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7983 Raphael Ln
About This Property
Surrounded by Ravenna's iconic red rock formations and breathtaking foothill vistas, this homesite provides the perfect setting to design and build the custom residence you've always envisioned. To streamline the building process and add significant value, the property includes a water tap, soils report, and topography report. Additionally, buyers can save substantial time and design costs with access to preliminary building plans for a stunning reverse walk-out mountain modern home specifically designed for this lot through one of our preferred custom builders.
Ravenna offers an unmatched luxury lifestyle with 24/7 gated security, a nationally recognized Jay Morrish-designed championship golf course, resort-style pool, state-of-the-art fitness center, spa services, exceptional clubhouse dining, and an active social calendar. Residents also enjoy direct access to miles of trails, stunning natural beauty, and a peaceful setting unlike anywhere else along the Front Range.
Conveniently located just 30 minutes from Downtown Denver with quick access to C-470, Ravenna combines privacy, exclusivity, and convenience. Whether you're seeking a golf retreat, a mountain-inspired estate, or your forever home, this is an extraordinary opportunity to build exactly what you want in one of Colorado's most exclusive communities. Bring your own builder or take advantage of our trusted custom builder partners and available conceptual plans to accelerate your dream home journey. Financing incentives available.
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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 |
|---|---|---|---|
| Jun 3, 2026 | Listed | $549,000 | |
| Listed | |||
| Jun 2, 2026 | No longer available | - | |
| No longer available | |||
| Apr 23, 2026 | Relisted | $585,000 | |
| Relisted | |||
| Mar 21, 2026 | In contract | - | |
| In contract | |||
| Jan 8, 2026 | Price Increased |
$585,000
↑ $36K
(6.6%) | |
| Price Increased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017