451 Cedar Dr
About This Property
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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%.
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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 |
|---|---|---|---|
| Jul 18, 2025 | Sold | ||
| Sold | |||
| Jun 24, 2025 | Listed | $649,000 | |
| Listed | |||
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Wake up to sunlight on the lake. Watch elk graze through the trees. End the day on the deck under a sky full of stars. This fully renovated 1961 cabin blends midcentury character with modern intention. Clean lines, natural light, and efficient use of space make the 2-bedroom, 2-bath home feel effortless. The setting is unforgettable. Set on .62 acres at the quiet end of the road. and backs to one of Big Elk Meadows' small private lakes-just enough water to reflect the morning sun and host the occasional heron. "The only sounds are wind in the trees and birds singing," the seller says...a level of quiet that's hard to come by. Wildlife is constant: moose at the kitchen window, swallows at dusk, turkeys in the yard. The renovation was comprehensive. Every surface and finish was thoughtfully updated for modern living while honoring the home's roots. The result is beautiful, with warm wood, matte finishes, updated windows and a consistent design-forward aesthetic throughout. More Dwell than cabin cliche. Inside, vaulted ceilings and large windows bring the outdoors in. The living area fits a sectional and centers around a classic stone fireplace. The kitchen is unexpectedly generous, with ample counters, open shelving, and smart storage. The sunroom-used as an office and coffee spot-faces the lake. A second bedroom includes a built-in desk, shelving, and a niche for reading or use the king-sized pull out bed for guests. Both bathrooms are modern, with custom vanities and clean-lined fixtures. Oversized one-car garage. Decks are made for entertaining or stargazing. Big Elk Meadows offers five private lakes, a pool, tennis court, basketball court, horse pasture, acres of private hunting access and volunteer fire dept. with helicopter pad. Surrounded by national forest with thousands of acres of recreational opportunities. 30 min to Lyons and 35 to Estes Park and RMNP. Rarely does a lakefront cabin with this level of design and setting come to market at this price point.
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| Jul 31, 2020 | Sold | ||
| Sold | |||
| Jul 18, 2020 | No longer available | - | |
| No longer available | |||
| Jun 6, 2020 | Listed | $399,000 | |
| Listed | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017