8500 Steeplechase Dr
About This Property
Close enough to everything you need but far enough away for that Peace and Tranquility you desire. This unique and one of a kind property features an active well with adjudicated water rights (2 acre feet per year) and Electrical Service already on the property; 20-25 acre fenced pasture area; over 200 trees and bushes on drip system; AG status (Low Taxes) and most importantly the Spectacular Views!!! Bring your Horses, Cows, Lamas, Alpacas and many other animals. There are many opportunities to see beautiful wildlife as well!!! Covenants allow for Primary Residence and 3 outbuildings to build your Custom Estate!!! You wont find anything better for the price; 35 acre lot, Paved Roads, 10-15 min to Parker & Castle Rock; Stunning unobstructed Views of Pikes Peak to Longs Peak; backs to Castlewood Canyon State Park; plenty of recreation opportunities near by as well. A true must see, show it today!!!
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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%.
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 |
|---|---|---|---|
| May 3, 2024 | Listed | $825,000 | |
| Listed | |||
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Absolutely stunning! Welcome to your slice of paradise in this incredible 35-acre lot nestled within an equestrian-style community! Calling all dream home builders - this is your canvas to create the home you've always envisioned. Prepare to be captivated by the breathtaking views of the Front Range Mountains, that stretch ore than 100 miles from the majestic Pikes Peak to the towering Longs Peak. It's a panorama that must be experienced firsthand to truly appreciate its magnificence. Situated within a gated and paved subdivision, surrounded by multi-million dollar estates, this property offers exclusivity and prestige. And with Castlewood Canyon State Park as your neighbor to the south, Designated as a Colorado Natural Area, the park preserves 2,628 acres, assuring that nothing will ever obstruct your stunning vistas. Utility essentials are already in place, with an active well boasting adjudicated water rights (2 acre feet per year) and electrical service ready for your convenience. The property also features a fenced 20-25 acre pasture area, perfect for accommodating horses, livestock, or others. Natural grasses abound with some trees and bushes on a drip system. With agricultural status in place, enjoy the benefit of low taxes, fresh air, views, and no metro district, while reveling in the beauty of your surroundings. The possibilities are endless with covenants permitting a primary residence and three outbuildings, allowing you to craft your custom estate to perfection. Whether you're seeking peace and tranquility or outdoor adventure, this property offers the best of both worlds. Conveniently located just 10-15 minutes from Parker and Castle Rock, you're close enough to access all the amenities you need while still enjoying the serenity of rural living. Don't miss out on this unparalleled opportunity to own a piece of Colorado's natural beauty and live the Colorado Lifestyle - schedule your showing today and witness the magic for yourself!
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| Oct 23, 2023 | Sold | ||
| Sold | |||
| Jul 17, 2023 | Listed | $575,000 | |
| Listed | |||
| Jun 2, 2021 | Sold | ||
| Sold | |||
| Jan 13, 2021 | Listed | $525,000 | |
| Listed | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017