198 Juniper Dr
About This Property
The water certificate fee ($17,500) and water tap/curb stop ($4,500) have been paid, electric is already on the lot ($5,000), and a septic engineering study ($1,300) has been completed and is available to the new buyer. These significant expenses have already been handled, making the path to building much smoother.
Set in the heart of Twin Lakes, CO, this location is known for its peaceful mountain setting, historic character, and exceptional access to outdoor recreation. Twin Lakes sits at the base of Mount Elbert and Mount Massive, with sweeping alpine views in every direction. Enjoy easy access to the Twin Lakes themselves for boating, paddleboarding, kayaking, and fishing, as well as miles of nearby hiking, biking, ATV, and snowmobile trails. In the winter months, the area offers opportunities for snowshoeing and backcountry skiing, while summer and fall bring incredible wildflowers and high-alpine adventures. Just minutes from Leadville and a short drive to Buena Vista, you'll enjoy a true mountain lifestyle with convenient access to dining, shopping, and year-round events.
Service providers & infrastructure:
Water is provided by Mount Elbert Water Association (MEWA) - https://www.mountelbertwater.org/
The property is part of a metro district that provides road maintenance and snow plowing - https://www.panarkestatesmd.org/
Lake County provides building permits and inspections - https://www.lakecountyco.com/188/Community-Planning-Development
With key improvements complete and one of Colorado's most scenic mountain locations at your doorstep, this Twin Lakes lot is an exceptional opportunity to build with confidence.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 15, 2026 | Sold | ||
| Sold | |||
| Jun 30, 2026 | In contract | - | |
| In contract | |||
| May 16, 2026 | Price Decreased |
$75,000
↓ $10K
(11.8%) | |
| Price Decreased | |||
| Dec 23, 2025 | Listed | $85,000 | |
| Listed | |||
| |||
|
Over $28,000 in improvements are already in place on this Twin Lakes lot, saving you time and money as you prepare to build. Located in the Pan Ark Subdivision of Twin Lakes, Colorado, this beautiful lot offers a head start on construction with several major items already completed.
The water certificate fee ($17,500) and water tap/curb stop ($4,500) have been paid, electric is already on the lot ($5,000), and a septic engineering study ($1,300) has been completed and is available to the new buyer. These significant expenses have already been handled, making the path to building much smoother.
Set in the heart of Twin Lakes, CO, this location is known for its peaceful mountain setting, historic character, and exceptional access to outdoor recreation. Twin Lakes sits at the base of Mount Elbert and Mount Massive, with sweeping alpine views in every direction. Enjoy easy access to the Twin Lakes themselves for boating, paddleboarding, kayaking, and fishing, as well as miles of nearby hiking, biking, ATV, and snowmobile trails. In the winter months, the area offers opportunities for snowshoeing and backcountry skiing, while summer and fall bring incredible wildflowers and high-alpine adventures. Just minutes from Leadville and a short drive to Buena Vista, you'll enjoy a true mountain lifestyle with convenient access to dining, shopping, and year-round events.
Service providers & infrastructure:
Water is provided by Mount Elbert Water Association (MEWA) - https://www.mountelbertwater.org/
The property is part of a metro district that provides road maintenance and snow plowing - https://www.panarkestatesmd.org/
Lake County provides building permits and inspections - https://www.lakecountyco.com/188/Community-Planning-Development
With key improvements complete and one of Colorado's most scenic mountain locations at your doorstep, this Twin Lakes lot is an exceptional opportunity to build with confidence.
| |||
| Dec 20, 2021 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017