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$14,800,000

For Sale - Active
640 S 68th St, Boulder, CO 80303
5 Beds
7 Baths
8,884 Square Feet
54.83 Acres Lot
Built in 1997
For Sale - Active
Units n/a
Checked: 1 day ago
Updated: May 27, 2025 at 06:54PM

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$71,747
Cap Rate
0.4%
Cash-on-Cash Return
-25.3%
Debt Coverage Ratio
0.07
Internal Rate of Return (5 years)
-20.4%

Property Description


54.83 Acres Lot
Built in 1997
For Sale - Active
Units n/a

A once-in-a-lifetime luxury estate, Lodestar Ranch is a spacious haven of 55 acres in the heart of Boulder. With majestic views of Longs Peak and Boulder's iconic Flatirons, this is your opportunity to enjoy a dream lifestyle in privacy - plus all the amenities of the Denver metropolitan area just minutes away.Inside the residence, you're transported to a realm where architecture seamlessly integrates with nature. Within a space designed expressly for entertaining, you can enjoy memorable occasions with friends and family beneath soaring beams and fine woodwork. Inspired by the genius of I.M. Pei and Frank Lloyd Wright, this extraordinary home is a testament to harmonious elegance.This expansive land in the heart of Boulder is a priceless opportunity to create something extraordinary. On its 55 acres, you can build the equestrian facility, automotive workshop, athletic court, or swimming setup of your dreams.Surrounded by stunning panoramic views and serene landscapes, the property's size and location ensure privacy and tranquility - a rare haven in today's world. Relax in the shaded courtyard, wander to the private pond surrounded by cottonwood trees, or dine alfresco on the expansive lawn as the sun casts golden hues over the Rockies.Situated in the midst of Boulder's vaunted biotech corridor and startup community, Lodestar Ranch is a prime base for pursuing leading-edge professional opportunities. A short drive brings you to downtown Boulder, where a vibrant arts scene, world-class dining, and eclectic shops await. For those requiring private jet center access, Rocky Mountain Metropolitan Airport enables effortless business trips and weekend getaways. The sheer size and location of this luxury estate make it an exceptional find. From its visionary architecture to its unmatched amenities and possibilities, Lodestar Ranch is Colorado living at its absolute finest. Don't let this rare opportunity slip away - contact us today!

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Location


Property Details


Parking

  • Description: Heated Garage, Oversized, RV Access/Parking
  • Details: Heated Garage, Oversized, RV Access/Parking, Attached
  • Garage Spaces: 5
  • Spaces Total: 5

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Full): 4
  • # of Baths (Partial): 2
  • # of Baths (Total): 7.0

Interior Features

  • # of Rooms: 19
  • # of Stories: 1
  • Basement Description: None

Exterior Features

  • Exterior Walls Materials: Stucco
  • Roof Material: Slate

Land Information

  • Land Use: Residential
  • Land Use Subtype: Rural/Agricultural

Lot Information

  • Parcel ID: 157711000069
  • Lot Size: 2388395 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Spanish
  • Year Built: 1997

Tax Information

  • Annual Tax: $0

Utilities

  • Water & Sewer: Private, Cistern, Well
  • Heating: Radiant
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: Boulder

Listing Details


Listed by:
Brett Sawyer
Kentwood Real Estate Boulder Valley
(303) 820-2489

Source:
REColorado
MLS#: IR1006392
REColorado

Investment Summary


Potential Missing Expenses

We noticed that property taxes are missing—this is a standard expense and should be considered in your estimate.

Monthly Cash Flow
-$71,747
Cap Rate
0.4%
Cash-on-Cash Return
-25.3%
Debt Coverage Ratio
0.07
Internal Rate of Return (5 years)
-20.4%

Purchase Details

Find an Agent

Purchase price:
$14,800,000
Amount financed:
-$11,840,000
Down payment:
$2,960,000
Closing costs:
$444,000
Rehab costs:
$0
Initial cash invested:
$3,404,000
Square feet:
8,884
Cost per square foot:
$1,666
Monthly rent per square foot:
$0.90

Financing Details

Find a Lender

Loan amount:
$11,840,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.810%
Principal & interest:
$77,267
Property tax:
$0
Insurance:
$560
Private mortgage insurance (PMI):
$0
Monthly payment:
$77,827

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$8,000 $96,000
Vacancy loss: (6%)
6% -$480 -$5,760
Operating income:
$7,520 $90,240

Operating Expenses


% Rent Monthly Yearly
Property taxes: (n/a)
n/an/an/a
Insurance: (7%)
7%-$560-$6,720
Property management: (8%)
8%-$640-$7,680
Repairs & maintenance: (5%)
5%-$400-$4,800
Capital expenditures: (5%)
5%-$400-$4,800
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (25%)
25%-$2,000-$24,000

Cash Flow


Monthly Yearly
Net operating income:
$5,520 $66,240
Mortgage payments:
-$77,267 -$927,204
Cash flow:
$71,747 $860,964