8879 William Cody Dr
About This Property
The vaulted living room sets the tone with exposed beams, a rustic moss rock fireplace, and a dramatic wall of windows that frame forest views and flood the space with natural light. Wildlife wanders through daily-elk, deer, turkeys-making the outdoors feel like part of the home.
The refreshed kitchen features alder cabinetry, quartz counters, a pantry, and new stainless steel appliances. It flows into the dining area and out to the wraparound deck, perfect for coffee at sunrise or stargazing at night. The main-level primary suite also opens to the deck, making it easy to unwind in solitude amidst the evergreens.
Downstairs, the walk-out level offers a spacious family room with woodstove and two additional bedrooms. Recent updates include new lighting fixtures inside and out, fresh interior paint and baseboards, painted deck, replaced concrete steps, and newer luxury vinyl plank flooring throughout. Major systems have also been upgraded: windows, roof, furnace, and exterior paint.
Outside, the mature lot provides room to relax, garden, or host guests. A solid barn (sold as-is) adds character and possibility-and is often explored by curious wildlife. Valley Hi Ranch is known for its welcoming community and neighborhood events, plus proximity to trails, Evergreen Lake, and top-rated schools.
The location seals the deal: peaceful mountain living just minutes to Evergreen amenities and with quick access to 285 for a smooth Denver commute.
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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 |
|---|---|---|---|
| Oct 22, 2025 | Sold | ||
| Sold | |||
| Sep 21, 2025 | In contract | - | |
| In contract | |||
| Sep 11, 2025 | Listed by Madison & Company Properties | $785,000 | |
| Listed by Madison & Company Properties | |||
| Oct 26, 2020 | Sold | ||
| Sold | |||
| Aug 20, 2020 | Listed by Madison & Company Properties | $580,000 | |
| Listed by Madison & Company Properties | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017