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.
Sold for $345,000 on 07/08/25
$345,000
387 Lakeview Dr, Drake, CO 80515
3beds
3baths
2,206sqft
Farm
Built in 2017
4.89 Acres Lot
$343,500 Zestimate®
$156/sqft
$3,300 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: July 09, 2025 at 09:44am
Listed by:
Rich Coccaro 817-480-8818,
Keller Williams Realty NoCo
Bought with:
Tara Tooley
Tara Tooley
Source: IRES,MLS#: 1022836
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Main level bedrooms: 1
Primary bedroom
- Area: 208
- Dimensions: 16 x 13
Bedroom 2
- Area: 132
- Dimensions: 12 x 11
Bedroom 3
- Area: 90
- Dimensions: 10 x 9
Kitchen
- Area: 143
- Dimensions: 13 x 11
Living room
- Area: 336
- Dimensions: 24 x 14
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Laundry: Washer/Dryer Hookups
Features
- Eat-in Kitchen, Cathedral/Vaulted Ceilings, Pantry, Walk-In Closet(s), Loft, Kitchen Island, Two Primary Suites, High Ceilings, Split Bedroom Floor Plan, Walk-in Closet, 9ft+ Ceilings
- Flooring: Wood, Wood Floors
- Basement: Full,Unfinished,Walk-Out Access
- Number of fireplaces: 1
- Fireplace features: Single Fireplace
Interior area
- Total structure area: 2,206
- Total interior livable area: 2,206 sqft
Property
Parking
- Details: Garage Type: None
Features
- Levels: Two
- Stories: 2
- Fencing: Partial
- Has view: Yes
- View description: Mountain(s), Hills, Plains View
- Body of water: nearby
Lot
- Size: 4.89 Acres
- Features: Dry, Cows Allowed, Horses Allowed, Pigs Allowed, Llama Allowed, Goats Allowed, Sheep Allowed, Wooded, Rolling Slope, Rock Outcropping
Details
- Parcel number: R0504653
- Zoning: E-SFR
- Special conditions: Private Owner
- Horses can be raised: Yes
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Chalet
- Property subtype: Farm
Materials
- Wood/Frame, Log
- Roof: Metal
Condition
- Under Construction
- New construction: Yes
- Year built: 2017
Details
- Builder name: TJ's, CO's Premier Log Co
Utilities & green energy
- Electric: Electric, PVREA
- Sewer: Septic, Septic Field, Septic Vault
- Water: Well, WELL - 5 gals / 850'
- Utilities for property: Electricity Available, Propane, Trash: local
Community & neighborhood
Location
- Region: Drake
- Subdivision: Cedar Pk
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $25 annually
Other
Other facts
- Listing terms: Cash,FHA,Owner Pay Points
- Road surface type: Gravel