Welcome to 1045 Castlewood Drive—an exceptionally located 10.58-acre offering in Castlewood North, a sought-after Franktown acreage community where new listings are infrequent, and opportunities are rare! Framed by sweeping vistas, this property offers the true rural lifestyle, yet is just minutes away from, and equidistant to, the thriving towns of Castle Rock and Parker, and the suburban lifestyle these towns offer including restaurants, shopping, plentiful parks and trails, and thriving local businesses! This traditional 4 bed/3 bath ranch has been thoughtfully refreshed on the upper level with new interior paint, new carpet, and updated main-level bathrooms. The walk-out lower level presents a compelling canvas for reimagined spaces, with a large family room, an office/bedroom, a 3/4 bath, and plenty of unfinished space for storage. Key exterior improvements include a 2023 Class 4 impact-resistant roof, gutters, and fresh exterior paint on both the residence and the outbuilding/barn, providing peace of mind and lasting value. What truly distinguishes this property is the land itself—10.58 acres of usable space with expansive views and remarkable versatility. Zoned LRR with no HOA, Castlewood North allows for a range of lifestyle possibilities, from equestrian use and hobby farming to enhanced outdoor living, or simply preserving the current home and the privacy and openness of the setting. The potential and possibilities of what CAN be are endless! Castlewood Canyon State Park, with abundant trails, recreational areas, and breathtaking views, is a 5 minute drive right down the street! The property is also within the highly regarded Douglas County School District, and multiple private academies and charter schools are within a reasonable driving distance. 10.58 acres. A walk out ranch home. Expansive views. Offered below $800,000, this rare combination of land, location, and potential is a listing you don't want to miss!