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CO farm and ranch for sale- great waterfowl hunting, lake frontage

MLS Number: CO252935
Price: $449,000
Price Alt.: 449000.00
Auction Date: 2020-05-20 08:00
Features: Barn, Development Potential, Electricity, Equine Facilities, Fishing, Home, Hunting, Hwy-County Rd Frontage, Irrigated, Lake, Lake Frontage, Water Rights, Work Shop
Acreage : 220.00
State: Colorado
County: Otero
Status: Active
Property Documents: N/A

Small cattle farm has lake frontage- Eastern Colorado

The Pfeif Farm is situated about 11 miles northeast of La Junta, Colorado, in the southeast corner of the state. The region is known for its agricultural production and waterfowl hunting, and this property is one of the best examples of a mixed-use recreational farm. Currently used as a small cattle ranch for raising registered Angus cattle, the Pfeif farm is comprised of 220 deeded acres, along with a 160-acre Bureau of Land Management grazing lease.

Southeast Colorado is known for long summer days and agricultural production

The area around La Junta, Rocky Ford, and Lamar are known for its growing season and warm climate. Rocky Ford, only a few miles from this farm, is famous for its cantaloupes, which are shipped all over the country. Local farms also grow onions, corn, alfalfa, and potatoes. The Pfeif farm is planted in alfalfa and grass-alfalfa hay and occasionally stands of sorghum, which makes excellent cattle feed. The Pfeif farm has 80 acres of tillable land, along with about 80 acres of sub-irrigated pasture lands and 60 acres of dryland grazing. The adjacent BLM lease offers another 160 acres of dryland grazing.

Improvements on small Colorado cattle farm

The Pfeif farm has modest improvements—several outbuildings, including a 3-sided shelter for cattle; corrals; a 40x60 metal shop building; and a 3-bedroom, 1-bath old farmhouse that is functional, but nothing special. There is plenty of room to build a new farmhouse, clubhouse, or other improvements.

Excellent water rights on Colorado farm for sale

Water is extremely valuable in Southeast Colorado, as Front Range cities buy up water rights. The Pfeif Farm has 130 shares of the Holbrook Ditch, which is an important senior water right in the area. The shares can be bought and sold on the open market, and they typically trade at $2,200 a share, making the shares worth a total of $286,000. The home is served by a community well that is shared with several other homes in the area.

Waterfowl hunting with Lake Cheraw frontage—Colorado recreation & hunting property

One of the greatest assets to this property is its 2,300 feet of frontage on Lake Cheraw, which is one of the top waterfowl lakes in the southern part of the state. Literally, thousands of ducks and geese, as well as all kinds of other shorebirds and marsh birds, congregate on this lake. Waterfowl hunting can be terrific. The owner of this property describes tens of thousands of geese coming in to feed on sorghum fields on the property for months at a time. Duck hunting on the lake shore can also be very, very good. This property is an excellent candidate to set up several blinds, including pit blinds for geese, and plant crops that are favorable to waterfowl species, such as sorghum, milo, corn, or millet.

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