Community south of Parker will cover 374 acres

The final parcel needed to complete the Serenity Pointe Master Plan south of Parker has fallen into place, according to Walton Global, a real estate investment company based in Scottsdale, Arizona.

Walton Global said in a news release Thursday that it had acquired a 52-acre parcel called Serenity North in Elbert County, which brings the size of the master-planned community to 374 acres.

Serenity North is an exciting addition to the Serenity Pointe Master Plan, as well as the greater region,” Anthony Ybarra, vice president of land for Walton Global in Colorado, California, Arizona and Texas, said in a release. “We see great opportunity for growth and expansion surrounding Denver, and this latest acquisition affirms our commitment to the area.”

Walton Global, founded in 1979, manages about $3.4 billion in real estate holdings on behalf of investors from more than 82 countries. Last year, the company reported holding more than 79,000 acres of land in the United States, including 3,038 in Colorado.

It assembled and sold 1,262 acres in Banning Lewis Ranch in Colorado Springs, as well as 331 acres in the Piney Lake Master Plan in Douglas County. It has 178 acres available for sale in the Peak View Master Plan in Weld County and another 111 acres at Silver Peak near Lochbuie. In Loveland, it has 254 acres at the Taft Ridge Master Plan and 245 acres at the Lee Farms Master Plan. It has 208 acres in Dacono, as well as a few other land parcels along the northern Front Range.

Serenity Pointe will be about a tenth of the size of Sterling Ranch, one of the state’s largest active master-planned communities, and a little over a third of the size of Central Park, Denver’s largest neighborhood that is expected to reach completion in 2025.

The land in Elbert County is currently zoned for agricultural uses and the development will concentrate on single-family homes. No estimate was available for how many homes are planned. The community will be close to Parker and Interstate 25, and will market its commuter access to both Colorado Springs and metro Denver.