840 Penstemon Rd
About This Property
Inside, greet your guests in your flexible mudroom and enjoy a spacious main level with an open-concept layout connecting the dining area, kitchen, living room, and sunroom-perfect for gatherings and everyday living. The kitchen boasts a butcher block island, stainless steel appliances, and flows seamlessly to the outdoor composite deck space equipped with a built-in speaker and home audio system. Architectural features include a timeless and elegant use of Douglas Fir, Moss Rock, and Slate Tile with in-floor radiant heat. Two bedrooms on the main level allow your guests to have convenient access and views all throughout the main level.
Upstairs, the primary suite is a private retreat with panoramic mountain views, abundant natural light, and a walk-in closet. Downstairs, unwind in the oversized tiled shower or relax in the walk-in sauna, complete with a unique peekaboo window feature.
Recent upgrades, including a newer roof, heat tape, and solar water heater, all which create a low-maintenance home. Located just 15 minutes from Keystone Ski Resort and three minutes to Keystone Ranch Golf Club, enjoy access to an 18-hole course, practice range, community pool, restaurant, and clubhouse amenities. With proximity to biking and hiking trails and eligibility for short-term rental, this home offers both a premium lifestyle and excellent investment potential.
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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 |
|---|---|---|---|
| Dec 26, 2025 | Sold | ||
| Sold | |||
| Nov 20, 2025 | In contract | - | |
| In contract | |||
| Nov 9, 2025 | Price Decreased |
$2,120,000
↓ $75K
(3.4%) | |
| Price Decreased | |||
| Oct 3, 2025 | Price Decreased |
$2,195,000
↓ $100K
(4.4%) | |
| Price Decreased | |||
| Sep 9, 2025 | Price Decreased |
$2,295,000
↓ $55K
(2.3%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017