9980 Heather Dr
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 |
|---|---|---|---|
| Oct 28, 2026 | Listed | $1,275,000 | |
| Listed | |||
| Sep 6, 2026 | No longer available | - | |
| No longer available | |||
| Jul 8, 2026 | Price Decreased |
$1,295,000
↓ $100K
(7.2%) | |
| Price Decreased | |||
| Apr 23, 2026 | Price Decreased |
$1,395,000
↓ $80K
(5.4%) | |
| Price Decreased | |||
| Mar 20, 2026 | Listed | $1,475,000 | |
| Listed | |||
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Set within the rolling landscape of Surrey Ridge Estates, this private five-acre property captures the essence of Colorado's open-space lifestyle while remaining remarkably connected to the city. Expansive meadow and mountain views, highlighted by the distant silhouette of Pikes Peak, create a sense of place that feels both grounded in nature and elevated in experience. Here, privacy and accessibility exist in quiet harmony, with Lone Tree, Castle Rock, and the Denver Tech Center just minutes away. The custom ranch residence unfolds across approximately 4,800 finished square feet, thoughtfully positioned to take full advantage of its natural surroundings. Light-filled living spaces open outward to a wrap-around Trex deck, creating a seamless connection between interior comfort and the expansive landscape beyond. The home's generous proportions and open flow provide an inviting environment for both intimate gatherings and larger-scale entertaining. Equestrian functionality is integrated into the property through a two-stall barn equipped with water and electricity, offering a foundation for a horse-centered lifestyle or the flexibility for hobby use. The acreage itself invites vision, whether expressed through curated outdoor living areas, refined landscape design, or simply preserved as an expanse of natural beauty. Constructed with enduring craftsmanship and maintained with care, the residence presents a compelling opportunity to reimagine interior spaces while benefiting from an increasingly uncommon land offering in this established acreage community. Properties of this scale and proximity are seldom available, positioning the estate as both a meaningful lifestyle choice and a lasting legacy investment. This is a place where the rhythm of wide-open Colorado living meets the convenience of metropolitan access, a setting defined as much by its land as by the life it makes possible.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017