88 Malmsey Ln
About This Property
Electricity is already at the lot line, giving you a meaningful head start on any future build. Water access is flexible: drill your own well, install a cistern, or tap into the community well for a nominal fee. Septic would be needed for permanent use. Teller County's straightforward zoning gives you the freedom to build, camp, or simply hold a well-positioned piece of mountain land while the area continues to grow.
Sherwood Forest Estates sits in one of the most accessible stretches of mountain Colorado. Woodland Park is about 15 minutes away for groceries, dining, medical, and everyday conveniences. Cripple Creek is roughly 20 minutes out for gaming, history, and entertainment. Colorado Springs is under an hour, and Denver is within two hours, far enough to feel like an escape but close enough to actually use on weekends.
The surrounding area is packed with outdoor recreation. Mueller State Park, world-class fishing, ATV trails, waterfall hikes, and National Forest access are all within easy reach. If you're looking for a quiet, treed lot in an established neighborhood with utilities already started, this one is worth a close look.
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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 |
|---|---|---|---|
| Aug 24, 2026 | Sold | ||
| Sold | |||
| Aug 12, 2026 | In contract | - | |
| In contract | |||
| Aug 4, 2026 | Price Decreased |
$30,900
↓ $1K
(3.1%) | |
| Price Decreased | |||
| Jul 1, 2026 | Price Decreased |
$31,900
↓ $1K
(3%) | |
| Price Decreased | |||
| Jun 3, 2026 | Price Decreased |
$32,900
↓ $1K
(3%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017