Waterfront - Fixer Upper
Address
431 Park Avenue, New Castle, CO
Price
$ 1,299,000
Property Attributes
- MLS#193751
- TypeSingle Family
- Listing Status Active
- CountyGarfield
- CityNew Castle
- AreaNew Castle
- NeighborhoodCoryell Addition
- Zip81647
- StyleSplit Level
- Year Built1895
- Taxes$ 2803
- Price$ 1,299,000
- Bedrooms4
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage2136
- Lot Size1.2 Acres
Data Source:
Aspen Glenwood Springs MLS (AGSMLS)
Property 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!
| Price History | |
|---|---|
| 7/10/2026 | Listed $1,499,000 |
| 8/11/2026 | 13$1,299,000 |
General Features
| Living Area | 2136 |
|---|---|
| Heating | Forced Air |
| Cooling | None |
| Utilities | Natural Gas Connected |
| Possession | DOD |
| Roof | Composition |
| Zoning | SFR - Land |
| Architectural Style | Split Level |
| Construction Materials | Vinyl Siding,Frame |
| Year Built | 1895 |
| Property Subtype | Single Family Residence |
| Tax Year | 2025 |
| Waterfront Features | River Frontage |
| County | Garfield |
| New Construction | false |
| Property Type | Residential |
| Subdivision Name | Coryell Addition |
| Facing Direction | East |
| Garage Y/N | false |
| Building Features | Yes |
| Other Structures | Outbuildings |
| Status | Active |
| Directions | From I-70, take Exit 105 (New Castle). Proceed north on Castle Valley Blvd. to the 4-way stop. Turn left (west) onto Main Street (US Hwy 6). Continue through downtown and turn right onto Park Avenue. Turn left before first stop sign. The property is on the back right corner. |
| City | New Castle |
| MLS Area | New Castle |
| Lot Size Units | Acres |
| Lot Size Square Feet | 52462 |
| Listing Terms | New Loan,Cash |
| Property Condition | Poor |
| MLS Area Minor | 10-New Castle Proper |
| Standard Status | Active |
Interior Features
| Basement | Unfinished |
|---|---|
| Air Conditioning Y/N | false |
| Heating Y/N | true |
| Laundry Features | Common Area |
| Total Baths | 2 |
Exterior Features
| Model | No |
|---|---|
| Lot Features | Corner Lot |
| Water Source | Public |
| Lot Size Area | 1.2 |
| Waterfront Y/N | true |
| Building Area Total | 2136 |
| Lot Size Acres | 1.2 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 81647
Price
Taxes
Year Built
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Last Updated: September 22, 2026 9:55 PM UTC
