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$3,250,000

For Sale - Active
15958 Shadow Mountain Ranch Rd, Larkspur, CO 80118
4 Beds
5 Baths
9,104 Square Feet
35.00 Acres Lot
Built in 2002
For Sale - Active
Units n/a
Checked: 19 hours ago
Updated: Jun 06, 2025 at 03:26AM

Investment Summary


Monthly Cash Flow
-$13,068
Cap Rate
0.9%
Cash-on-Cash Return
-21.0%
Debt Coverage Ratio
0.15
Internal Rate of Return (5 years)
-16.3%

Property Description


35.00 Acres Lot
Built in 2002
For Sale - Active
Units n/a

Set on 35 acres of pristine Colorado landscape, this exceptional ranch estate with a loft offers 4 bedrooms, 5 bathrooms, and an unmatched blend of privacy, luxury, and panoramic views of the valley and Pikes Peak. Every inch of this home reflects thoughtful design and timeless craftsmanship. The breathtaking great room features a 29-foot vaulted ceiling with exposed timber beams, a wall of windows that floods the space with natural light, rich hardwood flooring, elegant chandeliers, and a dramatic stone-wrapped fireplace. The gourmet kitchen is a chef’s dream with slab granite countertops, custom cabinetry, dual oversized islands—one with a gas cooktop and antler chandelier, the other with a prep sink and bar seating—plus a cozy breakfast nook and walk-in pantry. A formal dining room with vaulted wood ceilings and hardwood floors sets the stage for memorable gatherings. The main-level primary suite is a luxurious retreat with a fireplace, vaulted wood ceiling, and access to a wrap-around covered deck. The spa-inspired en-suite bath features a massive walk-in steam shower, soaking tub, dual vanities, and two walk-in closets—one with its own washer and dryer. Downstairs, the finished walk-out lower level includes a spacious family room with wet bar and fireplace, an authentic in-home theater, and two additional en-suite bedrooms. Outdoors, enjoy a fenced backyard, fenced pasture, and a 3,500+ sq ft barn with 3 stalls and 10 doors—perfect for horses or hobby livestock. This is Colorado living at its finest—where beauty, privacy, and sophistication converge. It’s more than a home—it’s a legacy. Conveniently located just 6 minutes from I-25! View the aerial tour here: sites.listvt.com/vd/192473071 and the Matterport tour here: my.matterport.com/show/?m=dZkrVBPyUiJ

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Location


Property Details


Parking

  • Description: 220V, Drive Through, Garage Door Opener, Heated, Oversized, See Prop Desc Remarks, Attached
  • Details: Asphalt, Heated Garage, Oversized, Storage, Attached
  • Garage Spaces: 6
  • Spaces Total: 11

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 5.0

Interior Features

  • # of Rooms: 19
  • # of Stories: 1
  • Basement: Yes
  • Basement Description: Daylight, Finished, Full, Walk-Out Access
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Rock, Stone
  • Roof Type: Gable
  • Roof Material: Composition

HOA

  • Has HOA: Yes
  • Association: Shadow Mountain Ranch HOA
  • HOA Fee: $1,300/annually

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: R0445908
  • Lot Size: 1524600 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Mountain Contemporary
  • Year Built: 2002

Tax Information

  • Annual Tax: $16,499

Utilities

  • Water & Sewer: Private, Well
  • Heating: Forced Air, Natural Gas
  • Cooling: Central Air

Location

  • County: Douglas

Listing Details


Listed by:
Elizabeth Owens
RE/MAX Alliance
(720) 988-4058

Source:
REColorado
MLS#: 2938104
REColorado

Investment Summary


Monthly Cash Flow
-$13,068
Cap Rate
0.9%
Cash-on-Cash Return
-21.0%
Debt Coverage Ratio
0.15
Internal Rate of Return (5 years)
-16.3%

Purchase Details

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Purchase price:
$3,250,000
Amount financed:
-$2,600,000
Down payment:
$650,000
Closing costs:
$97,500
Rehab costs:
$0
Initial cash invested:
$747,500
Square feet:
9,104
Cost per square foot:
$357
Monthly rent per square foot:
$0.60

Financing Details

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Loan amount:
$2,600,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$15,380
Property tax:
$1,375
Insurance:
$385
Private mortgage insurance (PMI):
$0
Monthly payment:
$17,140

Operating Income

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% Rent Monthly Yearly
Gross rent:
$5,500 $66,000
Vacancy loss: (6%)
6% -$330 -$3,960
Operating income:
$5,170 $62,040

Operating Expenses


% Rent Monthly Yearly
Property taxes: (25%)
25%-$1,375-$16,499
Insurance: (7%)
7%-$385-$4,620
Property management: (8%)
8%-$440-$5,280
Repairs & maintenance: (5%)
5%-$275-$3,300
Capital expenditures: (5%)
5%-$275-$3,300
HOA fees: (2%)
2%-$108-$1,296
Total operating expenses: (52%)
52%-$2,858-$34,295

Cash Flow


Monthly Yearly
Net operating income:
$2,312 $27,744
Mortgage payments:
-$15,380 -$184,560
Cash flow:
$13,068 $156,816