51
Map
$1,925,000
●
House -
For Sale
2300 RED SKY Lane
El Paso, TX 79930
4 Beds
5 Baths,
1
Half Bath
7,410 Ft²
$10,873
Est. Monthly
About This Property
Rising above the El Paso skyline beside the iconic Star on the
Mountain, this gated mountain jewel stands among the city's most
recognizable private residences. Featured on the cover of El Paso's
The City Magazine, Spaces edition, this extraordinary estate
commands a breathtaking elevation near Scenic Drive and prestigious
Rim Road with panoramic skyline views.
Spanning 7,410± SF across three levels on a rare 0.83-acre homesite encompassing two platted lots, the residence offers 4 private bedroom suites, 6 bathrooms, a library, executive office, theater lounge, fitness room, wine cellar, resort-style pool and spa, panoramic terraces, and dramatic walls of glass.
Imported Japanese blue roof tiles, Italian marble flooring, silk-lined walls, German granite, Sub-Zero refrigeration, custom woodwork with gold inlays, and bespoke finishes define this extraordinary residence. A rare opportunity to own one of El Paso's true architectural landmarks.
Spanning 7,410± SF across three levels on a rare 0.83-acre homesite encompassing two platted lots, the residence offers 4 private bedroom suites, 6 bathrooms, a library, executive office, theater lounge, fitness room, wine cellar, resort-style pool and spa, panoramic terraces, and dramatic walls of glass.
Imported Japanese blue roof tiles, Italian marble flooring, silk-lined walls, German granite, Sub-Zero refrigeration, custom woodwork with gold inlays, and bespoke finishes define this extraordinary residence. A rare opportunity to own one of El Paso's true architectural landmarks.
Unit Size
7,410 Ft²
Days on Market
157 days
Land Size
0.83 acres
Price per sqft
$260
Property Type
House
Property Taxes
$1,420
HOA Dues
-
Year Built
1986
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 18 days ago (GEPAR MLS #943023)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 28, 2026 | Listed by Cap Rate Real Estate Group | $1,925,000 | |
| Listed by Cap Rate Real Estate Group | |||
| Apr 19, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Feb 24, 2026 | Price Decreased |
$1,925,000
↓ $200K
(9.4%) | |
| Price Decreased | |||
| Jan 22, 2026 | Price Decreased |
$2,125,000
↓ $125K
(5.6%) | |
| Price Decreased | |||
| Oct 6, 2025 | Listed by Home Pros Real Estate Group | $2,250,000 | |
| Listed by Home Pros Real Estate Group | |||
 | |||
|
Perched high on the Franklin Mountains, this fully gated estate is one of El Paso's most iconic homes, visible from various points across the city. Step inside to discover silk-lined walls, rare German marble, and panoramic city views that elevate everyday living. Designed for luxury and entertaining, the home features a full bar, wine cellar, wine fridge, kegerator, and a secret room. Each bedroom includes its own private hot tub or jacuzzi (except the guest suite), creating a resort-like experience. The chef's kitchen impresses with premium appliances and a built-in mixer, perfect for culinary enthusiasts. Additional highlights include a central vacuum system, water softener, and a remarkable history—this legendary residence was even featured in the book ''Dirty Dealings.'' A rare opportunity to own a true El Paso landmark.
| |||
Property Highlights
Garage
Fireplace
Parking Details
Has Garage
Attached Garage
Parking Features: Attached
Garage Spaces: 3
Interior Details
Half Bathrooms: 1
Full Bathrooms: 5
Interior Features: Double Vanity, Built-in Features, Central Vacuum, Bar, Ceiling Fan(s), Entrance Foyer, Kitchen Island, Walk-In Closet(s), 2+ Living Areas, 2+ Master BR, Attic, Game Hobby Room, Hot Tub (Indoor), Master Up, MB Jetted Tub, MB Shower/Tub
Appliances: Cooktop, Dishwasher, Disposal, Double Oven, Electric Cooktop, Microwave
Flooring Type: Carpet, Marble
Laundry Features: Electric Dryer Hookup, Washer Hookup
Has Fireplace
Fireplace Features: Wood Burning, Gas
Fireplaces: 1
Exterior Details
Square Footage: 7410
Security Features: Smoke Detector(s), Security System, Security System Owned, Security Gate, Security Fence
Architectural Style: Custom
Year Built: 1986
Building Area Total: 7410
Other Structures: Storage
Window Features: Double Pane Windows, Drapes, Sliding, Metal
Construction Materials: Brick Veneer
Patio and Porch Features: Terrace, Deck, Covered, Open
Pool Features: In Ground
Pool is Private
Lot Features: View Lot
Lot Size Area: 0.83
Lot Size Units: Acres
Lot Size Acres: 0.83
Lot Size Square Feet: 36216
Water Source: Public
Financial Details
Tax Annual Amount: $17,041
Utilities Details
Cooling Type: Multi Units, Refrigerated
Heating Type: Forced Air
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Military Heights
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Listed by: Anibal Olague, Cap Rate Real Estate Group
Last Updated: 18 days ago
Data Source: GEPAR, MLS# 943023
The data relating to real estate for sale on this web site comes in part from the IDX Program of the Greater El Paso Association of REALTORS®. Real estate listings held by brokerage firms other than RH Advisors, Inc. and RHP Realty NJ, Inc. are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing brokers.
Listing data is deemed reliable but not guaranteed.
Copyright 2026 the Greater El Paso Association of REALTORS®, MLS Inc. All rights reserved.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated: 18 days ago
Data Source: GEPAR, MLS# 943023
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