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387 Lakeview Drive, Drake, CO – $545,000

  • 3 Beds
  • 3 Baths
  • 2,206 Sqft
  • 4.89 Acres
  • 3 Beds
  • 3 Baths
  • 2,206 Sqft
  • 4.89 Acres

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387 Lakeview Drive

Back on the market at no fault of Seller. Rough electric, plumbing, well (5 gals/min), septic system in. Spectacular quality of construction. 4.89A of undulating mountain tops and valleys; 300 degree Cayon view. 30 minutes to Loveland, 40 minutes to FoCo and Longmont, 70 minutes to Denver, 80 minutes to DIA and Cheyenne. Perfect VRBO / AirBnB income property while enjoying Mountain appreciation. Estimate in hand ($180,000) to complete. ARV = $1.15M. Buyer should finish the upper and middle floor first to speed up "completion", then get a Certificate of Occupancy. Finish the lower level at his/her leisure. This home cannot be financed conventionally. Cash only or through a "hard money" lender. Cannot be underwritten without a C.O., hence needs either hard money financing or CASH. I have two quotes from GC's who estimated the build-out and will finish the home.

Listing Office: Keller Williams Realty NoCo

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Essential Information

  • MLS® #IR1022836
  • Price$545,000
  • Bedrooms3
  • Bathrooms3.00
  • Square Footage2,206
  • Acres4.89
  • Year Built2017
  • TypeResidential
  • Sub-TypeSingle Family Residence
  • StyleChalet
  • StatusActive

Community Information

  • Address387 Lakeview Drive
  • SubdivisionCEDAR PK
  • CityDrake
  • CountyLarimer
  • StateCO
  • Zip Code80515

Amenities

  • UtilitiesElectricity Available
  • ViewMountain(s), Plains

Interior

  • HeatingForced Air, Propane
  • CoolingCentral Air
  • FireplaceYes
  • # of Fireplaces1
  • StoriesTwo

Interior Features

Eat-in Kitchen, Kitchen Island, Pantry, Primary Suite, Vaulted Ceiling(s), Walk-In Closet(s)

Exterior

  • RoofMetal

Lot Description

Rock Outcropping, Rolling Slope

School Information

  • DistrictThompson R2-J
  • ElementaryBig Thompson
  • MiddleWalt Clark
  • HighThompson Valley

Additional Information

  • Date ListedNovember 27th, 2024
  • ZoningE-SFR

Listing Details

  • Keller Williams Realty NoCo
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Listing information last updated on June 7th, 2025 at 4:33pm MDT.