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381 Highlands Dr
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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 |
|---|---|---|---|
| Sep 12, 2025 | Sold | ||
| Sold | |||
| Jul 17, 2025 | In contract | - | |
| In contract | |||
| Apr 11, 2025 | Listed by Madison & Company Properties | $699,000 | |
| Listed by Madison & Company Properties | |||
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VIDEO LINK: https://youtube.com/shorts/8wltidfAkaA Situated at on quiet cul-de-sac street and perfectly positioned to take in the landscape, 381 Highlands Drive offers a lifestyle rich in privacy and natural beauty. Inside, a dramatic wall of south-facing windows steals the show-framing sweeping mountain views while flooding the home with natural light. This architectural feature not only creates a stunning visual statement, but also provides passive solar warmth, helping to keep the home comfortable year-round. Remote-controlled Hunter Douglas blinds allow you to adjust the ambiance with ease, morning or night. The heart of the home is a spacious, inviting kitchen with gorgeous granite countertops, stainless steel appliances, and a large pantry-ideal for hosting, meal prepping, and gathering with the ones you love. With three bedrooms and three bathrooms, there's plenty of room for the family, hobbies, or simply breathing room. The primary suite is a true retreat, giving you the quiet luxury of waking up to the mountains each day. New windows throughout offer energy efficiency and peace of mind, while the radon mitigation system adds another layer of comfort and security. Outside, the details continue to deliver: a newly sealed asphalt driveway and dedicated RV parking to ensure convenience, concrete back patio, domestic well, and two storage sheds offering all the space you need to stay organized and uncluttered. And when the mood for adventure strikes, the entrance to Pike National Forest is just minutes away-bringing miles of trails and endless natural beauty to your doorstep. An assumable FHA loan at 4.2% adds real value for savvy buyers. If you've been dreaming of privacy, views, and stillness-this just might be the one.
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| Sep 8, 2022 | Listed by RE/MAX Alliance | $720,000 | |
| Listed by RE/MAX Alliance | |||
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Enjoy everything Colorado has to offer with this Beautiful Home nestled amongst the Aspens and Pines, on over an acre, in the highly sought after community of Elk Creek Highlands!! Located on a quiet Hilltop Cul-de-sac with Breathtaking Views this home is hard to beat!! Your friends and family will enjoy gathering in the Large Kitchen with Stainless steel appliances and granite countertops, or in the Wonderful Great room that brings the outdoors in with it's floor to ceiling windows equipped with Hunter Douglas remote controlled Motorized Blinds! This home is also perfect for just enjoying those Amazing Mountain views while relaxing on the expansive back Patio, or cozied up on those cold winter nights next to the wood burning fireplace with wood stove insert!! This home also features a large Master Suite with a second fireplace and Master Bathroom, Ceiling Fans, Newer Water Heater, and Attached 2-car Garage. Don't forget to checkout the swing in the gazebo nestled among the trees, and the large shed/workshop where you can store all of your toys! After being off the market for the winter months we are back and ready for showings!! So schedule your own private showing today!!
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| Nov 12, 2015 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017