Elizabeth Colorado Information

Elbert County

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The town of Elizabeth began in 1855 as a saw mill camp operated by the Weber Brothers along the bank of Running Creek. A few years later, in 1858, gold was discovered in the creek. There was a gold rush , but the quality and quantity of the gold never lead to a boom. However, settlers did steadily move in, to work the land. After the original camp site was flooded, the town was moved to its present location. Elizabeth, then called Russellville, was located on a transportation route to Denver, and hence the old Russelville Road which leads a convoluted route from Franktown to Elizabeth. The economic activity of Elizabeth revolved around logging, farming, cattle ranching and dairy farming. The town was surveyed and platted in May 1882, and incorporated on October 10, 1890 with a population of 300. By 1901, Elizabeth had several businesses offering general merchandise, lumber, creamery products, feed and other services. There were several civic organizations and three churches. The school system had 93 students enrolled. The railroad had changed ownership and became known as the Colorado and Southern Railway.

Today, Elizabeth means small town, horse properties, pine trees and wide open prairies. Properties can range in price from the mid $100,000 up to multi-million dollar agricultural properties. Water and its access is an on-going issue for new home builders while those with existing wells worry about depletion. Real estate values tend to stay fairly level although proximity to Denver tends to increase value.

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$100,000 - $250,000    $250,000 - $400,000    $400,000 - $600,000

$600,000 - $750,000    $750,000 - $1,000,000    $1,000,000 & up

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