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518 Conifer 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%.
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 11, 2025 | Sold | ||
| Sold | |||
| Jul 18, 2025 | In contract | - | |
| In contract | |||
| Jul 10, 2025 | Listed by Madison & Company Properties | $799,000 | |
| Listed by Madison & Company Properties | |||
| | |||
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Designer Vibes. Turnkey Living. A Rare Find in the Foothills.
This isn't just a mountain home-it's mountain bliss. And for those who've dreamed of offsetting ownership with short-term rental income, the home is already an established, legal Airbnb-offering flexibility without the hassle of starting from scratch.
Inside, the home makes a bold first impression with its 21-foot ceilings and floor-to-ceiling windows. Natural light pours in, accentuating every detail and giving the space an elevated yet grounded feel.
The open-concept kitchen and dining space was designed for entertaining. In the warmer months, the outdoor patio becomes the perfect spot for morning coffee, afternoon reading, or evening entertaining under market lights around the fire pit.
The main-level primary suite is a serene retreat with a walk-in closet and a spa-like 3/4 bath finished in designer tile. Upstairs, two spacious bedrooms, a full bathroom, and a charming work nook complete the level. Custom ceiling tiles in the guest room add a touch of vintage flair.
The exterior showcases architectural intention at every turn-LP SmartSide with Diamond Kote finish, copper roof accents and gutters, and Owens Corning Duration STORM impact-resistant shingles for durability and peace of mind.
Set back from the road, the home enjoys a uniquely private feel, ideal for daily strolls to the community park just steps away. Whether you plan to use it as a full-time residence, a weekend getaway, or something in between, you're only minutes from Highway 285 for easy access to Denver or the great outdoors.
Furnishings are negotiable and may entirely be included in a separate bill of sale-offering the potential for an easy, move-in-ready experience or future rental setup.
Rarely does a home combine design, location, and turn-key condition so effortlessly. If you've been waiting for the one, this just might be it. So go ahead. Let this be your Colorado chapter.
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| Aug 2, 2023 | Sold | ||
| Sold | |||
| Mar 10, 2023 | Listed | $825,000 | |
| Listed | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017