Julie Shafer - Coldwell Banker Distinctive Properties Logo
$1,299,000
 $6,973 est/mo Sourced by Back At You
Source MLS Verified

431 Park Avenue,New Castle, CO 81647

New Castle, CO 81647

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Description

Investor Special with Riverfront Opportunity - Endless Potential! Unlock the possibilities at 431 Park Ave, New Castle, CO. This is the project you've been waiting for! Whether you're looking for your next investment, a complete renovation, or a fresh start with a brand-new custom home, this property offers exceptional potential. The sale includes the existing home, ready for a full remodel or demolition, situated on six Old Town lots, plus a separate neighboring riverfront parcel with direct access to Elk Creek. With the generous footprint and flexible layout, there may be opportunities to subdivide the lots (buyer to verify with the Town of New Castle), build two homes with river frontage, develop a multifamily project, or create your dream home with incredible outdoor space. A unique feature of the property is a natural spring located below the homesite near the river, which feeds a peaceful retention pond, adding to the property's natural beauty and creating a truly one-of-a-kind setting. Adding to the property's charm is an established orchard featuring apple, plum, chokecherry, apricot, and peachcot trees, providing beauty and seasonal harvests for years to come. Properties with this much land, river access, natural water features, and development potential are hard to find. Bring your vision and transform this unique opportunity into something truly special!

Details

MLS #193751
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1895
Days On Site117
Listing Provided ByAspen Snowmass Sotheby's International Realty - Glenwood Springs | Marty Rochowiak

Features

Bed(s)4
Bath(s) 2 Total
SQ Feet2,136
BasementY
ZoningSFR - Land
Acreage1.20
Water FrontRiver Frontage

Taxes

Property2803

Area Information

StateCO
CountyGarfield
CityNew Castle
Zip Code81647
AreaNew Castle
Community NameCoryell Addition
Listing VS Median (in Coryell Addition)
Price:
$1,299,000
low | high
Med:
$625,000
100% of Average
sqft:
2,136
low | high
Med:
1,812
65.168539325843% of Average
$ / sqft:
$608
low | high
Med:
$345
93.282912479799% of Average
On site:
117
low | high
Med:
96
100% of Average
Sourced by Back At You

Market Activity 81647

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© Copyright 2026 by Aspen/Glenwood Springs MLS, Inc. ALL RIGHTS RESERVED WORLDWIDE. No part of this publication may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written consent of the Aspen/Glenwood Springs MLS, Inc.

Contact

Learn More About This Property

Julie Shafer

Julie K. Shafer

Coldwell Banker Distinctive Prop

 (970) 250-6863shaferteamgj@gmail.com
StateCO
CountyGarfield
CityNew Castle
Zip Code81647
AreaNew Castle
Community NameCoryell Addition
Listing VS Median (in Coryell Addition)
Price:
$1,299,000
low | high
Med:
$625,000
100% of Average
sqft:
2,136
low | high
Med:
1,812
65.168539325843% of Average
$ / sqft:
$608
low | high
Med:
$345
93.282912479799% of Average
On site:
117
low | high
Med:
96
100% of Average
Sourced by Back At You
Listing Updated: September 28, 2026 at 6:41:11 PM PDT

Julie Shafer - Coldwell Banker Distinctive Properties