Elizabeth Equestrian Ranch offers 144 acres of beautiful gently rolling hills grading into the Running Creek valley with grassland pastures and excellent buildings including an executive class home, indoor arena and other equestrian facilities located a few miles north of Elizabeth, CO. The property includes 198 Acre Feet of Denver Basin water rights and is currently used for livestock ranching and equestrian activities. Boasting Pikes Peak Mountain views overlooking the Running Creek Valley, the property has a warm protected surrounding and is ideal for a livestock and/or horse operation and recreational activities. The property is ideally situated for future development into smaller ranchettes; however, its most promising opportunity is a private equestrian estate. The center piece improvement is the custom built 4700+ square foot Main Home which is a wood frame, stucco sided, concrete tile roof built home. The interior shows the custom finishes throughout the 4-bedroom, 5 bath (2 full, 2 ¾ and 1 half) home which has a main floor master, beautiful great room with Pikes Peak views and custom kitchen with large granite tiled center island, dining room and office. The lower level has a large living area with walkout patio, additional bedrooms, bathrooms, fitness room and utility room. Complemented with 3 car garage, beautiful westerly facing patios and landscaping, the main residence has both stature and beautiful views of the scenic countryside. The property has first class equestrian facilities that would fold in well for any equestrian discipline. The steel framed metal indoor arena (120 x 200) has been used extensively for team roping and working ranch horse events. There are roping chutes and return alleys in the building along with 4 built in stalls with outdoor runs as well as a tack room. A level area exists to install an outdoor arena if desired. A Priefert exercise walker, round pen and several paddock sheds add to the design.