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Twin Lakes 81251
368 Mount Elbert Dr
$125,000
● Land - Off Market

368 Mount Elbert Dr

Twin Lakes, CO 81251
bedrooms
Studio
bathrooms
0 Bath
$667
Est. Monthly

About This Property

Stunning lake and mountain views in every direction! This 0.46 acre lot is on the top of Ridge Road in the desirable Twin Lakes community that captures mountain views to the north and beautiful lake views to the south. Twin Lakes is 15 minutes to Leadville, 25 minutes to Buena Vista and 45 minutes over Independence Pass to Aspen. Outdoor recreation is in all directions including the Arkansas River, skiing, hiking, fishing and much more.
Unit Size
-
Days on Market
-
Land Size
0.46 acres
Price per sqft
-
Property Type
Land
Property Taxes
$53
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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.

Last updated: 11 months ago (REcolorado MLS #2668902)

Price History

Date / Event Date Event Price
Mar 18, 2024 Listed by Worth Clark Realty $125,000
Listed by Worth Clark Realty
Mar 15, 2024 Sold
Premium
Sold
Jul 24, 2020 Sold
Premium
Sold
May 3, 2020 Listed by Worth Clark Realty $27,000
Listed by Worth Clark Realty
Jun 4, 1999 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,038
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: MT ELBERT PLAMOR RANCH 1-B
  • Land Acres: 0000000460
  • Standard Land Use Code: 8001
  • County Land Use Code: 100
  • Legal Description 1: LOT 124, TWIN LAKES ADD 1-B MT ELBERT PLAMOR RANCH

Neighborhood

  • School District Name: Lake County School District R-1
  • Census Tract: 961900

Geography

  • Account Number: R001731
  • Parcel: 290110301102
  • Lot: 124
  • Municipality: LAKE COUNTY
  • Latitude: 39.1046
  • Longitude: -106.328

    Address

  • Full Address: 368 Mount Elbert Dr
  • Address - House Number: 368
  • Address - Street Name: Mount Elbert
  • Address - Suffix Type: Dr
  • State: CO
  • City Name: Twin Lakes
  • Carrier Code: R005
  • 4-Digit Zip Code: 9711
  • Zip Code: 81251

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $67,240
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 189

    Market Valuation

  • Market Total Value: $21,505
  • Market Land Value: $21,505

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $6,236
  • Assessed Land Value: $6,236

    Sales

  • Current Sale Contract Date: Mar 13, 2024
  • Current Sale Recording Date: Mar 15, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 388756
  • Previous Sale Recording Date: Jul 24, 2020
  • Previous Sale Contract Date: Jul 24, 2020
  • Previous Sale Amount: $25,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Twin Lakes

Stats & Trends

Median Asking:

$825,000

Sale Price/ft²

$446

Below Asking

0.03%

Average Days on Market

102

Average Home Size

2030 ft²

Average Home Age

17.8 years

Currently For Sale

20 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

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REcolorado

Listed by: Christian Kelly, Worth Clark Realty
Last Updated: 11 months ago
Data Source: REcolorado MLS, MLS# 2668902
© 2026 REcolorado® All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, REcolorado®. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 368 Mt Elbert built and last sold?
The property at 368 Mt Elbert was built in and last sold on Mar 13, 2024 for $30,000.
How much is this home worth?
The estimated value of the home located at 368 Mt Elbert is $0.
What are some comparable homes to 368 Mt Elbert?
There are currently no comparable homes to 368 Mt Elbert.
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