1506 Lake Pl
About This Property
The answer...is right here.
This is one of those rare places where the view alone is worth the price of admission-and the home is simply the beginning of the story.
Perfectly positioned on a beautifully treed acre overlooking stunning Burgess Lake in Spring Valley, this special property offers a front-row seat to some of the most breathtaking scenery Colorado has to offer. From sparkling lake waters and towering stands of aspen and evergreen to the majestic presence of Pikes Peak rising in the distance, every window frames a view that feels more like artwork than reality.
This is a home that will be a gathering place for family, friends, and where treasured memories will be created. Mornings will began with coffee overlooking the lake, afternoons spent fishing, paddleboarding, canoeing, and exploring the surrounding trails, and even winters will bring the simple joy of sledding and ice fishing just steps from the front door.
Inside, you'll discover more than 3,000 square feet of comfortable living space featuring 4 bedrooms and 4 bathrooms, providing plenty of room for family, weekend guests, and future adventures. Warm, inviting, and filled with possibility, the home offers an exceptional opportunity for its next owner to update and personalize the space while enjoying a location that simply cannot be replicated.
If you've been searching for the Colorado lifestyle you've always imagined-lakefront recreation, mountain views, abundant wildlife, fresh mountain air, and a community where neighbors still know one another-you've found it.
Come experience The Burgess Lake Home. Stay for the view. Create a lifetime of memories all your own. Some homes are measured in square footage. Others are measured in memories. This extraordinary Burgess Lake property offers both.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Sep 8, 2026 | Sold | ||
| Sold | |||
| Aug 7, 2026 | In contract | - | |
| In contract | |||
| Aug 1, 2026 | Price Decreased |
$699,900
↓ $50K
(6.7%) | |
| Price Decreased | |||
| Jul 11, 2026 | Price Decreased |
$749,900
↓ $25K
(3.2%) | |
| Price Decreased | |||
| Jun 18, 2026 | Price Decreased |
$775,000
↓ $20K
(2.5%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017