Welcome to 36 acres of serene mountain living and breathtaking
views in this unique residence with an extraordinary fusion of
artistic elegance. Perfectly situated on picturesque meadows,
rolling hills, and striking rock formations, this home offers views
out to the city and plains below. The architectural design echoes
the charm of urban lofts, showcasing exposed I-beams and steel roof
joists, all beautifully offset by meticulously sourced antiques
from around the globe. Among its distinctive interior elements are
doors imported from India and a 19th-century Buenos Aires bistro,
reclaimed hardwood floors from an old racquetball court, and
salvaged glass window panes, each adding to its storied character.
Indulgent features abound, including a Japanese soaking tub, a
charming outdoor shower with stunning views over the meadow to the
city below, and a cozy Swedish wood-burning stove. Embrace
versatility and easy entertaining with bi-fold glass walls from the
kitchen onto the deck equipped with a built-in bar, wall-integrated
bunk beds, and a convertible dining/pool table. State-of-the-art
sustainability is ensured with Solar PV and radiant heating
systems. Enhancing its allure is an expansive three-bay garage and
a separate guest suite/studio above with a glass garage door that
opens onto a deck for additional outdoor enjoyment. Located in a
gated community, this property promises unparalleled peaceful
privacy and expansive natural vistas, creating an idyllic retreat
for relaxation while remaining just a 12-minute drive to
restaurants and coffee shops and 15 minutes to Lucky's market.
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.
Open House gate access: #2121 Unique Contemp home in Reed Ranch Community, gated mountain enclave. 36 acre lot with evergreens, natural growth; meadows, rock outcroppings, archaeological spaces and east facing for scenic sunrises and city lights. Mountain living with downtown Boulder 15 min away. Open floor plan integrates the outdoors for a relaxed entertaining lifestyle for the discerning. Directions: at 4 mi mark on Lee Hill Rd, turn rt. then 1.44mi. (google directions may be incorrect). The manager has listed the unit size as 3128 square feet.
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