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Twin Lakes 81251
389 Mount Elbert Dr
$899,000
↓ $26K (2.8%)
● House - For Sale

389 Mount Elbert Dr

Twin Lakes, CO 81251
bedrooms
3 Beds
bathrooms
0 Bath
square feet
2,031 Ft²
$4,729
Est. Monthly

About This Property

Discover true mountain living at this custom-built sanctuary designed by its architect first owner. Nestled on 3.92 acres, spanning 8 contiguous lots this property offers a rare combination of rustic charm and modern efficiency.

Featuring 2,031 square feet of total living space divided between a stunning main chalet and a private guest cottage. The 3-level main cabin greets you with soaring tongue-and-groove ceilings, a walk-out basement, and expansive wrap-around Trex decks framed by massive Douglas Fir columns. Recent modern updates include beautifully remodeled custom kitchen cabinetry, premium stainless appliances, and two refreshed bathrooms. After a day of mountain adventures, unwind in the Wi-Fi-controlled Harvia Redwood sauna located perfectly under the covered deck.

Above the heated, finished and insulated 2-car garage sits a spacious 1-bedroom, 1-bathroom guest cottage complete with a wet bar-ideal for hosting guests. The property boasts, split-log siding, standing seam Class 4 impact-resistant metal roofs, and ultra-efficient Steffes Electric Thermal Storage heating systems.

Practicality meets luxury with 10+ years of firewood ready in the detached woodshed and on the property, a lockable wine closet, overhead kayak storage, and year-round road maintenance provided by the Pan Ark Estates Metro District. A rare bonus: the sale includes a highly valuable additional Mount Elbert Water Association certificate for future use. Experience ultimate Colorado privacy with all the comforts of home.
Unit Size
2,031 Ft²
Days on Market
-
Land Size
3.92 acres
Price per sqft
$443
Property Type
House
Property Taxes
$314
HOA Dues
-
Year Built
2013

Listed By

John McDonough
8z Real Estate - ROCC

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Last updated: 11 days ago (REcolorado MLS #IRE2905720)

Price History

Date / Event Date Event Price
Sep 25, 2026 Price Decreased $899,000
↓ $26K (2.8%)
Price Decreased
Aug 14, 2026 Listed $925,000
Listed
Sep 29, 2022 Sold
Sold
Nov 3, 2020 Sold
Sold
Jul 25, 2020 Listed $575,000
Listed
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Property Highlights

Garage
With View
Parking Details
Has Garage
Parking Features: Detached
Garage Spaces: 2
Interior Details
Basement: Slab
Exterior Details
Square Footage: 2031
Square Footage Source: $0
Year Built: 2008
Levels: Three Or More
Construction Materials: Frame, Wood Siding
Patio and Porch Features: Patio, Deck
Lot Features: Deciduous Trees, Outbuildings
Lot Size Area: 170755.2
Lot Size Units: Square Feet
Lot Size Acres: 3.92
Lot Size Square Feet: 170755.2
Financial Details
Tax Annual Amount: $3,772
Utilities Details
Cooling Type: Ceiling Fan(s)
Heating Type: Wood Stove, Electronic Air Filter
Sewer : Septic Tank

Building Info

Overview

    General

  • Year Built: 2013
  • Effective Year Built: 2013
  • Building Count: 2
  • Total Rooms: 6
  • Bedroom Count: 1
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 6
  • Interior Walls Type: 6
  • Roof Shape Type: 0
  • Roof Cover Type: 14
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 336
  • Garage Type: 3
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 70,567
  • Total Building Area: 1,436
  • Building Area: 1,436
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,436
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MT ELBERT PLAMOR RANCH 1-B
  • Land Acres: 0000001620
  • Standard Land Use Code: 1001
  • County Land Use Code: 1212
  • Legal Description 1: LOT 84A, TWIN LAKES ADD 1B, MT ELBERT PLAMOR RANCH

Neighborhood

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

Geography

  • Account Number: R002659
  • Parcel: 290110301063
  • Lot: 84A
  • Municipality: LAKE COUNTY
  • Latitude: 39.1053
  • Longitude: -106.328

    Address

  • Full Address: 389 Mount Elbert Dr
  • Address - House Number: 389
  • Address - Street Name: Mount Elbert
  • Address - Suffix Type: Dr
  • State: CO
  • City Name: Twin Lakes
  • Zip Code: 81251

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $297,172
  • Tax Rate Code Area: 189

    Appraisal Valuation

  • Standard Deviation: 0.1849
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 75
  • Final Value: 864,629
  • High Value: 1,024,514
  • Low Value: 704,744

    Market Valuation

  • Market Total Value: $511,942
  • Market Land Value: $43,095
  • Market Improvement Value: $468,847

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $35,580
  • Assessed Land Value: $2,995
  • Assessed Improvements Value: $32,585

    Sales

  • Current Sale Contract Date: Sep 29, 2022
  • Current Sale Recording Date: Sep 29, 2022
  • Current Sale Price:
  • Current Sale Document Type: 55
  • Current Sale Input Document Number: 385754
  • Previous Sale Recording Date: Nov 03, 2020
  • Previous Sale Contract Date: Nov 03, 2020
  • Previous Sale Amount: $545,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

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

About Twin Lakes


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Frequently Asked Questions

When was property at 389 Mt Elbert built and last sold?
The property at 389 Mt Elbert was built in 2013 and last sold on Sep 29, 2022 for $1,000.
How much is this home worth?
The estimated value of the home located at 389 Mt Elbert is $899,557.
What are some comparable homes to 389 Mt Elbert?
There are currently no comparable homes to 389 Mt Elbert.