983 Emerald Rd
About This Property
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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 |
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| Jul 12, 2024 | Sold | ||
| Sold | |||
| May 27, 2024 | In contract | - | |
| In contract | |||
| May 23, 2024 | Listed by YOUR CASTLE SUMMIT | $2,799,000 | |
| Listed by YOUR CASTLE SUMMIT | |||
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This gorgeous property is the definition of THE Colorado Dream Home and provides the "away from everything" ranch vibe without having to take care of livestock! 983 Emerald sits at the top of the hill in Ruby Ranch with 360 degree views of the Gore Range, Lake Dillon, Keystone ski slopes, and all the valleys in between. Recently updated with new firewise metal and trex decks, a new metal roof, new wool carpet, and updates in bathrooms, lighting and furniture, this home is the perfect blend of mountain rustic with contemporary flair. With three bedrooms and an additional sleeping loft with bathroom, this almost 4,000 SF home is roomy enough for everyone to have their own space and enjoy two living areas. The outdoor areas feature multiple decks and seating locations and a horseshoe pit. Adjacent to the Eagles Nest Wilderness trails, you can not only enjoy your own 5.35 acres, but 133,496 acres of National Forest! This private gated equestrian community provides easy and close access to Silverthorne but feels like you are a million miles away from everything. The Ruby Ranch neighborhood is certified as a national Firewise Community.
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| May 25, 2023 | Listed | $2,750,000 | |
| Listed | |||
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Grasp this rare chance to own a unique, custom log home in Ruby Ranch's gated equestrian community. Situated on over five acres, this mountain sanctuary gifts you with panoramic views. Behold the tranquil Lake Dillon, vibrant Keystone Resort, and the formidable Buffalo and Red Mountain Peaks. Venture inside to find a thoroughly upgraded kitchen outfitted with top-notch appliances. Adjacent, a striking floor-to-ceiling fireplace exudes a welcoming warmth after a day filled with mountain adventures. This isn't merely a residence, but a lifestyle - a blend of tranquility, nature's grandeur, and refined mountain living. It's the embodiment of the Colorado dream, waiting for you to call it home.
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| May 18, 2022 | Listed | $2,900,000 | |
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Here is your exclusive opportunity to own a one-of-a-kind, custom log home in the gated equestrian community of Ruby Ranch. This mountain retreat is perfectly positioned on 5+ acres to provide you with omni directional views of Lake Dillon, Keystone Resort, Buffalo Mountain, and Red Mountain Peaks. Fully remodeled kitchen with a floor to ceiling fireplace will greet your guests after a day of mountain adventures.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017