619 Black Diamond Dr
About This Property
At 6,400 ft elevation with sweeping views of the Spanish Peaks, eastern prairies, and Sangre de Cristo mountain range. While the property has a Walsenburg address, we are located 3 miles out of town adjacent to Lathrop State Park in the Black Diamond development. Luxurious living in a semi-secluded and quiet neighborhood with HOA fees of $100/year primarily used for road and gate maintenance. The Black Diamond development has direct, private golf cart/bicycle access to the Walsenburg Golf course at Lathrop State Park.
Vaulted pine ceilings and a dedicated area for dining. Office/Workout space upstairs adjacent to the loft bedroom. Two bedrooms downstairs with large en-suite bathroom. Each bathroom has a large-scale shower with double shower heads and the primary bathroom has a soaking tub. Property has city water and there is a whole house water filtration system with RO system for drinking water. There is a dedicated laundry area in the center of the house. Large, circular driveway with over 8 parking spaces with plenty of room for RV vehicles or boats. Fenced yard with dedicated lawn area, outdoor kitchen area waiting to be developed and garden plots. Property has numerous Juniper, Pinon, and Blue Spruce trees as well as 3 Pear trees. Outside of the house was just repainted and has a Tesla electric car charger. There is a 40ft x 8ft Connex container on the property. Permits, Variance, and HOA approval have been . Click on Link:https://www.strawbale.com/straw-bale-home-for-sale/strawbale-home-for-sale-colorado-mountain-views
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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 |
|---|---|---|---|
| Oct 6, 2026 | No longer available | - | |
| No longer available | |||
| Apr 11, 2026 | Listed | $625,000 | |
| Listed | |||
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This elegantly designed adobe-style home offers stunning mountain views and a serene retreat feel. The interior features radiant-heated earthen floors, passive solar design, open floor plan with vaulted ceilings, and a high-end custom kitchen. The main level includes two bed/bath suites: the primary with a walk-in closet and 4-piece bath with soaking tub, and the secondary with a generous step-in shower. Upstairs, a bright loft offers multiple flexible use areas, walk-in closets, storage, and a spa-like third bathroom. Constructed with thick, sound-dampening straw bale walls, the home is highly energy-efficient. Outside, enjoy a fenced yard with established gardens and fruit trees. The property also includes a permitted ADU conversion project (foundation and permits complete), Tesla charger, and ample parking. Adjacent to Lathrop State Park and the golf course, with lakes, trails and open space, and within the Black Diamond Park gated community. Additional details at https://www.strawbale.com/straw-bale-home-for-sale/strawbale-home-for-sale-colorado-mountain-views
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| Aug 14, 2025 | Listed by Colorado Flat Fee Realty Inc | $625,000 | |
| Listed by Colorado Flat Fee Realty Inc | |||
| Mar 18, 2022 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017