1001 Royal Ridge Dr
About This Property
Build with elevation and capture vast views of the Front Range, watching bighorn sheep, deer, and moose wander by. Or build with a broader footprint and enjoy a peaceful, "in the trees" sanctuary surrounded by nature. The terrain transitions beautifully from flat to gently sloping, offering ideal building sites for your mountain dream home under a canopy of trees and endless stars.
With natural gas, power, and phone nearby (Buyer to verify utilities & building requirements) and year-round access via HOA-maintained roads, the stage is set for something extraordinary. A private road maintenance agreement is managed through the HOA, ensuring year-round accessibility. Currently there is no well or septic system on the property.
Location: Just 2 minutes to Pike National Forest, 19.6 miles to Safeway (two traffic lights, approx. 30 minutes), 51 miles to downtown Denver (1 hour), and 75 miles to DIA (two traffic lights, approx. 90 minutes).
Offered at $225,000, this lot is strategically priced to capture attention in today's market - offering an incredible opportunity to build in one of Bailey's most coveted settings.
Watch the property video here: https://youtube.com/shorts/USfBvVLLiXI
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 8, 2026 | Sold | ||
| Sold | |||
| Dec 13, 2025 | In contract | - | |
| In contract | |||
| Oct 13, 2025 | Listed by Madison & Company Properties | $225,000 | |
| Listed by Madison & Company Properties | |||
| Jul 9, 2024 | Price Decreased |
$275,000
↓ $23K
(7.7%) | |
| Price Decreased | |||
| May 9, 2024 | Listed | $298,000 | |
| Listed | |||
| | |||
|
Walk to National Forest! Gently sloping usable land with amazing mountain views. This park-like 4.3 acre parcel is in the quiet community of Forest Ridge. Build your mountain dream home and enjoy the stars at night. Private road with maintenance agreement in place through the HOA. Natural gas, phone, and electric are to the subdivision and neighboring properties.
| |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017