431 Park Avenue, New Castle, CO 81647

New Listing

$1,499,000

Property Type: Residential Bedrooms: 4 Baths: 2 Square Footage: 2,136 Lot Size (sq. ft.): 52,462 Status: Active

Current Price: $1,499,000 List Date: 7/10/2026 Last Modified: 7/14/2026

Overview

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 ... (Read more)

Listing Details MLS# 193751

Location Info

Type: Single Family Residence
Major Area: New Castle
Area: 10-New Castle Proper
Original List Price: 1499000
Asking Price: 1499000
Street #: 431
Street Name: Park
Street Suffix: Avenue
City/Town: New Castle
State/Province: CO
Postal Code: 81647

Keywords Info

Total Baths: 2
Baths - Full: 2
Acreage: 1 - 3
Garage: No
Pre-Fabricated Home: No

Listing Info

New Construction: No
Seller/Owner is Licensed: No
Short Sale: No
REO: No
Auction: No
In Foreclosure: No
Member Association: Glenwood Association
County: Garfield
ADU: No

General Info

Sub/Loc: Coryell Addition
Legal: SECTION: 31 TOWNSHIP: 5 RANGE: 90 SUBDIVISION: CORYELL ADD BLOCK: 3 LOT: 11 THRU:- LOT: 16 Section: 31 Township: 5 Range: 90 TR IN THE W 1/4 OF CORYELL ADD. EVERGREEN PARK.
Zoning: SFR - Land
Nbr of Acres: 1.2
Lot SqFt: 52462
Lv Ht SqFt: 2136
Total SqFt: 2136
Price/LvH SqFt: 701.78
Main Floor Primary Bedroom: No
Year Built: 1895
Unit Faces: East
Parcel #: 212331207007
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.
Unfinished SqFt: 0

Financing Info

Metro Tax District: No
Taxes: 2803.96
Tax Year: 2025
Transfer Tax: No
HOA Dues Y/N: No
HOA Transfer Fee: No
Total HOA Fee Per Year: 0

Status Change Info

Sold Price Per/SF: 0

More Information

Remarks

Public Remarks: 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!

Miscellaneous

Under Construction: No

Laundry Facility

Common Area: Yes

Style

Split Level: Yes

Construction

Frame: Yes

Exterior

Vinyl Siding: Yes

Condition

Poor: Yes

Cooling

None: Yes

Basement/Substructure

Unfinished: Yes

Gas

Natural Gas Connected: Yes

Roof

Composition Shingles: Yes

Water

Public: Yes

Sanitation

Sewer: Yes

Water Rights

No: Yes

Extras

Outbuildings: Yes
Storage Shed: Yes

Location Amenities

Corner Lot: Yes
Gentle Topo: Yes
River Frontage: Yes
Trees: Yes
Views: Yes

Mineral Rights

No: Yes

Heating

Forced Air: Yes

Documents on File

Survey/ILC: Yes

Terms Offered

Cash: Yes
New Loan: Yes

Possession

DOD: Yes

Sign

Yes: Yes

Property Features

Laundry Facility: Common Area Style: Split Level Construction: Frame Exterior: Vinyl Siding Roof: Composition Shingles Condition: Poor Heating: Forced Air Gas: Natural Gas Connected Water: Public Cooling: None Sanitation: Sewer Possession: DOD Extras: Outbuildings; Storage Shed Terms Offered: Cash; New Loan Mineral Rights: No Water Rights: No Documents on File: Survey/ILC Location Amenities: Corner Lot; Gentle Topo; River Frontage; Trees; Views Sign: Yes

Listing Office: Aspen Snowmass Sotheby's International Realty - Glenwood Springs

Last Updated: July - 14 - 2026

Broker Attribution: (970) 366-3511

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