14454 Co-159
About This Property
54 acres along the north shore of Sanchez Stabilizing Reservoir, locally known as Stabilization Reservoir, approximately five miles southwest of San Luis near Highway 159. The property has a permitted well, septic system, and access to electricity, offering a rare combination of waterfront acreage and existing infrastructure in the San Luis Valley.
Fed by the Culebra Canal, this smaller reservoir is distinct from the much larger Sanchez Reservoir farther south. Water remains at capacity by design along this property's shoreline while all other reservoirs in the state are visibly drawn down (-35%). Water levels can change with inflows and irrigation operations.
The south side of Stabilization Reservoir is a destination for public fishing and outdoor recreation. From this property's north shoreline, enjoy expansive water views and opportunities to watch birds and other wildlife. Wild horses from nearby San Pedro Mesa, also known as Wild Horse Mesa, are seen on the property daily. The ecosystem that has evolved has created an environment for migratory waterfowl and wading birds (such as herons, egrets, ducks, and geese). They use the shallows for foraging, nesting, and resting during long migrations.
With 54 acres to explore and the reservoir at its edge, this is an exceptional setting for a private retreat or future plans, subject to applicable permits and land use requirements. The legal easement exists from the east on County Road P and runs along the south side of the canal. The titled single wide trailed on the property can be sold separately or will come with the property.
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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.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 28, 2026 | Listed | $225,000 | |
| Listed | |||
| Jun 16, 2003 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017