Ventana | Live and Online Auctions on HiBid.com

Get ready to BID BUY AND OWN this prime residential development land located in Southwest Pueblo off of Hwy 78 and Ventana Way just a few minutes from I25. The property is the best located, large residential development site in Pueblo with entitlements and off-site infrastructure in place. This property is comprised of 90 acres known as Ventana Filing 2 - and is a blank canvas waiting for final approval it has a wide variety of options ranging from small lots and home sizes to a more higher end luxury subdivision, the choice is yours! VENTANA FILING 2 IS A CONTINUATION OF THE APPROVED VENTANA MASTER PLAN AND THE VERY SUCCESSFUL VENTANA FILING 1- THE MOST DESIRABLE AND ONLY LUXURY HOME COMMUNITY ON THE SOUTH SIDE OF PUEBLO. With low inventory and high demand for housing this is your opportunity to cash in on this highly sought-after development. The first phase, Ventana Filing 1, is completely SOLD OUT with homes ranging from $400,000- $1,000,000+. Ventana Filing 2 is the second phase and has all entitlements in place through the approved master plan within the annexation agreement with the City of Pueblo. The property has kept its agricultural zoning to keep the taxes low, but the masterplan shows for residential development. The current owner has spent countless dollars and time getting the project to its current state-including engineering, site plans, infrastructure costs for utilities, three access roads to the property, two off of Hwy 78 and a third off of Siena Dr., and even a drainage and detention structure was designed, approved and constructed to provide drainage detention for the entire property. All of these add up to saving the future owner hefty offsite costs. The property is being offered at Absolute Auction, no minimums, no reserves selling to the Highest Bidder Regardless of Price!! With a recent appraisal of $1,570,000. It is your opportunity to CALL THE PRICE!! This will be a LIVE online auction being held on December 16th at 1:07PM. Contact or office for more details and Bidder Registration Documents. Pueblo Colorado is ripe and ready for development. As Denver continues to grow and property values soar the population is pouring into areas such as Pueblo. Pueblo is only 75 miles South of Denver and just minutes from Colorado Springs. Home values in Pueblo have increased by almost 50% over the last 5 years, and the market continues to grow. After 27 years of developing 1,500+ residential sites across the Pueblo area, the current developer has created a special legacy within the history of the Pueblo and is now ready to pass the torch to the next eager land developer. The current developer will work with the new owner to help through the approval process. The Current developer has years of experience in working with the City of Pueblo and is here to help!! The property is divided into 2 parcels; The first parcel: is roughly 70 acres, annexed to the city to be zoned for residential housing. This parcel sits just West of the drainage parcel, next to Ventana Filing 1. The developer has drawn up many different possible configurations in which the land could be developed; Whether you are looking to build more numerous houses with smaller lot sizes, or large luxurious estates, this land is your blank canvas. All utilities are to the property and ready to be extended; Fiber internet, public water, sewer, power, and gas lines are all stubbed to the property. The second parcel: is a 20-Acre Drainage parcel, which sits in the area in between the existing Ventana Filing #1 Subdivision, and the platted development area - Ventana Filing #2. This parcel serves as a drainage area for the surrounding subdivisions. Within this parcel is a dedicated Park parcel which an irrigated field has been completed with free water provided by the Board of Water Works. This has satisfied the required land contribution for Park space. This parcel is included in the sale and is currently planned to be deeded to the City of Pueblo for them to maintain as open space. Included in sale is an off-site well, located in Ventana Filing #1. NOW is your opportunity to come in and reap the rewards of the current developer's hard work, and to become the future of a long development legacy!! Get ready to BID, BUY, OWN your next development project!! For more detailed information about the properties and the auction, please visit our website, www.prestigeauction.com or call today 877-612-8494 The Seller is Offering a 5% Initial Bid Incentive: To register you are required to submit an initial bid. By placing a written initial bid at least 24 hours prior to the live auction. Seller to rebate 5% of the initial bid to winning bidder at Closing and will appear on the Closing Statement. Rebate does not include any bids placed at the auction or any bids over the initial bid. Opening bids do not constitute a contract nor commencement of the auction. Once initial bids have been placed and the auction has commenced all bids are binding and constitute a contract per the terms set herein.