525 Co Road 260
About This Property
THREE furnished/turnkey homes on 216 deeded acres overlooking the Sangre de Cristo Range in Westcliffe. Ideal for a family homestead. The RANCH HOUSE, designed to evoke the feeling of a 100-year-old mansion, was built in 2003, & includes: 12 BR, 8 BA, an Old West Saloon Bar and Great Room, Large Kitchen, Wet Sauna, Billiards Room, Gym, & Bunk Room. Recently upgraded.
The HOMESTEAD CABIN features an original 1870s log structure, with added sq. footage to include: 3 BR, 3 BA, 2 sleeping lofts, large kitchen and deck. Finally, nestled on Carolina Gulch, there's The COTTAGE, a Victorian-style home with large wraparound porch, 3 BR, 3 BA, 2 sleeping lofts, screened outdoor bedroom, croquet lawn and outdoor fireplace. The estate includes abundant water rights, a 9.5-acre buildable lot, landscaped grounds, flagstone paths, modern construction/utilities, swimming pool/hot tub, stable, hay shed, 3 fenced grazing pastures, volleyball court/horseshoe pit, iron entry gates and ADT security system. Beyond the ranch only 6 miles, is the picturesque town of Westcliffe, offering quaint shops, restaurants, and full-service stores for easy convenience. Known for its active artist/performing arts events, the town hosts festivals, theater and musical events all summer long. Airport Access: 1 hour and 15 minutes to the Colorado Springs Airport, offering non-stops to most major US cities. This is a once in a lifetime opportunity to own a unique and magnificent piece of Colorado! Take a journey through this captivating ranch estate by contacting the Broker for a full on-line brochure.
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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 |
|---|---|---|---|
| Nov 19, 2021 | Sold | ||
| Sold | |||
| Jan 9, 2021 | Listed by Porchlight Real Estate Group | $3,440,000 | |
| Listed by Porchlight Real Estate Group | |||
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Stunning & Historic Ranch ESTATE:
THREE furnished/turnkey homes on 216 deeded acres overlooking the Sangre de Cristo Range in Westcliffe. Ideal for a family homestead. The RANCH HOUSE, designed to evoke the feeling of a 100-year-old mansion, was built in 2003, & includes: 12 BR, 8 BA, an Old West Saloon Bar and Great Room, Large Kitchen, Wet Sauna, Billiards Room, Gym, & Bunk Room. Recently upgraded.
The HOMESTEAD CABIN features an original 1870s log structure, with added sq. footage to include: 3 BR, 3 BA, 2 sleeping lofts, large kitchen and deck. Finally, nestled on Carolina Gulch, there's The COTTAGE, a Victorian-style home with large wraparound porch, 3 BR, 3 BA, 2 sleeping lofts, screened outdoor bedroom, croquet lawn and outdoor fireplace. The estate includes abundant water rights, a 9.5-acre buildable lot, landscaped grounds, flagstone paths, modern construction/utilities, swimming pool/hot tub, stable, hay shed, 3 fenced grazing pastures, volleyball court/horseshoe pit, iron entry gates and ADT security system. Beyond the ranch only 6 miles, is the picturesque town of Westcliffe, offering quaint shops, restaurants, and full-service stores for easy convenience. Known for its active artist/performing arts events, the town hosts festivals, theater and musical events all summer long. Airport Access: 1 hour and 15 minutes to the Colorado Springs Airport, offering non-stops to most major US cities. This is a once in a lifetime opportunity to own a unique and magnificent piece of Colorado! Take a journey through this captivating ranch estate by contacting the Broker for a full on-line brochure.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017