$270,000
●
Land -
For Sale
8356 Longhorn Dr
Salida, CO 81201
Studio
0 Bath
$1,583
Est. Monthly
$25
HOA / Fees
About This Property
Located just 2.5 miles from downtown Salida, this 2.03 acre lot is
close to the Arkansas River and all that Salida has to offer, as
well as the quiet country life that is calling you! Majestic views
of the Collegiate Peaks and Sawatch Mountain ranges. Just walk
across the road for access to the Arkansas River. Franz Lake State
Wildlife Area is an easy walk across the road as well with a
meandering trail hugging the riverbanks into town. The lot has
electric to the lot and comes with a well Augmentation Certificate
which allows for some outside watering once well is drilled. Build
your Salida dream home on this dreamy lot in Longhorn Ranch!
Unit Size
-
Days on Market
-
Land Size
2.03 acres
Price per sqft
-
Property Type
Land
Property Taxes
$232
HOA Dues
$25
Year Built
-
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 2 years ago (REcolorado MLS #9525552)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 26, 2026 | Sold | ||
| Sold | |||
| May 2, 2026 | In contract | - | |
| In contract | |||
| May 21, 2025 | Listed | $232,000 | |
| Listed | |||
   | |||
|
Located just 2.5 miles from downtown Salida, this 2.03 acre lot is close to the Arkansas River and all that Salida has to offer, as well as the quiet country life that is calling you! Majestic views of the Collegiate Peaks and Sawatch Mountain ranges. Just walk across the road for access to the Arkansas River. Franz Lake State Wildlife Area is an easy walk across the road as well with a meandering trail hugging the riverbanks into town. The lot has electric to the lot and comes with a well Augmentation Certificate which allows for some outside watering once well is drilled. Build your Salida dream home on this dreamy lot in Longhorn Ranch!
| |||
| Jul 27, 2021 | Sold | ||
| Sold | |||
Property Highlights
Exterior Details
Property Condition: Not New, Previously Owned
Lot Size Area: 88427
Lot Size Units: Square Feet
Lot Size Acres: 2.03
Lot Size Square Feet: 88427
Water Source: Well, No Water/Sewer
Financial Details
Tax Annual Amount: $2,780
Utilities Details
Sewer : Septic Tank, Septic, No Water/Sewer
Location Details
HOA Fee: $300
HOA Fee Frequency: Annually
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Chaffee
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Listed by: Kym Mellsop, Pinon Real Estate Group LLC
Last Updated: 2 years ago
Data Source: REcolorado MLS, MLS# 9525552
© 2026 REcolorado® All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, REcolorado®. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated: 2 years ago
Data Source: REcolorado MLS, MLS# 9525552
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