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$545,000

Sold

A year ago

387 Lakeview Dr, Drake, CO

House

MLS® IR1022836

3 Bed

3 Bath

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  • Key Facts
  • Description
  • Rooms
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size -
Garage No
Taxes $1,915
Lot Size 4.89 acres
Approx. Age 2017
MLS® Number IR1022836

Property Address: 387 Lakeview Dr, Drake, CO, 80515

Average square foot calculated using Size range provided by listing agent.

Description

Back on the market at no fault of Seller. Rough electric, plumbing, well (5 gals/min), septic system in. Spectacular quality of construction. 4.89A of undulating mountain tops and valleys; 300 degree Cayon view. 30 minutes to Loveland, 40 minutes to FoCo and Longmont, 70 minutes to Denver, 80 minutes to DIA and Cheyenne. Perfect VRBO / AirBnB income property while enjoying Mountain appreciation. Estimate in hand ($180, 000) to complete. ARV = $1.15M. Buyer should finish the upper and middle floor first to speed up "completion", then get a Certificate of Occupancy. Finish the lower level at his/her leisure. This home cannot be financed conventionally. Cash only or through a "hard money" lender. Cannot be underwritten without a C.O., hence needs either hard money financing or CASH. I have two quotes from GC's who estimated the build-out and will finish the home.
MLS® NumberIR1022836
Laundry LevelIn Unit
Central VacNo
FireplaceNo
Acreage4.89
Exterior
GarageNo
Approx. Age2017
BasementFull, Unfinished, Walk-Out Access
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Rooms

Kitchen:Main Floor11 × 13 ft
Other:Main Floor11 × 12 ft
Living Room:Upper Level14 × 24 ft
Other:13 × 16 ft

Price History

Jul 8, 2025End Date
$345,000Sold Price

Sold

Nov 27, 2024List Date
$545,000List Price
  • Commute

Commute

Starting Address
Destination Address
387 Lakeview Dr, Drake, CO

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