$375,000
●
House -
For Sale
379 Spruce Dr
Leadville, CO 80461
Studio
0 Bath
1,313 Ft²
$1,972
Est. Monthly
3.38%
Cap Rate
About This Property
Don't miss this rare opportunity to own four adjoining lots
totaling 1.2 acres in a prime mountain setting just minutes from
Twin Lakes and Forebay Reservoirs. This property includes a 1,313
sq ft log cabin shell ready for your personal finishing touch. The
cabin is unfinished. Electricity is to the lot line making this a
flexible investment for future development or a personal mountain
retreat. Two storage sheds on site offer ample space for tools,
gear, or building materials. Roads and maintained and snow is
removed as part of a municipal taxing district. Information
regarding water can be acquired at Mount Elbert Water Association:
//www.mountelbertwater.org/. Whether you're dreaming of a custom
getaway or a recreational basecamp, this property offers the
perfect blend of space, utility, and location. Call to set up your
showing today.
Unit Size
1,313 Ft²
Days on Market
-
Land Size
1.20 acres
Price per sqft
$286
Property Type
House
Property Taxes
$130
HOA Dues
-
Year Built
2004
Listed By
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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: 10 months ago (REcolorado MLS #5355401)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 23, 2026 | Delisted | - | |
| Delisted | |||
| Mar 17, 2026 | Sold | ||
| Sold | |||
| Feb 5, 2026 | In contract | - | |
| In contract | |||
| Jan 26, 2026 | Listed | $275,000 | |
| Listed | |||
| | |||
|
Don't miss this rare opportunity to own four adjoining lots totaling 1.2 acres in a prime mountain setting just minutes from Twin Lakes and Forebay Reservoirs. Each lot has a separate address. This property includes a 1,313 sq ft log cabin shell ready for your personal finishing touch. The cabin is unfinished. Electricity is to the lot line making this a flexible investment for future development or a personal mountain retreat. Two storage sheds on site offer ample space for tools, gear, or building materials. Roads and maintained and snow is removed as part of a municipal taxing district. Information regarding water can be acquired at Mount Elbert Water Association: //www.mountelbertwater.org/. Whether you're dreaming of a custom getaway or a recreational basecamp, this property offers the perfect blend of space, utility, and location. Call to set up your showing today.
| |||
| Jul 15, 2025 | Listed | $275,000 | |
| Listed | |||
| | |||
|
Don't miss this rare opportunity to own four adjoining lots totaling 1.2 acres, each with it's own legal address, in a prime mountain setting just minutes from Twin Lakes and Forebay Reservoirs. This property includes a 1,313 sq ft log cabin shell ready for your personal finishing touch. The cabin is unfinished. Electricity is to the lot line making this a flexible investment for future development or a personal mountain retreat. Two storage sheds on site offer ample space for tools, gear, or building materials. Roads and maintained and snow is removed as part of a municipal taxing district. Information regarding water can be acquired at Mount Elbert Water Association: //www.mountelbertwater.org/. Whether you're dreaming of a custom getaway or a recreational basecamp, this property offers the perfect blend of space, utility, and location. Call to set up your showing today.
| |||
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Property Highlights
Parking Details
Has Garage
Garage Spaces: 4
Exterior Details
Square Footage: 1313
Square Footage Source: $0
Property Condition: Fixer, Not New, Previously Owned
Year Built: 2004
Building Area Total: 1313
Levels: Two
Construction Materials: Log, Concrete
Lot Size Area: 52272
Lot Size Units: Square Feet
Lot Size Acres: 1.2
Lot Size Square Feet: 52272
Financial Details
Tax Annual Amount: $1,565
Utilities Details
Heating Type: Wood Stove
Sewer : Septic Tank, Septic
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Twin Lakes
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Listed by: Justin Tanner, Century 21 Community First
Last Updated: 10 months ago
Data Source: REcolorado MLS, MLS# 5355401
© 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.
Last Updated: 10 months ago
Data Source: REcolorado MLS, MLS# 5355401
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