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Twin Lakes 81251
945 Cedar Dr
$65,000
● Land - Off Market

945 Cedar Dr

Leadville, CO 80461
bedrooms
Studio
bathrooms
0 Bath
$363
Est. Monthly

About This Property

Discover this beautiful 0.5-acre treed property in Twin Lakes, bordering the breathtaking San Isabel National Forest and majestic Mount Elbert. This lot is perfect to enjoy multiple nearby lakes, fish the Arkansas River Headwaters, explore historic Leadville, or tackle a 14er. The growing neighborhood is ready for you to build your dream home on this corner parcel with electricity and community well available at the street, plus there no HOA. Don't miss the opportunity to own this premier mountain getaway, where you can embrace the beauty of nature and enjoy endless outdoor adventures.
Unit Size
-
Days on Market
-
Land Size
0.50 acres
Price per sqft
-
Property Type
Land
Property Taxes
$19
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 #1851145)

Price History

Date / Event Date Event Price
Oct 11, 2024 Sold
Premium
Sold
Sep 18, 2024 In contract -
In contract
Jul 16, 2024 Listed by Keller Williams Top Of The Rockies $70,000
Listed by Keller Williams Top Of The Rockies
Mar 9, 2023 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: 21,780
  • 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-A
  • Land Acres: 0000000500
  • Standard Land Use Code: 8001
  • County Land Use Code: 100
  • Legal Description 1: LOT 260 TWIN LAKES ADDITION 1A, OF MT ELBERT PLAMOR RANCH

Neighborhood

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

Geography

  • Account Number: R002081
  • Parcel: 290109003086
  • Lot: 260
  • Municipality: LAKE COUNTY
  • Latitude: 39.1117
  • Longitude: -106.349

    Address

  • Full Address: 945 Cedar Dr
  • Address - House Number: 945
  • Address - Street Name: Cedar
  • Address - Suffix Type: Dr
  • State: CO
  • City Name: Twin Lakes
  • Zip Code: 81251

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $162,464
  • Tax Rate Code Area: 189

    Market Valuation

  • Market Total Value: $15,000
  • Market Land Value: $15,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $4,350
  • Assessed Land Value: $4,350

    Sales

  • Current Sale Contract Date: Mar 09, 2023
  • Current Sale Recording Date: Mar 09, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 386698
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:

$822,000

Sale Price/ft²

$437

Below Asking

0.03%

Average Days on Market

114

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

Nearby Rentals

Rentals Near You

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REcolorado

Listed by: Anne Skinner, Keller Williams Top Of The Rockies
Last Updated: 11 months ago
Data Source: REcolorado MLS, MLS# 1851145
© 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 945 Cedar Drive built and last sold?
The property at 945 Cedar Drive was built in and last sold on Mar 9, 2023 for $75,000.
How much is this home worth?
The estimated value of the home located at 945 Cedar Drive is $70,700.
What are some comparable homes to 945 Cedar Drive?
There are currently no comparable homes to 945 Cedar Drive.
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