513 Meadow Dr
About This Property
Offering sweeping views of the Sangre de Cristo Mountains and Arkansas River Valley, this spacious parcel provides the room, and flexibility that are increasingly hard to find.
Horses are welcome, making this an ideal opportunity for an equestrian property, hobby farm, hay meadow, or simply a private piece of land where you can create the lifestyle you've been dreaming about. The property includes water rights associated with Fickes Ditch, adding valuable water resources and versatility.
Located just minutes from the Arkansas River and surrounded by exceptional outdoor recreation, you'll have easy access to Gold Medal fly fishing, rafting, hiking, mountain biking, hunting, skiing, and thousands of acres of public lands. Downtown Salida is a short drive away, offering restaurants, shops, galleries, and the character of one of Colorado's most beloved mountain towns.
Whether you envision building a mountain retreat, creating a horse property, or simply owning a spacious piece of Colorado where you can enjoy the views and open space, this parcel offers an exceptional opportunity.
$20,000 allowance toward well drilling + water rights included. Bring your vision and make this 4.1-acre slice of Colorado your own. Also, the adjacent property is also available for sale MLS #9178113.
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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 28, 2026 | Listed | $279,000 | |
| Listed | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017