32
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988 Ruby Ln
About This Property
The main level offers a spacious great room and dining area, perfect for entertaining. The kitchen features granite countertops, stainless steel appliances, and a center island for additional storage and seating. Two bedrooms and a full bath are also on the main level, providing flexible space for guests, office, or family.
Upstairs, a bonus loft connects to the large primary suite with two closets and an en-suite bath featuring a walk-in shower and dual vanities. Newer flooring has been installed in the kitchen, great room, and dining area. In-floor radiant heat and a cozy gas fireplace keep the home warm and inviting throughout the winter months. The home also offers plenty of closets and storage throughout for all your gear and essentials.
Step outside to a new composite wrap-around deck-ideal for outdoor dining, morning coffee, or relaxing under the stars. Enjoy a soak in the private hot tub after a day of mountain adventures. Natural gas is run to the house, making future hookup easy and cost-effective.
This move-in-ready home is located just minutes from downtown Leadville, shopping, and restaurants, and is a haven for outdoor enthusiasts. Close proximity to Turquoise Lake, Mt. Massive Golf Course, and miles of hiking, biking, rafting, fishing, and ATV trails. Easy access to Vail, Copper Mountain, and Aspen makes this a perfect basecamp for year-round adventure.
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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%.
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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 25, 2025 | Sold | ||
| Sold | |||
| Jul 4, 2025 | In contract | - | |
| In contract | |||
| Jun 27, 2025 | Listed by Chris Turner Realty | $699,000 | |
| Listed by Chris Turner Realty | |||
| | |||
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Beautiful mountain home in the sought-after Gem Valley neighborhood, nestled on a wooded half-acre lot in a quiet cul-de-sac. Built in 2004 with quality finishes, this well-maintained home features an open floor plan, vaulted ceilings, and plenty of natural light through large windows.
The main level offers a spacious great room and dining area, perfect for entertaining. The kitchen features granite countertops, stainless steel appliances, and a center island for additional storage and seating. Two bedrooms and a full bath are also on the main level, providing flexible space for guests, office, or family.
Upstairs, a bonus loft connects to the large primary suite with two closets and an en-suite bath featuring a walk-in shower and dual vanities. Newer flooring has been installed in the kitchen, great room, and dining area. In-floor radiant heat and a cozy gas fireplace keep the home warm and inviting throughout the winter months. The home also offers plenty of closets and storage throughout for all your gear and essentials.
Step outside to a new composite wrap-around deck-ideal for outdoor dining, morning coffee, or relaxing under the stars. Enjoy a soak in the private hot tub after a day of mountain adventures. Natural gas is run to the house, making future hookup easy and cost-effective.
This move-in-ready home is located just minutes from downtown Leadville, shopping, and restaurants, and is a haven for outdoor enthusiasts. Close proximity to Turquoise Lake, Mt. Massive Golf Course, and miles of hiking, biking, rafting, fishing, and ATV trails. Easy access to Vail, Copper Mountain, and Aspen makes this a perfect basecamp for year-round adventure.
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| Apr 12, 2019 | Sold | ||
| Sold | |||
| Jun 30, 2008 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017