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29451 Falcon Ridge Dr
About This Property
home set on 1.65 private acres with a flat, easily accessible driveway in the sought-after
Cragmont Estates neighborhood of Evergreen. Perfectly situated to capture nearly 180
degree Rocky Mountain views, the property offers a rare blend of privacy, usability, &
iconic Colorado scenery, framed by dramatic rock outcroppings. The inviting great room features soaring two-story windows that flood the space with natural light while showcasing the breathtaking landscape. Tongue-and-groove vaulted
ceilings, rich wood floors, and a cozy fireplace create a warm yet striking focal point.
The open-concept layout flows seamlessly into a well-appointed kitchen with granite countertops, stainless steel appliances, a gas cooktop, ample freshly
painted cabinetry, and a breakfast bar. The adjacent dining area is ideal for gatherings and opens directly to an expansive
wraparound deck, creating effortless indoor-outdoor living and the perfect setting to take
in the sweeping views.
The upper-level primary suite is a true retreat, occupying its own private level and
capturing the home's most dramatic vantage point. It features panoramic views, a
spacious walk-in closet with new built-in shelves and drawers, and a luxurious five-piece bath designed for comfort and
relaxation. The main level offers two additional bedrooms and a full bath, providing
flexibility for guests, family, or workspace.
The finished lower level expands the home's versatility with a generous family room
featuring a pellet stove, an additional bedroom and bathroom, and a dedicated office or
fitness area-ideal for today's lifestyle needs.
Additional highlights include a level recreational area and dog run, new furnace, new/advanced septic, and thoughtfully designed outdoor living spaces
that enhance the quintessential Colorado mountain lifestyle in this exceptional
Evergreen property.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017