This 4,490 sq ft custom RAISED RANCH HOME with walk-out basement, 2,400 sq ft WORKSHOP, and 3-car ATTACHED GARAGE sits on 1.41 acres in Leadville / Twin Lakes, CO. Originally built by its former owner for personal use, this quality home combines thoughtful design, mountain charm, and functional spaces for living, working, and entertaining. The home features three bedrooms upstairs, including a primary suite with a large bedroom, walk-in closet, and five-piece bathroom. The main level offers an open floor plan with a living room centered around a wood-burning fireplace, flowing into the kitchen and dining area, which walks out to the rear deck-perfect for enjoying Colorado's mountain views. A main-level laundry/wash room adds convenience. Outdoor living also includes a covered front porch and lower-level patio areas.The walk-out basement has finished exterior walls and an open, undivided interior layout with room for a potential fourth bedroom if desired or home office. The home is supported by 200-amp electrical service and includes a dedicated shed for firewood storage. A rare standout feature of the property is the 2,400 sq ft metal workshop with concrete floors, partial insulation, an unfinished bathroom, loft (~250 sq ft), and a bedroom or small office area. Water and septic connections are in place, along with 250-amp electrical service. A gas line has been run from the propane tanks and requires only a regulator to support in-floor heating. Utilities include county water (not a well), septic system, two propane tanks, and electric service through Sangre de Cristo Electric. With room to create, work, and relax, this home is a rare opportunity to enjoy Colorado's high-country lifestyle.
Dishwasher, Refrigerator, Washer, Dryer, Disposal, Fire Alarm
FIREPLACE FEATURES
One
Heating
Forced Air
Cooling
Ceiling Fan(s)
Utility Features
Electricity Available, Propane, Cable Available
SEWER
Septic Tank
WATER SOURCE
City
Year Built
2018
Basement
Full, Partially Finished, Walk-Out Access
FINISHED BASEMENT SIZE
2142.0
Roof
Composition
EXTERIOR FEATURES
Balcony
Parking Features
Attached
Lot Features
Deciduous Trees, Outbuildings
Garage spaces
3
CITY
Twin Lakes
SUBDIVISION
Mt Elbert Plamor Ranch 1-C
COUNTY
Lake
AREA
Out of Area
STATE
CO
TAX AMOUNT
5671.44
LATEST UPDATE
2026-02-10T16:51:22.103Z
DAYS ON MARKET
13
PRICE CHANGE(S)
$849,500 Jan 29, 2026
Property Details
Property TypeResidential
StatusActive
Bedrooms3
Bathrooms (Full)2
Property Sub TypeSingle Family Residence
Square Feet4,492
MLS #7438597
Bathrooms (¾)1
AppliancesDishwasher, Refrigerator, Washer, Dryer, Disposal, Fire Alarm
FIREPLACE FEATURESOne
HeatingForced Air
CoolingCeiling Fan(s)
Utility FeaturesElectricity Available, Propane, Cable Available
SEWERSeptic Tank
WATER SOURCECity
Year Built2018
BasementFull, Partially Finished, Walk-Out Access
FINISHED BASEMENT SIZE2142.0
RoofComposition
EXTERIOR FEATURESBalcony
Parking FeaturesAttached
Lot FeaturesDeciduous Trees, Outbuildings
Garage spaces3
CITYTwin Lakes
SUBDIVISIONMt Elbert Plamor Ranch 1-C
COUNTYLake
AREAOut of Area
STATECO
TAX AMOUNT5671.44
LATEST UPDATE2026-02-10T16:51:22.103Z
DAYS ON MARKET13
PRICE CHANGE(S)
$849,500 Jan 29, 2026
Market Trends
New Properties On Market
3
70%
Decrease In New Listings
Average Asking Price
$121,666
$325,872 Decrease In Avg Asking Price
Average Days On Market
8
10 Day
Decrease In Days On Market
Data as of Mar 10, 2026.
Remaining statistics above are calculated on activity within the period from Jan 01, 2026 to Feb 28, 2026.
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