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Sold for $345,000

387 Lakeview Dr Drake, CO 80515

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$345,000

CLOSED

Beds

Baths

Sqft

Acres

4.89

Year

2017

Close Date

Jul 8, 2025

Property Type

Residential

Sub Type

Single Family Residence

Date Listed

Nov 27, 2024

Description of 387 Lakeview Dr, Drake, CO 80515

Listing details for 387 Lakeview Dr, Drake, CO 80515 : 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 Updated : 06-11-2026 at 5:08 AM MDT

Property Details

Property Overview

Listing Price

$545,000

MLS #ID

RECIR1022836

Close Price

$345,000

Close Date

Jul 8, 2025

Bedrooms

Bathrooms

Square Footage

Acres

4.89

Year

2017

Days on Site

98 Days

Property Type

Residential

Property Sub Type

Single-Family

Price per Sq Ft

Date Listed

Nov 27, 2024

Location

Street Address

387 Lakeview Dr

City

Drake

State

Colorado

ZIP Code

80515

County

Larimer

Neighborhood / Subdivision

Cedar Pk

Driving Directions

Go west on Hwy 34 to Drake, Turn R, go 1/4 mile. Turn R, go 2.1 miles to the T. Turn L then take your first R. Go to the bottom of the hill. Property and sign on your L.

Schools

Elementary School

Middle School

High School

School District

Home Specification

Bedrooms

Construction / Architecture

Year Built

2017

Style

Chalet

Construction Materials

Log and Frame

Roof

Metal

New Construction

Price per Sq Ft

Lot Features

Rock Outcropping and Rolling Slope

Lot Size (Acres)

4.89

Interior Details

Interior Features

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

Flooring

Wood

Fireplace

Yes

Fireplace Count

Heating

Forced Air and Propane

Cooling

Central Air

Exterior Details

Garage

Fencing

None

Water Source

Well

Sewer

Septic Tank

Taxes, HOA & Financing

HOA Fee

$25 Annually

HOA Frequency

Annually

HOA Fee Includes

Reserves

Room Details

Room Type	Level	Dimensions
Primary Bathroom Full	—	—
Living Room	Upper	24 × 14
Bedroom	Lower	10 × 9
Kitchen	Main	13 × 11
Bedroom	Main	12 × 11
Primary Bedroom	—	16 × 13

Listing Provided By

Rich Coccaro, 9704497100, Keller Williams Realty NoCo

Properties displayed may be listed or sold by various participants in the MLS

Source

recolorado as distributed by MLS GRID, MLS#: RECIR1022836

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Property History

DateEventPrice

7/8/2025

Sold

$345,000 -36.7%

Source:

recolorado #RECIR1022836

11/27/2024

Listed for sale

$545,000

Source:

recolorado #RECIR1022836

Location of 387 Lakeview Dr, Drake, CO 80515

Streetview of 387 Lakeview Dr, Drake, CO 80515

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Based on information submitted to the MLS GRID as of 2026-06-11. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.