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2400 Casteel Creek Road

Baseline Property Group Acquires 450 Acre Single Family Property In Edwards, CO For $40M
SOLDSingle Family Residence

Baseline Property Group Acquires 450 Acre Single Family Property In Edwards, CO For $40M

2400 Casteel Creek Road

$40,000,000

Building Size

Asset Type

Single Family Residence

Closing

Nov 30, 2022

AI

The single-family property located at 2400 Casteel Creek Rd in Edwards, CO has been sold for a price of $40,000,000. Spanning across 450 acres, this property offers a spacious and expansive living space. The transaction took place on November 30, 2022, with Baseline Property Group as the buyer and Robert Levine as the seller.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $40,000,000
  • Address: 2400 Casteel Creek Rd, Edwards, CO
  • Market: Edwards, CO
  • Acres: 450

Malia Cox Nobrega and Barbara Gardner Scrivens from LIV Sotheby’s International Realty served as the brokers for this transaction, representing both the buyer and the seller. Their expertise and knowledge in the real estate industry facilitated the smooth completion of this deal.

Players

Malia Cox Nobrega

Sotheby's International Realty

Broker

$40M

vol

1 deal

Broker
BG
Baseline Property GroupBuyer
Robert Levine

Robert Levine

Urban Standard Capital

Seller

$270.5M

vol

29 deals

Seller

Edwards Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.40%

Cash-on-Cash

-0.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93