review permit. Or, perhaps you might have another creative purpose for this land and facility? ... Read more