773 Timber Ridge Rd
About This Property
begin planning and building your dream home or mountain retreat. Much of the groundwork has already been
completed, allowing you to focus on selecting your house plans and bringing your vision to life. This attractive
parcel offers easy year-round access and is conveniently located just a short distance from the main road,
providing both accessibility and a peaceful mountain setting. The property is adorned with towering, mature pine
trees and beautiful aspens that create a picturesque landscape, enhance privacy, and provide stunning seasonal
color throughout the year. Whether you're enjoying the lush greenery of summer or the golden Aspen glow in the
fall, this property offers the natural beauty that makes Colorado mountain living so desirable. Take in mountain
views to the west and enjoy the tranquility of the surrounding forest. The usable terrain provides flexibility for a
variety of building options, making it an ideal location for a full-time residence, vacation getaway, or investment
property. Conveniently located near the community of Divide, you'll have easy access to shopping, dining,
services, and everyday necessities. The historic and vibrant town of Cripple Creek is also just a short drive away,
offering year-round festivals, live entertainment, gaming, excellent restaurants, and rich Colorado history.
Outdoor enthusiasts will appreciate the nearby opportunities for hiking, fishing, wildlife viewing, and exploring
the beauty of the surrounding mountains. Properties that combine usability, existing utilities, easy access, mature
trees, privacy, and mountain views are becoming increasingly difficult to find. Whether you're looking to build
now or invest for the future, this exceptional lot offers an outstanding opportunity to own your own piece of
Colorado mountain paradise.
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Cap Rate Calculator
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 8, 2026 | Listed | $55,000 | |
| Listed | |||
| Sep 18, 2024 | Sold | ||
| Sold | |||
| Aug 31, 2024 | In contract | - | |
| In contract | |||
| Jul 20, 2024 | Listed by United Country Timberline Realty | $1,089 | |
| Listed by United Country Timberline Realty | |||
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Beautiful Colorado Mountain Property with Amazing Views
Auction Property: List Price is the starting bid and non-reflective of value. Property is being auctioned with an undisclosed reserve. You have the opportunity to purchase this Beautiful Colorado Mountain Property with Amazing Views by an Open Bidding On-Line Auction for a perfect get away or build your dream home.
This property features magnificent views of the valley below and mountains around it, very buildable 0.50 acres with lots of trees for privacy and power on the property line. The property is located in the Rainbow Valley Subdivision with year-round access. Outdoor enthusiast will enjoy the very close proximity to 1,000's of acres of National Forest, as well as endless hiking in the surrounding mountain ranges. You don't want to miss out on this opportunity to own this beautiful mountain property that has so much potential.
Lifestyle in the Central Colorado Mountains
Central Colorado Mountains include several communities west ofColorado Springsincluding Woodland Park, Divide, Florissant, Canon City, Cripple Creek, Victor, Lake George and Hartsel. Residents have endless options for outdoor activities such as: boating onEleven Mileand Spinney Reservoirs, fishing inYou the Gold Medal Waters of the Dream Stream, biking & hiking in Mueller State Park, exploring the Florissant Fossil Beds National Monument, and the mining towns of Cripple Creek, Victor. In addition, we are only a 1 hr 30 minute driveto World Class skiing in Breckenridge.
The property is approximately a 60-minute drive from downtownColorado Springs, offering access to more amazing sites - including the US Air Force Academy,Garden of the Gods, plus easy air transportation from the Colorado Springs Airport. This mountain property can offer an amazing lifestyle while maintaining easy access to both small and large communities in the Pikes Peak region.
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| Nov 27, 1996 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017