1364 Royal Ridge Dr
About This Property
Primo lot. 5.38 acres at elevation 9,450'. All infrastructure ready or installed. Phone, electricity, and natural gas in/on road. 500-foot well installed, producing 3.81 gallons per minute. 1500-gallon septic system installed, enough for five-bedroom home. 215-foot rough-in driveway installed. 38' x 28' walkout basement has been sited & excavated to capture the 360-degree panorama. Spectacular views of several Front Range peaks. Max southern exposure. Groomed lot. Terrain gradually descends: flat, to gentle slope, to steep slope, ending at CR 43 (elevation 9000', no lot access). Beautiful outcroppings. Large sandstones (red rocks) were harvested and set aside to adorn the new landscape. Surrounded by tree lines. Mature aspen, pine, spruce, and fir abound. Bear, moose, bighorn, and deer frequent. Subdivision borders national forest on north & west. 19.6 miles to Safeway (two traffic lights, 30 minutes); 51 miles to downtown Denver (1 hour); 75 miles to DIA (two traffic lights, 90 minutes). Less than four miles to the summit of Mount Logan; three-minute walk to Pike National Forest.
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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%.
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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 |
|---|---|---|---|
| Mar 31, 2025 | Sold | ||
| Sold | |||
| Mar 1, 2025 | In contract | - | |
| In contract | |||
| May 22, 2024 | Listed by Madison & Company Properties | $379,000 | |
| Listed by Madison & Company Properties | |||
| Apr 24, 2024 | No longer available | - | |
| No longer available | |||
| Feb 4, 2024 | Listed by Coldwell Banker Realty 54 | $400,000 | |
| Listed by Coldwell Banker Realty 54 | |||
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5.38 acres at elevation 9420. All infrastructure ready or installed. Phone, electricity, and natural gas in/on road. 500-foot well installed, producing 3.81 gallons per minute. 1500-gallon septic system installed, enough for five-bedroom home. 215-foot rough-in driveway installed. 38 x 28 walkout basement has been sited & excavated to capture the 360-degree panorama. Big views of several Front Range peaks. Max southern exposure. Groomed lot. Terrain gradually descends: Flat, to gentle slope, to steep slope, ending at CR 43 (elevation 9000, no lot access). Beautiful outcroppings. Large sandstones (red rocks) were harvested and set aside to adorn the new landscape. Surrounded by tree lines. Mature aspen, pine, spruce, and fir abound. Moose, deer, and bighorn sheep frequent. Subdivision borders national forest on north & west. 19.6 miles to Safeway (two traffic lights, 30 minutes); 51 miles to downtown Denver (1 hour); 75 miles to DIA (two traffic lights, 90 minutes). Less than four miles to the summit of Mount Logan; 3 minutes to Pike National Forest. Best buildable lot with a view in all of the Colorado Rocky Mountains. Incredible one-of-a-kind opportunity to build your dream home in a magnificent location. Go look, you will not be disappointed!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017