Nestled on a sprawling 120-acre estate in Elizabeth, CO, this property is a haven of potential within the EDZ zone. Whether you envision it as a charming wedding venue, a site for light industrial/commercial ventures, or a development opportunity with potential rezoning for 10-acre lots, the choices are abundant. Currently zoned AG but within the EDZ area, it offers possibilities for low-density residential redevelopment or diverse commercial/light industrial uses. The property features a "where natural beauty meets functionality" manufactured home with either three bedrooms or two bedrooms plus a study, three bathrooms, and a fully finished basement. This residence serves as an ideal temporary dwelling for caretakers or those planning their dream home. With two domestic wells and two septic systems, convenience is ensured for both residents and livestock. Facilities include an 8-stall barn with runs and a spacious Quonset equipped with electricity, a bathroom, and concrete flooring. Half of the Quonset functions as a versatile workshop with 220-volt capabilities, while the other half offers hay storage. This ranch falls under Elbert County's AG zoning and is within EDZ zoning, allowing for commercial use across the property. The property can also be subdivided into smaller parcels for low-density residential development, offering flexibility for prospective buyers. The current seller is open to a leaseback arrangement while buyers plan and navigate the rezoning process. With its diverse amenities, prime location, and commitment to equine welfare through the "Journey with Equus" non-profit organization, this Colorado Equestrian Ranch is a rare find, inviting exploration and appreciation.