479 Meadow Dr
About This Property
Tucked into the stunning landscape of Hayden Creek Meadows, this 4.67-acre property offers the Colorado lifestyle buyers dream about-towering mountain views, wide-open skies, privacy, and room to breathe. Surrounded by the dramatic beauty of the Sangre de Cristo Mountains and Arkansas River Valley, the setting is truly spectacular, with sweeping scenery from sunrise to sunset.
The ranch-style 3-bedroom, 2-bath home offers 1,400 sq ft of comfortable living space, an enclosed breezeway, newer roof, and oversized heated 2-car garage/workshop. Multiple outbuildings add flexibility, including a 16' x 48' steel building. Step onto the front deck to take in expansive valley and mountain views, or enjoy the grassy meadows, wildlife, and peaceful surroundings that make this property feel wonderfully removed from the noise and pace of town.
A domestic well and water rights add valuable versatility. Just minutes from the Arkansas River, the property puts some of Colorado's best outdoor recreation close at hand, including Gold Medal fly fishing, rafting, hiking, mountain biking, hunting, skiing, and thousands of acres of public lands. Downtown Salida is also a short drive away, offering restaurants, shops, galleries, and the vibrant character of one of Colorado's favorite mountain towns.
Whether you're looking for a private retreat, horse property, outdoor recreation basecamp, or simply a quieter way of life, this property offers the land, water, views, and privacy that make Colorado living so special.
$649,000 + $20,000 buyer allowance-buyer's choice of a rate buydown or improvements. Also, the adjacent property, 513 Meadow Drive, is also available for sale (MLS #4468690)
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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 |
|---|---|---|---|
| Aug 19, 2026 | Listed | $649,000 | |
| Listed | |||
| Aug 4, 2026 | No longer available | - | |
| No longer available | |||
| Jul 15, 2026 | Price Decreased |
$850,000
↓ $25K
(2.9%) | |
| Price Decreased | |||
| Apr 10, 2026 | Listed | $875,000 | |
| Listed | |||
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Breathtaking mountain views, valuable water rights, two separately deeded parcels, and year-round Colorado recreation come together in this rare 8.77-acre Hayden Creek Meadows offering. Surrounded by iconic 14,000-foot peaks and sweeping Arkansas Valley vistas, this property delivers the privacy, scenery, and lifestyle buyers search for in a true Colorado mountain retreat.
The 4.67-acre homesite features a beautifully updated 3-bedroom, 2-bath home with approximately 1,400 square feet of comfortable living space, an oversized heated two-car garage/workshop, and a heated enclosed breezeway for easy all-season access. Recent improvements, including a new roof and extensive remodeling, add peace of mind and move-in appeal.
Step onto the front deck and take in wide-open valley views, brilliant Colorado skies, and frequent wildlife, including eagles, deer, elk, bighorn sheep, and more. Multiple outbuildings, including a versatile 16x48 steel building, provide excellent space for equipment, storage, hobbies, or workshop use.
The adjoining 4.1-acre parcel adds tremendous flexibility with an additional domestic well permit and room for hay meadow, livestock, future improvements, or added privacy. Irrigation water rights from the Fickes Ditch further enhance the value and usability of the land.
Minutes from the Arkansas River and Highway 50, with easy access to Salida, Canon City, Monarch Mountain, fishing, rafting, hiking, hunting, skiing, and public lands, this property offers the rare combination of acreage, infrastructure, water rights, mountain views, and everyday livability in one exceptional Fremont County setting.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017