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16382 Falcon Dr
About This Property
Designed for gathering and everyday living, the upper level features a light-filled great room where spectacular mountain views become part of your daily routine. The spacious dining area is perfect for holidays and entertaining, while the well-appointed kitchen offers generous workspace, abundant storage, and seamless access to the covered deck for morning coffee, outdoor dining, or simply enjoying the peaceful surroundings. A dedicated home office provides an ideal remote workspace, while the private primary suite offers a quiet retreat with a full bath.
The walk-out lower level adds flexibility with a large family room, space for a future wet bar, two additional bedrooms, a full bath, laundry area, utility room, and abundant storage. An oversized three-car garage provides exceptional space for vehicles, mountain toys, outdoor gear, and a workshop.
Just minutes from National Forest access, Mount Princeton Hot Springs, Buena Vista, and Salida, you'll enjoy year-round recreation including hiking, biking, fly fishing, skiing, off-roading, and snowshoeing. At day's end, return home to peaceful surroundings, unforgettable views, and the quiet beauty of Colorado mountain living.
This is more than a home-it's your basecamp for adventure, a place to unwind, and where lifelong memories begin.
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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 12, 2026 | Price Decreased |
$935,000
↓ $25K
(2.6%) | |
| Price Decreased | |||
| May 18, 2026 | Relisted | $960,000 | |
| Relisted | |||
| May 4, 2026 | In contract | - | |
| In contract | |||
| Apr 30, 2026 | Relisted | $960,000 | |
| Relisted | |||
| Apr 20, 2026 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017