121 County Road 146
About This Property
Discover a rare opportunity to own an exceptional custom home crafted by a boutique local builder, perfectly positioned on 10 beautiful acres just over the Douglas County line in Elizabeth, Colorado. Offering paved access, sweeping mountain views, and an unmatched blend of luxury, functionality, and privacy-this is a property that stands apart from anything else on the market.
Designed for today's lifestyle, the home features dual main-level offices, including a private exterior entrance ideal for remote work, creative space, or client meetings. Vaulted ceilings highlighted by hand-cut cedar beams, a stunning floor-to-ceiling stone fireplace, and expansive windows create a warm and inviting atmosphere centered on craftsmanship and comfort. In-floor radiant heat runs throughout the home, enhancing efficiency and year-round comfort.
Perfect for multi-generational living, the full walk-out lower level lives like its own residence-complete with a full kitchen, private entrance, dedicated laundry, and three spacious bedrooms. Whether hosting long-term guests, accommodating extended family, or creating private quarters for live-in caregivers, the layout offers remarkable versatility.
Car enthusiasts and hobbyists will appreciate the oversized four-car garage, while the 10-acre setting provides endless possibilities for equestrian use, a future shop or barn, gardens, or simply enjoying wide-open space and Colorado's signature views.
Homes with this level of craftsmanship, acreage, and design versatility are hard to come by and 121 County Road 146 is truly built for those seeking space, quality, and a home that can evolve with every chapter of life.
LEARN MORE AT: www.121countyroad146.com
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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 |
|---|---|---|---|
| Dec 1, 2025 | Relisted | $1,999,000 | |
| Relisted | |||
| Nov 22, 2025 | In contract | - | |
| In contract | |||
| Aug 3, 2025 | Relisted | $1,999,000 | |
| Relisted | |||
| Aug 3, 2025 | Price Decreased |
$1,999,000
↓ $191K
(8.7%) | |
| Price Decreased | |||
| Jul 27, 2025 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017