The Full Story
Community Information 2023
Community Information as of 2023
Pelican Lake Ranch (PLR) is an approved Planned Unit Development (PUD) with 186 acreage home sites currently platted and fully developed in Filing One. PLR sold out of the 186 lots in Filing One in 2021 and is platting the next Filing (Filing 2) during 2022-2023. All lots are a minimum of one (1) acre in size with an overall density of just 1 lot per 2 ½ acres.
The property is situated adjacent to Milton Reservoir in the high prairie of Northern Colorado with rolling hills, grass lands, and high desert landscape overlooking Milton Reservoir, one of the largest lakes in Northern Colorado. The entire development is approximately 3,500 acres with only the first (1st) filing completed to date and approximately 2,800 additional acres left to be developed. Filing 2, which is projected to have 285 lots between 1 and 3+ acres are in the planning stages. Infrastructure is done in phases that relate to the sales absorption. The remaining acreage will be final platted in approximately five (5) Filings over the next thirty to forty years based on current absorption rates. This sustainable growth will ensure that public services will not be negatively impacted such as traffic, fire, schools, and county services which have been sized and anticipated for the ultimate growth outlined in the amended PUD. Each of the Filings will have amenities and protective covenants designed to meet current market conditions.
PLR is a master-planned residential community with acreage estate lots ranging in size from one to three (1-3) acres. As there is no time requirement to build upon a lot, many lots could remain open for years, essentially creating additional visual open space. Completed homes range in price from $550,000 to over a million. Filing 1 is currently sold out with building demand for new lots. It is anticipated that lot prices for these amazing new acreage lots could range from $100,000 to $250,000 in Filing 2 and will adjust as market conditions change.
With the dramatic shortage of lots and affordable housing in Weld County, PLR hopes to provide a prime opportunity for future homeowners to enjoy country living in a rural setting with abundant of open space, lake and mountain views, and numerous amenities.
Within the boundaries of Pelican Lake Ranch is a beautiful 18-acre waterbody called Lake Christina. Lake Christina includes a nature preserve, stocked fishing lake, camping and picnicking facilities, BBQ, equestrian facilities, maintained trails and signage about the birds and habitat in the area. Residents can take advantage of their own nature area, bird estuary, walking trails, equestrian trails, cross country jump course, fishing and canoeing. Lake Christina is stocked with trout and warm water fish species including bass, catfish, perch, bass, and blue gill.
PLR is heavily amenitized already with a swimming pool, cabana, playground, tennis court, sports court, basketball, putting green, park, shuffleboard, community BBQ, miles of walking and riding trails, equestrian facilities, fishing lake, a Community Information & Sales Center, maintenance facility, beautifully landscaped entry with monumentation and entry building.
As each new filing is developed, new recreational amenities will be added in accordance with market demand. A balance between infrastructure and amenities has been planned per the approved Service Plan, established Metropolitan Districts and the Beebe Draw Farms Authority (Authority) that specifies tax revenues be split 80%/20% Infrastructure/Amenities after meeting the operating and maintenance obligations of the General Fund.
The Metropolitan Districts were established in 1986 and the Authority was established in 2011 by Weld County and have successfully served the homeowners within the entire PUD area for over 30 years providing essential services. The Metropolitan Districts have been established to finance, acquire, complete, and operate certain public improvements, including but not limited to streets, roads and drainage, water, parks and recreation, common amenities, mosquito/rodent control, and other services within its boundaries. The Authority owns, operates, and manages all the common facilities and amenities within the master-planned area.
PLR is a covenant protected community governed by a Property Owners Association (POA) for each filing. The primary function of the POA is to enforce the covenants, provide architectural control, and other administrative and legal functions. The POA’s current annual dues are below comparable communities and are projected to always be below market as the project proceeds. Dues are capped at a maximum of $400 per year, while similar communities/amenities pay $300 to $500 per month. The Authority owns and operates all the amenities, roads, etc., the POA oversees architectural control, social events, and covenant enforcement to ensure the community remains aesthetically pleasing and provide numerous community fun events.
Filing 2 Covenants and Design Guidelines are being drafted by the Developer and an advisory team to meet the current market demands and desires for this unique subdivision to continue to thrive and be the most desirable community in Northern Colorado. The Covenants in Filing 2 will be less restrictive than Filing 1, allowing homeowners to have more flexibility and control of their own property while maintaining the aesthetic beauty already in place in this country setting.
STAY TUNED FOR ADDITIONAL DEVELOPMENT ANNOUNCMENTS!!!