97 Highland Dr
About This Property
The main residence features tongue-and-groove vaulted ceilings and perfectly placed windows that frame incredible views of the Twin Sisters peaks. A cozy wood-burning stove anchors the open-concept living space. Finishes include stained concrete floors on the main level and a second-floor primary suite with luxury vinyl plank flooring, a classic clawfoot tub, and a spacious landing area ideal for a home office or sitting area. The kitchen offers beautiful cabinetry and a Hevea butcher block island, supported by radiant in-floor heat powered by a high-efficiency Navien boiler.
The ADU, attached to the two-car garage, mirrors the craftsmanship of the main home and provides flexible space for guests, extended family, or potential rental income. It includes its own kitchen and laundry. The property also offers ample space for RV and recreational vehicle parking, along with a dedicated storage shed with a garage door for additional equipment and gear.
With no active HOA or restrictive covenants, the property offers true residential freedom and is a stone's throw from nearby BLM land. The augmented well permit allows for the two dwellings and limited garden irrigation, while a paved, county-maintained road ensures convenient year-round access. Livestock or horses may be permitted per county zoning. All appliances are included, and a sawmill is available for separate negotiation. This is a rare opportunity to enjoy modern comfort while embracing the Colorado mountain lifestyle.
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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 |
|---|---|---|---|
| Jun 19, 2026 | Sold | ||
| Sold | |||
| Apr 29, 2026 | In contract | - | |
| In contract | |||
| Apr 8, 2026 | Price Decreased |
$684,000
↓ $40K
(5.5%) | |
| Price Decreased | |||
| Mar 17, 2026 | Listed | $724,000 | |
| Listed | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017