231 Elk Pl
About This Property
The real value here is the location and lifestyle. Set in the heart of Gilpin County, you're surrounded by national forest, towering pines, and endless outdoor recreation. Just minutes away, you'll find hiking, ATV trails, and backcountry roads to explore year-round. Golden Gate Canyon State Park offers miles of trails, scenic overlooks, and wildlife viewing.
Nearby Black Hawk and Central City offer casinos, spas, dining, entertainment, and historic charm. For adventure, Idaho Springs is a short drive away, offering rafting, fishing, local restaurants, breweries, and hot springs. In the winter, Loveland Ski Area and Echo Mountain are within easy reach for skiing and snowboarding.
Despite the peaceful mountain setting, access is convenient. I-70 is about 20-25 minutes away, making it easy to get to Denver in under an hour or head west to Summit County. Denver International Airport is roughly an hour away, making travel simple.
Whether you're searching for Colorado mountain land, a cabin getaway, or a place to build your dream home, this property offers space, privacy, and opportunity in a highly desirable mountain location.
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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 |
|---|---|---|---|
| Apr 20, 2026 | Sold | ||
| Sold | |||
| Apr 1, 2026 | In contract | - | |
| In contract | |||
| Mar 25, 2026 | Listed | $200,000 | |
| Listed | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017