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1382 Raindrop Way
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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 |
|---|---|---|---|
| Aug 26, 2025 | Sold | ||
| Sold | |||
| Jul 24, 2025 | In contract | - | |
| In contract | |||
| Jul 2, 2025 | Price Decreased |
$800,000
↓ $50K
(5.9%) | |
| Price Decreased | |||
| Jun 19, 2025 | Listed by Compass - Denver | $850,000 | |
| Listed by Compass - Denver | |||
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Discover the pinnacle of refined living at 1382 Raindrop Way, nestled in the charming enclave of Castle Rock, Colorado. This exquisite 6-bedroom, 5-bathroom residence spans a generous 4,334 square feet, nestled on a prime 7,623 square foot corner lot. The elegant design is complemented by a 3-car attached garage and a finished basement, offering ample space and convenience. Step inside to discover an array of luxurious amenities, including a modern eat-in kitchen with a granite island, 42" cabinets, cooktop, double oven, and views from the kitchen sink. The main level's formal dining room and high ceilings create an inviting ambiance for entertaining. Also enjoy a dedicated office space with custom built-ins on the main level. The primary suite, situated off the spacious second level loft, is a sanctuary featuring two walk-in closets and a sumptuous 5-piece bath. Three additional bedrooms on the second level, one of which setup with its own en-suite bath and walk-in closet. Downstairs you'll find space for whatever you love to do, in this case golf and exercise. Keep the activity filled basement or transform into the space of your dreams, the sky's the limit! Head over to Ridgeline Open Space, 367 acres of hiking and biking trails and enjoy a 4 minute walk to Bison Park that has tennis courts and playgrounds as well as two neighborhood pools with kids splash park. Located just minutes from Colorado's premier golf courses, this contemporary gem is a haven for luxury living. ***Preferred Lender offering $7,500 concession to Buyer! May be used towards closing costs, permanent interest rate buy downs and/or a 1-0 buy down). Offered by Guaranteed Rate Affinity - reach out to Matt Cope for more information (303-854-7443 or [email protected]).
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| May 20, 2021 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017