Exceptional Investment or Multi-Family Living Opportunity – 5 Acres w/ 3 Homes Bordering National Forest. Discover a rare & versatile opportunity in Teller County, just outside the City of Woodland Park. This unique 5-acre property, featuring three separate residences, offers a flexible setup ideal for short-term rentals, long-term leasing, or multi-generational living. With direct access to National Forest land, residents & guests enjoy unmatched privacy, scenic views, & a true mountain lifestyle. No Short-Term Rental Restrictions. This property is located outside the Woodland Park city limits & is not subject to recent short-term rental moratorium—making it a prime candidate for Airbnb or VRBO income. Both rental cabins have a proven track record & are fully turn-key. Main Residence (Ranch Style), Spacious open floor plan w/ vaulted ceilings, large kitchen, moss rock fireplace, & built-in bookcases, 3 bdm, 2 baths on the main level, LL incl. a family room, workshop, guest suite w/ private entrance, ¾ bath, & walk-in closet Recent updates: New carpeting, paint, renovated bathrooms, upgraded fixtures, & a new furnace. Attchd 3-car garage. 2nd Home– Log Cabin (1,000+ sq ft), vaulted ceilings & open-concept living space, 2 bedrooms, 1 full bathroom, full kitchen & laundry, scenic views of Pikes Peak, recently updated w/ new carpeting, paint, fixtures, bathroom renovation, new furnace, & hot water heater, served by a private well. 3rd Home– Log Cabin (656 sq ft), One bedroom plus a loft & ¾ bathroom, Cozy, fully furnished interior w/ stunning Pikes Peak views, new furnace & hot water heater. Addt’l Features, 720 sq ft pole barn for RV, boat, or additional storage. Usable, 5-acre lot w/ close to 100% usability, Direct access to Nat’l Forest for hiking, recreation, & extended outdoor space. Whether you’re looking for investment w/strong income potential or a serene family retreat w/ room to grow, this property delivers flexibility, privacy, & incredible value.