591 Cr-462
About This Property
Designed for the Colorado lifestyle, the custom-built RV garage features an expansive 41' x 37' interior floor space, providing room for a large RV, boat, trailers, snowmobiles, and all of your Colorado gear. Highlights include a dedicated workshop with 240V electrical service, a 12' x 12' upper storage loft, roughed-in half bath, propane forced-air heat, and a 41' x 10' covered side carport/storage area. Built with quality in mind, the structure features 2x6 construction, R19 wall insulation, R38 ceiling insulation, and an extra-thick 8-inch concrete slab in the RV bay.
The setting is equally impressive. Backing to a large private ranch, the property offers exceptional privacy with no rear neighbors and the peaceful feeling of backing to open space.
The included buildable lot opens the door to endless possibilities. Continue enjoying the property as the ultimate mountain basecamp, or build your dream home next door while using the RV garage as your headquarters during construction. Each lot is over one-quarter acre and, while currently combined for tax purposes, may be separated in the future (buyer to verify). Sewer taps are available for future connection to public sewer. Seasonal potable water is provided through the Riveracres HOA shared community well, typically available from mid-May through mid-October, with a current annual fee of $250.
This is a truly unique opportunity to own a versatile property in one of Colorado's premier recreation destinations.
Video tour available at adamsellsdenver.com/grandlake
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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 23, 2026 | Price Decreased |
$449,900
↓ $100K
(18.2%) | |
| Price Decreased | |||
| Jul 18, 2026 | Listed | $550,000 | |
| Listed | |||
| Mar 30, 2009 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017