535 Elk Valley Dr
About This Property
Step inside to discover an inviting open floor plan filled with mountain charm and elegance. Soaring vaulted ceilings, wood beams, and a cozy wood-burning stove with stone surround create a warm and welcoming atmosphere. The spacious living room flows seamlessly into the large dining area, complete with a sliding glass door and deck access for easy indoor-outdoor entertaining. The chef's kitchen impresses with granite countertops, stainless steel appliances, abundant cabinetry, and vaulted ceilings that enhance the light and airy feel.
The main floor bedroom offers a private en-suite full bath. A half bath and laundry room complete this level. Upstairs, the second floor hosts two generous bedrooms and a full bath, while the third floor is dedicated entirely to the primary suite-a true private sanctuary with vaulted ceilings, panoramic views, and a spa-like bath featuring a jet-action soaking tub.
The walk-out basement expands your living space with a large family room, half bath, and walk-out access to a covered patio and yard-complete with a playground area. The home also features radiant heat in the kitchen floor, stamped concrete ready for a heat system, and an attached 2-car garage plus RV parking and ample driveway space. Adjacent 3-acre parcel also available for sale by the same seller for expansion potential (MLS #6161122).
Surrounded by privacy, wildlife, and breathtaking views, this home offers easy access to I-70, making trips to Denver and mountain adventures a breeze. With its blend of natural beauty, thoughtful design, and mountain luxury, this Evergreen gem delivers the perfect Colorado lifestyle!
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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 |
|---|---|---|---|
| Oct 15, 2025 | Listed by Redfin Corporation | $915,000 | |
| Listed by Redfin Corporation | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017