407 Water St, Red Cliff, CO, 81649
About This Home
Arguably one of, if not the best river setting in all of Red Cliff. 1.5 Acres at the convergence of the Eagle River and Turkey Creek. This flat parcel extends over Eagle River abutting Town of Red Cliff open space land. Potential redevelopment opportunity or build your dream home on the Eagle River with incredible mountain views. The current home, built in 1915, is occupied, and there are additional sheds on the property. An incredibly unique and potentially once in a lifetime opportunity.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1915
Materials
- Foundation: Block
- Roof: Metal
- Construction materials: Frame,Wood Siding
Notable Dates
- Major remodel year: 1975
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: See Remarks
- Laundry features: See Remarks
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 1
- 3/4 bathrooms: 1
Features
- See Remarks
- Flooring: Wood
Heating & Cooling
- Heating features: See Remarks
- Cooling features: Other
Interior Area
- Total structure area: 1,559
- Total interior livable area: 1,559 sqft
Property
Details
- Parcel number: 220519106019
- Zoning: R1
Features
- Stories: 1
- Entry location: 1
Lot
- Lot size: 1.51 Acres
Parking
- Parking features: See Remarks
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Avalanche
- Inland Flooding
- Lightning
- Winter Weather
- Landslide
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters Across Colorado Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $6,320 | $75,840 |
| Home Insurance * | $439 | $5,268 |
| Property Taxes | $375 | $4,500 |
| Electricity | $186 | $2,232 |
| Total | $7,320 | $87,840 |
Income You'd Need if You Spent...
Colorado FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2025-08-07 | Listed for sale | $1,500,000 |
| 1999-07-28 | Sold | $300,000 |
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