15185 Rainbow Drive, Sedalia, CO, 80135
About This Home
2-Bed Mountain Cabin on 4.3 Acres Near Deckers | Trout Fishing | Under $500K Looking for a Colorado mountain cabin near Deckers with acreage, privacy, and access to fly fishing? Your dream cabin is now listed under $500K at $499,000. Located at 15185 Rainbow Drive in Sedalia, this fully remodeled 2-bedroom, 1-bath cabin with 768 sq ft sits on 4.3 wooded acres in the private Rainbow Falls community near Deckers. The setting feels tucked away in the trees, yet you’re just 9 minutes from Deckers and the South Platte River, known for its gold medal fly fishing. Inside, the cabin has been thoughtfully remodeled while keeping the cozy Colorado cabin feel you will love. Outside, the property offers incredible outdoor living with a large deck with new railing, brick paver patio, turf seating area, and a trail cut through the land for exploring or letting dogs run. Major upgrades provide peace of mind, including a new metal roof with 3-inch insulation, new septic system, sealed foundation walls, reinforced caissons, and an additional new caisson. Rainbow Falls residents enjoy two private community ponds. Beaver Pond and Gem Pond - stocked with trout twice a year! If you're searching for a mountain cabin near Deckers, a fly fishing getaway, or a Colorado retreat with land under $500K, this property is the one for you.
Getting Around
Car-Dependent
Very Limited Transit
Not Bike FriendlySchools
Construction
Condition
- Year built: 1965
Materials
- Foundation: Slab
- Roof: Composition
- Construction materials: Frame,Rock,Wood Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Mountain Contemporary
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Cooktop,Dishwasher,Disposal,Dryer,Electric Water Heater,Oven,Refrigerator,Washer
Bathroom
- Features: Primary Suite
- Level: Main
- Area: 40
- Dimensions: 8 x 5
Bedroom
- Features: Primary Suite
- Level: Main
- Area: 110
- Dimensions: 11 x 10
Bedroom
- Features: Primary Suite
- Level: Main
- Area: 110
- Dimensions: 11 x 10
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- 3/4 bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Features
- Ceiling Fan(s),High Ceilings,No Stairs,Open Floorplan,Quartz Counters
- Window features: Double Pane Windows
- Flooring: Carpet,Laminate
- Number of fireplaces: 1
- Fireplace features: Living Room,Wood Burning
- Fireplace: Yes
- Finished area above ground: 768
Heating & Cooling
- Heating features: Propane,Wall Furnace,Wood
- Cooling features: None
Interior Area
- Total structure area: 768
- Total interior livable area: 768 sqft
Kitchen
- Level: Main
- Area: 288
- Dimensions: 18 x 16
Laundry
- Level: Main
- Area: 48
- Dimensions: 6 x 8
Living Room
- Level: Main
- Area: 238
- Dimensions: 17 x 14
Property
Details
- Parcel number: R0150375
- Zoning: ER
- Special condition: Standard
- Exclusions: Sellers Personal Property
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck
- Exterior features: Private Yard
- Fencing: Partial
- Has view: Yes
- View description: Meadow,Mountain(s),Valley,Water
- Has water view: Yes
- Water view: Water
Lot
- Lot size: 4.30 Acres
- Features: Borders National Forest,Borders Public Land,Many Trees,Mountainous,Open Space,Protected Watershed,Rock Outcropping,Secluded,Sloped,Steep Slope
Parking
- Total spaces: 2
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
- Wildfire
- Hail
- Landslide
- Lightning
- Winter Weather
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 | $2,523 | $30,276 |
| Home Insurance * | $245 | $2,940 |
| Property Taxes | $237 | $2,844 |
| Electricity | $186 | $2,232 |
| Total | $3,191 | $38,292 |
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)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-14 | Price change | $499,000 |
| 2026-03-04 | Price change | $505,000 |
| 2026-02-02 | Listed for sale | $515,000 |
| 2023-07-21 | Sold | $450,000 |
| 2022-05-18 | Sold | $449,900 |
| 2017-12-22 | Sold | $200,000 |
| 2002-12-27 | Sold | $170,000 |
| 2000-07-11 | Sold | $170,000 |
| 1998-03-23 | Sold | $113,000 |
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