411 Violet Ln
About This Property
Come see the Seago Development Ranch and experience the privacy that is not normally found on the edge of a resort town. With more than 35 acres of land, you can let your imagination run wild. This property abuts the town of Eagle, providing potential for water and sewer services, as well as a nearby natural gas pipeline. Additionally, the property has been included in the Town of Eagle's Comprehensive Plan so the development opportunity is obvious. If you are looking for a property to develop into the next exclusive community, or you want to build your dream home on the river with plenty of room to breathe, this is it. There are no covenants on this property so you can decide if you want to be part of the City of Eagle or remain in the County. If you are seeking to build a condo development or preserve the property with a Conservation Easement, you are truly in charge of the future of the land and can create your own true legacy property. In addition to the amazing development potential, the property includes a 2,484 sq. ft. home that could be the perfect staging home while building your luxury ranch home, a great ranch manager's quarters, or a convenient guest home. At the property's gated entrance, there is a 3,200 sq. ft. heated and insulated workshop that can be a used as a maintenance building or would be great for storing your prized car collection. Recreational opportunities are also abundant on and around the ranch. The gates on the privacy fence also provide access for hiking up the hillside across the road with direct access to over 21,000 acres of BLM lands.
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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 |
|---|---|---|---|
| Apr 26, 2024 | Listed by Hayden Outdoors LLC | $9,250,000 | |
| Listed by Hayden Outdoors LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017