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640 Edward E Hill Dr
About This Property
6.6 fully improved acres in Twin Lakes, zoned RC. Private, State-permitted well, 1,500-gallon septic, and underground electric with a dedicated onsite transformer are all in place, plus a graded driveway and level, view-oriented build site. This saves significant time, cost, and financing hassle compared to raw land, with no uncertainty over hitting water.
Sweeping mountain views on fully wooded (evergreen & aspen) acreage in a rare pocket of mature forest for privacy and wind protection, with no power line or utility pole views and no road noise. Custom fire pit overlook; regular wildlife visitors (elk, deer, fox, hummingbirds etc.)
Unbeatable location: minutes to Twin Lakes, the Colorado Trail, and Gold Medal fishing/rafting on the Arkansas River; 30-60 min to Ski Cooper, Copper Mountain, Vail, Breckenridge, or Aspen. Leadville (14-15 mi): grocery, hardware, dining, hospital with 24-hr ER. No builder constraints. Strong cell service (T-Mobile/Verizon/AT&T).
Ideal for a custom primary residence, private mountain retreat, or investment property. Move forward quickly with your building plans, with the development risk and delays (e.g., transformer backlog and long wait times) already behind you.
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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 |
|---|---|---|---|
| Aug 14, 2026 | Listed | $475,000 | |
| Listed | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017