Spectacular investment in the quickly growing and very desirable Black Forest area! Prime development opportunity - 120 acre ranch with gorgeous rolling green meadows and phenomenal Pikes Peak views. Parcels of this size are unusual and rare to come on the market. This property could suit many uses - close-in ranch to build your dream home, land development, future investment, equestrian estate - the possibilities are endless. Water rights in all 4 aquifers are available for adjudication and augmentation and would provide an abundance of ground water in all four aquifers. The property can be subdivided without any governmental approvals into 35+ acre parcels by a simple survey. The property is currently zoned RR-5 so the property could be subdivided into 24 parcels of 5 acre each with El Paso County approval. Possible subdivision into 48 parcels of 2.5 acres each with county approval on a rezone and subdivision. Located in desirable School District 38. Close proximity to Flying Horse North Golf Course and Kings Deer Golf Course. Within 20 minutes to Colorado Springs or 45 minutes to Denver. Located only 2 miles to Highway 83 and a short distance further to I-25. Located near the upscale communities of Flying Horse north, High Forest Ranch and Kings Deer. Low agricultural taxes to keep holding costs low. Amazing wildlife with herds of antelope, deer, fox and elk. No covenants or HOA. Zoned for horses, cattle and outbuildings. Located off of a paved county maintained road. This is a unique opportunity for an astute buyer or developer.