Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Keystone Homesite in Elk Run Title is generated by Realmo AI

    281 Elk Circle lot 23, Dillon, CO 80435

    View on Map
    Claim this Listing
    For Sale
    $749,900

    LAND - DILLON, CO

    Lot size:
    0.18 Acres
    Added:
    Jun 23, 2025
    Days on Market:
    339
    Last Refresh:
    May 27 at 2:06 am

    Property Features for 281 Elk Circle lot 23

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    6503201
    Lot size
    0.18 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    6788

    We can help!

    Listing Contact
    Karen Seitz
    Karen Seitz

    Listing agent Karen Seitz License #100075787

    Listing office Compass PO Box 3874, Breckenridge, CO

    Listing date Jun 23, 2025

    MLS# S1059896 Listing URL

    Copyright © 2026 Altitude REALTORS ®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Build‑ready 7,901 sq ft homesite with access to public utilities.
    • Located in the prestigious Elk Run neighborhood of Keystone, Colorado.
    • Minutes from the River Course golf course, world‑class skiing, hiking, biking trails, and dining.
    • Gently sloping lot among mature trees on a quiet street.
    • Opportunity for custom mountain retreat in an established community.
    • Rare opportunity in a sought‑after Summit County neighborhood.

    Overview

    This 7,901 sq ft homesite is located in the Elk Run neighborhood of Keystone, Colorado. The gently sloping lot is situated among mature trees on a quiet street. Public utilities, including water, sewer, and electricity, are available. The property is located minutes from the River Course golf course, skiing, hiking and biking trails, and dining. This location offers access to resort amenities. This homesite is suitable for weekend getaways or year-round mountain living. The property is located in Summit County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Big Box & Wholesale Store Building Supply Auto Repair Shop Car Rental Facility Daycare Center Accounting Firm Grocery & Convenience Store Veterinary Clinic Cosmetic Store Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dillon
    County
    Summit
    State
    Colorado
    Longitude
    -106.122
    Latitude
    39.6522

    Nearby Similar for Sale

    • $1,050,000
      1,714 SF

      Dillon Duplex with Mountain Views

      Move-in ready duplex in Dillon with stunning Gore Range views.
      60 Doe Drive, DILLON, CO 80435
      View Details
    • $1,345,000
      2,077 SF

      Dillon Multifamily with Mountain Views

      Summit County multifamily property near ski resorts and Lake Dillon.
      454 Ensign Drive, DILLON, CO 80435
      View Details
    • $697,000
      7,000 SF

      Residential Lot Overlooking Keystone Golf

      0.47-acre residential lot with mountain views in Dillon, Colorado.
      442 Idlewild Drive lot: 15, DILLON, CO 80435
      View Details
    • $595,000

      Dillon, CO Land Opportunity

      Homesite bordered by golf course and Soda Creek.
      1018 Summit Drive lot: 3, DILLON, CO 80435
      View Details
    • $1,499,000

      Lake Dillon View Homesite

      Rare opportunity to build a custom home overlooking Lake Dillon.
      315 High Meadow Drive lot: 56C, DILLON, CO 80435
      View Details
    • $550,000

      Dillon Office Space Opportunity

      Rare Summit County single-level office space for sale.
      114 Village Place, DILLON, CO 80435
      View Details
    • $1,025,000

      Dillon Office Space For Sale

      Rare Summit County commercial opportunity with flexible, divisible space.
      114 Village Place, DILLON, CO 80435
      View Details
    • $949,000
      1,601 SF

      Dillon Duplex Backing to Open Space

      Well-maintained Summit Cove duplex with open space access.
      1109 Royal Coachman Boulevard, DILLON, CO 80435
      View Details
    • $2,500,000

      Dillon Commercial Property For Sale

      Premier commercial property in Dillon's core district with income potential.
      348 Lake Dillon Drive, Dillon, CO 80435
      View Details
    • $649,000

      Dillon Homesite with Mountain Views

      0.51-acre homesite near Dillon Marina and Amphitheater.
      321 Tenderfoot Street lot: 11, DILLON, CO 80435
      View Details
    • $100,000
      75,359 SF

      Large Vacant Lot For Sale

      1.73 acre vacant lot in Montezuma Heights!
      392 Bullion Mine Road, Dillon, CO 80435
      View Details
    • $1,500,000
      5,040 SF

      Dillon Commercial Suite For Sale

      5,040 SF commercial suite with flexible subdivision options.
      114 Village #101 + 102, Dillon, CO 80435
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Build-ready 7,901 sq ft homesite in Keystone, Colorado.
    Where is this residential land & home lot located?
    The property is located at 281 Elk Circle lot 23 Dillon, CO.
    What is the asking price?
    The asking price for this property is $749,900.
    What are key features of this property?
    This property features: Build‑ready 7,901 sq ft homesite with access to public utilities.; Located in the prestigious Elk Run neighborhood of Keystone, Colorado.; Minutes from the River Course golf course, world‑class skiing, hiking, biking trails, and dining.
    (970) 925-6063
    We can help!
    Listing Contact
    Karen Seitz
    Karen Seitz
    Real Estate License ID: 100075787
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    281 Elk Circle lot: 23, DILLON, CO 80435
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!